Successive Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the euro zone debt crisis.
Successive Slovenian governments have refused to privatize the country's banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the euro zone debt crisis.
Spain's banking bailout last year is now a distant memory. But according to one strategist, Spain's fragile economy now faces the possibility of tipping over into a renewed credit crunch.
Buoyed by new opinion polls showing a lead for his center-right coalition, Berlusconi said on Friday Italy must return to the polls quickly unless the center left agrees to govern with him.
Digital currency bitcoin has seen a spike in interest coinciding with a huge rally, but it has divided opinion greatly with analysts differing on whether it's an advancement in the monetary system or just a large ponzi scheme that should be avoided.
North Korea has asked embassies in Pyongyang that might wish to get staff out if there is a war to submit plans to it by April 10, Britain said on Friday.
Investors are starting to "wake-up to the reality" that stocks are the only way for them to get real returns on their money, Tempeton's Mark Mobius told CNBC.
Janet Yellen, a potential successor to Ben Bernanke at the Federal Reserve, is seen as a "loose cannon" and could upset the markets, Bob Janjuah of Nomura told CNBC.
Two senior executives at Bank of Cyprus may have deleted crucial e-mail documents last year, according to an investigative report commissioned by the central bank of Cyprus, the NYT reports.
Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
Italy's fiscal deficit narrowed in the final quarter of 2012 to 1.4 percent of gross domestic product, compared with 2.6 percent in the same period of 2011.
The policy measures taken in Japan to revive economic growth are "quite dangerous," billionaire investor George Soros told CNBC in an interview on Friday.
Restructuring specialist Hilco said on Friday it had bought British entertainment retailer HMV, securing the future of the 92-year-old high street firm and 2,500 jobs.
France urged Germany on Thursday to grant it more time to hit its public deficit-cutting target, but denied it was turning into the new "sick man of Europe" even as data pointed to a deepening French downturn.
Global central banks are accelerating mostly ineffective policies because they feel they have no choice but to keep trying, Pimco's Mohamed El-Erian told CNBC.
Chinese tourists have overtaken Germans as the world's biggest-spending travelers after a decade of robust growth in the number of Chinese holidaying abroad, reports the United Nations World Tourism Organisation (UNWTO).
Airbus recaptured the aircraft industry's top spot in the first quarter as U.S. rival Boeing fell behind on orders and grappled with the grounding of its newest jet.
Golfers with extravagant tastes are vital to the game’s culture, and upmarket brands have the goods to sell them at top dollar. CNBC.com presents a list of 10 extravagances for the golfer who demands--and can pay for--the best. Read ahead to see what they are and what they cost.