UBS has yet to fully purge itself of a global interest rate scandal that has put it at risk of a wave of costly civil suits, its investment banking chief said on Wednesday.
Supermarket chain Sainsbury plans to combine cost cuts with expansion in 2013, CFO John Rogers told CNBC Wednesday, with the group determined to lure more cash-strapped consumers to its mid-range supermarkets.
A growing number of economists predict the European Central Bank’s rate-setting committee will vote to cut interest rates again at Thursday’s meeting.
Central bank monetary policy has always focused on inflation. Or has it?
UK business leaders, including Virgin Group founder Richard Branson and WPP chief executive Martin Sorrell, warned Prime Minister David Cameron in a letter to the Financial Times on Wednesday that he risks hurting Britain's businesses if he proposes to exit the European Union.
Brighter U.S economic prospects, a 'fiscal cliff' deal and the idea that the end is in sight for a period of ultra-easy monetary policy have sent government bond yields racing higher at the start of the year. And this is only the start, analysts say.
HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank (CDB) voiced concerns over funding for the deal, sources told Reuters.
The Paris Prosecutor's office said on Tuesday that it was opening a preliminary investigation into French Budget Minister Jerome Cahuzac over allegations that he had an undisclosed bank account in Switzerland.
Virgin Atlantic said American Airlines executive Craig Kreeger would become its next CEO as the British carrier looks to make a success of its transatlantic joint venture with Delta Air Lines.
Marc Faber told CNBC on Tuesday that he owns gold as an "insurance policy" despite a possible correction.
Investors had one eye on the start of the earnings season in the U.S., but strategists said Europe's own earnings season could throw up a few surprises.
Ireland sold 2.5 billion euros ($3.3 billion) of debt on Tuesday, raising a quarter of the 10 billion euros it aims to borrow in 2013 ahead of a planned exit from its EU/IMF bailout.
Speculation that Venezuelan President Hugo Chavez is no longer fit to govern the oil-rich country has pushed Venezuelan bond prices to record highs.
Morale among businesses in the euro zone improved again in December, but the unemployment rate reached a new record and households held back from spending in the run-up to Christmas, suggesting the bloc's emergence from recession will be slow.
Greece is delivering on tough economic reforms, Prime Minister Antonis Samaras said on Tuesday during a visit to Germany.
Shares in Vodafone rose almost 3 percent on Tuesday after its partner in U.S. joint venture Verizon Wireless said it would be "feasible" to buy out the British group in what would be one of the biggest corporate deals ever.
Megafon’s $1.7 billion share offering raised eyebrows last year when Goldman Sachs pulled out as lead bookrunner close to launch – but the investment bank has now issued a “buy” rating on the stock.
Silvio Berlusconi withdrew as candidate for Italy's premiership on Monday as the price of a pact with the devolutionist Northern League that could prevent the formation of a stable government after next month's election.
The euro zone crisis is over – that is, if you choose to believe Jose Manuel Barroso, the president of the European Commission. The Christian Science Monitor reports.
With fears over the U.S. "fiscal cliff" calmed and the euro zone debt crisis having abated somewhat, there is pain coming for sterling this year, according to HSBC's currency strategist.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.
Tania Bryer gains unprecedented access to "The King of the High Street," Sir Philip Green.
Philip Green, the man famed for his overhaul of British Home Stores (BHS), has told CNBC that he does not like department stores.
The head of the company that owns Topshop said the new Kate Moss collection was his opportunity to enter the Chinese market.