A French court has eased the pressure on Christine Lagarde, head of the IMF, by stopping short of making her an official suspect for her role in a €400 m pay-off to a supporter of former president Nicolas Sarkozy. The FT reports.
Nearly half of all workers across Europe, the Middle East, Africa and India think bribery and corruption are acceptable ways to survive an economic downturn, according to a report published by Ernst & Young on Tuesday.
The Iraqi government and Kurdistan authorities put together a deal that could see the Kurds resume oil exports to Iraq in return for a revision of the Iraqi 2013 budget.
Several renowned investors may have made the case to be more bearish on bonds recently, but one analyst has told CNBC that now is the perfect time to look at high yielding peripheral bonds.
After three years of failed austerity policies, the euro zone crisis is set to escalate in 2013-2014. Europe's share of world economy set to plunge to less than 20 percent by 2017.
Investors cheered HSBC first quarter results on Tuesday, but analysts said the bank's profit-beat was misleading, and recommended RBS and Lloyds shares.
The U.K.'s future in Europe returned to the political agenda on Tuesday after a former finance minister said the case for a British exit from the European Union "is clear."
European Central Bank Chief Mario Draghi's latest comments that further monetary easing in the euro area is possible is making euro bulls think twice, say currency analysts.
Global spirits company Diageo named Chief Operating Officer Ivan Menezes as its new chief executive, replacing Paul Walsh who has been at the helm of the firm since 2000.
Napolitano rescued Italy in 2011 by replacing Berlusconi with technocrat Mario Monti. Italy's fate once again depends on the man affectionately known as "King George."
European Central Bank President Mario Draghi departed from a prepared speech on Monday to reiterate the central bank's readiness to cut interest rates again.
Societe Generale, France's No. 2 listed bank, reported a 50 percent slump in quarterly profit on Tuesday on the back of a weakening domestic economy and one-off charges.
Danish brewer Carlsberg kept its 2013 outlook unchanged after first-quarter operating profits and revenue rose more than forecast, partly aided by strong Asia sales.
Rumors that George Soros was planning shorts on the Australia dollar has taken the wind out of the robust currency, fueling bearish sentiment on the Aussie.
Rather than being simply a one-off event that Wall Street could dismiss as an aberration, the Flash Crash now looks like it was just the first warning shot.