A Greek compromise deal is not helpful because of structural issues in the country, Generali CEO Mario Greco said.» Read More
European shares were set to rise on Wednesday, tracking advances on Wall Street and in Japan and extending gains from the previous session.
Lewis said he found it “amazing” that the Irish government has “socialized” the banks—some $80 billion in senior and subordinated debt—and made it the financial responsibility of Irish taxpayers, who didn’t create it.
Optimism about the US economy is based on three factors—that the US is not another "Japan," that the European Central Bank is helping Europe’s financial institutions the same way the Federal Reserve is aiding those in the US and that President Obama is moving toward the center, Leon Cooperman, chairman CEO of Omega Advisors, told CNBC Tuesday.
The European Central Bank suspended its emergency purchases of euro zone government bonds last week as the debt crisis eased, allowing it to focus on combating rising inflation, reports the Financial Times.
Financial bookmakers predicted gains for the leading European benchmark indexes on Tuesday, with the focus seen shifting back to the economic outlook and company earnings.
An overwhelming majority of business and financial leaders from around the world think there is a chance that one or more eurozone countries will leave monetary union over the next three years, reports the Financial Times.
Europe’s banking system is returning to health amid signs that financial institutions are no longer hoarding cash, according to key indicators, reports the Financial Times.
European shares were set to fall on Monday as concerns grew the Egyptian anti-government protests could spark instability elsewhere in the Middle East.
European stocks were indicated to open flat to slightly higher, ahead of gross domestic product data from the US which would show how solid is the recovery of the world's biggest economy.
European shares were set to edge up on Thursday, tracking gains on Wall Street and in Asian markets after the Fed's meeting.
European shares were set to rise on Wednesday, after US President Barack Obama stressed a need to lower corporate tax rates.
President Obama's State of the Union address and the Fed's Wednesday afternoon statement should both play up the improving U.S. economy.
Chief executives, government leaders and academics around the world are headed to Davos, Switzerland, for the World Economic Forum’s annual meeting this week — a heady power gathering that mixes business, politics and Champagne in the Swiss Alps.
At least for this year, the euro zone will remain united and no country is likely to default, analysts told CNBC.com. But debt restructuring is on the horizon for later.
European shares are set to rise for a third straight session on Tuesday, mirroring gains in Asia and on Wall Street.
The Fed kicks off its first meeting of 2011 Tuesday, as key stock indices edge toward psychologically important milestones.
European shares are set to edge higher on Monday, tracking Friday's gains on Wall Street.
Day by day, investors in Europe tell me their confidence is growing that the Union is moving decisively towards fixing its problems.
Bank of America and General Electric are two heavy weights whose earnings should steer stocks into Friday's opening bell.
Hidden among an otherwise sea of red due to China fears, some markets rallied: Athens' ASE up 2.6 percent, Portugal's PS120 up 1.1 percent and Spain's IBEX spacer up 0.76 percent. More importantly, there's a growing bid under peripheral European debt.