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In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. corporations amid an FBI investigation into insider trading allegations.
Germans are one of the poorest groups in Europe, according to the surprising findings of a joint survey by various divisions within the European Central Bank.
Billionaire investor George Soros is the latest person to criticize Germany's role in the euro zone crisis, telling the country that it should consider leaving the euro zone.
Italian center-left leader Bersani met his center-right rival Berlusconi to discuss the election for the next president, offering hope of a breakthrough in the deadlock.
After Portugal's rejection of the cost-cutting measures on which its bailout package depends, Invesco Perpetual's chief economist has added his voice to the anti-austerity camp, warning it could lead to "almost endless depression".
European shares closed mixed on Tuesday, with upward momentum coming from the basic resources sector as benign Chinese inflation data raised hopes of further monetary easing by Beijing.
British banks could pay up to a quarter more to be supervised as two new watchdogs adopt more intrusive regulation and impose higher fines which will be paid into the coffers of cash-strapped government.
Greek consumer prices entered deflationary territory for the first time in 45 years, data showed on Tuesday.
Slovenia is heading toward a severe banking crisis and a deep recession despite recent reforms, according to the OECD.
French media group Lagardere Tuesday said it has sold its entire 7.4% stake in European Aeronautic Defence & Space Co EADS through a private placement for 2.28 billion euros.
German imports fell sharply in February for the third time in the last four months and exports also declined.
Japanese investment in Europe's bond markets are expected to jump following the Bank of Japan's drastic action to ease monetary policy, the FT reports.
The European Financial Stability Facility is set to launch a new five-year benchmark bond on Tuesday that remains part-guaranteed by bailed-out Cyprus.
The US stock market just keeps going up and up. Something’s not copasetic, right?
European shares closed off their highs on Monday but remained in positive territory, shrugging off poor investor sentiment data for the euro zone.
France's Socialist government promised on Monday to publish details of individual ministers' assets next week as it scrambled to stem a deepening scandal over a former budget minister's secret foreign bank account.
Spanish Prime Minister Mariano Rajoy said on Monday that Europe should looks to give the European Central Bank more powers, in answer to a question on the Bank of Japan's stimulus measures.
Two of Greece's biggest banks face nationalization after failing to attract private investment and a surprise move by the state to suspend their merger deal.
As Treasury Secretary Jack Lew kicks-off his first official visit to Europe, analysts said efforts to coax euro zone leaders to pursue growth-generating policies may fall on deaf ears.
Euro zone sentiment fell for a second consecutive month in April due to concerns over the Cyprus bailout, Sentix research group said on Monday.