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European shares pared gains on Tuesday to close lower, after a raft of euro zone economic data softened earlier rises from positive earnings reports.
BP profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division.
The CEO of the world's biggest advertising firm has warned the industry is facing sluggish growth and the firm is fighting a daily battle.
Credit Suisse said on Wednesday first-quarter net profit rose on the year due in part to its investment bank, and flagged a cash dividend.
Earnings season is well and truly underway, but weakness from Europe has spoilt the party on both sides of the Atlantic.
Swiss industrial group ABB is to buy solar energy firm Power-One for about $1 billion, betting growth in emerging markets will revive a sector ravaged by recession-hit Europe.
European shares closed lower on Wednesday on worries about slowing growth and rumors of a credit downgrade for Germany curbing investor sentiment.
A resurgence in European initial public offerings (IPOs) this year, seen recently with the Moleskin’s listing in Milan, will continue with further offerings in Germany in the second quarter, according to Goldman Sachs.
European shares closed in positive territory Tuesday, lifted by data showing continued gradual improvement in the U.S. economy, but worries over Cyprus kept a lid on gains.
European shares finished lower Monday, after comments from the head of the Eurogroup who said a Cyprus bailout deal could be a new template for resolving euro zone banking problems.
It appears the fight is no longer about whether both of Cyprus large banks will get smaller — they will. The only question is how. Bankers, politicians, and bureaucrats are throwing around all kinds of bank restructuring phrases.
European shares ended mixed in choppy trading Friday as Cyprus scrambled to avoid a meltdown of its banking system and a possible exit from the euro.
European shares closed lower on Thursday amid a selloff spurred by concerns over a banking collapse in Cyprus.
The Cyprus bailout chaos serves as a stark reminder that fundamental issues in the world economy are not yet fixed, said CEO of Standard Chartered Bank Peter Sands.
European shares pared their earlier gains to close narrowly mixed Wednesday as investors watched to see if Russia will extend or increase its loan agreement for struggling Cyprus.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
The handling of the Cyprus bailout threatens to derail all the hard work that has gone into boosting sentiment in the euro zone, said analysts.
European shares closed off their sessions lows on Monday, bouncing back from sharp falls in the first day of trade since a surprise bailout plan for Cyprus that includes a levy on savers was announced.
European shares closed lower on Friday as as investors booked gains after a 10-day global rally.
European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.