Emerging Asian markets may sell off once tapering begins, but with declining risks and better pricing, it may be a chance to buy, analysts said.» Read More
As economists warned of the devastating impact the bailout would have on the Cypriot economy, ordinary Cypriots attempted to come to terms with a new reality.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
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.
Societe Generale's Albert Edwards once again dismissed U.S. equities as overvalued, while calling on investors to hurry if they want to find good value European stocks.
When Venezuela announced a surprise devaluation last Friday, some big companies took hits to earnings. Could they have been better prepared?
BNP Paribas will seek to expand in Asia and the United States as Europe shows signs of a "low growth scenario" this year, Jean-Laurent Bonnafe, chief executive of BNP Paribas, told CNBC.
U.S. stock index futures held their gains Wednesday following a pair of economic reports, a day after the Dow and S&P 500 closed at multi-year highs.
French bank Societe Generale has named a new chief financial officer and reshuffled its management team after swinging to a loss in the fourth quarter on the back of a weak euro zone economy and one-off charges.
Frederic Oudea, CEO of Societe Generale, tells CNBC that the bank has restructured, re-focused and finished deleveraging with the capacity to generate revenues intact.
The heads of France's top three banks will face questions on Wednesday from a parliamentary committee looking into proposed reforms designed to curb risky trading and beef up regulatory oversight.
For a man who has emerged as the Justice Department's great white whale in its insider trading investigation, Steven A. Cohen, the billionaire owner of the hedge fund SAC Capital Advisors, does not appear concerned.
European shares inched higher on Wednesday, with a key index moving back towards a near two-year high hit recently.
With billions of dollars' worth of distressed assets in its banks waiting to be snapped up by more intrepid investors, Europe is one of the "largest emerging markets" in the world, according to the chief executive of global private equity firm The Carlyle Group.
European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities.
A hard landing in China could mean a growth rate of 3 percent, Societe Generale's Stephen Gallagher says.
Banks and financial institutions are leading the pack of borrowers that have rushed to the U.S. debt markets at the start of the year. The FT reports.
European shares surrendered their gains on Tuesday afternoon and turned slightly negative, tracking losses on Wall Street.
Europe's largest financial institutions, which have been readjusting since the onset of the 2008 financial crash and the sovereign debt crisis that followed, are causing pain all over the globe that will have long term implications, according to analysts. They argue that the situation will only worsen without the proposed European banking union.
France unveiled a long-awaited bank reform, hailing it as a model for the rest of Europe even as critics said it fell short of President Francois Hollande's campaign pledge to get tough with the financial sector.