European equities closed sharply lower on Tuesday after disappointing data from the euro zone and increased concerns about tapering.» Read More
German lender Commerzbank will shed more than 5,000 jobs as part of its cost cutting program, a person familiar with the negotiations told Reuters on Tuesday.
LONDON, June 17- Brent crude oil rose above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
The yen rose against the U.S. dollar on Friday for a fourth straight day as investors unwound bets against the Japanese currency due to uncertainty surrounding central banks.
European shares were higher in early afternoon trade on Wednesday despite preliminary growth data from the euro zone missing estimates.
Commerzbank is offering shares at a deep discount in a 2.5 billion euro ($3.3 billion) capital increase aimed at repaying funds it owes to the German government and insurer Allianz.
Stocks finished near their best levels Tuesday, with the S&P 500 extending its recent rally to a fresh high and the Dow closing above the 15,000 milestone for the first time.
European shares closed higher following some better-than-expected earnings reports, and upbeat manufacturing data from German.
Germany joins the U.S. at an historic high. France, Portugal and Japan also log good numbers as stocks continue to win in the hunt for yield.
U.S. stock market index futures signaled a higher open on Tuesday, as shares in Europe and Japan rallied on upbeat bank earnings and a weak yen, respectively.
European shares closed higher on Friday, helped by a rally in mining stocks and better-than-expected output from Anglo American.
Barclays steeply cut its oil price forecasts on Wednesday, becoming the last of the big banks active in commodities to abandon its bullish stance.
Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
Nearly three years after Britain's Conservative-led government vowed to restore the country to financial health, the economy looks stuck in a rut and could already be in its third recession since 2008.
Commerzbank, Germany's second-biggest lender, said it would set aside slightly more money for bad loans this year as the economic environment deteriorates.
Commerzbank, Germany's No. 2 bank, posted a larger-than-expected quarterly loss after a cut in its medium-term profit forecasts had a damaging effect on its tax accounting.
Eager to dig homeowners out from under a $374 billion mortgage mountain, South Korea is moving to let its banks start selling securities similar to those at the center of the 2007 U.S. housing crisis.
Technology stocks fell to push European shares lower and send Germany's benchmark DAX index to a 2013 low on Tuesday.
European shares finished in negative territory Monday, but financials helped limit losses after global banking regulators announced a watering down of key elements of their plan for banking rules.
Another nail in the coffin of pre-credit crisis bonus culture is set to come with the 2012-13 bonus season.