The European Union could ban gas exports and limit industrial use as part of emergency measures to protect household energy supplies this winter.» Read More
Portugal's prime minister has found a way to maintain government stability with the junior partner in the ruling coalition, but the full details still need to be hashed out.
Rupert Murdoch belittled a British police inquiry into bribes allegedly paid by his journalists in a secret recording made by his staff, in sharp contrast to the profuse public apologies he made to defuse anger at news gathering practices.
In a prescient piece of research just hours before the ECB said it would keep rates low for an extended period of time, Goldman Sachs said the ECB could launch fresh monetary easing measures within months.
The ongoing political turmoil in Portugal has raised fears the country will have to hold new elections. But the country's former Prime Minister Pedro Santana Lopes has told CNBC that new polls won't change anything.
London is set to become an international haven for U.S. burger lovers as two of the country's popular chains open stores in the U.K. capital.
European asset managers breathed a sigh of relief on Wednesday as Brussels ditched plans to impose a remuneration cap on fund managers.
President Barack Obama sought to allay concerns from German Chancellor Angela Merkel about reported U.S. spying on European allies and agreed to a meeting.
As Greece looks set to miss a key reform deadline set by international lenders, a Greek government minister said it wasn't Greece's fault that it couldn't live up to the demands of a flawed bailout program.
The euro fell to a five week low against the dollar as European Central Bank President Mario Draghi said key rates would remain at present or lower levels for an "extended period of time."
Egypt's benchmark stock exchange surged on Thursday and oil prices eased on relief after the ouster of Mohammed Morsi as Egypt's president didn't result in large-scale violence as some had feared.
The Bank of England kept its main interest rate unchanged on Thursday but warned that rising bond yields would weigh on its current outlook for growth, which led to a sharp weakening of the sterling against the dollar.
Concerns that a political crisis in Egypt could disrupt oil supplies from the Middle East could boost crude a further $4 to $5 a barrel if violence continues, analysts say.
A Turkish court has cancelled an Istanbul building project backed by Prime Minister Tayyip Erdogan which provided the trigger for nationwide anti-government demonstrations last month, a copy of the court decision showed.
Renewed uncertainty in the euro zone may have put the euro under pressure, but analysts say it's the ECB meeting, not developments in Portugal, that pose a bigger risk to the euro.
Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators, even as the U.K. banking giant tries to fend off pressure to meet stricter capital requirements.
A senior London bank executive was arrested on Wednesday on suspicion of tax fraud, according to the tax authority. The Financial Times reports.
Portugal's Prime Minister Pedro Passos Coelho said he was confident of overcoming the political problems and would not resign after the country's stock market tumbled and bond yields spiked.
The longer Russia can keep perpetuating the Snowden confusion, the better for them.
The European Central Bank, eyeing tentative signs of euro zone economic recovery, is expected to eschew an major decisions on Thursday and keep its easy-money policy in place.
Latvia is set to join the euro, after the European Parliament voted in favor of its inclusion in the single currency zone.
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Jane Foley, senior currency strategist at Rabobank, discusses sterling following the U.K.'s weak manufacturing data and discusses the outlook for the currency.
Nina Schick, analyst at Open Europe, comments on the appointment of Donald Tusk as European Council president and the potential for France's Pierre Moscovici to become commissioner for economic affairs.
Bob Parker, senior advisor at Credit Suisse, says that as the theme for the rest of the year will be diverging economic performance between U.S., Europe and Japan, we should go long on the dollar.