Mark Reilly, former chief of GSK in China, will be deported from the country, avoiding jail time there in a corruption scandal, sources say.» Read More
The ECB has sent a very strong signal that it will keep rates low for an extended period, just weeks after the Fed raised the prospect of tapering its monetary stimulus, said experts.
Snowden should find another country to seek refuge in, says Russian official, signalling Moscow's growing impatience over the former NSA contractor's stay at a Moscow airport.
The past fortnight has been a potentially expensive one for banks on both sides of the Atlantic, with tighter regulations leaving lenders feeling bruised.
Brussels has threatened to suspend two data sharing agreements with the US, due to claims that America's intelligence agencies have been spying on Europe. The Financial Times reports.
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.
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Todd Horwitz, author and founder of Averagejoeoptions.com, says the U.S. equity market is "very close to a top" and could start to see some selling pressure.
Josef Schuster, founder of IPOX Schuster, and Jeffrey Dachis, CEO and co-founder of Razorfish, discuss the Alibaba IPO and whether the group will be able to continue to grow as it has so far.
Donald Luskin, CIO at Trend Macro, says the Fed's latest statement implies the bank "will be easy forever" and that the Alibaba IPO suggests that it might be time for correction.