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  • Hedge fund manager digs deep for luxury basement Wednesday, 21 Aug 2013 | 9:13 PM ET
    London

    Kensington council has demanded a fee of more than £800,000 from a hedge fund manager seeking to build a subterranean extension underneath two London properties. The FT reports.

  • 'Fund manager of decade': Buy European banks Wednesday, 21 Aug 2013 | 4:34 PM ET

    Banks in the euro zone could offer the best returns, says David Herro, Morningstar's international fund manager of the decade.

  • Messaging apps hit gold as 'emojis' head west Wednesday, 21 Aug 2013 | 9:00 AM ET

    Stickers used in messaging applications are delivering healthy revenues for Asian technology firms, and as the craze starts to sweep the Western world, more companies are looking for a slice of the cash.

  • Investors eyeball French pension reform plans Wednesday, 21 Aug 2013 | 8:50 AM ET
    Francois Hollande, France's president speaks to the media as he arrives for the European Leaders summit at the European Council headquarters in Brussels,

    France is under pressure from Brussels and its euro zone neighbors to deliver budget and pension system reforms, in the nation's latest test to show it can become more competitive.

  • ‘Grueling’ bank hours in focus after intern death Wednesday, 21 Aug 2013 | 6:59 AM ET
    Moritz Erhardt, Bank of America intern who died

    The widespread culture of long working hours for banking interns has been criticized after the death of a 21-year-old intern last week, with groups calling for changes to guidelines and working practices.

  • Russia gives Carlsberg a hangover Wednesday, 21 Aug 2013 | 5:59 AM ET
    A Carlsberg advertisement

    After Danish brewer Carlsberg announced disappointing second quarter profits, the company's CEO placed the blame firmly on Russia, where a raft of legislation has heavily regulated the sale of alcohol.

  • Denmark's Vestas replaces embattled CEO Engel Wednesday, 21 Aug 2013 | 4:48 AM ET

    Denmark's Vestas has dismissed Chief Executive Ditlev Engel, who has come under increasing pressure after several profit warnings bruised investor confidence in the company.

  • Germany arrests half-naked intruder on Merkel jet Wednesday, 21 Aug 2013 | 3:37 AM ET

    Germany is probing how a man, high on drugs and wearing only underpants, was able to board German Chancellor Angela Merkel's government jet.

  • Greece back as hot issue in German elections Wednesday, 21 Aug 2013 | 3:35 AM ET

    The opposition hit back at Germany's ruling coalition after the country's finance minister said Athens would need a third bailout.

  • Berlin: Start-ups and software giants come together Wednesday, 21 Aug 2013 | 2:16 AM ET
  • Heineken profits from developing markets surge Wednesday, 21 Aug 2013 | 1:07 AM ET
    Heineken

    Heineken, the world's third largest brewer, reported higher first-half earnings than expected with a surge in profit in developing economies and tight control of costs in mature markets.

  • Why Europe could lose 1.9 million jobs by 2017 Tuesday, 20 Aug 2013 | 12:28 PM ET

    Large firms in Europe are losing over 130,000 jobs each year in IT, finance and other areas, as jobs are increasingly offshored to cheaper locations, according to new report.

  • Merkel criticized over visit to Nazi death camp Tuesday, 20 Aug 2013 | 10:38 AM ET
    German Chancellor Angela Merkel gestures during a press conference in Berlin, Germany, Monday, Sept. 17, 2012. (AP Photo/Michael Sohn)

    Chancellor Angela Merkel was expected to warn Europeans about the dangers of right-wing extremism Tuesday as she visited the former Nazi concentration camp at Dachau - but drew criticism for doing so during an election campaign.

  • Greece needs more aid, German official admits Tuesday, 20 Aug 2013 | 8:59 AM ET

    Germany's finance minister admitted that Greece would need a third aid package, as a source in Athens said the sums involved in any new deal would be smaller than previous rescues.

  • BofA intern dies, worked 3 straight days: Reports Tuesday, 20 Aug 2013 | 8:49 AM ET

    A 21-year-old intern who worked grueling hours at Bank of America's London office died just a week before his internship was to conclude, according to reports.

  • Falling commodity prices crush miner BHP profits Tuesday, 20 Aug 2013 | 8:15 AM ET

    Top global miner BHP Billiton missed forecasts with a 30 percent drop in full-year profits, despite cutting costs in the face of falling commodity prices.

  • Fracking for shale gas hits a raw nerve in Europe Tuesday, 20 Aug 2013 | 6:03 AM ET

    The huge success of drilling for shale gas via "fracking" in the U.S. has led to claims that a new industrial era is dawning. But in Europe, with different planning laws, population density and limited infrastructure, the technology is causing growing controversy.

  • German economy minister warns against tax increases Tuesday, 20 Aug 2013 | 2:27 AM ET

    Germany's priority should be to tackle domestic competitiveness, Philipp Roesler, the economy minister and the leader of Germany's Free Democratic Party told CNBC.

  • Glencore takes $7.7 billion hit on Xstrata assets Tuesday, 20 Aug 2013 | 2:26 AM ET

    Glencore Xstrata wrote down the value of assets inherited from miner Xstrata by $7.7 billion, as it announced a 9 percent drop in core profit.

  • Persimmon CEO sees firm UK house prices Tuesday, 20 Aug 2013 | 2:08 AM ET

    Home builder Persimmon sees good demand and firm prices in the housing industry after revenue jumps 12 percent in the first half of 2013, the chief executive of Persimmon told CNBC.

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