The proposed banking union for the euro zone took another step forward with the ECB giving further detail of its stress tests.» Read More
Bank of England Governor Mervyn King said on Thursday that the central bank was not seeking any further fall in the level of sterling which now appeared to be fairly valued.
Oleg Deripaska, the CEO of the world's largest aluminum company Rusal said global commodity producers need to cut output by up to 10 percent.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as stocks resume their rally and the EU summit begins.
European markets posted strong gains on Thursday, extending a two-week global stock rally.
Fredrik Reinfeldt, prime minister of Sweden, says there are still countries in Europe in need of austerity because of their huge deficits.
The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.
UBS paid CEO Sergio Ermotti almost $9 million and welcomed its new investment bank chief with a $26 million "golden hello" in 2012.
A dispute over sacking civil servants has stalled talks between Greece and the "troika" of international lenders, delaying disbursement of a €2.8bn aid tranche due amid fears the bailout program is already veering off track. The FT reports.
Leverage created by private equity deals threaten the stability of the financial system, the central bank has warned.
European shares traded higher on Thursday, ahead of a gathering of European Union leaders for a summit in Brussels, reports CNBC's Kelly Evans.
The world's biggest strip club businesses say that business is booming despite the recession, proving that "sex entertainment" still sells despite the global economic downturn. The strip club workers, however, tell a different story.
Steve Sedgwick takes you through the European market open, where stocks have come in higher.
Two-thirds of Italians oppose returning to the ballot boxes after last month's national election left the country in limbo with no dominant political force, according to a poll published on Wednesday.
Greece's biggest lender, National Bank (NBG), said on Wednesday that Canadian investment fund Fairfax Holdings was interested in acquiring a stake in it by taking part in a planned recapitalization.
Economist Andreas Georgiou knew his job would not be easy. It was when he discovered his emails were being hacked and leaked that the real challenge of taming his country's approach to official statistics hit home.
Germany has ignored calls from its euro zone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth. The Financial Times reports.
Nick Verdi, Director of FX Strategy, Asia Pacific, at Barclays says Italy will likely get a Bersani-led coalition and fresh elections at the end of the year. He also explains why the U.S. still looks better than Australia despite its spectacular employment numbers.
Brazil, Russia, India and China have been seen as the collective pillar of emerging market growth. But signs indicate that investors are now looking elsewhere.
The Baltic state of Latvia and the Mediterranean island of Cyprus are both magnets for Russian money.
Bank of England governor Mark Carney says the bank will appoint a new deputy governor to conduct a "root and branch review" of how the central bank conducts "market intelligence".
Bank of England governor Mark Carney tells an influential committee of British parliament members that there was no information to suggest any Bank of England officials colluded or condoned any currency market manipulation. manipulation.
Mark Cahill, regional managing director of ManpowerGroup EMEA, says the worst hit countries in Europe have shown positive hiring intentions for 2014.