"One of the many questions that remain is whether this is a 'Lehman' moment or not," asks a hedge fund manager.» Read More
So far, sanctions are a slap on the wrist, but losing hard currency from oil and gas sales could put a real pinch on Russia.
Tensions between Russia and Ukraine may have spurred a fund outflow from the region, but some are sensing it's time to pounce on Ukraine's bonds.
A new era for Ukraine has been ushered in with the announcement of an international bailout on Thursday morning.
U.K. regulator Ofgem has called for a full investigation into the country's energy market, to "clear the air" over competition.
U.K. growth weakened in March to an 8-month low, according to research by the CBI, but the outlook for the next quarter was positive.
Hennes & Mauritz, the world's second biggest fashion retailer, reported worse-than-expected first-quarter profits.
Fears of property bubble in the U.K have reached feverish levels after warnings from three pillars of the British establishment.
As regional tensions with Russia rise, Austrian banks risk being caught in the financial and geopolitical crossfire.
Concerns that the crisis in Crimea could hit Russia's economic prospects were raised this week by the World Bank and the country's economy minister.
There are nascent signs the ECB may be considering buying assets in an effort to stump up the euro zone's economy.
Obama tells the EU to take politically difficult steps to develop their own resources tor reduce reliance on Russia.
The U.K. is to set up a renminbi clearing bank in London, as Britain tries to reinforce its position as the central hub for Chinese investment outside of Asia.
Ukraine is raising the price of gas for domestic consumers by more than 50 percent from May 1 and will implement further rises under a fixed timetable until 2018.
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Hedge fund managers are making changes to their funds and preparing for further sanctions against Russia, which they believe could be more severe then what has been enforced to date.
Lufthansa, Germany's largest airline, said it had canceled around 400 flights on Thursday due to a planned strike by public sector workers across the country.
Media and entertainment company Twenty-First Century Fox Inc said its board has appointed Lachlan Murdoch non-executive co-chairman and elevated James Murdoch to the position of co-chief operating officer.
BNP Paribas still plans to build on its presence in emerging Europe, even as it pulls back from Ukraine, the bank's CFO told CNBC.
The first female head of Lloyd’s of London, the insurance market which has been a male bastion for centuries, called her position a “great statement.”
Britain will sell a further 7.5 percent stake in Lloyds Banking Group, worth about 4.2 billion pounds ($6.9 billion).
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Vincent Juvyns, global market strategist at JP Morgan, discusses the situation in Greece ahead of this weekend's bailout referendum.
Philippe Gudin, chief European economist at Barclays, discusses whether international factors such as the Greek debt crisis will impact the timing of a rate rise by the Federal Reserve.