France unveiled a long-awaited bank reform, hailing it as a model for the rest of Europe even as critics said it fell short of President Francois Hollande's campaign pledge to get tough with the financial sector.
The government is prepared to delay its flagship welfare reform amid fears the complex changes may need to be more thoroughly tested before being extended to all benefit claimants, the Financial Times has learnt.
The Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) rose to a 15-month high of 51.4 in December from an upwardly revised 49.2 in November - a far stronger increase than any predicted in a Reuters poll of 24 economists.
This year risks being a "groundhog year" for the U.K.'s embattled economy as it threatens to repeat much of 2012's gloom, according to an influential think tank.
The much-maligned peripheral economies of the euro zone are showing some encouraging signs, leading to talk of a revaluation which would have seemed optimistic for most of last year.
Ireland will be the poster child of austerity success and will emerge from economic ruin to achieve strong growth and job creation, the country's deputy prime minister told CNBC.
The financial industry should not go “overboard” in cutting costs in reaction to current market conditions, the chief executive of Goldman Sachs has warned, a day before the bank is poised to announce one of its smallest ever groups of new partners. The FT reports.
Stephen Davies, CEO, Javelin Wealth Management outlines why despite a change in government, not much else will change in the world's third-largest economy.
Bank of Canada Governor Mark Carney will get a 250,000 pound ($406,000) annual housing allowance when he starts as governor of the Bank of England next year, on top of a salary of 624,000 pounds, the BoE said on Wednesday.
Kit Juckes, global head of foreign exchange strategy at Societe Generale, tells CNBC that the gap between Europe and the United States has never been greater.
The second-largest shareholder of U.K. soccer team Arsenal has told CNBC that he is ready to do all he can to help the team and is ready to take control of the club and buy the remaining shares.
The outcome of last week’s euro zone summit meeting is not quite as positive as the immediate equity market reaction suggested. For a comprehensive dissection read this week’s Economist, which lays out in stark terms what further work is needed from euro zone leaders.
Bargain-hunting and talk of a financial aid deal for Greece pushed European shares into a positive close, despite gloomy German data and negative corporate news.
The chief executive of the world's largest container shipping company Moeller-Maersk told CNBC that the company would not order any new ships this year.
Samsung has become the "undisputed king" of the Android smartphone industry, creating more profit from the software than Google, according to research.