Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle bribery charges with the U.S. Justice Department.» Read More
After decades of pursuing trade with western Europe, Finland is becoming dependent on Russia again as that country's burgeoning middle class and wealthy investors provide opportunities for growth lacking in recession-hit Europe.
Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008.
One year on from Manchester United's controversial listing, success on the soccer pitch has helped the club's shares soar, analysts told CNBC.
Bidding for a struggling Dutch telecoms group may seem an odd move for a Mexican billionaire, but Carlos Slim could be placing a long-term bet on an improvement in the European economic climate and in Germany in particular.
The Bank of England's (BoE) forward guidance marks a divergence in policy from the U.S. Federal Reserve - a rare event in economic history which points to "pronounced" sterling weakness.
There might be cause for celebration in the euro zone next week, with analysts expecting official figures to show its economy grew for the first time since 2011 in the second quarter.
Mexican billionaire Carlos Slim's America Movil has made a 7.2 billion euro ($9.6 billion) bid for the shares in Dutch telecoms group KPN it does not already own, challenging an offer for KPN's German business.
U.S. President Barack Obama comforted the embattled Greek population by hinting that the austerity drive may be tempered with other ways of restoring the economy to health.
Richard Fisher, the president of the Dallas Federal Reserve, is most worried over the euro zone's second-largest economy, rather than its periphery.
Forget subliminal messaging or party political broadcasts; for the next two weeks, over 20,000 of the U.K.'s billboards will be home to works of art.
The likelihood of the U.K. exiting the European Union (EU) currently stands at 50 percent, with the next flashpoint in May next year, according to new research.
A social network website has launched a $46,500 crowdfunding drive to finance an online sportswear line, in the hope of taking on the $250 billion sportswear industry.
Silvio Berlusconi's conviction for tax fraud has fueled speculation that his eldest daughter Marina could take his place as leader of the center-right in Italy.
Chinese authorities have visited a site operated by Danish drugmaker Novo Nordisk, the latest evidence of a widening investigation into Western drugmakers.
Investors should brace for a sell-off in U.K. government bonds, known as Gilts, after the Bank of England inadvertently brought forward expectations of an interest rate hike, according to analysts.
Shares in Deutsche Telekom shot up on Thursday after the company grew its customer base in the U.S. - where it owns T-Mobile – substantially more than expected.
Commerzbank Chief Financial Officer Stephan Engels said the default of Detroit had dented second-quarter earnings, adding that the lender had made "adequate" provisions.
Sales of European non-investment grade debt to the U.S. have hit a record high this year, despite the continued issues in the euro zone. There are several key reasons why this is happening.
Underlying sales at Nestle grew 4.1 percent in the first half, missing forecasts and lagging growth of rivals Danone and Unilever, as price erosion continued in Europe.
Global miner Rio Tinto signaled it has given up hope of ditching its Pacific Aluminium business, as it reported an 18 percent drop in first-half underlying earnings.
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Steve Pollard of Marex Spectron says coffee shipments from Brazil have been higher than expected, due to previous years' surpluses.
Every time the oil price looks positive or stable "out comes something negative," says Richard Mallinson, analyst at Energy Aspects.
Russia has been dominating the news recently and its economy is not looking good. Anastasia Nesvetailova, director at City University's political economy research centre explains more.