Shares in troubled Portuguese lender Banco Espirito Santo slumped 50 percent on Thursday, after trading in the stock resumed following poor results.» Read More
UBS shareholder Knight Vinke Asset Management has called for a separation of its wealth management division from its investment banking division, which it claims has tarnished its reputation and damaged client trust.
The Harvard economists have responded once again to the ongoing contentious debate over whether tough austerity measures are helpful or harmful.
Italy's new Prime Minister Enrico Letta won French backing on Wednesday for calls to spur economic growth alongside budget rigor.
Michala Marcussen, global head of economics at Société Générale, tells CNBC that regardless of an ECB rate cut it would not alter her growth forecast.
The ECB is widely expected to cut its main interest rate today, the first time in ten months. Julia Chatterley and Geoff Cutmore report from the ECB meeting place in the capital of Slovakia.
Christian Schulz, Senior Economist at Berenberg Bank expects the Euro Zone economy to stabilize in next few months. He says there's a 60% chance the ECB will reduce the refi rate by 25bps either at the May or June meeting.
David Greene, Senior Corp FX Dealer at Western Union Business Solutions thinks the ECB will hold rates at the May meeting because there's not enough pressure within the ECB board to do so.
Nick Verdi, Director, FX Strategy Asia Pacific ex-Japan at Barclays predicts that the ECB will cut interest rates, and tells CNBC's Cash Flow how to play the euro in the wake of that.
With reassurances that the Fed will keep on easing, markets turn their attention to the European Central Bank Thursday, hoping for a rate cut.
The ING US IPO priced at $19.50, below the expected range of $21 to $24 a share.
If you’re one of those glass half full kinds of people, you might want to consider this stock.
The Fed upped its language today on fiscal restraint, saying it's holding back the recovery, with CNBC's Steve Liesman & Larry Kudlow.
Foreigners now hold a record of more than $13 trillion in American securities as the U.S. seeks to assert itself as the safest port in troubled global waters.
CNBC's Simon Hobbs reports on what moved Europe's markets today.
The U.K.'s FTSE 100 Index closed off its session highs on Wednesday, after worse-than-expected employment data was released in the U.S. Trade was thin, with most European bourses shut for the May Day public holiday.
Julian Callow, chief international economist at Barclays, expects the ECB to cut its rate and says more needs to be done on the growth front in Europe, as it remains a "zombie economy".
As labor movement protests take place across Europe to mark the May Day public holiday, U.K. former prime minister Tony Blair warned that the situation in Europe is "very fragile."
U.S. and European companies are re-focusing on growth, said U.K. bank HSBC, whose analysts forecast the awakening will be positive for stock markets.
The European Central Bank (ECB) and its board members are gathering in the Slovakian capital of Bratislava for what could be one of the most interesting ECB meetings in some time.
CNBC's Ross Westgate reports U.K. shares moved higher on positive manufacturing data; while most European markets remained closed for the May Day public holiday.
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Jean-Pierre Camadieu, chairman & CEO of Solvay, describes Brazil as the "weak point" for the company and says more M&A activity is on the way.
Henri Proglio, CEO of EDF, says he is very confident that the group will beat expectations in 2014.
European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.