By: Reported by Julia Chatterley, written by Holly Ellyatt
Wednesday, 22 May 2013 | 4:27 AM ET
Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.
David Tepper, president & founder, Appaloosa Management, says the question you have to ask is what happens with the Fed when the unemployment rate comes down. They'll keep doing what they're doing till that happens, he adds.
The practice of short selling, betting that stock will fall to profit from the decline, has declined, according to research firm Markit, and this trend is much more pronounced in Europe than it is in the U.S.
Steve Goldman, Managing Director, Kapstream Capital remains optimistic on corporate bonds. Speaking of Europe, he says that ECB action has helped reduce tail risks, leaving a benign environment for EU bonds.
Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely.
The French actor, accused by French government leaders of being "pathetic" and unpatriotic in trying to dodge taxes by buying a house over the border in Belgium, has hit back at politicians.
France's Constitutional Council said on Saturday it was overturning a 75 percent upper tax rate on income above 1 million euros ($1.32 million) due to be introduced in 2013 by the seven-month-old Socialist government.
Markets across Europe close mostly lower on "fiscal cliff" concerns, and CNBC's Michelle Caruso-Cabrera reports Mario Monti is expected to make an announcement this week on whether he intends to run for Prime Minister.
Elections, the economy and a looming debt crisis in the U.S. and Europe dominated headlines in 2012. What will take center stage in 2013? Washington Post's Ezra Klein and Yahoo! Finance's Mike Santoli make their predictions on what's ahead for Washington, Wall Street and around the world.
Valentijn Van Nieuwenhuijzen, head of strategy at ING Investment Management, tells CNBC that Europe¿s periphery is relatively constructive with yields continuing to fall.
CNBC's Kelly Evans reports on all the market moving events from Europe, as stocks lose ground and hope fades there will be additional monetary easing in Japan and a "fiscal cliff" deal reached in the U.S.
The UBS Libor settlement swings the spotlight on to the role of interdealer brokers in the burgeoning scandal, alleging that employees at these institutions actively "colluded" with rate-fixing efforts.
European shares closed higher on Wednesday, mirroring gains in the U.S. after Federal Reserve Chairman Ben Bernanke reiterated his commitment to maintaining loose monetary policy.
David Cameron, British prime minister, tells CNBC ahead of the EU Summit on tax fraud that he 'believes in low taxes for businesses' and highlights that international cooperation is crucial to tackle tax evasion.