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  • European Markets Close Higher     Wednesday, 15 May 2013 | 11:30 AM ET

    Louisa Bojesen takes you through the European market close where stocks have ended higher.

  • Cyprus Shows Urgent Need for Banking Union: S&P Wednesday, 15 May 2013 | 10:22 AM ET

    The raid on Cypriot bank deposits emphasizes the need for a region-wide banking union, Standard & Poor's (S&P) warned on Wednesday.

  • CEO of SocGen Russia Detained Over Suspected Bribe Wednesday, 15 May 2013 | 6:13 AM ET

    The chief executive of French bank Societe Generale's Russian unit, Rosbank, has been detained on suspicion of receiving illegal payments, Russia's Interior Ministry said on Wednesday.

  • Germany in 'Stagnation,' Top Merkel Advisor Warns Wednesday, 15 May 2013 | 5:53 AM ET

    Germany's economic data are concerning because they show "de-facto stagnation," one of Angela Merkel's top economic advisors and one of the country's five "wise men" has warned.

  • Bank of England Offers Ray of Hope for UK Economy Wednesday, 15 May 2013 | 5:33 AM ET

    The Bank of England bucked the trend of its recent forecasts on Wednesday by modestly upgrading its growth outlook and penciling in a faster fall in inflation.

  • Euro Zone Economy in Longest Ever Recession Wednesday, 15 May 2013 | 5:00 AM ET

    The euro zone's economy contracted for the sixth straight quarter at the start of this year, marking its longest recession on records dating back to 1995.

  • David Owen, chief European economist at Jefferies International, tells CNBC people are going to have to look again at their 2013 forecasts overall as recession in the euro zone shows no sign of abating.

  • Twenty Four Percent Jump in Q1 Profit     Wednesday, 15 May 2013 | 5:00 AM ET

    Dieter Wemmer, CFO of Europe¿s largest insurer, Allianz SE, tells CNBC that the company has drafted a their business model well to succeed in a low growth European environment.

  • Man Who Coined 'Grexit' Says Not Much Has Changed Wednesday, 15 May 2013 | 4:52 AM ET

    The man who coined the term "Grexit" said the risks of a Greek exit from the euro zone have not gone away, despite the country having its credit rating upgraded on Tuesday.

  • Peter Bofinger, economist from the German Council of Economic Experts, tells CNBC that he is concerned that the worst of the euro zone crisis is not over and it is spreading to the core.

  • UK Jobless Claimant Count Falls Sharply in April Wednesday, 15 May 2013 | 4:41 AM ET
    A job seeker (R) shakes hands with a recruiter.

    The number of Britons claiming unemployment benefit fell much more than expected in April, official data showed on Wednesday.

  • Markets 'Glass Half Full' on Weak European GDP Wednesday, 15 May 2013 | 4:40 AM ET

    European shares were mixed on Wednesday despite France's fall into recession and Germany's worse- than-forecast growth figure, with analysts seeing the data as a "glass half full" scenario for markets.

  • UK's Poundland Chain to Cut Prices to 97 Pence Wednesday, 15 May 2013 | 4:34 AM ET

    U.K. pound shop chain Poundland said on Tuesday that it planned to cut its prices to 97 pence in some stores in an attempt to undercut rivals.

  • Daniele Antonucci, senior European economist at Morgan Stanley, tells CNBC there is the perception of a policy backstop in the euro zone, which enables a search for yield despite poor macro data.

  • Le Big Debate: French Triple-Dip? Wednesday, 15 May 2013 | 4:05 AM ET

    France slipped into recession in the first quarter of 2013 but there was confusion over whether it was the country's second or third recession in the last five years.

  • Europe’s IPO Market Is Back on Track: LSE Wednesday, 15 May 2013 | 3:58 AM ET
    Xavier Rolet, the Chief Executive of the London Stock Exchange

    Activity in Europe's initial public offering market is picking up and will drive economic recovery across the region, the CEO of the London Stock Exchange told CNBC.

  • Is a 'Grexit' Still on the Cards?     Wednesday, 15 May 2013 | 3:30 AM ET

    Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.

  • EasyJet First Half Improves as Britons Flee Cold Winter Wednesday, 15 May 2013 | 3:20 AM ET

    Low-cost airline easyJet halved its losses in the first half, helped by Easter falling earlier and customers escaping cold weather in Britain and Northern Europe.

  • European Market Opens Lower     Wednesday, 15 May 2013 | 3:00 AM ET

    European shares opened lower on Wednesday as preliminary growth data from the euro zone missed estimates and curbed investor sentiment.

  • Are Stocks More Attractive in Europe Than in US?     Wednesday, 15 May 2013 | 3:00 AM ET

    Giordano Lombardo of Pioneer Investments explains why he is now underweight on US equities and advises looking at Europe for value.

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