First quarter economic growth in Russia slowed and Moscow's economy minister is attributing it to uncertainty over the Ukraine crisis.» Read More
Rosneft is seeking to borrow $30 billion from China, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.
A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.
Inflation in the U.K. will remain above target for the next two years, Bank of England governor Mervyn King warned on Wednesday, but tightening monetary policy was not the solution as it could push the economy deeper into recession.
CNBC's Kelly Evans reports European shares were mixed in morning trade, as investors digested a series of earnings news, and focused on currency wars.
The Swiss government is taking steps to try to stop a housing market boom running out of control, announcing on Wednesday it will demand banks hold additional capital to dampen mortgage activity.
Italy successfully sold its first 30-year bond in nearly two years at an auction on Wednesday, shrugging off concerns about the outcome of a general election on Feb. 24-25.
Output at euro zone factories rose for the first time since August last year.
Jean-Guy Carrier, secretary general of the International Chamber of Commerce, tells CNBC that he has seen a clear increase in market confidence over the past six months and expects that to continue.
Iranian oil output will likely fall further from its lowest in three decades as the West tightens sanctions on the Islamic Republic, depriving Tehran of hard currency revenues, the International Energy Agency (IEA) said on Wednesday.
Karen Cho takes you through the European Market open, where stocks are looking a little bit firmer.
John Haynes, head of research at Investec Wealth & Investment, tells CNBC there is a tension between those who want to take money off the table and others who think they need to stick with the rally a bit longer.
Heineken, the world's third largest brewer, reported higher than expected 2012 profit on Wednesday on the back of sharply higher earnings from Africa and the Americas and forecast higher revenue this year.
Jean Francois van Boxmeer, CEO of Heineken, tells CNBC that the importance of Europe is declining for Heineken and they have been increasing their footprint in Asia, Latin America and Africa.
French bank Societe Generale has named a new chief financial officer and reshuffled its management team after swinging to a loss in the fourth quarter on the back of a weak euro zone economy and one-off charges.
As tension over exchange rates grows and central bankers across the globe try to cool talk of a "currency war", Russia on Wednesday denied it was manipulating its currency.
Dutch banking and insurance group, ING reported fourth-quarter net profit that missed expectations on Wednesday but the company's Chief Financial Officer told CNBC it would implement major cuts to save 1 billion euros in operating costs per year.
A BofE pledge to help London become a global trading center for China's yuan has stirred talk of a revival in the city's fortunes, similar to the explosion of the U.S. dollar market in the 1960s and 70s.
Patrick Flynn, CFO of ING Group, tells CNBC that the group saw a solid result in the background of a difficult European environment.
CNBC's Simon Hobbs reports European shares staged a turnaround, as bank stocks closed higher.
European Central Bank chief Mario Draghi said exchange rates are as important for growth as for price stability.
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The hemp industry could become one of the U.S.'s biggest now its industrial use had been legalized, says Doug Fine, author of "Hemp Bound".
Edmund Shing, global equity portfolio manager at BCS Financial Group, explains why despite positive data, the U.K. economy remains "rather fragile", and discusses top stock picks.
European shares closed higher on Wednesday, as better-than-expected Chinese growth data and a slew of earnings releases buoyed sentiment.