Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.» Read More
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.
Barclays plans to cut at least 3,700 jobs in 2013 as part of a strategic overhaul aimed at reducing the group's annual costs by 1.7 billion pounds ($2.7 billion) by 2015.
L'Oreal, the world's biggest cosmetics group, said it was open to a strategic acquisition, a day after unveiling results at the top end of expectations and a 500 million euro ($669 million) share buyback.
CNBC's Kelly Evans reports Barclays announced its turnaround plan aimed at reducing the bank's annual costs, which sent the stock up over 4 percent.
Jeff Molitor, CIO Europe at Vanguard, tells CNBC why exchange-traded funds are so useful for investors and why the ETF boom is sustainable.
London's mayor told CNBC the U.K. capital is far more attractive than Silicon Valley as a base for technology companies.
The head of Italian defense group Finmeccanica was arrested in a corruption probe centered on the sale of helicopters to the Indian government.
Karen Cho takes you through the European markets where stocks have opened lower.
Olli Rehn, EU commisioner, tells CNBC that the euro group meeting discussed exchange rate policy and the EU is 'committed to ensuring stable monetary relations'.
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Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.