Mark Reilly, former chief of GSK in China, will be deported from the country, avoiding jail time there in a corruption scandal, sources say.» Read More
Barclays needs to further rein in pay for top staff if it wants to repair its reputation, a report commissioned by the bank said on Wednesday.
CNBC's Kelly Evans reports European shares are trading lower on Wednesday as political uncertainty in Italy continues to shake stocks.
The rate of consumer price inflation in the 17 countries using the euro fell to an annual rate of 1.7 percent in March. It could provide a rationale for an interest rate cut when central bankers meet on Thursday.
The death of Laiki, also known as Cyprus Popular Bank, was brutal. Board members said they had fought to the bitter end.
U.K.'s Liverpool Football Club may not be enjoying the success it has become accustomed to but Ian Ayre, the club's managing director told CNBC that U.S. owners Fenway Sports respect the club's history and are in it to invest for the long term.
Steen Jakobsen, chief economist & CIO at Saxo Bank, tells CNBC why he likes the Nikkei better than many European markets.
The chief executive of upmarket notebook maker Moleskine told CNBC that the company was robust enough to withstand political instability in Italy and the digital age as it launched its initial public offering (IPO) on Wednesday.
Cyprus president Nicos Anastasiades has urged judges looking into the country's banking disaster to examine transactions handled by his family law firm as "a priority" in a bid to defuse public anger, the FT reports
Queen Elizabeth II has received a 5 million-pound ($7.6 million) boost in annual funds the British monarch receives from taxpayers to carry out official duties.
Rich Chinese tourists are now looking to spend their mega bucks closer home, choosing Hong Kong and Singapore over London and New York to get their luxury fix, according to an HSBC report.
European shares opened lower on Wednesday as Italy's political impasse continues to shake markets.
Zachary Latif, managing director, TLG Capital Investments, explains to CNBC why he is short on peripheral banks but long on the sovereign side.
Tom Rogers, Senior Economic Adviser to the Ernst & Young says the overall funding environment for Europe's banks should recover in the second half of 2013 and will support the region's recovery.
European shares closed higher on Tuesday, led by the telecoms sector, which was boosted by new reports that Vodafone, the world's second largest mobile operator, could be bought.
Events like those in Cyprus will happen in more countries all over the world, said Marc Faber, contrarian investor and publisher of the Gloom, Boom & Doom Report.
Christian Gattiker, global investment strategist and head of research at Julius Bar, tells CNBC that investors should 'hang in there' as the European markets might still have a little to run.
Cyprus's finance minister resigned on Tuesday after concluding a 10 billion euro bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses.
Italy's center-left leader Pier Luigi Bersani said on Tuesday his bid to form a government after last month's deadlocked election was over, after his failure to gather enough support.
Marie Diron, chief economic advisor at Ernst & Young, tells CNBC that 2013 will see the banks hit the bottom and set out their stall for a genuine recovery and return to growth in 2014 and beyond.
Tom Levinson, foreign exchange strategist at ICAP, and Alan Higgins, chief investment officer at Coutts, tell CNBC why the euro has a negative outlook but the investor outlook is surprisingly positive.
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Todd Horwitz, author and founder of Averagejoeoptions.com, says the U.S. equity market is "very close to a top" and could start to see some selling pressure.
Josef Schuster, founder of IPOX Schuster, and Jeffrey Dachis, CEO and co-founder of Razorfish, discuss the Alibaba IPO and whether the group will be able to continue to grow as it has so far.
Donald Luskin, CIO at Trend Macro, says the Fed's latest statement implies the bank "will be easy forever" and that the Alibaba IPO suggests that it might be time for correction.