UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $280 million charge to help settle litigation in Germany.» Read More
Two-thirds of Italians oppose returning to the ballot boxes after last month's national election left the country in limbo with no dominant political force, according to a poll published on Wednesday.
Greece's biggest lender, National Bank (NBG), said on Wednesday that Canadian investment fund Fairfax Holdings was interested in acquiring a stake in it by taking part in a planned recapitalization.
Economist Andreas Georgiou knew his job would not be easy. It was when he discovered his emails were being hacked and leaked that the real challenge of taming his country's approach to official statistics hit home.
Germany has ignored calls from its euro zone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth. The Financial Times reports.
Nick Verdi, Director of FX Strategy, Asia Pacific, at Barclays says Italy will likely get a Bersani-led coalition and fresh elections at the end of the year. He also explains why the U.S. still looks better than Australia despite its spectacular employment numbers.
Brazil, Russia, India and China have been seen as the collective pillar of emerging market growth. But signs indicate that investors are now looking elsewhere.
The Baltic state of Latvia and the Mediterranean island of Cyprus are both magnets for Russian money.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a look at the Italian bond auction.
Ireland returned to the capital markets with a splash on Wednesday, launching its first benchmark bond since the country's controversial bailout by the European Union.
The European Parliament voted to reject a deal reached by EU leaders on the bloc's next seven-year budget unless significant changes are made to the 960 billion euro plan.
Italy's three-year borrowing costs rose to their highest since December on Wednesday after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.
Nigeria doesn't seem like a very safe bet for investors. But the country still offers investors several opportunities, especially in the banking and consumer goods sectors.
Output at euro zone factories fell more than expected at the start of 2013 and production in France and Germany slipped in the latest sign the bloc is struggling to emerge from recession.
As calls grow for Germany to have more control over the European Central Bank, banker Jens Weidmann played down calls for it to have more voting power.
CNBC's Kelly Evans reports global markets paused for a breath after hitting multi-year highs in recent days.
The euro zone's 17 finance ministers will meet on Friday to discuss a financial bailout of Cyprus, signalling growing momentum for a deal.
Chad Morganlander, portfolio manager, Stifel Nicolaus, expects the transition from the liquidity-driven stock market rally into an economic and earnings story will be difficult due to continued trouble in Europe.
Allegra Perry, luxury research managing director at Cantor Fitzgerald, tells CNBC that the fall in Inditex's share price is a small correction but she expects their growth figures to remain solid.
The U.K.'s blue-chip index has soared 10 percent so far this year. Goldman Sachs says there's more to come.
Get the best of CNBC in your inbox
CNBC's Hadley Gamble reports on the latest developments in the Israel-Gaza conflict after the latest ceasefire failed and fighting resumed.
Dan Scott, vice president of investment strategy and research at Credit Suisse, says there is a need for consolidation in the European telecoms sector.
Sergio Ermotti, CEO of UBS, says the Swiss bank's business model is working in "tough market conditions" as it posted a second-quarter net profit of 792 million Swiss francs ($875 million).