The U.S. Treasury Secretary is urging Greece to reach a deal with its creditors, warning that a default would damage the world economy.» Read More
Chinese authorities have visited a site operated by Danish drugmaker Novo Nordisk, the latest evidence of a widening investigation into Western drugmakers.
Investors should brace for a sell-off in U.K. government bonds, known as Gilts, after the Bank of England inadvertently brought forward expectations of an interest rate hike, according to analysts.
Shares in Deutsche Telekom shot up on Thursday after the company grew its customer base in the U.S. - where it owns T-Mobile – substantially more than expected.
Commerzbank Chief Financial Officer Stephan Engels said the default of Detroit had dented second-quarter earnings, adding that the lender had made "adequate" provisions.
Sales of European non-investment grade debt to the U.S. have hit a record high this year, despite the continued issues in the euro zone. There are several key reasons why this is happening.
Underlying sales at Nestle grew 4.1 percent in the first half, missing forecasts and lagging growth of rivals Danone and Unilever, as price erosion continued in Europe.
Global miner Rio Tinto signaled it has given up hope of ditching its Pacific Aluminium business, as it reported an 18 percent drop in first-half underlying earnings.
A bumper week of economic data for Germany, coupled with a confirmation of its AAA rating, has boosted hopes that its recovery is gaining traction.
Bank of England governor Mark Carney followed in the Federal Reserve's footsteps on Wednesday by linking the interest rate outlook to unemployment, but experts are unconvinced of the advantages of his new plans.
Just over a year since she left France's presidential residence, Carla Bruni-Sarkozy told CNBC she doesn't miss being the country's first lady.
Tax breaks are succeeding in luring top Hollywood filmmakers to Britain, according to the director of the British Film Institute's Film Fund, who argued the country's economy benefitted as a result.
Italy’s longest post-war recession appears to be drawing to a close, with economists predicting that its GDP will finally return to growth in the last quarter of 2013.
For the first time in France, fast food overtook traditional restaurant receipts as the economic crisis deepened, and the share of people who pack a lunch for work is rising faster by the year.
Insurer Old Mutual reported a 14 percent rise in operating profit for the first half of 2013 on Wednesday in line with analyst forecasts, helped by a strong performance in rocky emerging markets as well as the United States.
Dutch financial group ING beat second-quarter profit forecasts at its main banking business and said it was looking at further possible cost savings.
U.K. job placements surged in July, according to a new report by KPMG, a day after the Bank of England said it would keep interest rates at record lows until unemployment falls.
Plans by Abercrombie & Fitch to open a children's store on London's Savile Row have come under fire from tailors determined to keep the historic street free of chain stores.
There are some early signs that Europe may be bottoming.
Pope Francis has made several critical comments on world economic issues. Analysts say he's issuing a warning over the future of free market thinking.
Italy's largest bank posted better-than-expected net profit on Tuesday, despite setting aside 1.7 billion euros ($2.3 billion) to cover losses on bad loans.
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Masood Ahmed, director of Middle East and Central Asia at the IMF, says that the IMF has two roles to play with Egypt, one of which is to provide dialogue and the other is to provide financial support.
Masood Ahmed, director of Middle East and Central Asia at the IMF, says that Egypt has made a lot of improvements regarding energy subsidies and broader reforms, but still has "a long way to go."
Peter Rosenstreich, chief FX analyst at Swissquote Bank, says the negotiations between creditors and Greece may not end well.