Euro zone inflation fell more than expected in July, according to new figures released on Thursday, sparking renewed fears of deflation.» Read More
Giuseppe Recchi, chairman of Eni SpA, tells CNBC that while sentiment and confidence around the global economy is good, Europe's internal markets are a strain on its recovery.
European shares closed higher on Friday after better than expected non-farm payrolls in the U.S boosted investor sentiment.
Antonio Borges, former Europe director of IMF, tells CNBC that banks hording liquidity is a significant factor in Europe's troubles, one that can only be solved by a rapid move towards banking union.
Japan will have to make "huge" efforts to get its economy moving again, and the process could take years.
The euro zone may need higher inflation in countries like Germany and lower interest rates across the bloc to ensure a sustained economic recovery brings palpable benefits, the head of the IMF said on Friday.
Barclays paid 428 bankers more than 1 million pounds ($1.5 million) in 2012, a torrid year for the British bank after its fine for rigging Libor interest rates.
CNBC's Kelly Evans reports European shares traded higher ahead of Friday's jobs report in the U.S.
The big winner in Italy's election was populist leader Beppe Grillo, but young Florence mayor Matteo Renzi is emerging as a less obvious beneficiary of a huge protest vote that threatens to destroy the old political system.
European shares opened higher ahead of U.S. nonfarm payrolls released later today.
Tourism in Greece is bouncing back this year in an otherwise flat European market, held back by the weak economic climate, travel industry executives said.
The euro zone is undergoing serious socio-political fragmentation which could lead to further de-stabilization in the bloc, Nouriel Roubini warned Friday.
Hans-Werner Sinn, president of the IFO Institute discusses Germany's willingness to support weaker euro zone economies and reforms needed to kick-start growth.
Barclays' chief executive Antony Jenkins has told investors that cost reduction is his absolute priority and he wants to find a way for the bank to operate with as few as 100,000 staff – a near 30 per cent reduction on its current headcount. The Financial Times reports.
Nomura and Societe Generale are the latest banks to warn about gold, as several banks in recent days have cut their price forecasts and warnings about a correction for bullion have risen.
European shares ended slightly lower on Thursday, held back by a post-results slump for British insurer Aviva, and some said they expected the pullback to continue in the short term.
Kevin Gardiner, head of investment strategy at Barclays, tells CNBC that from a narrow investor viewpoint, European stock markets have the edge over most other asset classes.
CNBC's Simon Hobbs reports on Thursday's market-moving stories from Europe.
John Authers, senior investment columnist at the Financial Times, tells CNBC that the ECB is divided when deciding which policy avenue to follow.
Michael Mewes, portfolio manager at JPMorgan Asset Management, tells CNBC that the market reaction to the ECB press conference was completely out of context, with a "non-event" Draghi speech.
European Central Bank President Mario Draghi called on euro zone governments to implement structural reforms on Thursday, warning that the economy should stabilize later in 2013 but that downside risks to growth remained.
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Anders Runevad, CEO at Vestas, talks about the company's turnaround strategy and how it restored confidence to the wind sector.
Jon Reynolds, CEO of Swiftkey, discusses the U.K. start-up scene and says that global investors are starting to look at the U.K. for future opportunities.
Jean-Pierre Camadieu, chairman & CEO of Solvay, describes Brazil as the "weak point" for the company and says more M&A activity is on the way.