Britain's fourth biggest grocer Wm Morrison posted its lowest profit in five years, slashed expectations going forward and said it plans to sell off one billion pounds ($1.66 billion) of its 9 billion pound property portfolio.» Read More
Attorneys for Dominique Strauss-Kahn denied reports he agreed to settle a case with the maid who accused him of sexually assaulting her last year.
Month-end selling dents the yen and Mario Draghi lifts the euro — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, as shares edge higher following comments from ECB President Mario Draghi.
Alastair Newton, Senior Political Analyst, Nomura says that the polls are close ahead of Israel's elections next month and that there's a risk that Tel Aviv could cut off tax revenue from Palestine.
Alastair Newton, Senior Political Analyst, Nomura says that democrats need to come up with a spending reform plan in order to solve the fiscal cliff impasse.
Mike Crofton, President & CEO, Philadelphia Trust Company says that going over the Fiscal Cliff is a good outcome as lawmakers will be forced reach a resolution.
Finally, the euro is trading on U.S. fundamentals, this pro says, and he likes it.
Ukraine was about to sign a $1.1 billion dollar deal with Spain’s Gas Natural Fenosa when it realized one teensy problem--the deal was a fake!
European shares closed higher on Thursday, getting a fresh boost from stronger-than-expected U.S. housing data.
A credit markets boom could last another five years, but its end will be much harder than when the last bear market hit, a market strategist told CNBC.
Spain is likely to remain in deep recession until the end of next year, according to the Organization for Economic Co-operation and Development.
The euro hangs on fiscal cliff news and the pound feels pressure from rating cut worries — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, as optimism grows that U.S. lawmakers will finalize a deal to solve the "fiscal cliff" before Christmas.
As uncertainty continues to grip the European markets, identifying surefire investment opportunities has become increasingly difficult, if not impossible. However, one analyst argues that high-end European real estate may be a viable option for today’s investors.
New rules regulating the web may increase censorship.
Larry Fink was once a prince of Wall Street. In the 1980s he became the youngest managing director ever at First Boston, where he was a pioneer in the mortgage bond market. He might have been fitted for the crown at the investment bank, now owned by Credit Suisse, but in 1986 his mortgage department lost $100 million in a single quarter. Two years later he was out. The FT reports.
The euro zone should gradually acquire the powers of a national government with a single treasury and the right to tax or issue commonly backed bonds under a Brussels blueprint to ensure the single currency’s longer-term survival, the Financial Times.
Bankia’s subordinated debt and hybrid securities holders will face large losses on their investments as part of a restructuring demanded by Brussels in return for eurozone aid. The FT reports.
Blankfein to CNBC: Seems Like 'Fiscal Cliff' Deal Could Be 'Reachable', NCR to Acquire Retalix for $650 Million in Cash, Groupon Shares Pop 11.6 Percent After CEO Andrew Mason Defends His Vision And Leadership
European shares pared losses in afternoon trading on Wednesday to close higher after U.S. House Speaker John Boehner said he was optimistic that a deal on the U.S. "fiscal cliff" of tax rises and spending cuts could be reached.
Europe looks set to continue a volatile week on Thursday, with shares opening higher after switching between gains and losses in previous sessions as concerns over China and Ukraine weigh on sentiment.
The U.K.'s supermarket battleground is heating up as the biggest companies are looking to invest and grab customers.
Rahul Sharma, founder and managing director at Neev Capital, says Morrisons is losing out to discount grocers and is late to come to the online market.