Russian real estate magnates, until recently among the top buyers of luxury property in the UAE, have retreated from the region amid ruble weakness.» Read More
Investors need to calm down and act rationally, Oleg Deripaska, the CEO of the world's largest aluminum company Rusal, said on Thursday.
Alexei Kudrin is widely tipped to be Russia's next prime minister. The only trouble is, he might not want the job.
The Swiss National Bank said it was far from ready to end its unconventional policy measures, on Thursday, unlike the U.S. Federal Reserve.
Even as President Bashar al-Assad of Syria is proclaiming battlefield momentum against the insurgency with the help of his Hezbollah ally, he appears to be facing a new threat: a rapidly weakening currency that has unnerved many Syrians, the NYT reports.
Despite market turmoil over the Federal Reserve's indication that it could start tapering its bond buying program, billionaire investor Alisher Usmanov told CNBC that it would play a "positive" role for markets.
Manchester United striker Wayne Rooney could be the ideal signing for Arsenal, according to Russian billionaire Alisher Usmanov, the Premier League soccer club's second-biggest shareholder.
Pressure on services and manufacturing activity in the euro zone eased more than expected in June, and while a full recovery is a long way off, analysts said the signs point to a more moderate downturn.
Once-commanding giant of the technology world Alcatel Lucent announced a fresh cost cutting program on Wednesday as new CEO Michel Combes plans to turn around the company's fortunes.
The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.
Lower-ranked tennis players will be able to collect more in prize money than ever before at this year's Wimbledon tournament.
British electricity prices may be almost double those in Germany within three years due largely to the impact of a new tax aimed at supporting renewable power generation.
Business leaders at the Saint Petersburg International Economic Forum (SPIEF) told CNBC that they want to see Russia reform and re-engage with the outer world, politically and economically.
Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.
George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.
The IKEA Foundation, the philanthropic arm of the iconic Swedish furniture maker, has helped come up with a more comfortable refugee shelter.
An Italian court on Wednesday sentenced fashion design duo Dolce and Gabbana to one year and eight months in prison for hiding hundreds of millions of euros from the tax authorities.
Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show but he said he was disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle planes to allow for cheaper fares.
Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.
"Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the IMF has warned.
At a time when Europe needs solidarity and a unified sense of purpose to grapple with its seemingly endless economic crisis, religion has become yet another a source of discord. The New York Times reports.
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Speaking to CNBC at the Global Financial Markets Forum, Luxembourg Finance Minister Pierre Gramegna says his country is on the road to tax transparency.
Speaking to CNBC at the Global Financial Markets Forum, Luxembourg Finance Minister Pierre Gramegna says the Greek bailout extension was difficult to settle and that euro zone members needed to show respect.
Alex Thursby, CEO of The National Bank of Abu Dhabi, tells CNBC at the Global Financial Markets Forum that Dubai will win from cheaper oil.