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Royal Dutch Shell reported a 20 percent drop in second-quarter earnings on Thursday as higher costs, exploration charges, exchange rate effects and challenges in Nigeria took their toll.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
Schneider Electric's takeover of Invensys will be good for both shareholders and customers, its CEO told CNBC, allowing the company to compete more effectively with its rivals.
Italy's largest insurer Generali reported first first-half net profit on Thursday that beat market expectations, its strongest half-year performance in five years.
U.K. bank Lloyds returned to profit in the first half of the year and indicated that it wouldn't be following in the footsteps of rival Barclays by issuing equity to meet capital requirements set by regulators.
Mario Draghi is in favor of publishing the minutes of the bank's monetary policy meetings, which have until now never been released.
The currency markets will be thrown into disarray this week as key monetary policy meetings take place around the world, HSBC's David Bloom told CNBC.
An Italian public prosecutor on Tuesday asked the country's top court to reduce former Prime Minister Silvio Berlusconi's ban from public office for tax fraud to three years from five years.
The supervisory board of Siemens confirmed the resignation of Chief Executive Peter Loescher on Wednesday and appointed Joe Kaeser, the company's Chief Financial Officer as the new CEO.
Unemployment in the euro zone remained unchanged from the previous month in June, at 12.1 percent, according to the latest data from Eurostat.
The French, it seems, are falling out of love. Not with free health care, or short workweeks, or long vacations in August. But with bread, the New York Times reports.
France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business.
Diageo remains confident about China despite a slowdown in growth in the world's second-biggest economy as the spirits group reports 18 percent growth in operating profit in emerging markets.
Europe's EADS on Wednesday confirmed plans to reorganize in three divisions and change its name to Airbus, adopting the look and feel of its arch-rival Boeing in a bid to become more competitive.
The Bank of England's (BoE) rate decision on Thursday marks the start of a key week in the tenure of new governor Mark Carney with some analysts expecting "radical changes."
French banking group BNP Paribas said on Wednesday it was expanding its business in Germany, hiring 500 people over the next three years.
Deutsche Bank pledged to cut risky assets from its balance sheet in response to regulatory concerns, as quarterly profit missed expectations, hit by a 630 million euro ($834.97 million) hike in litigation reserves.
The Swiss National Bank is selling back to UBS this year the once-toxic assets it shouldered at the height of the financial crisis, which have since become profitable.
Class action lawsuits like the ones BP is facing in the U.S. are a "business model" that serves only to benefit attorneys, the chief executive of BP told CNBC.
France's Schneider Electric is nearing a 3.3 billion pounds ($5.07 billion) deal to acquire British engineer Invensys and could announce the agreement at its results on Wednesday, three people with direct knowledge of the matter said.
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Deutsche Bank Co-CEO Anshu Jain defends the company's overhaul plans, saying they amount to a bold and strategic move.
Deutsche Bank Co-CEO Anshu Jain says he isn't judging the merits of the bank's overhaul strategy based on the day's share price reaction.
Deutsche Bank Co-CEO Anshu Jain tells CNBC the bank is investing in controls that will help avoid the kind of behavior that led to last week's $2.5bn Libor-rigging settlement.