Bank of Ireland has made a profit for the first time since the Irish property market collapsed ignominiously in 2008.» Read More
Antonio Fatas, Professor of European Studies and Economics at INSEAD, outlines what Italy needs to do to fix its economy, regardless of the outcome in the election.
Despite the circus-like nature of the campaign, Italians at polling stations today were in extremely serious moods, with many telling CNBC this is one of the most important elections in the country's history.
Change is in the air as Italy goes to the polls, but that change could also throw up a nasty surprise for the euro zone.
Moody's downgrade is a blow to the Chancellor of the Exchequer George Osborne, who has stuck to his plan to reduce government spending in the face of slowing economic growth.
The Spanish king's son-in-law appeared before a judge on the island of Mallorca on Saturday to respond to charges of tax fraud in a six-million-euro embezzlement case that has eroded public support for the once-popular royal family.
Two of the four leading candidates in the Italian election are convicted criminals. Such is the state of politics in the world's third most indebted country as Italians go to the polls this weekend to choose a new government.
Credit ratings agency Moody's Investors Service has downgraded Britain's government bond rating one notch from the top AAA to AA1, citing weaknesses in the economy's medium-term outlook.
CNBC's Michelle Caruso-Cabrera reports on the hype surrounding this weekend's Italian election.
European shares rose on Friday in a broad-based rally as investors took advantage of the previous session's steep falls to pick up equities on the cheap, though traders cited some caution given weekend elections in Italy.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including news that the euro zone economy is expected to shrink again in 2013.
Banks around Europe will repay less than half the expected amount of the crisis loans they took from the European Central Bank a year ago, suggesting much of the euro zone financial system is still hooked on cheap ECB funds.
Tom Levinson, FX strategist at ING Financial Markets, tells CNBC that uncertainty will surround Italy even after the elections next week, and this will weigh on the euro in the short term.
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year.
As the public prepares to go to the polls this weekend, Italian executives disagree over the impact the outcome could have on a country already struggling with debt and a lack of investor confidence.
France is a "problem child" in the euro zone and needs to implement more austerity measures and labor market reforms to regain competitiveness, a senior ally of German Chancellor Angela Merkel said on Friday.
Britain's tax authority on Thursday published the names of what it described as "tax cheats" for the first time, part of efforts to address public anger over tax evasion at a time of economic austerity.
CNBC's Kelly Evans reports on all the market moving events from Europe, including weak PMI figures out of Europe.
Investors in the euro should tread with caution, Geoffrey Yu, FX strategist at UBS told CNBC on Friday, warning that concerns over political stability in some of the euro zone's biggest countries could send the currency sharply lower again.
German business morale surged at its fastest pace in over two years in February, pushing higher for a fourth consecutive month and pointing to a solid recovery in Europe's largest economy after a dismal end to 2012.
The chief executive of London-listed miner Bumi Nick von Schirnding told CNBC that the outcome of Thursday's shareholder vote had given the company's management a mandate to get on with its strategy.
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Olivia Francis, founder and managing director of Hamilton & Hare, discusses the appeal of luxury underwear and the company's challenge to big competitors.
Dariusz Kowalczyk, senior economist and strategist at Credit Agricole, says we should expect a better environment in Asia in the second half of the year thanks to decent PMI data for China and India.
Gautam Batra, investment strategist at Signia Wealth, says markets are suffering from "central bank policy exhaustion" and discusses the outlook.