Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.» Read More
Spain's Zara owner Inditex continued to buck the pain in austerity-wracked Europe on Wednesday, posting nine-month net profit up 27 percent at 1.65 billion euros through its aggressive store-opening program around the world.
Sixty super-wealthy families had annual returns on investments of as little as a quarter of what they had reaped in 2011.
The Greek debt buyback attracted bids totaling nearly 32 billion euros, and are short by about 450 million euros on their targets, reports CNBC's Simon Hobbs. In general, however, there is optimism.
Pier Luigi Bersani is aware of the severity of the crisis his country faces and vows to stick to reforms begun by Prime Minister Mario Monti.
When he won the race to become Italy's center-left candidate, Pier Luigi Bersani said his Democratic Party would have to win by telling "the truth, not fairy tales".
CNBC's Kelly Evans reports on all the market moving events from Europe, including
European leaders must re-think their strategy in response to the euro zone's debt crisis as austerity measures will only go so far in solving the problems, former IMF chief Rodrigo Rato told CNBC.
ThyssenKrupp, Germany's top steelmaker, posted a massive 4.7 billion euro ($6.1 billion) net loss for the year as it took a painful write-down on steel mills in the United States and Brazil that it is trying to sell.
As some European media outlets shut down, newspapers struggle to cope with recession and digital competition. The GlobalPost reports.
The head of the Bank of England warned that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year.
Dominique Strauss-Kahn and a New York City hotel maid have settled her lawsuit that alleged sexual assault.
Discussing ways to play the stock market amid fiscal cliff concerns, with Thomas Digenan of UBS; and CNBC's Jackie DeAngelis reports Hewlett-Packard is trading higher on rumors Carl Ichan is interested in the company.
Europe has made progress in reforms that have helped to rebalance the euro zone economy, but the currency bloc must continue with these efforts to restore confidence, says the EU's top economics official Olli Rehn.
Markets close across Europe, and CNBC's Simon Hobbs discusses how stocks are trading amid the extension of the deadline on the Greek bond buyback and after Italy's Prime Minister Mario Monti announced his plans to resign after the approval of Italy's 2013 budget.
Mario Monti’s announcement that he will step down as Italy’s Prime Minister represents a significant setback in the euro zone’s rehabilitation, analysts warned on Monday, with the decision set to push up Italian bond yields and heap pressure on the euro as well as push Spain closer to the edge of a funding crisis.
CNBC's Kelly Evans reports on all the market moving events from Europe, including Italian markets falling after its Prime Minister Mario Monti announced his resignation plans.
Greece will extend a debt buyback that forms part of its international bailout for an extra day to receive additional offers from bondholders, a government official said on Monday.
Silvio Berlusconi has confirmed he is planning a comeback just a year after an ignoble exit from office, but Italian stocks and bonds sold-off on the news.
British business minister Vince Cable said Britain could fall back into recession for a third time since the 2008 financial crisis but expected the economy to stagger on with minimal growth.
Patrick Bennett, FX Strategist at CIBC tells us why he thinks the latest trade data from China was disappointing.
Get the best of CNBC in your inbox
Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.