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CNBC's Kelly Evans reports on all the market moving events from Europe, as more companies report better-than-expected earnings, helping indexes push higher.
As UBS announced plans to chop 10,000 staff this week, many traders reacted with shock. Little wonder: during the past three decades, it might have seemed inconceivable that any bank could slash its workforce so far, so fast, the FT reports.
Late and complex guidance from regulators has left the markets unprepared and confused ahead of today’s imposition of the first pan-EU rules on short-selling, according to brokers, traders and investors, the FT reports.
Willem Nabarro, Head of European Equities at Exane-BNP Paribas says that UBS' core business is looking strong as the bank moves towards wealth management and that the bank could become a gold standard for the finance industry.
The Swiss National Bank has trimmed its big euro position, taking downward pressure off the currency.
Mixed corporate earnings capped gains on Europe's top share index on Wednesday, with investors also cautious as Wall Street re-opened after two days of closure due to Hurricane Sandy.
Investors should opt for U.S. Treasurys and gold because the boost to risky assets from central bank stimulus measures may already be over, according to a report by macroeconomic research firm Capital Economics.
As Wall Street prepares to re-open for business on Wednesday, investors should prepare for a “wild session” before earnings reports could subdue the markets again, Michael Yoshikami, founder & chief executive of Destination Wealth Management, told CNBC.
Earnings lift risk appetite, Spain says it needs a little help from its friends — it's time for your FX Fix.
For nearly a decade, scientists have told city and state officials that New York faces certain peril, the New York Times reports.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at positive earnings reports from European airlines and oil and gas firms.
Kweku Adoboli, who is accused of unauthorized trading which led to losses of $2.3 billion at UBS told a jury that he was “devastated” at the losses caused to the Swiss bank, the Financial Times reports.
Speculators – not welcome. That is the message that the EU hopes to send with its looming restrictions on financial bets against the creditworthiness of its members, the Financial Times reports.
Sergio Marchionne has outlined a strategy for Fiat to survive a European “Carmageddon” by focusing on export markets rather than closing plants, as it seeks to break even on the continent by 2016, the Finanical Times reports.
Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said.
UBS was one of the most popular trends on Twitter as the blogosphere flooded with comments in several languages, describing the shock and resentment of staff. The FT reports.
Upon further review of third-quarter earnings, Jim Cramer found a common thread among companies that reported strong results.
Mad Money host Jim Cramer breaks down U.S. investments that could power the market higher.
As our thoughts remain with all those who have been horribly affected by the devastation that hit the U.S. Eastern seaboard and its aftermath, we are being asked about the implications of Hurricane Sandy for markets
European shares closed higher on Tuesday after a raft of positive earnings news as well as a successful bond auction in Italy.
The U.K. recovery remains fragile says BT chairman, Michael Rake, adding that weak investments and political instability continue to weigh.
BT chairman, Sir Michael Rake, tells CNBC that the group has improved its financial position and credibility by providing competition in the TV space.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.