ECB president Mario Draghi said that Europe is rooting for Greece, but the country is the only party that can save itself.» Read More
Luxembourg's Prime Minister bowed to pressure for an early election after his junior coalition partner blamed him for failing to curb abuses of power by the secret service.
Capital expenditure across the world is expected to decline this year and next, according to a new report by S&P.
The U.K.'s economy will continue to improve, but the Bank of England faces a "big challenge" to maintain that recovery while ending quantitative easing, according to a report from Pricewaterhouse Coopers (PwC).
Egypt's prosecutor ordered the arrest on Wednesday of the leaders of ousted President Mohamed Mursi's Muslim Brotherhood.
Spain's banking aid program is on track and its economy is stabilizing, despite the difficult macroeconomic conditions, the European Commission said on Wednesday.
The European Commission will propose creating an agency to salvage or shut failed banks, but its power to clean up the euro zone's financial sector will be tempered by resistance from Berlin.
Since the financial crisis, the world's wealthy have increasingly parked their cash in tangible items like fine art in order to preserve capital - but some analysts are warning of an art market bubble.
Italy's credit downgrade should be viewed as a "wake-up call" by the country's fractious government, analysts told CNBC - but they remained divided over whether the announcement would have any impact in Rome.
The private banking sector is showing improving signs of life as new money flowing into the sector sees a significant rebound, with UBS once again taking the top spot in a global poll of wealth managers.
The Greek government submitted a draft law to parliament on Tuesday, to quickly pass policies to meet the conditions for the release of further bailout funding.
The European Central Bank's guidance on interest rates extends beyond 12 months, and the bank could pursue other measures to shore up the euro zone, ECB policymaker Joerg Asmussen said.
Wilbur Ross, the U.S. billionaire who has made 65 percent profit on his 2011 investment in a struggling Bank of Ireland (BOI), said he is likely to bid for financial assets in Spain.
The euro has been expected to fall against a broadly robust U.S. dollar for some time and it finally appears to be succumbing to sustained selling pressure.
Europeans worry more about unemployment than any other social or economic problem, such as inflation. Who topped the list? The GlobalPost reports.
Sterling fell to a three-year low against the dollar on Tuesday, as weak data raised concerns that an economic recovery in the U.K. was still some way off.
European politicians backed proposals to increase the number of women on the boards of top European companies on Tuesday.
Greece's economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said on Tuesday, revising down its previous projection and offering a more pessimistic forecast than the country's foreign lenders.
The International Monetary Fund downgraded its global growth outlook for 2013 on Tuesday, and warned of three "new risks" that threaten to derail the global economic recovery.
Egypt's interim president on Tuesday named liberal economist and former finance minister Hazem el-Beblawi as prime minister in a transitional government, as the authorities sought to steer the country to new parliamentary and presidential elections.
The trial of the captain of the shipwrecked Costa Concordia cruise liner began Tuesday in a courtroom that accommodates all the survivors and relatives of the 32 victims who want to see justice carried out in the 2012 tragedy, but the hearing was quickly postponed.
Get the best of CNBC in your inbox
Masood Ahmed, director of Middle East and Central Asia at the IMF, says that the IMF has two roles to play with Egypt, one of which is to provide dialogue and the other is to provide financial support.
Masood Ahmed, director of Middle East and Central Asia at the IMF, says that Egypt has made a lot of improvements regarding energy subsidies and broader reforms, but still has "a long way to go."
Peter Rosenstreich, chief FX analyst at Swissquote Bank, says the negotiations between creditors and Greece may not end well.