Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
CNBC's Simon Hobbs reports weak economic data and Fed worries causes stocks to tumble in Europe. All of the major indexes closed sharply lower.
For more than a century unskilled Italians have gone abroad to escape poverty, but these days the people running for the exits are among the country's top brains.
The president of the European Parliament, warned Italians on Thursday not to back the scandal-ridden media tycoon at the ballot box.
Spain sold more bonds than it had targeted in its third debt sale of the week on Thursday, as the Treasury makes the most of a recent easing in investor concerns.
Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.
CNBC's Kelly Evans reports concerns on the future of quantitative easing from the Federal Reserve, and weak economic data sent European sharply lower on Thursday.
Enrico Cucchiani, CEO of Intesa Sanpaolo, tells CNBC that the bottom 20 percent of Italian companies have seen top line shrinking 35 to 45 percent.
With the ability to produce electricity far beyond the requirements of its population, Iceland is looking into the possibility of laying an enormous "extension cord", which would enable them to export to the huge European market.
The biggest mobile trade show in the calendar kicks off on February 25 in Barcelona, Spain. Industry watchers expect new products to be unveiled by a host of players including Google, Samsung, HTC and Sony at the Mobile World Congress.
Hopes the euro zone might emerge from recession soon were dealt a blow on Thursday, as surveys showed the downturn in the region's businesses worsened unexpectedly this month - especially in France.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, tells CNBC that the prospects for equities still look good, but it's not surprising that we are seeing a pullback.
George Quinn, CFO of Swiss Re, tells CNBC that the company's financial position and opportunities ahead are a pretty unbeatable combination.
European markets open down on the Federal Reserve news.
The U.S. Federal Reserve's signal that it may not continue its bond buying program is a game changer for global equity markets, Dennis Gartman, editor of "The Gartman Letter" told CNBC on Thursday.
Financier Nat Rothschild, co-founder of coal miner Bumi, was defeated in his bid to oust the company's current chairman and chief executive on Thursday, losing a public showdown with Indonesia's influential Bakrie family.
Nat Rothschild, founder of NR Investments and a shareholder in Bumi PLC, tells CNBC that the shareholder vote is too close to call but minority shareholders have voted against the board. He also makes other allegations that have been denied by Bumi.
Intesa CEO Enrico Cucchiani says the Monte dei Paschi scandal is an isolated case.
Savile Row tailors may feel like a museum to Britain's faded imperial glory but the bespoke menswear business on "the Row" is enjoying a remarkable resurgence.
Markets are underestimating the risk of a surprise election result in Italy and the possibility of new elections within the year as support for "protest" parties in the country grows, analysts have warned.
Concern is mounting that Germany is drifting apart from other countries at the core of the single currency bloc, notably France.
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Tim Graf, head of macro strategy for Europe at State Street Global Markets, says that global confidence, while still high, is deteriorating.
The underlying problems in Europe's southern economies have not been solved, says Hans-Werner Sinn, president at the Ifo Institute. He also criticizes the ECB potential use of quantitative easing.
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.