Piraeus Bank, one of Greece’s largest banks, will be the first Greek bank to raise new capital on the markets since the start of the euro zone crisis.» Read More
CNBC's Kelly Evans reports on all the market moving events from Europe, including a report Spain is ready to request a bailout.
A “consumer revolution” will take place as close to 3 billion people join the global middle class in the next four decades, with the balance of power shifting inexorably to countries now classed as emerging markets, according to HSBC economists Karen Ward and Frederic Neumann. They predict that the emerging world will account for close to two-thirds of total global consumption by 2050 – up from less than a third in 2012.
British government took the first step in its strategy of disengagement from the European Union when it said it would exercise its block opt-out from co-operation on justice and home affairs.
Royal Bank of Scotland has suspended its head of rates trading in Europe and Asia Pacific, the most senior employee to be put on leave so far as the bank investigates its alleged role in the interbank lending rate scandals. The FT reports.
The lender is bracing for a settlement with regulators over Libor manipulation that could cost it £200-£300 million – on a par with the landmark £290 million fine imposed on Barclays in June. The Financial Times reports.
Apple hires an exec from Amazon, Yahoo hires an exec from Google, two new drugs cited in meningitis outbreak, Les Moonves extends his stay at CBS, an early review of the first chapter from a book by a disgruntled Goldman Sachs employee is not kind.
Jacques Cailloux, Chief European Economist, Nomura says that the EU is not ready to manage a Greece exit yet.
Spanish Prime Minister Mariano Rajoy has deferred seeking help from a financial assistance program that Europe has tailored to Spain’s needs. But many are increasingly worried about the costs of further delay.
Spain is taking its time asking for a bailout, and this strategist has a way to trade the stalling.
Netflix is launching its streaming-only service in Sweden, as it pushes international growth and looks to move past the debacle when it split its DVD and streaming services in the U.S. last year.
European shares closed higher on Monday after strong macroeconomic data out of China, upbeat comments about Greece's future in the euro zone, and hopes that Spain is edging closer to requesting a bailout.
Investors should not be spooked by recent events in the South African mining industry as the market offers a number of strong investment opportunities, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC Monday.
China’s economic data is no longer the main driver for financial markets in the Asian region as global economic events take precedence over regional concerns, Chris Tinker, Equity Strategist at Libra Investment told CNBC.
Euro awaits a move by Spain and China fools the forecasters - it's time for your FX Fix.
High-frequency trading firms — the lightning-quick, computerized companies that have risen in the last decade to dominate the nation’s stock market — are now struggling to hold onto their gains. The NYT reports.
CNBC's Kelly Evans reports on all the market moving events from Europe, including news Spain may be edging closer to seeking a bailout.
Germany and the IMF appeared to soften their stance on the Greek debt crisis over the weekend ahead of an EU Summit which could decide whether the debt ridden euro member is given a new tranche of international aid.
"The key is to get Greece back on track, if we put upon them obligations that they simply cannot deliver on, because it's just too hard and too much -- the program is not going to be credible," IMF's managing director, Christine Lagarde told CNBC's Maria Bartiromo.
Banks, which have been sitting on a pile of real estate assets or listing them at only slight discounts, are beginning to slash prices, eager to get out of the business of being landlords, the NYT reports.
A pensioner whose home was repossessed is taking on some of the world’s leading banks in the first known class-action lawsuit claiming that alleged Libor manipulation made mortgage repayments for thousands of Americans more expensive than they should have been. The FT reports.
In an exclusive interview from the World Economic Forum, Emaar Chairman Mohammed Alabbar tells Access: Middle East why he's looking forward to a rapprochement with Iran, plus where he sees growth opportunities for Emaar.
As the Davos Conversations continue, Access: Middle East takes an exclusive tour of the world's tallest building, the Burj Khalifa, with Emaar Chairman Mohammad Alabbar.
As our exclusive interview with Mohammad Alabbar concludes, we take a closer look at the world's biggest shopping mall as the Chairman answers questions about a possible IPO, plus where Emaar is going next.