Russia has dug itself a deep economic hole in exchange for its geopolitical ambitions, and the problem's getting worse.» Read More
Lukoil has no plans to deepen its ties with higher-profile Rosneft after the latter's deal with BP, at least not in the short term, Andrei Gaidamaka, Deputy Vice President at Lukoil told CNBC Thursday.
CNBC's Ross Westgate reports on what's moving global markets, ahead of a two-day EU summit set to take place in Brussels.
Germany has no choice but to monetize the debt of southern Europe and save the euro to save itself, economists say.
As EU leaders prepare to meet in Brussels on Thursday, Greece’s workers aim to make their voices heard by holding a 24-hour strike bringing the country to a halt. But with the economy in the fifth year of a recession, the lost production could cost the economy 100 million euros, according to one expert and prove counterproductive.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a preview of the likely agenda at an EU summit set to take place in Brussels.
The chief executive of Rosneft will on Thursday finalise a deal with BP that will turn the Russian national champion into the world’s largest publicly traded crude oil producer. The FT reports.
A plan to create a single euro zone banking supervisor is illegal, according to a secret legal opinion for EU finance ministers that deals a further blow to a reform deemed vital to solving the bloc’s debt crisis, the Financial Times reports
Pawel Swieboda, President, demosEuropa explains why he's optimistic on Central European nations. He adds that the shift to continental Europe has given nations like Poland an opportunity to expand into global markets.
Monty Agarwal, Managing Partner, MA Capital Management says that although companies are beating earnings expectations, they are doing so from a low base.
The 75 percent tax on millionaires in France has caused more of the rich to put their homes up for sale. But don't expect bargains in Paris, where prices remains high.
Europe's equity market powered to three-week highs on Wednesday, with the Madrid bourse and the banking sector bolstered by news that Spain had escaped a rating downgrade to 'junk' and hopes that it will soon seek a bailout.
The challenge for corporates in the post-crash environment is to remain competitive. That calls for stronger engagement with customers, and sticking to one’s areas of genuine expertise, not necessarily becoming bigger, argues Moorad Choudhry.
Bankers in Britain could in the future face being struck off an industry-wide register if they misbehave, if plans being drawn up by a U.K. banking group go ahead.
Spain avoids a cut and the British go to work — it's time for your FX Fix.
As populations rapidly age, reform to straining pension systems must happen now or we will all pay the pay the price when we retire, according to the latest report on pension provision.
CNBC's Kelly Evans reports on all the market moving events from Europe, including a look at the Spanish IBEX, the main gainer in Wednesday morning trading.
There are few bankers running Wall Street institutions these days who hark back to the big brash era before the financial crisis. Mike Corbat’s elevation to succeed Vikram Pandit as Citigroup’s next chief executive adds another methodical financier to a growing group of low-profile bank bosses.
Opposition to a Spanish request for a second round of EU aid has begun to wither in recent days both in Madrid and other eurozone capitals, clearing the way for the first use of a new, limitless European Central Bank bond buying program
U.K. bankers face the risk of being barred from their profession by an independent body if they misbehave, under new rules being weighed up by the main City bank lobby group in a bid to revive the battered reputation of the financial sector, the FT reports.
Germany seems to be thawing toward Greece, but what this means for the euro is complicated. And then there's Spain.
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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.