Ukraine declared that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border.» Read More
It is difficult to export and compete with the U.S. due to the high euro/dollar exchange rate, which should be around parity, says Giuseppe Recchi, chairman of Italy's Eni.
CNBC's Simon Hobbs reports on today's market-moving events from Europe.
Yahoo CEO Marissa Mayer is confident that her company will be able to capitalize on the explosion in mobile communication, saying Yahoo will focus on strong partnerships with Apple, Google and Facebook.
Maria Bartiromo gets the Davos buzz from Steve Pagliuca, MD at Bain Capital, on European optimism and the changing face of Russia.
Italy Central Bank Governor Ignazio Visco has told CNBC that there is no question about the stability of Italy's Monte dei Paschi bank after it suffered a $1 billion loss on derivatives trades.
Spanish finance minister Luis de Guindos ruled out a full-scale bailout package on Friday, suggesting that the recession-stricken country no longer needs external aid as investors pile into Spanish debt.
Spain's struggling real economy lags behind improved market sentiment, says Luis de Guindos Jurado, Spain's minister of economic affairs.
The European Commission confirmed on Friday that it had looked at ways of getting a deal on the European Union's next long-term budget without British consent so as to prevent Prime Minister David Cameron from vetoing the package.
Activists protesting against the World Economic Forum in Davos have claimed responsibility for explosions that broke a window at a Zurich branch of Credit Suisse and blew up the postbox of the boss of commodity trader Glencore.
The U.S. economic environment is "very good" and the stock market's rally to multi-year highs has more room to go, Goldman Sachs Chairman and CEO Lloyd Blankfein said on CNBC.
Investors worldwide continue to be skeptical towards Russia, confounded by whether real reforms will bring structural changes. During the World Economic Forum, the Russian delegation has been trying to reassure investors in order to reverse capital outflows that have reached more than $350 billion since 2007.
The fallout from a bizarre trial in Russia appears to be aggravating Western concerns about state-sponsored corruption.
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The U.K. economy contracted more sharply than expected in the final quarter of 2012, the country's statistical agency said on Friday.
Banks will repay the European Central Bank 137.159 billion euros in 3-year loans next week, opting to hand back the money early in a sign at least parts of the financial system are returning to health.
Olli Rehn, European Union economy chief, tells CNBC that the UK announcement of referendum is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy.
European Central Bank President Mario Draghi said on Friday that financial markets are experiencing "relative tranquility" at the start of this year and all the indices point to a substantial improvement of financing conditions.
Erdem Basci, governor of the Central Bank of Turkey, tells CNBC that they expect plus four percent growth in 2013 and they have to be careful about rapid credit growth.
Alexander Stubb, Finland¿s minister for European affairs and foreign trade, tells CNBC that he would love to see the Euro a little bit weaker as it would drive exports and improve growth.
International Monetary Fund Managing Director Christine Lagarde has said global uncertainties, including the euro zone debt crisis and the U.S. fiscal negotiations, are continuing to weigh on growth.
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A yes vote in the upcoming Scottish independence referendum could lead some insurers to move their headquarters to London, says Mark Nicholson, associate director at Standard & Poor's Rating Services.
The U.S. Federal Reserve remains data dependent and will not bow to hawks, says Mark Haefele, global chief investment officer at UBS, as Janet Yellen continues to make the argument that there is slack in the labor market.
European shares closed lower on Friday as tensions in Ukraine flared up once again. It comes after stocks fluctuated as U.S. Federal Reserve Chair Janet Yellen spoke about the labor market in Jackson Hole, Wyoming.