The UK's political parties struck a deal to grant Scotland greater autonomy to satisfy disappointed separatists who lost the independence vote.» Read More
EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day.
Robin Doumar, managing partner at Park Square Capital says that private equity firms and institutional investors can fill the void left by a pullback in bank lending.
EU and IMF officials planned to work on a rescue package for Cyprus through the night in Brussels to get an outline of a bailout program to euro zone finance experts.
Hungarian Prime Minister Viktor Orban dismissed criticism that changes his government has made to the constitution are anti-democratic.
European leaders meeting in Brussels on Thursday hinted that some countries could be given more time to meet their deficit goals as they address high unemployment and seek to ease the pain of tough austerity measures.
European shares opened slightly higher on Friday, with some focus on a European Union (EU) summit and finance ministers meeting in Brussels where Cyprus is expected to be high on the agenda.
British citizens using Guernsey to keep their money from the prying eyes of the taxman will have to declare their assets to the Treasury under an agreement designed to combat tax evasion. The Financial Times reports.
Martin Schulz, president of the European Parliament, tells CNBC that the EU needs a combination of budgetary discipline and strategic investment in growth to relaunch the economy, and should work hard in regaining citizens' trust.
Steen Jakobsen, chief economist at Saxo Bank, tells CNBC that lager is one of the worst industries to be in, citing Carlsberg's '10 years of under-performance' to back that up.
Michael Gallagher, director of research at IDEAglobal, tells CNBC that investors should be shorting bonds as the euro zone heads towards another crisis, centered this time on France and Spain.
Italy's parliament convenes on Friday almost three weeks after last month's inconclusive election, with the parties still deadlocked over how to form a government.
Thanos Papasavvas, strategist, fixed income and currencies at Investec Asset Management, tells CNBC that the period before the September elections in Germany is crucial for European leaders to push Germany into taking a more dovish stance on EU reforms as she tries to win over supporters of her main challenger in the elections. The opposition SPD places a greater emphasis on growth than Merkel who has stressed the need for austerity.
Bank of England Governor Mervyn King said on Thursday that the central bank was not seeking any further fall in the level of sterling which now appeared to be fairly valued.
Oleg Deripaska, the CEO of the world's largest aluminum company Rusal said global commodity producers need to cut output by up to 10 percent.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as stocks resume their rally and the EU summit begins.
European markets posted strong gains on Thursday, extending a two-week global stock rally.
Fredrik Reinfeldt, prime minister of Sweden, says there are still countries in Europe in need of austerity because of their huge deficits.
The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.
UBS paid CEO Sergio Ermotti almost $9 million and welcomed its new investment bank chief with a $26 million "golden hello" in 2012.
A dispute over sacking civil servants has stalled talks between Greece and the "troika" of international lenders, delaying disbursement of a €2.8bn aid tranche due amid fears the bailout program is already veering off track. The FT reports.
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For Black Friday, you should be strategic and set up alerts for your favourite retailers, says Shannon Edwards, CEO of Styloko.
The ECB is directing its monetary policy to use new channels, ensuring that price stability in the euro area as a whole says European Central Bank's vice president, Vitor Constancio.
OPEC's first female president, Diezani Alison-Madueke, says that non-OPEC members need to "share the burden" of falling oil prices.