BP, the U.K. oil giant, announced a 34 percent rise in profits Tuesday – but its results bore out the importance of its Russian investments.» Read More
Stephen Davies, CEO, Javelin Wealth Management outlines why despite a change in government, not much else will change in the world's third-largest economy.
The official U.K. Libor manipulation report points the finger at five banks for helping UBS rig the rate. So which banks were they?
The UBS Libor settlement swings the spotlight on to the role of interdealer brokers in the burgeoning scandal, alleging that employees at these institutions actively "colluded" with rate-fixing efforts.
The scale of Libor manipulation at Swiss bank UBS was laid bare today in documents published by U.K. authorities which showed one trader openly boasting of keeping the benchmark rate artificially low.
CNBC's Kelly Evans reports Greek banks are leading European markets higher, as shares in the National Bank of Greece rose by eight percent.
South African President Jacob Zuma has kicked off five days of discussions over the country's economy, including the possible introduction of a mining tax and greater state intervention in the sector.
Pimco Head of European Portfolio Management Andrew Balls says growth in Europe will contract by up to 1.5 percent next year, with policymakers facing severe economic and political hurdles.
The Federal Reserve Bank of New York was warned as early as mid-2008 that banks may have been misreporting their Libor borrowing rate to aid their own trading positions, much earlier than previously known.
Former prime minister Silvio Berlusconi said on Tuesday Italy would be forced to leave the euro zone unless the European Central Bank gets more powers to ensure lower borrowing costs.
Rating agency S&P raised Greece's sovereign credit rating to B-minus with a stable outlook from selective default, citing its European partners' efforts to keep the country part of the euro.
With two short sentences, the head of the European Central Bank took the heat out of the euro zone crisis this year. In 2013 Mario Draghi has to live up to even bigger expectations.
Spain may not be fully out of the woods, but investors' favorable attitude towards the country suggests it is biding its time well and may get not need to request a bailout, analysts told CNBC.
CNBC's Kelly Evans reports on all the market moving events from Europe, including
Political intrigue in Rome is keeping investors, economists and even politicians guessing over who will actually run in Italy's 2013 elections and why.
The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.
Valentijn Van Nieuwenhuijzen, head of strategy at ING Investment Management, tells CNBC that Europe¿s periphery is relatively constructive with yields continuing to fall.
Drastic falls in the price of oil and gold, doubling of the yield in 30-year Treasurys and mass nationalizations in Japan’s struggling electronics industry may be on the agenda next year.
Ross Westgate takes you through the European market open as stocks are open higher.
Kathy Lien, Managing Director, BK Asset Management sees some weakness in the Euro-Dollar cross going into the new year, explaining why the 1.33 to 1.35 range is a good place to short the Euro.
Markets across Europe close mostly lower on "fiscal cliff" concerns, and CNBC's Michelle Caruso-Cabrera reports Mario Monti is expected to make an announcement this week on whether he intends to run for Prime Minister.
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European shares opened higher on Tuesday, after a fairly directionless start to the trading week, with investors reacting to fresh sanctions against Russia and looking ahead to the Federal Reserve's monetary policy decision on Wednesday.
Edmund Salvesen, banks analyst at Brewin Dolphin, says investors in European banks need to weigh up the risks of an "endless bag" of litigation costs.
Sergio Ermotti, CEO of UBS, says the company will have to "respect" any sanctions imposed on Russia but the Swiss bank is "committed" to the country's clients.