The U.K. economy continued its robust expansion in the second quarter, and is now larger than at its pre-crisis peak at the start of 2008.» Read More
Larry Fink was once a prince of Wall Street. In the 1980s he became the youngest managing director ever at First Boston, where he was a pioneer in the mortgage bond market. He might have been fitted for the crown at the investment bank, now owned by Credit Suisse, but in 1986 his mortgage department lost $100 million in a single quarter. Two years later he was out. The FT reports.
The euro zone should gradually acquire the powers of a national government with a single treasury and the right to tax or issue commonly backed bonds under a Brussels blueprint to ensure the single currency’s longer-term survival, the Financial Times.
Bankia’s subordinated debt and hybrid securities holders will face large losses on their investments as part of a restructuring demanded by Brussels in return for eurozone aid. The FT reports.
Blankfein to CNBC: Seems Like 'Fiscal Cliff' Deal Could Be 'Reachable', NCR to Acquire Retalix for $650 Million in Cash, Groupon Shares Pop 11.6 Percent After CEO Andrew Mason Defends His Vision And Leadership
European shares pared losses in afternoon trading on Wednesday to close higher after U.S. House Speaker John Boehner said he was optimistic that a deal on the U.S. "fiscal cliff" of tax rises and spending cuts could be reached.
Financial markets react negatively to three dangerous games of chicken being played out around the globe.
Aid to Spain eases that country's pain but Greek drama still weighs on the euro — it's time for your FX Fix.
New Year is a time for reflection. So let’s start now and revisit the question: What is the point of the euro?
The White House is expected in the coming days to send Congress a multi-billion dollar request to fund recovery from Superstorm Sandy, which caused an estimated $71 billion in damages in New York and New Jersey.
U.S. retailer Costco Wholesale Corp is to pay a special dividend of $7.00, worth a total $3.0 billion to investors, it said when posting monthly same-store sales that beat forecasts.
The European Commission gave the go ahead for Spain to overhaul its stricken nationalized banks on Wednesday and opened the door for nearly 40 billion euros in euro zone aid to be disbursed, offering hope for an end to Spain's banking crisis.
Even as markets have been focused on a potential bailout for Spain, analysts say Italy, which is heading for a protracted recession, may also need aid in 2013.
CNBC's Kelly Evans reports on all the market moving events from Europe, including growing concern U.S. lawmakers are failing to make headway in budget talks.
Sabina Kaylan, European head of research at CBRE Investors, tells CNBC why there are new opportunities to invest in northern European real estate.
Francesco Filia, CEO and CIO of Fasanara Capital, tells CNBC why he expects there to be a 20 percent rise in European equity markets over the next three to four months.
François Hollande demanded on Tuesday that Lakshmi Mittal, the steel magnate, guarantee the long-term future of workers at a disputed plant in northern France or face the threat of a state takeover of the operations.
Eurozone governments could be forced to accept losses on their rescue loans to Greece after Monday’s late-night deal to overhaul its bailout failed to agree how to reach new debt targets for the struggling country, according to documents seen by the Financial Times, the Financial Times reports.
Junior debt holders in Spain's Bankia could lose as little as 10 percent of the face value of their investment as a condition for the nationalized lender to receive European aid, a source involved in the talks said.
Colin Chapman, Vice President, Asia Pacific, Stratfor, discusses geopolitical risks in 2013 including the upcoming elections in Japan and South Korea.
Peter Schiff, CEO of Euro Pacific Capital, says that there's a lot of opportunity in Asian stocks, especially over the longer term.
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The Big Mac Index compares how much a Big Mac costs in 38 countries, explains Edward McBride, finance editor at The Economist. He outlines which currencies are the most under- and over-valued.
Mark Haefele, global chief investment officer at UBS Wealth Management, explains that Europe, and equities in general, are attractive as central banks remain supportive.
David Herro, CIO at Harris Capital, says the geopolitical situation has made European valuations a bit more appealing and that now is a good time to pick up quality European stocks.