UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $341 million charge to help settle litigation in Germany.» Read More
Enough of the pessimism over the euro zone, says one analyst, who points out that the disaster scenarios anticipated by financial markets for the region have not played out, leaving the euro poised for a strong rally that could take it to $1.50 next year – a 17 percent gain from where it is now.
Until recently, Jordi Parellada a singing teacher from Barcelona, would never have seen himself voting for Catalan independence. The FT reports.
Clifford Bennett, Chief Economist, Orb Global Investments explains why he sees upward pressure on the euro, and forecasts that it could hit 1.5 against the U.S. dollar in 2013.
These 10 U.K. entrepreneurs went from minor start-ups to globally recognized brands.
German objections to suffering losses on official loans to Greece have forced the euro zone to explore more complex means of helping Athens cope with its debt mountain. The FT reports.
Despite bucking the economic gloom of the euro zone in recent years, Poland’s Finance Minister warned that the region’s debt crisis could derail Poland's progress.
Data pointing to promising levels of bank lending and money supply in the United States, which have been touted as signs of a recovery, should be treated with caution according to Albert Edwards, strategist at Societe General.
President Obama skipped dessert at a long summit meeting dinner in Cambodia on Monday to rush back to his hotel suite. It was after 11:30 p.m., and his mind was on rockets in Gaza rather than Asian diplomacy. He picked up the telephone to call the Egyptian leader who is the new wild card in his Middle East calculations, the New York Times reports.
Amid wrangling over how much money the European Union spends at a time of grinding austerity across the Continent, Martin Ehrenhauser, an Austrian member of the European Parliament, lobbed a sobering question this summer at the union’s Brussels bureaucracy: How many bottles of booze does it have stocked in its wine cellars, the New York Times reports.
The U.S. embassy in Paris has taken the unusual step of flatly denying a French report that Washington was responsible for a cyber attack on the Elysée palace shortly before Nicolas Sarkozy was succeeded as president by François Hollande in May this year, the Financial Times reports.
When the hacker group Anonymous attacked the website of the Organization for Cooperation and Security in Europe last week, it said it was responding to the OSCE’s “betrayal of democratic values” following Ukraine's October parliamentary elections. The Global Post reports.
Hopes were rising in Brussels that an unlikely deal with the U.K. over the EU’s long-term budget was taking shape, although the chief negotiator was trying to resolve a deluge of last-minute complaints from other countries on the eve of what could be a gruelling summit. The FT reports.
Christopher Ferrarone, Global Equity Strategist, UBS says that ECB's "Outright Monetary Transactions" programme is meaningful and that Europe's recovery will continue unless something drastic happens in Greece or Spain.
Adolfo Laurenti, Deputy Chief Economist & MD at Mesirow Financial, says there are a lot of conflicts to be reconciled at the European Union meeting but it is unlikely to result in a breakdown in budget talks.
European shares closed higher after choppy trade on Wednesday as investors watched for signs of progress on a delayed deal to unlock aid to keep Greece solvent.
CNBC's Michelle Caruso-Cabrera reports on market-moving events in Europe; CNBC's Gary Kaminsky has the play on increasing yields; and a look at what's moving U.S. stocks today, with CNBC's Bob Pisani.
Bill O'Neill, CIO at Merrill Lynch Wealth Management, informs CNBC that the U.S. will lead a surge toward self-sustaining growth in 2013, improving the outlook for equity investment.
Mike Lynch, the founder of Autonomy who is engaged in a war of words with Hewlett-Packard Chief Executive Meg Whitman over allegations of fraud, is firmly at the heart of the British establishment and was once dubbed the “British Bill Gates” by the media.
Japan's exports slide again and Bank of England members question QE — it's time for your FX Fix.
Hewlett Packard’s surprising announcement of accounting irregularities at Autonomy caught the market by surprise on Tuesday and led to a nearly 12 percent decline in the company’s stock. But Autonomy’s accounting had been questioned by analysts years ago, according to one equity analyst that CNBC spoke to.
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Sergio Ermotti, CEO of UBS, says the Swiss bank's business model is working in "tough market conditions" as it posted a second-quarter net profit of 792 million Swiss francs ($875 million).
Scott Dietzen, CEO of Pure Storage, says the company has under-cut traditional data storage by using technology which allows for a faster, simpler user experience.
Spanish lender Bankia announced a near-doubling of quarterly net profit on Monday. CFO Leopoldo Alvear joins CNBC to discuss.