The European Commission will tell five euro zone countries that their budget plans risk breaching EU rules, say three officials briefed on the decision, the FT reports.» Read More
The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday.
Stephen King, group chief economist at HSBC, tells CNBC that UK trade links with Europe have grown enormously over the last twenty five years in contrast to countries in the emerging world.
Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.
CNBC's Geoff Cutmore has been gathering opinions from CEOs at Davos, who expect 2013 to be another tough year with Europe being singled out as a problem.
Barry Eichengreen, professor of economics and political science at the University of California, Berkeley, tells CNBC that the euro crisis is in remission but the underlying condition has not been cured.
Nils Smedegaard Andersen, group CEO at A.P. Moller - Maersk, tells CNBC that they see a gradual stabilization in Europe with the poltical tendencies going in the right direction.
Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.
Tidjane Thiam, CEO of Prudential, tells CNBC that the growth in emerging markets continues to come primarily from China as the country has changed to a more consumption driven model.
The euro zone can begin 2013 with more confidence than last year but it is up to governments to carry the bloc forward with reforms while the European Central Bank delivers stable prices, ECB President Mario Draghi said on Tuesday.
German business software maker SAP issued guidance for 2013 operating profit that beat market expectations, and the company's co-Chief Executive Jim Hagemann Snabe told CNBC the software industry is being split into two.
Germany's Siemens posted a slight decline in quarterly profit due to charges for a delayed high-speed train order and its new savings program.
Peter Sands, CEO of Standard Chartered, tells CNBC that they are glad to have settled the US issues and the bank continues to grow with a focus on Asia, Africa and the Middle East.
Jack Bouroudjian, CEO, Bull and Bear Partners says he likes the BOJ's decision to have a 2% inflation target and says the Fed should do the same. He is confident the BOJ's latest moves will pull Japan out of its economic malaise.
'Prepping' is the key word in Davos today as 'Team Bartiromo' finalized details for the 40+ interviews about to air over the next three days.
At Davos, there doesn't appear to be an immediate financial crisis. The world looks to be in a state of precarious stability.
Optimistic shareholder expectations seem out of kilter with weak projections for global economic growth. Companies must grow rapidly to meet analyst expectations.
CEOs, many of whom are gathering in the Swiss ski resort of Davos for this year's World Economic Forum, are feeling less optimistic about their companies' growth prospects than last year or the year before, PwC said Tuesday.
CNBC's Michelle Caruso-Cabrera reports all the major headlines in Europe as the markets close, including new pay cuts that triggered transport strikes in Greece.
John Authers, investment editor and head of Lex column at the Financial Times, tells CNBC why he's wary of the belief that disaster within the euro zone has been averted.
Cyprus, rather than Spain or Greece, poses the biggest risk to the euro zone, says Charles Dallara, the director of the Institute of International Finance (IIF).
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CNBC's Phil Han looks at the launch of Qantas' new business class suite and the fight for passengers in Australasia.
Irene Muloni, minister of energy and minerals for Uganda says commercial reserves of petroleum and gas have recently been discovered in the country.
European shares closed higher on Tuesday as buying was fueled by corporate earnings and reports the ECB would provide extra liquidity in the near future.