The euro zone slid further into deflation in January, ahead of the launch of the European Central Bank's full-blown bond-buying program.» Read More
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.
Leverage created by private equity deals threaten the stability of the financial system, the central bank has warned.
European shares traded higher on Thursday, ahead of a gathering of European Union leaders for a summit in Brussels, reports CNBC's Kelly Evans.
The world's biggest strip club businesses say that business is booming despite the recession, proving that "sex entertainment" still sells despite the global economic downturn. The strip club workers, however, tell a different story.
Steve Sedgwick takes you through the European market open, where stocks have come in higher.
Two-thirds of Italians oppose returning to the ballot boxes after last month's national election left the country in limbo with no dominant political force, according to a poll published on Wednesday.
Greece's biggest lender, National Bank (NBG), said on Wednesday that Canadian investment fund Fairfax Holdings was interested in acquiring a stake in it by taking part in a planned recapitalization.
Economist Andreas Georgiou knew his job would not be easy. It was when he discovered his emails were being hacked and leaked that the real challenge of taming his country's approach to official statistics hit home.
Germany has ignored calls from its euro zone partners for more economic stimulus by tabling plans to cut spending and balance its budget ahead of schedule on the eve of an EU summit dedicated to growth. The Financial Times reports.
Nick Verdi, Director of FX Strategy, Asia Pacific, at Barclays says Italy will likely get a Bersani-led coalition and fresh elections at the end of the year. He also explains why the U.S. still looks better than Australia despite its spectacular employment numbers.
Brazil, Russia, India and China have been seen as the collective pillar of emerging market growth. But signs indicate that investors are now looking elsewhere.
The Baltic state of Latvia and the Mediterranean island of Cyprus are both magnets for Russian money.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a look at the Italian bond auction.
Ireland returned to the capital markets with a splash on Wednesday, launching its first benchmark bond since the country's controversial bailout by the European Union.
The European Parliament voted to reject a deal reached by EU leaders on the bloc's next seven-year budget unless significant changes are made to the 960 billion euro plan.
Italy's three-year borrowing costs rose to their highest since December on Wednesday after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.
Nigeria doesn't seem like a very safe bet for investors. But the country still offers investors several opportunities, especially in the banking and consumer goods sectors.
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CNBC's Phil Han reports on some of this year's best commercials played during the Super Bowl.
When asked if we are in a tech investment bubble, Fred Destin, partner at Accel Partners, says the market is currently "a bit overheated."
Fred Destin, partner of Accel Partners discusses why his company has invested in the food tech start-up "Deliveroo."