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If the recent global economic crisis taught us anything, it is that the world can be a better place when we collaborate to address the challenges of our connected globe, Bank of America CEO Brian Moynihan said.
The European economy faces multiple challenges, but there is reason to be optimistic, IMF Managing Director Christine Lagarde told delegates at the World Economic Forum on Wednesday.
Outgoing Italian Prime Minister Mario Monti defended his track record in leading Italy through the European financial crisis and told delegates at Davos that the country had regained credibility in the eyes of investors.
Lawrence Summers told delegates at the World Economic Forum that the U.S. was right to focus on its budget deficit, but should also make the most of "negligible" long term interest rates to improve healthcare and education.
Morgan Stanley hopes to buy the rest of the Smith Barney business this year as it continues to re-position its business, CEO James Gorman told CNBC.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today.
Eurasia Group President Ian Bremner and Stefano Aversa, co-president at Alix Partners, discuss market uncertainty ahead of David Cameron's speech on Friday, plus Italy's political future.
William Browder, CEO and co-founder of Hermitage Capital Management, says Russian Prime Minister Dmitry Medvedev's speech at the World Economic Forum was divorced from reality, and advises investors to avoid the country.
South African President Jacob Zuma on Wednesday questioned whether Africa was more risky than other regions across the globe, arguing in a debate at Davos that the continent was growing and moving forward.
Wong Wai Ming, chief financial officer at Lenovo, says use of the personal computer is not in decline but actually growing in some sectors.
A lifeless economy is expected to cost Britain its place among countries with top-notch credit ratings this year, a Reuters poll showed on Wednesday.
Global growth for 2013 will now be lower than previous estimates, according to the International Monetary Fund, as the sovereign debt crisis in Europe continues to pose a large downside risk to the economy.
The euro zone economy is not out of the woods yet, UBS Chairman Axel Weber told CNBC at the World Economic Forum in Davos on Wednesday, pointing to the Italian elections and Spain's ability to tap financial markets for funding as significant risks.
Shares in Banca Monte dei Paschi di Siena, Italy's third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009.
The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.
With billions of dollars' worth of distressed assets in its banks waiting to be snapped up by more intrepid investors, Europe is one of the "largest emerging markets" in the world, according to the chief executive of global private equity firm The Carlyle Group.
Spain's economy shrank in the final months of 2012 at the fastest pace since its recession began, data showed on Wednesday, pummeled by falling domestic demand and with no return to growth on the horizon.
CNBC's Kelly Evans reports on remarks made by British Prime Minister David Cameron that "there is a gap between the EU and its citizens that has grown dramatically in recent years."
JPMorgan Chase CEO Jamie Dimon has hit back at policymakers and new regulations, telling CNBC in Davos that some of the rules had made things more complicated and that many of the problems had still not been fixed.
David M Rubenstein, co-founder and CEO of Carlyle Group, tells CNBC that Europe is looking attractive again for private equity deals as the prices have been beaten down so much it is like the 'largest emerging market in the world'.
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Michael Metcalfe, head of multi-asset strategy at State Street Global Markets, says that the "global slowdown in inflation" is partly driven by commodity prices.
Piers Curran, head of trading at Amplify Trading, says it's been a "phenomenal" month for the global economy. He adds that the close timing of action from the Bank of Japan and the Bank of England suggests policymakers are channeling a "global coordinated response".
European shares ended the day sharply higher on Friday, after the Bank of England outlined tougher leverage rules for banks and the Bank of Japan expanded its monetary base target.