Alstom SA has pleaded guilty and will pay $772 million in criminal penalties to settle bribery charges with the U.S. Justice Department.» Read More
Kelly Evans takes you through the European market open where stocks have come in flat.
Peter Breiter, 41, is an unusual banker. Not for him the big bonuses, complicated financial instruments and multi-million deals. He is happy instead writing transaction slips out by hand for the 500 inhabitants of the tiny southern German village of Gammesfeld.
Greece is pinning its hopes of boosting revenue from an antiquated tax system beset by massive evasion on Harry Theoharis, a boyish-looking 42-year-old who describes himself as an "IT monkey."
Simon Cox, Asia Economics Editor at The Economist says finance ministers and central banks should be fighting stagnation, not each other. He's joined by Michael Hewson, Senior Market Analyst at CMC Markets who says the weakening yen is justified.
Uwe Parpart, Managing Director, Head of Research at Reorient Financial Markets says the recent euro zone GDP results are backward looking and he still sees positive growth in Germany. He says the greater worry is Italy.
Commerzbank, Germany's second-biggest lender, said it would set aside slightly more money for bad loans this year as the economic environment deteriorates.
'Currency wars' will come to Moscow on Friday as finance officials from the Group of 20 nations spar over Japan's expansive policies that have driven down the value of the yen.
Jim Grant, "Grant's Interest Rate Observer" editor, explains why central bank easing, ultra-low yields and access to corporate and sovereign credit is creating a "soon to be regrettable situation." "Central banks are going from ease to hyper-ease," he says.
Dissecting the latest action in the markets, with Josh Brown, Fusion Analytics; David Darst, Morgan Stanley; Michael Crofton, Philadelphia Trust Company; and Ben Pace, Deutsche Bank PWM U.S.
Discussing the state of the global markets, and just how much what's happening Europe is impacting the U.S. markets, with Dambisa Moyo, International economist and author. "The U.S. story is much more constructive, than the European story," she says.
Russia fueled the G-20 currency war debate when the Russian finance minister criticized countries that are trying to stimulate their economies through currency devaluation.
High-yielding risky bonds continue to perform well, and the asset class is set to be among the best performing of 2013, according to Swiss bank Sarasin.
European austerity measures are punishing the most vulnerable members of society and threatening the entire social cohesion of Europe, according to a report from the charity Caritas.
Rio Tinto's new chief flagged he would slash costs, spend capital more carefully and focus on shareholder value after the world's no.3 miner reported a $3 billion loss, its first ever full-year loss.
Policymakers must be careful not to ratchet up rhetoric about "currency wars", which could lead to something worse happening, European Central Bank Vice President Vitor Constancio said on Thursday.
The euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year.
Jens Nordvig, global head of currency strategy at Nomura Securities, tells CNBC why Thursday's EU GDP numbers were important as growth becomes a driver for the economy rather than yield and risk.
Italian police arrested the former head of Monte dei Paschi's finance department, who is at the center of a fraud probe at Italy's third largest bank.
Low consumer confidence in Europe will remain a drag on profits for Nestle , chief executive Paul Bulcke told CNBC on Thursday after group said it expected 2013 to be as challenging as 2012.
Daniele Antonucci, European economist at Morgan Stanley, tells CNBC why Spain's best hope for recovery is to model itself on Germany's export-driven economy.
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Steve Pollard of Marex Spectron says coffee shipments from Brazil have been higher than expected, due to previous years' surpluses.
Every time the oil price looks positive or stable "out comes something negative," says Richard Mallinson, analyst at Energy Aspects.
Russia has been dominating the news recently and its economy is not looking good. Anastasia Nesvetailova, director at City University's political economy research centre explains more.