The news on Russia’s economy seems to be going from bad to worse, with a downgrade of its sovereign credit rating by ratings agency Moody’s.» Read More
Europe has made progress in reforms that have helped to rebalance the euro zone economy, but the currency bloc must continue with these efforts to restore confidence, says the EU's top economics official Olli Rehn.
Markets close across Europe, and CNBC's Simon Hobbs discusses how stocks are trading amid the extension of the deadline on the Greek bond buyback and after Italy's Prime Minister Mario Monti announced his plans to resign after the approval of Italy's 2013 budget.
Mario Monti’s announcement that he will step down as Italy’s Prime Minister represents a significant setback in the euro zone’s rehabilitation, analysts warned on Monday, with the decision set to push up Italian bond yields and heap pressure on the euro as well as push Spain closer to the edge of a funding crisis.
CNBC's Kelly Evans reports on all the market moving events from Europe, including Italian markets falling after its Prime Minister Mario Monti announced his resignation plans.
Greece will extend a debt buyback that forms part of its international bailout for an extra day to receive additional offers from bondholders, a government official said on Monday.
Silvio Berlusconi has confirmed he is planning a comeback just a year after an ignoble exit from office, but Italian stocks and bonds sold-off on the news.
British business minister Vince Cable said Britain could fall back into recession for a third time since the 2008 financial crisis but expected the economy to stagger on with minimal growth.
Patrick Bennett, FX Strategist at CIBC tells us why he thinks the latest trade data from China was disappointing.
Markus Rosgen, Managing Director & Head of Asia ex-Japan Equity Strategy, Citi says that he is still "underweight" on Chinese stocks, compared to Hong Kong equities.
Alan Oster, Group Chief Economist, National Australia Bank sees a 5 to 10 year recovery process in the euro zone. He says the issue of social stability has been neglected in the region's debt talks.
Damon Vickers, Managing Director & CIO, Damon Vickers & Co. says the U.S. and Europe are moving towards more "feel-good" policies which will impede recovery and progress.
Greg Gibbs, Senior Currency Strategist, RBS cites weak economic data and political uncertainty in Europe as reasons to sell the euro. He sees the currency falling to 1.24 against the dollar by the end of the year.
Mario Monti told the Italian president he is resigning soon, saying he can no longer govern after Silvio Berlusconi's party withdrew support.
Italian police have been carrying out checks at the Milan offices of Facebook to assess whether it regularly declared its income in Italy.
The cast of Les Miserables movie told CNBC that this year was particularly timely for the film to be released.
Although the stream of gloomy economic data for the euro zone continues unabated, new downbeat forecasts by the European Central Bank's staff as well as Germany's central bank are too negative, Giles Keating, Head of Research at Credit Suisse said on Friday.
Wage growth remains far below pre-crisis levels and has fallen into the red in developed countries, according to the International Labor Organization (ILO).
France's finance minister said on Friday he was not campaigning to replace Jean-Claude Juncker as the new chairman of euro zone finance ministers.
The head of one of France's biggest companies has warned that France's problems dwarf those of the U.S.
Starbucks $450 gift card is made of stainless steel and will only be available in limited quantities through a luxury goods website. Is the Starbucks $450 steel gift card a sign that Starbucks is going "1 percent" on us? Or is it just harmless, splurgy fun?
Get the best of CNBC in your inbox
Neelie Kroes, EU digital commissioner and AOL CEO Tim Armstrong join CNBC at TechCrunch Disrupt to discuss startups in Europe.
Justin Kan, partner at Y Combinator which funds startups explains why there has never been a better time to start a company.
European shares closed lower on Monday with investors reacting to corporate earnings and acquisition deals.