Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
"In a normal year before 2008 you’d find 20 percent of the £2 million-plus market was ‘City money’," says a London real-estate agent.
Emerging market currencies have been laggards, but this strategist thinks that could change.
Spain borrowed money at the lowest rates in months on Thursday, but the country's business leaders want the government to seek help from the European Central Bank to prevent the country’s interest rates from rising again.
European shares closed lower Thursday, hurt by a disappointing business activity report and amid ongoing worries over global growth.
Safer to own than to consume, tobacco stocks have earned enormous returns for investors during the euro zone crisis, mimicking the safe haven of the fixed-income markets sought by jittery investors.
The euro takes a hit and investors ready for more central bank moves — it's time for your FX Fix.
Job-description messages in the "Mission: Impossible" movies self-destruct in five seconds. In the British banking world, the latest was printed in the employment pages for everyone to see.
The European Central Bank is facing renewed calls to publish the minutes of its monthly meetings so that the public can see more clearly which way members of the interest rate-setting committee have voted, the FT reports.
Forget the sharp slide in oil prices. What’s really concentrating minds in oil markets is the huge sums at stake in a bet on the direction of Brent and WTI — the world’s most heavily traded crude benchmarks.
Indian opposition parties and shopkeepers launched a day of protests and strikes on Thursday against a rush of economic reforms by the Congress-led coalition government, which include cuts in diesel fuel subsidies and the liberalization of the retail trade. The FT reports.
François Hollande and Angela Merkel will seek to agree a joint position at a meeting on Saturday on the €35 billion combination of EADS and BAE Systems to create the world’s largest defense and aerospace company by revenue. The FT reports.
The EU has stalled a controversial trade case against Chinese telecommunications companies, defusing a row with Beijing on the eve of premier Wen Jiabao’s last summit with European leaders. The FT reports.
“Mad Money” host Jim Cramer weighs in.
Don't look now, but the rally in risk-sensitive currencies could be sputtering.
It may be quiet in stocks and crickets on the deal front this year. But credit markets are roaring as companies vacuum up capital.
European shares advanced on Wednesday, led by autos, as the Bank of Japan became the latest central bank to launch fresh stimulus to boost its economy.
Manchester United fans will be rooting for the club when they play Turkey’s Galatasaray in the opening match of their European Champions League on Wednesday night. But the ones cheering the loudest may be the club’s shareholders — after all their investment depends on it.
Europe must aim for full-blown unity which would see monetary and political union entwined with a currency union rivaling the United States, the U.K. and Japan, analysts told CNBC Wednesday.
The devil may have much more than the best tunes. To listen to the president of Germany’s Bundesbank, he also offers the best cautionary tale about the perils of state financing by a central bank. The FT reports.
Prominent conservatives joined Barack Obama in condemning Mitt Romney over leaked comments portraying the US president’s supporters as dependent on government, draining momentum from the challenger’s faltering campaign. The FT reports.
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Tim Graf, head of macro strategy for Europe at State Street Global Markets, says that global confidence, while still high, is deteriorating.
The underlying problems in Europe's southern economies have not been solved, says Hans-Werner Sinn, president at the Ifo Institute. He also criticizes the ECB potential use of quantitative easing.
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.