Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.» Read More
CNBC's Kelly Evans reports on all the market moving events from Europe, as shares recede from 4-month highs.
With “low-cost” flights to Spain more expensive than ever, a general and tourism industry VAT (sales tax) rise and a sharp fall in bookings, there are fears that tourism — the jewel in Spain’s economic crown — will not be able to retain its luster as the economy falters there, and beyond.
“We can do it alone” is the latest rallying cry to be heard in Italy as economists and politicians shower Mario Monti with proposals to use the country’s own vast but often dormant resources to slash its debt mountain rather than become hostage to the perceived diktat of Germany and Brussels. The FT reports.
Gabriel Stein, CEO of OMFIF, says trying to keep the euro zone together will lead to an economic catastrophe, protectionism and nationalism in Europe.
The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.
The US wants China and Arab states to help foot the $3bn bill for a deal designed to unlock oil production and set Sudan and South Sudan back on the path to peace, the FT reports.
Charles Morris, Head of Absolute Return at HSBC Global Asset Management says EZ bonds yields are much better and European stock markets will rally.
Several senior British MPs accused U.S. regulators of pursuing an anti-City of London agenda in its assault on Standard Chartered, suggesting it was part of an apparent campaign to weaken a rival financial center. The FT reports.
Disney beats earnings; S&P cuts Greece outlook; Priceline plummets after disappointing earnings and magazine sales decline.
Manpreet Gill, Senior Investment Strategist, Standard Chartered talks about taking advantage of volatility in the markets, calling this a good opportunity to average into desired asset classes.
Boris Schlossberg, MD of FX Strategy at BK Asset Management says the euro faces stiff resistance at the 1.25 level. In order for it to break that, there will need to be clear action from the ECB.
In the final stretch of earnings, and data out of Europe, Paul Christopher, Wells Fargo; Chad Morganlander, Stifel Nicolaus; and Craig Hodges, The Hodges Fund, discuss what's on their radar for tomorrow's trading session.
Norway is confronting both a strong currency and a housing boom, complicating interest rate policy.
Financial Web site NerdWallet is reporting that the ten most profitable companies in the U.S. paid a tax rate of just 9 percent last year. Seth Hanlon, Center for American Progress, says companies should not be gaming the system like that. Meanwhile Dan Mitchell, Cato Institute, says the real problem is the tax code itself.
With global risk appetite set to improve, the sun isn't rising on the yen, says this strategist.
Discussing whether President Obama is paying enough attention to the fiscal cliff, with Diana Furchtgott-Roth, Manhattan Institute, and David Callahan, Demos Public Policy Center.
Despite some warning signs from the club's balance sheet and ownership, the roadshow is scoring well in advance of the offering.
Rackspace CEO Lanham Napier talks to CNBC's Jon Fortt about what led to the company's revenue beat and improving margins.
CNBC's Carl Quintanilla reports shares edged higher in a volatile trading session across Europe today, including a gain in the euro, and a look at the impact on U.S. markets, with CNBC's Bob Pisani. Also, Gary Kaminsky shares his thoughts on Chesapeake Energy.
James Millstein, Millstein & Co. chairman & CEO, discusses whether Europe's leaders will be able to shore up banks and stem the ongoing sovereign debt crisis. Also, a look at whether the TARP program was effective in stabilizing the U.S. banking system.
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The World Cup final will be different to Brazil's recent thrashing, says Ramon Vega, CEO and founder of Vega Swiss Asset Management, who argues Argentina really wants to win.
The market's negative reaction to India's budget is the result of both unjustified expectations and external factors, says Shweta Singh, economist at Lombard Street. .
European shares ended the day flat on Friday, as traders shrugged off some concerns about the condition of Portugal's banking sector, which had dragged global markets lower on Thursday.