Royal Bank of Scotland admitted it submitted erroneous data for European bank stress tests in October and had in fact only just scraped through.» Read More
When cracks recently appeared in beams of the European Parliament ’s main chamber, forcing its closing, one member, Nigel Farage of the U.K. Independence Party, proclaimed that he would “work for the day that the whole democratic facade of the European Parliament is shut as well,” the New York Times reports.
New measures to ease costs for average Germans come at a time when Chancellor Angela Merkel has been pressing struggling European partners to slash public spending. The changes underscore just how uneven the economic outlook is across the continent. The New York Times reports.
The "Squawk on the Street" news crew reports on how today's election will affect trading. Also, a check on automakers, and a strike in Greece.
Challenging economic conditions may persist in Britain, especially for the retail sector, but two stocks are set defy the gloom and shine in the seasonal shopping period, analysts say.
Investors should brace themselves for a sharp drop in stocks following a rally that started in June and moved towards a peak following the announcement of a third round of quantitative easing (QE3) in the United States, David Murrin, CEO at Emergent Asset Management said on Tuesday.
The Aussie lifts on interest rate inaction and the euro slips on Greece - it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, as U.S. voters head to the polls to elect the next President.
Global financial reform efforts are falling behind schedule, regulators have conceded. They are giving the biggest banks extra time to write so-called “living wills” and acknowledge that fewer than one-third of the big financial centers will have Basel III rules in place on time. The FT reports.
Wilbur Ross, Chairman & CEO, WL Ross & Co. says his firm Exco has not yet confirmed a bid for a joint-venture partner project in Chinese shale gas.
The European markets closed lower on Monday as investors remained cautious ahead of Tuesday’s U.S. presidential election. Investors across the globe are nervous as to how the U.S. will contend with an automatic $600 billion in spending cuts and tax hikes at the end of the year — known as the fiscal cliff — after the election.
The dollar gets a safe-haven lift and the Turkey reaches investment grade — it's time for your FX Fix.
CNBC's Kelly Evans reports on all the market moving events from Europe, as investors remain cautious ahead of Tuesday's U.S. presidential election.
Wall Street employees, whose paychecks have often been cut in recent years, are likely to get a slight bump in their bonuses this year. The catch: the increase will come on top of one of the worst years for bank pay in recent memory.
With an external trade surplus of nearly 6 percent of GDP (gross domestic product), virtually balanced public sector accounts and stable prices, Germany has plenty of room for a vigorous stimulation of its stagnant domestic demand.
If Spain becomes the next euro zone economy to seek a bailout by international lenders, low-cost airline Ryanair might be one company to benefit, according to its chief executive.
Germany is leading a growing European movement to let newspaper publishers charge internet search engines for displaying links to their articles — a move market-leader Google warns could cause an internet news blackout, the Financial Times reports.
Gokul Laroia, Head of Institutional Equity, Asia at Morgan Stanley says that most of the liquidity that is flowing into Asia is global capital, which makes decoupling difficult.
Laurence Boone, Head of European Economics, BofA Merrill Lynch Global Research says that any bad news about the U.S. economy is bad for both the markets and the Euro Zone.
Kingsley Jones, Founder and CIO, Jevons Global says that the strong market rally will fade towards the end of the year as investors digest leadership changes in China and the U.S..
Economic troubles abroad are forcing Wall Street and corporate America to play a game of global arbitrage, in a frantic attempt to eke out profits wherever they can be found.
John Ducas, founder at Ducas Capital Management talks about his financial research firm and his assessment processes including using social media platforms for decision-making.
Douglas Morton, head of Asia research at Aviate Global discusses China's recent moves to cut interest rates and how it was a surprise to many because it was such a "broad-based interest cut".
Amjad Bashir, MEP of UKIP talks about what the UK Independence party would bring to the UK, in terms of the EU referendum, cutting the deficit, trade and immigration.