Pfizer's attempt to take over AstraZeneca through a $110 billion bid would have run aground on changes to U.S. tax laws, even if the companies had reached a deal.» Read More
Here is a question that is exercising central bankers everywhere, particularly those that have embarked on asset purchase and “quantitative easing” (QE) schemes. What to do with one’s billions?
Taxi drivers and hire companies are warning of a worsening shortage of London black cabs that will coincide with the run-up to Christmas, traditionally the busiest time of year for the trade. The FT reports.
Eurozone leaders have given themselves three weeks to finalize an overhaul of Greece’s bailout program, requiring parliamentary backing in creditor countries that are skeptical about reducing Athens’ interest rate burden. The FT reports.
A clear victory by President Obama would boost risk sentiment, this pro says - but not for long.
European equities were lifted by a clutch of strong earnings reports on Tuesday, although volumes were subdued as many preferred to wait for the outcome of the neck-and-neck U.S. Presidential campaign.
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.
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Russian billionaire, Alisher Usmanov, talks about his love of fencing and how it helped him in the investment and business world.
If Switzerland votes "yes" in the Swiss gold referendum, this could compromise the central bank's credibility and its ability to maintain its currency cap, says Nitesh Shah, gold analyst at ETF Securities.
Tony Hicks, chief international officer at LeapFrog, says toy sales escalate in November and December.