European stocks are expected to open higher Friday morning, as investors monitored a fresh batch of corporate earnings. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 14 points higher at 7,568, while the German DAX is set to start on a positive note, up 36 points at 13,475, and the […]

Venezuela on Thursday announced plans to restructure its burgeoning foreign debt, a move that may lead to a default by the cash-strapped OPEC nation whose collapsing socialist economy has left its population struggling to find food and medicine. President Nicolas Maduro vowed to make a $1.1 billion payment on a bond maturing on Thursday, but […]

Before the Catalonia crisis, Spanish Prime Minister Mariano Rajoy’s popularity ratings were in the doldrums. But his leadership during the Catalonia constitutional crisis has given him and his Partido Popular (PP) a boost. Over the last month, Rajoy’s government has been uncompromising with Catalonia’s separatists following the region’s illegal independence referendum on October 1. Last […]

Spain’s High Court is likely to issue a warrant for the arrest of the former Catalan President Carles Puigdemont after the pro-independence leader failed to appear at a court hearing on Thursday. Spain’s High Court issued a summons for Puigdemont and 13 of his colleagues to appear in the Madrid-based court on Thursday and Friday. […]

Telecommunications corporation Orange has launched its own bank, it was announced Thursday. Orange said its mobile-based retail bank is available in France and offers customers current accounts, bank cards, overdraft lending, a free insurance package and a savings account. “With Orange Bank, this is an important new chapter in our history: Orange is now also […]

Sterling dropped sharply against the U.S. dollar Thursday after the Bank of England announced the first rate hike since the financial crisis, but said any subsequent rises would be gradual. The pound was trading at $1.3113 shortly after midday London time, but was close to $1.322 just before the rate decision. It was down nearly […]

The Bank of England (BOE) raised interest rates for the first time in more than 10 years Thursday, a landmark move after borrowing costs had slumped to the lowest level on record. Alongside Governor Mark Carney, the majority of rate-setters at the U.K.’s central bank voted in favor of hiking the benchmark rate to 0.5 […]

Investors are becoming too relaxed about the future direction of the Federal Reserve and need to pay closer attention to the composition of its next board of governors, a strategist told CNBC. The next leader of the U.S. Federal Reserve will be named Thursday and most expect President Donald Trump to have chosen Jay Powell, […]

Banks have “little or no appetite” to get involved with bitcoin and cryptocurrencies due to fears of a bubble and illicit activity associated with it, the chief executive of Credit Suisse said Thursday. “I think most banks in the current state of regulation have little or no appetite to get involved in a currency which […]

Bombardier said on Thursday it received a letter of intent from a European customer to buy up to 61 CSeries jets, while reporting a larger loss for the third quarter. The Canadian plane and train maker said the letter of intent includes 31 firm orders and options for another 30 jets. Based on list prices, […]