British regulators said on Friday they had fined Barclays Chief Executive Jes Staley a total of 642,430 pounds ($870,428.41) for breaching conduct rules by attempting to identify who had sent letters criticizing a Barclays employee. The fine by the Financial Conduct Authority and the Prudential Regulation Authority included a 30 percent discount for Staley agreeing […]

Israel bombed more than 35 sites in Syria — both Iranian and Syrian — early Thursday in response to a rocket attack it said was launched by Iran just after midnight local time. Amid a rapid escalation of regional tensions, the strikes have thrust a simmering shadow war out into the open. Israel’s military claimed […]

The world’s largest steelmaker ArcelorMittal reported on Friday higher-than-expected first-quarter earnings, helped by a sharp pick-up in metal prices. The company said outlook for 2018 had improved as the year progressed. The company’s first-quarter core profit (EBITDA) rose 13 percent year-on-year to $2.51 billion, above the average $2.33 billion expected in a Reuters poll of […]

European markets are expected to begin Friday on a relatively upbeat note, supported by a strong trading session seen in both Asia and in the U.S. Looking to major bourses, the U.K.’s FTSE 100 is seen opening up 14 points at 7,715, while the French CAC 40 is expected to slip 9 points at 5,537, […]

The yield on Italian government 10-year bonds rose to a seven-week high Thursday, while stocks sold off, following news that former Prime Minister Silvio Berlusconi will not stand in the way of a new coalition government. The anti-establishment Five Star (M5S) and right-wing Lega parties are said to be closing in on an agreement to […]

Food prices in Britain are set to rocket if the U.K. is unable to secure a free trade deal with the European Union (EU), a report by the House of Lords warned Thursday. A bleak assessment by the upper house of Britain’s parliament said that failure to secure a tariff-free deal would split Britain into […]

Apple has scrapped plans for an 850 million euro ($1 billion) data center in Ireland. The tech giant said Thursday that it would not be going ahead with the project as its planning application had been faced with delays. Ireland’s High Court approved that the company could go ahead with its data center in October, […]

The Bank of England (BOE) held interest rates steady on Thursday, after a first-quarter slowdown in economic growth tarnished the case for higher borrowing costs. The decision marked a sharp contrast to widespread expectations of just a few weeks ago, as Threadneedle Street voted 7-2 to keep rates on hold at 0.5 percent. Earlier in […]

Bank of England Governor Mark Carney is addressing a press conference following the U.K. central bank’s decision to leave interest rates unchanged. The decision was mostly expected after Carney gave dovish comments in an interview with the BBC, saying that Brexit uncertainty could slow the pace of rate hikes. Markets were pricing in less than […]

One of the largest lenders in Italy is studying options to make new partnerships and improve its operations across Europe. Carlo Messina, chief executive officer at Intesa Sanpaolo told CNBC on Thursday that he is looking at potential new partners to scale up the business, after last month closing a deal with debt collection company […]