Britain’s opposition Labour leader Jeremy Corbyn told Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profited speculators at the expense of ordinary people. Morgan Stanley last month warned that political uncertainty in Britain was a bigger threat than […]

Pan-European exchange Euronext has announced its acquisition of 100 percent of the Irish Stock Exchange (ISE) for €137 million ($162.48 million). The transaction represents a move by the ISE to deepen ties with mainland Europe and an effort by Euronext to expand its revenue base and its position in debt and fund listings. Asked if […]

High credit, fierce competition and stretched valuations could be potential market destabilizers, a renowned former hedge fund manager said Thursday. Speaking to CNBC on the sidelines of the Sohn Conference in London, Sir Paul Ruddock, co-founder of Lansdowne Partners, said: “Clearly, credit is an area you’ve got to be concerned about. There’s been a huge […]

European markets are seen opening lower on Friday morning, as investors awaited the U.S. Senate’s vote on tax reform legislation. The FTSE 100 is set to open 16 points lower at 7,313, while the DAX is expected to start down by 27 points at 13,028 and the CAC 40 is poised to open 13 points […]

The question keeps coming up: Do OPEC and Russia not see that their agreement to cut oil supply has allowed shale producers to grow their market share? Russian Energy Minister Alexander Novak, for his part, said Thursday that the increase in shale production was expected. And, had the group of oil producers not agreed to […]

Volkswagen has raised the profit target on its VW-branded vehicles for 2020, after the car manufacturer almost hit the goal nearly three years ahead of schedule. Volkswagen said Thursday that its namesake brand will exceed its 2017 margin target of 2.5 to 3.5 percent. This result is remarkable, considering the hugely disruptive diesel scandal in […]

Finance ministers from Latvia, Luxembourg, Portugal and Slovakia bid on Thursday to replace Jeroen Dijsselbloem as the powerful head of euro zone finance ministers, the Eurogroup, ahead of a vote next week among the 19 countries sharing the euro. The president of the Eurogroup chairs monthly meetings of finance ministers and heads the euro zone […]

Irish Prime Minister Leo Varadkar on Thursday named Foreign Minister Simon Coveney as deputy prime minister, replacing Frances Fitzgerald, whose resignation over a policing scandal on Tuesday allowed the government to avoid a snap election. Varadkar also appointed Heather Humphreys as Minister for Business, Enterprise and Innovation and Josepha Madigan as Minister for Culture. Source: […]

The mayor of London has called on U.K. Prime Minister Theresa May to cancel any plans for an official visit by U.S. President Donald Trump. The U.S. leader caused outrage in Britain on Wednesday after he used his Twitter account to share anti-Islam videos from a U.K. far-right group. A spokesman for the U.K. prime […]

Plans to reform the U.S. tax system are positive not only for the U.S. economy but also for banks, the chief executive of Credit Suisse told CNBC Thursday. “If it goes through it will be a positive for the U.S. economy, for earnings and therefore positive for banks,” Tidjane Thiam told CNBC. “So I think […]