European equities are poised to open in the red Wednesday morning as market sentiment is curbed by weaker oil prices. The FTSE 100 is seen down by 7 points at 7,405; the DAX is seen lower by 32 points at 13,000 and the CAC 40 is set to open lower by 13 points at 5,303. […]

The prolonged period of low central bank interest rates and rising debt in developed economies poses the greatest risk to financial markets in the medium-term, according to an International Monetary Fund (IMF) executive. David Lipton, the IMF’s first deputy managing director, told CNBC why the enduring trend of quantitative easing, implemented after the 2008 financial […]

Hannover Airport in Germany has lifted its lockdown after being briefly closed following the discovery of explosives, the airport’s service center told NBC News. The explosives were found at the UPS center at the airport. Source: cnbc Airport in Germany lifts lockdown caused by the discovery of explosives

Italian Finance Minister Pier Carlo Padoan is confident that measures implemented by his government to strengthen a fragile banking sector will deliver dividends, based on a declining debt forecast and a number of government reforms. The country, whose banking system has been embattled with non-performing loans (NPLs) amounting to more than 300 billion euros ($353.8 […]

Continuous disruption in the oil and gas industry should be viewed positively, Baker Hughes CEO Lorenzo Simonelli said Tuesday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), Simonelli said, “We have to look at disruption as being our friend.” “The new normal is continuous disruption, we need to take out all the inefficiency […]

Federal Reserve Chair Janet Yellen said that one of the challenges for the central bank is the multiple members it has and how they communicate with the public. “This really is one of the challenges of our system,” Yellen told a European Central Bank panel in Frankfurt Tuesday. “We have a very large committee, 19 […]

Sterling is likely to further weaken amid increasing political instability and sluggish Brexit negotiations, according to a leading economist. Adam Posen, president of the Peterson Institute for International Economics and a former member of the Bank of England’s monetary policy committee, told CNBC on Tuesday that a decline in the pound is to be expected. […]

Tesco won provisional approval for its proposed £3.7 billion ($4.9 billion) takeover of wholesaler Booker from the UK competition regulator on Tuesday, moving Britain’s biggest retailer closer to securing a new avenue of growth. The Competition and Markets Authority (CMA) said, after conducting an in-depth review, that it had provisionally concluded that Tesco’s purchase of […]

United Arab Emirates Minister for Energy Suhail al-Mazroui said Tuesday there is “definitely” an appetite for non-OPEC members to join the 14-member cartel. When asked whether the non-OPEC countries currently complying to the global supply cuts could eventually become official members of the cartel, al-Mazroui replied: “There is definitely a willingness and a wish to […]

Greece will distribute 1.4 billion euros as a social dividend to pensioners and others hit hard by the country’s austerity programmes, Prime Minister Alexis Tsipras said on Monday. The money is available because the country has beaten its 2017 bailout target for a primary surplus – which excludes debt servicing costs – of 1.75 percent […]