The European Central Bank (ECB) still plans to take action to combat the problem of low and falling inflation despite holding off and disappointing markets over the past few months, Portugal's finance minister told CNBC.
Citigroup announced slightly lower revenues for the first few months of the year on Monday as the bank worked to shed its “too-big-to-fail” image and convince federal regulators it remains among the strongest banks in the US.
Where is this top firm in its cost cutting efforts ?
Tales from the trading floor.
'Making targeted headcount reductions in light of current market conditions'.
It may take the lion's share of advertising spending online, but Google is also raising its spending on adverts in the UK, which was up by 50% last year to £45m, ahead of telecoms firm O2, National Lottery operator Camelot and confectionery firm Mars.
U.K. property prices are set to cool as borrowers will face tighter lending restrictions and an increase in housing supply will ease the price surge in the country, according to a new report.
Banque de France Gov. Christian Noyer says the bulk of the European financial crisis is over, though he added that the European Central Bank stands "ready to act" if the euro appreciates.
A high-flying City of London executive managed to dodge paying the full fare on his daily commute into London for five years - and took only three days to pay back the £43,000 ($72,000) he owed when he finally got caught.
A Citigroup employee in Mexico left the bank’s offices with documents related to a suspected $400m loan fraud, according to two people briefed on the incident.
Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly.
Despite topping 7000 for the first time in its history, the blue-chip FTSE 100 index finished down in 2016.