Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, but its shares, after a short-lived boost on the news, fell back after a Moody's downgrade.
London has established itself as the world's financial center, but what does the UK capital have to offer for those with cash to splash? CNBC's Ross Westgate and Louisa Bojesen found out.
Consumer spending power in the UK has fallen dramatically as price hikes impact the cost of living, according to an Ernst & Young survey. Dan Murphy from Ernst & Young discusses the survey's findings.
Stock markets may have suffered heavy selling in recent months, but NYSE Euronext is experiencing high levels of market activity, deputy CEO Jean-Francois Theodore told CNBC Friday.
Auto makers with low margins and high volumes, like Renault and Peugeot, could be squeezed by steel price rises, Nick Fothergill from Lehman Brothers told CNBC Friday.
The European Central Bank is giving mixed messages by raising rates and indicating they are now neutral, Dr. Klaus Wellershof from UBS told CNBC Friday.
With the US economy continuing to decline, Daniel Korski from European Council on Foreign Relations considers whether the country's reign as the world superpower is coming to an end.