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IMF praise for Greece despite $14bn cash gap

The International Monetary Fund said Greece had made "exceptional" progress in stabilizing its economy and remains on course to emerge from a near six-year recession in 2014, despite missing targets to ax state jobs and the threat of an 11 billion euro ($14.6 billion) gap in bailout financing.Full story

Dollar gains on unexpectedly strong U.S. data; Fed looms

NEW YORK (Reuters) - The dollar rallied on Wednesday, recovering from a one-month low against the yen, as upbeat U.S. economic growth and private-sector jobs data cemented expectations that the Federal Reserve will start to scale back its asset-buying this year. Full story

Bayer Q2 profits jump on new drugs, lower charges

German drug and chemicals company Bayer AG says net profit rose 75 percent in the second quarter thanks to lower one-time charges and strong sales of new products including anti-clotting drug Xarelto and cancer drug Stivarga. Full story

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Articles

BNP Paribas plans Germany expansion after earnings fall

First fall in euro zone unemployment points to muted recovery

Telecom Italia shares drop on capital hike report

Analysis: ECB lending revamp risks more pain in Spain

Euro zone unemployment falls for first time in two years

VW holds its own in tough market

Peugeot bailout gets EU green light

Sarkozy's party fundraising drive boosts comeback hopes

Erste Bank says Hungarian ordeal may be over

German inflation picks up to highest rate this year

Video

  European Markets Mostly Lower

CNBC's Kelly Evans reports on all the market moving events in Europe today as the euro zone's unemployment rate hits a record high.

  The Euro's Great Levitation

CNBC's Rick Santelli and Mark Grant of Southwest Securities talk about how the ECB's rate policy is impacting the euro, and what's behind the rally in the pound.

  Global Markets: European Shares Rebound

CNBC's Ross Westgate reports on all the market moving events from Europe, as better-than-expected euro zone manufacturing data trimmed earlier losses.

  Cyprus Crisis Poses Risk to Euro

The financial situation in the tiny island nation is high on the agenda of the euro zone's finance ministers, reports CNBC's Michelle Caruso-Cabrera.

  Global Markets: European Markets Pullback

CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks slip lower ahead of the euro zone meeting.

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