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Europe Top News and Analysis Belgium

  • *Six U.K. P&I clubs account for half market share. *Two P&I clubs already regulated in Luxembourg. LONDON, Feb 24- U.K.- regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

  • *Six U.K. P&I clubs account for half market share. *Two P&I clubs already regulated in Luxembourg. LONDON, Feb 24- U.K.- regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

  • LISBON, Feb 24- Portugal is set to exit the EU excessive deficit procedure if the European Commission confirms its latest forecasts for this year and next in a new assessment in the spring, a top EU official said on Friday. The commission's latest forecast pointed to a 2.3 percent deficit but "in any case, Portugal has outperformed on the target set by the Council" in...

  • ATHENS, Greece— Greece's era of austerity is over, Greek Prime Minister Alexis Tsipras claimed Friday, as he painted a positive picture of the reforms his government has agreed to take after the bailout program ends in 2018.. Speaking in parliament, Tsipras described the deal reached Monday as an "exceptional success" and said it showed the country's creditors...

  • BRUSSELS— The head of the European Union's executive commission says he does not want a "hard border" between Northern Ireland and member state Ireland once Britain has broken away from the bloc. Once the divorce proceedings are complete, possibly sometimes in 2019, the EU could in theory have a hard border with the U.K. through Ireland. Northern Ireland is part of...

  • BAKU, Feb 23- The Southern Gas Corridor will start pumping gas from the Caspian Sea to Europe by 2020, its backers said on Thursday, despite the risk of delays to this option for reducing dependence on Russia. Politicians and ministers meeting in Baku backed the $40 billion, 3,500- km chain of pipelines, a step towards curbing Russia's one-third share of Europe's...

  • BRUSSELS, Feb 23- EU chief executive Jean-Claude Juncker assured Irish Prime Minister Enda Kenny on Thursday that his negotiators would push to protect Ireland's interests around Northern Ireland during Brexit talks with London. Kenny met European Commission President Juncker and EU Brexit negotiator Michel Barnier in Brussels, where he stressed...

  • FRANKFURT/ LONDON, Feb 23- Brussels Airport is being prepared for a potential sale as one of its owners is planning an exit from Belgium's main hub, according to several people close to the matter. Brussels is Europe's 26th largest airport, located in Zaventum just outside the city which houses the main European Union and NATO headquarters. Brussels airport is the...

  • Speaker of the House Rep. Paul Ryan (R-WI).

    Here are some of the key stories CNBC is following this hour.

  • *Banks hurt economy, Italy saddled with pile of bad loans. BRUSSELS, Feb 22- The European Commission warned Italy on Wednesday it risked disciplinary action if it did not adopt promised measures to cut its deficit, adding to pressure on a government facing possible early elections and rising euro-skeptic sentiment. Italy is set to increase its huge public debt...

  • The presidential candidate from the anti-EU, anti-immigration National Front party is all about national sovereignty and independence. She wants France to take control of its money, subject to a referendum that would lead France out of the European Union and its shared currency. But how would France pull off a euro exit, or "Frexit"?

  • BRUSSELS— Italy's government was put on notice Wednesday that it may be sanctioned by the European Union for not getting the country's debt levels down. In a report on Italy's debt, the executive European Commission urged Rome to take more cost-saving measures, worth up to 0.2 percent of its annual GDP. In a series of tweets, Italian Finance Minister Pier Carlo...

  • BRUSSELS— The European Union's budget watchdog is seeking a 29.8 million-euro fine for Austria after accusing one of its regions of providing false debt data over two years. The European Commission said Wednesday that "serious negligence of government entities of Land Salzburg led to the misrepresentation in the statistical notifications of 2012 and 2013...

  • BRUSSELS, Feb 22- The European Commission warned Italy on Wednesday it could launch a sanctions procedure over the country's growing debt if Rome did not by the end of April adopt new belt-tightening measures worth at least 0.2 percent of its gross domestic product. But the EU executive commission had little room for leniency as Italy is set to increase its huge...

  • BRUSSELS— European Union finance ministers agreed Tuesday to roll out further measures to prevent multinational companies from exploiting differences in tax rates between countries in the 28- country EU and those outside the bloc. At a meeting in Brussels, ministers backed the new rules, which will target various practices whereby large corporations can...

  • *Poll shows Le Pen narrows election gap, French bonds sold. TOKYO, Feb 21- The dollar gained on Tuesday, taking its cue from higher U.S. The dollar rose 0.5 percent to 113.64 yen, moving back toward its two-week peak of 114.955 yen touched last Wednesday.

  • *Le Pen narrows gap, French bonds sold. *Progress in Greece aid talk gives euro some relief. The euro could face further pressure given there's still time before the election, "said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • Vice President Mike Pence assures the European Union in Brussels the Trump administration will develop their cooperation in trade and security and backs the EU as a partner in its own right. The U.S. military is "not in Iraq to seize anybody's oil," Defense Secretary Jim Mattis says, distancing himself from remarks by Trump, as he holds talks with Iraqi leaders.