×

Europe News Eastern Europe

  • The European Union said Tuesday that it has asked to participate in World Trade Organization talks over Chinese copyright and trademark policy initiated last month by the administration of U.S. President George W. Bush.

  • Global stock markets are forging ahead with the Dow Industrials claiming the 13,000 level but as February's sudden sell-off reminded investors, things can change in a hurry.  In this special report, CNBC World's Worldwide Exchange program teams up with CNBC.com for a global stocks outlook.

  • 2007 Toyota Camry

    The news out of Tokyo that Toyota eclipsed General Motors in 1Q sales is likely to elicit the usual round of "Detroit is dying" stories in the media. However, this news is not a surprise and does not mean Detroit is dead. Are the Big Three struggling to find their way domestically and globally? You bet.

  • Renault Logan

    At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.

  • “M&A is going to continue, but the big driver is going to be earnings … it’s the heaviest week of earnings and that will dominate,” said Patrik Schowitz, European Equity Strategist at HSBC.  

  • Russia's Gazprom has shortlisted four firms for a project to build a liquefied natural gas plant on the Baltic Sea and will pick one or two equity partners in July, an executive said on Thursday.

  • The European banking sector saw momentum on the back of the potential takeover of Dutch bank ABN Amro. A consortium of Royal Bank of Scotland, Santander and Fortis could potentially outbid the current bid from British bank Barclays.

  • Euro-zone inflation rose to 1.9% for March, the European Union's statistics agency said Monday.

  • fitchratings_logo1.jpg

    The European Central Bank kept short-term interest rates on hold Thursday as expected, but economists and investors think that another rate rise is due this summer.

  • Shares in German sportswear maker Puma rose after French luxury-to-retail giant PPR (up 2.61%) made a 5.3 billion euro ($7.1 billion) takeover bid for the company.

  • Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.

  • The newly merged transatlantic exchange operator NYSE Euronext made its debut in Paris when it started trading as a combined company on Wednesday.

  • Shares in the world’s largest utility E.ON increased considerably after it gave up its 42 billion euro bid ($56 billion) for Spanish utility company Endesa (down 0.69%), agreeing to split it up with rivals.

  • Shares of Italy’s Pirelli soared to 9.67% Monday morning after it revealed late Sunday that it was in talks with U.S. telecom giant AT&T and its Mexican affiliate America Movil to sell two-thirds of its 80% stake in holding company Olimpia for 2.82 euros a share less debt.

  • Risk to euro zone inflation remain and the European Central Bank will do what is necessary to ensure stable prices, the authority's president, Jean-Claude Trichet, said in newspaper interviews published on Monday.

  • Cap Gemini’s shares increased  2.37% in Paris trade Friday after Exane BNP Paribas upgraded the IT group from ‘neutral’ to ‘outperform’, citing the company’s strong growth prospects based on its business mix, cost control and use of off-shoring.

  • Shares of caterer Compass Group gained 5.78% in midday London trading Thursday after it reported that trading in the first 5 months of the year has been ahead of its expectations and the sale of its European vending business is progressing.

  • Germany's unemployment rate fell to 9.8% in March from 10.1% the month before, the country's Federal Labor Office said Thursday, a steady decline that reflected the overall upswing in the labor market.

  • Despite concern over the U.S. economy, European finance ministers stuck to forecasts of solid economic growth in their part of the world this year as a second day of policy talks got underway in Brussels on Tuesday.

  • Here are some of Monday's big movers on European stock markets