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CNBC Franchise Archive Europe: Economy


  • *Deutsche Bank seen avoiding capital increase, down 0.8 pct. *Telefonica down on reported mobile merger doubts. MILAN, Oct 8- European shares were little changed on Thursday, with profit taking across several sectors offset by stronger auto stocks, while Deutsche Bank was volatile after rigorously cleaning up its balance sheet.

  • *BoE votes 8-1 to keep UK rates at 0.5 percent for Oct. LONDON, Oct 8- The Bank of England showed no sign it was close to raising interest rates as it voted once again to keep them at a record low and said the outlook for inflation in coming months looked weaker than it previously thought. "The language on inflation was relaxed," BNP Paribas's Dominic Bryant said as he...

  • LIMA, Oct 8- International Monetary Fund chief Christine Lagarde urged global policymakers on Thursday to support economic growth while also tackling financial risks stemming from the provision of easy money amid a "rapidly changing and uncertain world." Lagarde, presenting a Global Policy Agenda at the fund's annual meeting in Peru, said a recovery in the...

  • *Economists point to weakness in China. A stream of negative headlines, from weak industrial orders and output data to Volkswagen's emissions scandal and Deutsche Bank warning of a 6 billion euro pre-tax loss in the third quarter have raised the risks of disappointing Q3 growth. "Given the recent spate of poor August data, the latest trade numbers are not such a...

  • The Labor Department said Thursday that weekly applications for jobless aid fell 13,000 to a seasonally adjusted 263,000. The four-week average, a less volatile figure, has fallen 8.2 percent over the past year to 267,500.. "While last week's employment report showed a notable slowdown in payrolls, the jobless claims data continue to send an upbeat signal...

  • *Minutes show euro zone policy setters worried about China. FRANKFURT, Oct 8- European Central Bank policymakers were warned in September of risks to the euro zone economy from a slowdown in emerging markets led by China, seen until recently as the world's main economic engine. The concerns were expressed at the ECB's Sept. 2-3 policy meeting, minutes of which were...

  • Overflowing dustbins in Paris

    As trash piled up on Paris streets because of a garbage collectors' strike, workers occupied a building amid frustration over spending cuts.

  • LONDON— The Bank of England has kept its main interest rate at a record-low 0.5 percent as policymakers remained wary about global economic uncertainty. Minutes released alongside the decision Thursday show that only one member of the nine-strong Monetary Policy Committee, Ian McCafferty, voted for an increase. Capital Economics' chief U.K. economist Vicky...

  • ECB: EM markets clouding global outlook

    Richard Barwell, senior economist at BNP Paribas Investment Partners, gives his reaction to the European Central Bank’s latest published minutes.

  • BoE rate hike? Wait until Feb or May 2016

    As the Bank of England holds off from raising rates, Richard Barwell, Senior Economist, BNP Paribas Investment Partners, gives his predictions as to when they might lift rates.

  • BoE minutes lacked ‘snap and crackle’

    CNBC’s Catherine Boyle discusses what’s troubling the Bank of England right now, in relation to raising interest rates.

  • Property market 'sensitive' to rate rises: Pro

    Lucian Cook, head of residential research at Savills, discusses how in the medium-term, the U.K. property market is impacted by a Bank of England interest rate rise.

  • BoE keeps rates at 0.5%

    The Bank of England has maintained its base rates at 0.5 percent. CNBC’s Wilfred Frost reports.

  • Is BoE waiting on the Fed?

    Has recent soft U.K. data pushed back the Bank of England’s decision to raise rates, or is it the Fed? Jeremy Stretch, head of FX strategy at CIBC, discusses.

  • What the BoE should really be focusing on

    Adam Posen, president of Peterson Institute for International Economics and former BoE MPC Member, discusses China's influence on central banks, and why the BoE should focus on data, not timing.

  • PARIS, Oct 8- Growth seems to be easing off in most of the world's major economies, including the United States and more notably in China, the Paris- based Organisation for Economic Co-operation and Development said on Thursday. However, the euro zone was stable, with growth actually firming up in euro zone countries France and Italy, and also in India.

  • PARIS— As trash piled up on Paris streets because of a garbage collectors' strike, workers occupied a city building Thursday amid frustration over spending cuts across the French economy. Unions, whose workers occupied waste incineration plants in the Paris region earlier this week, argue that wages aren't keeping up with the cost of living and too few garbage...

  • PHNOM PENH, Cambodia— Cambodia announced Thursday it will raise the minimum wage for clothing workers by 9.4 percent to $140 a month, hoping to ease tensions in the country's main export industry. A Labor Ministry statement said the government is increasing the wages on instructions from Prime Minister Hun Sen after eight days of tense negotiations in a...

  • The group of four institutes said they expect Europe's biggest economy to grow by 1.8 percent this year— down from the 2.1 percent prediction in April. Despite the downgrade, Germany's economy is set to grow faster this year than the 1.6 percent it recorded last year. Germany's unemployment rate should drop from an average 6.7 percent in 2014 to 6.4 percent this...

  • Would BoE dare to hike before Fed?

    Adam Cole, head of currency strategy at RBC, explains why the market is “far too sanguine” in where it prices an interest rate hike by the Bank of England.

Contact Europe: Economy


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