Archive Europe: Economy

  • BEIJING- Asian Development Bank releases its flagship economic publication, its Asian Development Outlook 2016- 0200 GMT MANILA- Central Bank of the Philippines monetary board member Valentin Araneta addresses 2016 Philippine investment conference on "Sustaining Development in a World of Policy Divergence" PRAGUE- Czech National Bank board member Tomas...

  • Treasury Secretary Jack Lew meets with Brazilian President Michel Temer and Finance Minister Henrique Meirelles WASHINGTON- Federal Reserve Vice Chair Stanley Fischer speaks on "Why Study Economics?" WEDNESDAY, SEPTEMBER 28 WASHINGTON- Federal Reserve Chair Janet Yellen gives semi-annual testimony on Federal Reserve supervision and regulation of the...

  • Treasury Secretary Jack Lew meets with Brazilian President Michel Temer and Finance Minister Henrique Meirelles WASHINGTON- Federal Reserve Vice Chair Stanley Fischer speaks on "Why Study Economics?" WEDNESDAY, SEPTEMBER 28 WASHINGTON- Federal Reserve Chair Janet Yellen gives semi-annual testimony on Federal Reserve supervision and regulation of the...

  • The asset move is part of measures demanded by creditors from other eurozone nations as part of Greece's third consecutive international bailout. Creditors argue that Greece's privatization program had been moving too slowly. Greece's left-wing government has fallen behind on implementation deadlines linked to bailout loan payouts— and is clinging to...

  • FRANKFURT, Germany— The president of the European Central Bank says both markets and the economy have been "resilient" in the wake of Britain's vote to leave the European Union. But Mario Draghi cautioned members of the European Parliament in Brussels on Monday that the long-term effects of the breakup "will be much more difficult to foresee."

  • FRANKFURT, Germany— Shares in Deutsche Bank are down sharply after a report that the German government won't intervene with U.S. officials who are pressing the bank to pay $14 billion to settle an investigation into its sales of mortgage-backed securities. Deutsche Bank said it hasn't asked for help with the U.S. and isn't seeking a bailout.

  • LONDON— Turkish financial markets took a battering Monday after ratings agency Moody's downgraded the country's credit grade to junk status to account for a series of shocks to the economy that included a string of bombings and an attempted coup. The sell-off is largely due to Moody's statement late Friday that it was cutting Turkey's government debt rating...

  • LONDON— A survey of company CEOs in Britain suggests that a majority is considering moving some business away from the U.K. amid concerns about the country's future outside the European Union. The results are important because so much of Britain's economy hinges on financial services— some 2 million people across the U.K. are directly or indirectly employed by...

  • BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has increased sharply to its highest reading since May 2014 amid signs that concerns related to Britain's vote to leave the European Union have dissipated. Over recent months, there have been a number of indicators pointing to an economic slowdown in Germany,...

  • Our live blog followed reactions as ECB President Mario Draghi addressed the European Parliament's Committee on Economic and Monetary Affairs.

  • Deutsche Bank plunged as investors worried about the financial health of Germany's largest bank. Pfizer pulled drugmakers down after it announced it won't break up into two companies. European banks tumbled after the German magazine Focus said Deutsche Bank won't get a government bailout if it asks for one.

  • Europe opens lower as US presidential debates, oil eyed

    European stocks opened lower on Monday as global markets gear up for a week dominated by U.S. politics and oil market news.

  • The CBI/PwC Financial Services Survey of 115 firms shows finance houses, building societies and investment firms reported the sharpest drops in optimism as uncertainty after the vote to leave the European Union took hold. The results are important because so much of Britain's economy hinges on financial services— some 2 million people across the U.K. are...

  • *No further cuts seen from Bank of England this year. LONDON, Sept 23- Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central bank policy loses its potency, Pimco's bonds CIO said on Friday. Federal Reserve would raise interest rates, and that the Bank of England would not have to cut rates again...

  • Jack Dorsey

    Our live blog tracked reaction as CNBC's David Faber reported that Twitter has received expressions of interest from a number of technology companies.

  • ATHENS, Greece— The International Monetary Fund on Friday painted a bleak outlook for bailout-dependent Greece, where it said it expects unemployment to stay in the double digits for more than three decades. Greece's economy is under constant scrutiny from its bailout creditors, the IMF and European governments and institutions. They include an energy...

  • Net migration into the U.K.

    CNBC's Gemma Acton reports on the trade-off between controlling migration and retaining single market access.

  • BRUSSELS— Talks for a massive free trade deal between the United States and European Union, the world's biggest economies, appear to be on the rocks. An accord was supposed to breathe new life into global trade, setting a shining example for other countries as they debate whether to knock down barriers to commerce or insulate their home industries.

  • LONDON, Sept 23- Euro zone business activity has expanded at its weakest rate since the start of 2015 this month as growth paths diverged and firms stopped discounting for the first time in a year, surveys showed on Friday. Markit's composite survey showed a big split between buoyant manufacturers and a struggling service sector, and a similar divide in growth...

  • BERLIN— German and French economic and financial leaders are meeting for talks focused on the strengthening of growth and investment in Europe, and the impact of Britain's vote to leave the European Union. The Berlin talks Friday, a regular meeting of the Franco-German Financial and Economic Council founded in 1988, brings together the economy and finance...

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