Archive Europe: Economy

  • *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...

  • LONDON, Sept 23- Emerging stocks nudged lower on Friday but were on track for the biggest weekly gains since mid-July while currencies were more mixed as the prospect of very gradual U.S. interest rate rises continued to support assets from developing economies. "Emerging markets assets will get a bit more support from less tightening in the U.S.," said William...

  • MOSCOW, Sept 23- Russian Finance Minister Anton Siluanov said on Friday that the ministry would continue using one of its sovereign wealth funds and use foreign debt issuance to cover budget deficit in coming years. Siluanov, speaking at a finance conference in Moscow, said that domestic debt issuance next year may be three times higher than this year.

  • Financial information company IHS Markit said its purchasing managers' index— a broad gauge of economic activity— across the single currency bloc fell in September to 52.6 points from 52.9 the previous month. Though the firm did not single out any one factor for the slowdown, such as unease over Britain's vote to leave the European Union, a more detailed look...

  • FRANKFURT, Sept 23- European Central Bank interest rates are probably close to the bottom, even though the bank had hoped the euro zone economy would respond better to its stimulus measures, two top policymakers said on Friday. "Nominal interest rates are now probably close to the low point, which doesn't imply they will rebound soon," French central bank chief...

  • The court said Kerviel was "partly responsible" for huge losses suffered in 2008 by Societe Generale through his reckless financial trades. "I'm hoping to get to zero in the end because I still think I do not owe anything to Societe Generale. Societe Generale's lawyer Jean Veil said the bank was satisfied with the ruling.

  • MOSCOW, Sept 23- Russian Central Bank Governor Elvira Nabiullina said on Friday she hoped that the process of the U.S. Federal Reserve's policy tightening will take place "in a predictable way." She also told an economic forum in Moscow that changes taking place in Chinese economy, a major importer of Russian oil, are a serious factor affecting the world economy,...

  • Europe shares open lower ahead of euro zone PMIs

    European stocks opened lower on Friday as investors awaited the latest data on manufacturing and services activity in the euro zone.

  • UBS Group Chairman Axel Weber.

    The European Central Bank needs to recognize that the Europe's needs cannot be solved by monetary policy, UBS Chairman Axel Weber says.

  • BUENOS AIRES, Sept 22- Argentina said on Thursday the economy shrank 2.1 percent in the second quarter from the first quarter of 2016, as the country remained mired in recession during the first year of President Mauricio Macri's administration. Compared with the same quarter of 2015, gross domestic product shrank 3.4 percent in the April-to-June period, the...

  • LONDON, Sept 22- Bank of England policymaker Kristin Forbes said she did not see a case for a further interest rate cut to help Britain's economy after June's vote to leave the European Union, putting her at odds with the majority of her fellow rate-setters. But Forbes- an external member of the BoE's Monetary Policy Committee- said she believed August's rate cut...

  • LONDON, Sept 22 (Reuters)- European shares climbed to a two-week high on Thursday, boosted by a rally in mining stocks, after the U.S. Fed Chair Janet Yellen said U.S. growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. "Markets are getting support not only from the inaction of the Fed but also...

  • LONDON, Sept 22- Bank of England policymaker Kristin Forbes said she did not see a case for a further interest rate cut to help Britain's economy after June's vote to leave the European Union, putting her at odds with the majority of her fellow rate-setters. But Forbes- an external member of the BoE's Monetary Policy Committee- said she believed August's rate cut...

  • LISBON, Portugal— The International Monetary Fund is still worried about Portugal, saying in its latest report that the country is struggling with fragile economic growth, low investment, high public and corporate debt, and bad loans that are a burden on banks. The IMF notes that Portugal has accomplished "a major economic turnaround" since it needed a 78...

Contact Europe: Economy

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