Archive Europe: Economy

  • 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...

  • 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,...

Contact Europe: Economy

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