GO
Loading...

Enter multiple symbols separated by commas

CNBC Franchise Archive Europe: Economy

More

  • NEW YORK— As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. For instance, Exxon Mobil said Friday it cut spending by $1.54 billion in the second quarter, while Chevron announced it is laying off 1,500 workers.

  • KIEV, July 31- Ukraine on Friday hailed the issue of $1.7 billion of new aid from the International Monetary Fund, saying it would encourage growth in the economy and reassure financial markets abroad and at home. In a statement, Kiev's Finance Ministry said the disbursement of the second tranche of aid under a four-year Extended Fund Facility program would be...

  • Business events scheduled for the coming month Friday, 31 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for June, 10 a.m.. WASHINGTON— Commerce Department...

  • Europe ends mostly higher on last trading day in July Friday, 31 Jul 2015 | 11:30 AM ET
    Europe ends mostly higher on last trading day in July

    European equities closed mixed on Friday after a choppy end to trading in July, as investors eyed key earnings.

  • Greek bailout talks on track: analyst Friday, 31 Jul 2015 | 11:20 AM ET
    Greek bailout talks on track: analyst

    Blanka Kolenikova, senior analyst at IHS Country Risk, explains why the markets are ready for the Greek stock exchange to reopen.

  • Georgia's economy slows in H1 from last year Friday, 31 Jul 2015 | 10:29 AM ET

    TBILISI, July 31- Georgia's economic growth slowed to 2.6 percent in the first half of this year compared with 6 percent in the same period last year, the National Statistics service said on Friday. Gross domestic product grew 4.7 percent last year, missing the government's initial forecast of 6 percent. Georgia, which is traversed by pipelines carrying Caspian...

  • Portuguese-speaking countries such as Angola and Brazil, which have drawn tens of thousands of Portuguese workers in recent years, face economic difficulties, including rising unemployment. Lisbon Stock Exchange researchers said in a report published Friday that the emigrants' return "could create additional stress the Portuguese social welfare and...

  • NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. Banks, money market mutual funds and other investors do not want to be stuck with low-yielding debt when the U.S. central...

  • MADRID— Spain's prime minister Friday promised a 1 percent pay rise for Spain's 2.5 million civil servants in the 2016 budget, their first hike in five years after public spending was reined in because of the country's economic crisis. Spain was battered by the global financial crisis and only emerged from a double-dip recession at the end of 2013. It still has a...

  • Who needs the Fed? The rate hike cometh on its own Friday, 31 Jul 2015 | 8:00 AM ET

    NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market aren't waiting around. Banks, money market mutual funds and other investors want to avoid being stuck with low-yielding debt when the U.S....

  • Russia's central bank cuts key interest rate Friday, 31 Jul 2015 | 7:09 AM ET

    MOSCOW— The Russian central bank cut its key interest rate by 0.5 percentage points to 11 percent on Friday, bowing to the pressure of businesses to make lending more accessible. Moscow- based investment bank Sberbank CIB said in a note to investors that Friday's 0.5 percentage cut is not as big as anticipated, indicating that the central bank wants to "play it safe"...

  • *Gold eyes biggest monthly fall since June 2013. LONDON, July 31- Gold slipped on Friday and was on course for a sixth straight weekly fall, its longest retreat in 16 years, as the dollar remained firm after upbeat U.S. economic data encouraged bets on the Federal Reserve raising interest rates in September. "Gold is an asset that pays no interest or coupon and the rate...

  • Unemployment, inflation stable in 19-nation eurozone Friday, 31 Jul 2015 | 5:04 AM ET

    The European Union's statistical agency, Eurostat, said Friday that the jobless rate stood at 11.1 percent in June, unchanged for a third straight month after declines earlier in the year. Among the euro member states, Greece had the highest rate at 25.6 percent and Germany the lowest level at 4.7 percent. The EU's executive Commission has been pushing hard to...

  • Euro zone July inflation: Results Friday, 31 Jul 2015 | 5:00 AM ET
    Euro zone July inflation: Results

    Euro zone inflation for July remained steady at 0.2 percent.

  • *Spending in shops up 2.5 percent in first half. *Annual retail sales soar by 5.1 percent in June. BERLIN, July 31- German retail sales recorded their strongest first-half increase in at least 20 years, data showed on Friday, strengthening expectations that private consumption will be a major growth driver for Europe's largest economy this year.

  • China stocks post biggest monthly loss in 6 years Friday, 31 Jul 2015 | 4:02 AM ET
    Investors look at computer screens showing stock information at a brokerage house in Qingdao, Shandong province, China.

    Squawk Box Live in Europe kept you updated with all the major market news on the last trading day of a very volatile month.

  • LONDON, July 31- The dollar steadied near a one-week high against a basket of currencies on Friday and was on track for an almost 2 percent monthly rise, with the latest U.S. growth data supporting the case for the Federal Reserve to raise interest rates this year. "Expectations of a September rate hike were probably marginally firmed up on the growth data but it...

  • BERLIN, July 31- German retail sales posted their strongest first-half increase in at least 20 years, data showed on Friday, strengthening expectations that private consumption will be a major growth driver for Europe's largest economy this year. The 2.5 percent increase in shopping activity in real terms from January to June was the largest increase on...

  • Don't put too much weight on German data: FX strategist

    Hans Redeker, global head of FX strategy at Morgan Stanley, discusses the German economy and prospects for the euro.

  • SEOUL, South Korea— China's stock market extended its loss for a second day while other Asian stocks were mostly up Thursday after data showed the U.S. economy posted solid growth during the second quarter. Japan's Nikkei 225 was flat at 20,525.29 while Hong Kong's Hang Seng index rose 0.4 percent to 24,602.11. Stocks in Australia and New Zealand were higher as...

Contact Europe: Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.