LONDON— Britain's economy picked up speed in the second quarter of 2015, when it expanded by 0.7 percent compared with the previous three-month period. The Office of National Statistics said Tuesday that the economic growth in the April-June period accelerated from a rate of 0.4 percent in the previous quarter. Chris Williamson, analyst at Markit.com, says...» Read More
Spain sold more bonds than it had targeted in its third debt sale of the week on Thursday, as the Treasury makes the most of a recent easing in investor concerns.
Twenty percent of Italian companies are set to fail, Intesa Sanpaolo Chief Executive Enrico Cucchiani, told CNBC on Wednesday.
With the ability to produce electricity far beyond the requirements of its population, Iceland is looking into the possibility of laying an enormous "extension cord", which would enable them to export to the huge European market.
Concern is mounting that Germany is drifting apart from other countries at the core of the single currency bloc, notably France.
Just three months after Hong Kong rolled out a tough new round of property cooling measures, home prices have again climbed to record highs with demand unusually strong for new flats.
Regardless of who wins next weekend's parliamentary election, Italy's long economic decline is likely to continue because the next government won't be strong enough to pursue the tough reforms needed to make its economy competitive again.
Cyprus faces a "material and rising risk" of defaulting on its sovereign debt, especially if the euro zone and International Monetary Fund do not come up with aid, rating agency Standard & Poor's said on Wednesday.
Tens of thousands of Greeks took to the streets of Athens on Wednesday during a nationwide strike against wage cuts and high taxes that kept ferries stuck in ports, schools shut and hospitals with only emergency staff.
Investor optimism about the euro zone tally with an untimely credit squeeze within the bloc over the past couple of months.
The number of Britons in work hit a new all-time high late last year and the number of people claiming unemployment benefit fell much more than expected in January, official data showed on Wednesday.
Italy's mainstream politicians have failed to understand a change in mentality in Italy, the head of the anti-establishment "5 Star Movement" (M5S) told CNBC in an interview, adding that his party is now "unstoppable".
Greece's current account deficit narrowed last year to its lowest level since the country joined the euro, adding to evidence that the economy is slowly responding to harsh austerity measures.
German analyst and investor sentiment soared to its highest level since April 2010, beating all expectations with at third successive increase and signalling that financial markets are confident Europe's largest economy has turned a corner.
The rise of the protest vote and support for non-mainstream parties in Italy could lead to a surprise in the national election on Sunday,taking key votes away from established candidates in what looks set to be a close race.
The euro declined against the dollar on Monday after the European Central Bank President Mario Draghi said economic indicators signaled further weakness in the euro zone.
European telecom stocks have declined more than 10 percent over the past year. That sell-off has pushed yields on many large-cap names to between 6 and 10 percent. Yet dividend fund managers who would normally snap up such high yielding stocks are steering clear, worried about the sector's health and the prospect of dividend cuts.
German banks' use of European Central Bank crisis funding dropped by a third in January from the previous month, a further sign that banks in the heart of the euro zone are returning to money markets after last year's credit squeeze.
If you look at headline tax rates alone, you might think tax competition in Europe had ended. But the more stable headline rates say nothing about how countries define a company's tax base.
Former Prime Minister Silvio Berlusconi has made gains in opinion polls ahead of elections on February 24. The way in which he has achieved the bounce might raise eyebrows.
As Italian elections approach and the gap between the right and left-wing candidates closes, analysts fear that the tight political race could result in a hung parliament, an outcome that could easily derail Italy's already-fragile economy.