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CNBC Franchise Archive Europe: Economy

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  • 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.

  • 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...

  • 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....

  • 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...

  • 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

    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.

  • 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...

  • ATHENS, Greece— Greece's talks with its international creditors on a third bailout worth 85 billion euros shifted into a higher gear on Friday, with lead negotiators from the European Union and International Monetary Fund meeting key ministers in Athens. The bailout talks with the IMF, European Commission, European Central Bank and European Stability...

  • LONDON- Bank of England holds Monetary Policy Committee meeting. LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT.

  • Business events scheduled for the coming week Thursday, 30 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending data 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 international trade data for June, 8:30 a.m.; Institute for Supply...

  • IMF won't join Greek bailout before reforms, debt relief Thursday, 30 Jul 2015 | 12:29 PM ET

    WASHINGTON— The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt...

Contact Europe: Economy

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