World Economy Europe News


  • Spain economy contracts again, could reverse trend Tuesday, 30 Jul 2013 | 2:40 AM ET

    Despite contracting for the eight consecutive quarter in the second quarter of 2013, Spain's economy was signaling that it could return to growth soon, analysts said.

  • Santander's first-half net profit rises 29% Tuesday, 30 Jul 2013 | 2:30 AM ET
    Bank of Santander Headquarters

    Spain's biggest bank Santander on Tuesday said net profit rose 29 percent in the first six months of 2013 to 2.25 billion euros ($2.98 billion).

  • Europe’s CEOs ‘no longer the most pessimistic’ Tuesday, 30 Jul 2013 | 1:45 AM ET

    Business confidence among European CEOs bounced to a two-year high in the second quarter, according to a new survey, with these executives now more optimistic than those in Latin America.

  • It's time for European stocks to shine Tuesday, 30 Jul 2013 | 12:48 AM ET

    The beleaguered euro zone economy is set for a comeback this year, and that should drive stocks in the region higher by up to 10 percent in the coming weeks, analysts told CNBC.

  • Why managing God's money isn't easy Monday, 29 Jul 2013 | 7:01 PM ET
    Archbishop of Canterbury Justin Welby

    The Archbishop of Canterbury's attempt to take on controversial pay-day lender Wonga exposed the Church of England to accusations of hypocrisy, but it shouldn't deter the Church.

  • French diamond heist loss raised to $136 million Monday, 29 Jul 2013 | 12:26 PM ET
    French policemen investigate outside the Carlton Hotel on July 28, 2013 in the French Riviera resort of Cannes.

    Police are searching for a man who was wearing gloves, a cap and a scarf to mask his face while sneaking into the diamond show in a luxury Cannes hotel.

  • Barclays to launch £5 billion-plus rights issue Monday, 29 Jul 2013 | 11:10 AM ET

    Barclays will on Tuesday launch a rights issue to raise more than £5 billion as the UK bank moves fast to come into line with British regulatory requirements on leverage.

  • EU demands tougher Monte Paschi restructuring plan Monday, 29 Jul 2013 | 10:45 AM ET

    The European Commission told Italian lender Monte dei Paschi di Siena to beef up a restructuring plan before it can be given approval for a $5.3 billion bailout.

  • France probes Abercrombie hiring of sexy salesmen Monday, 29 Jul 2013 | 10:29 AM ET

    Abercrombie & Fitch, famous for its shirtless male models, should brace itself for more discrimination challenges in Europe related to its recruitment practices, lawyers told CNBC.

  • Prince warns US shale could hurt Saudi economy Monday, 29 Jul 2013 | 7:38 AM ET
    Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co.

    Saudi billionaire Prince Alwaleed bin Talal warned that the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues.

  • No sexual images please! UK retailer orders cover-up Monday, 29 Jul 2013 | 6:39 AM ET

    One of the largest magazine retailers in the U.K. has ordered magazines with overt sexual imagery to cover up their front covers with "modesty bags" or risk being withdrawn from sale.

  • House bill aims its sights at Iran's energy sector Monday, 29 Jul 2013 | 6:00 AM ET
    Iran's 50000 Rials with a portrait of Ayatollah Ruhollah Khomeini.

    Congress is poised to increase the economic pressure on Iran and its nuclear program in a vote expected to take place late next week.

  • ECB President Mario Draghi

    The number of investors who think a country will leave the euro zone soon has dropped by two thirds in the year since the head of the bloc's central bank promised to safeguard the currency.

  • Siemens CEO Löscher said to fight his ouster Monday, 29 Jul 2013 | 5:13 AM ET

    Siemens CEO Peter Löscher will fight the group's plans to oust him, German daily Sueddeutsche Zeitung reported on Monday, saying the chief of the industrial group will only step down if the company's chairman also quits.

  • Bond bear market presents opportunity: Aberdeen CEO Monday, 29 Jul 2013 | 3:34 AM ET
    Bond traders

    A 30-year bull run for bonds has finally come an end, according to Martin Gilbert, CEO of Aberdeen Asset Management, who told CNBC that the outflows seen in the market presents a buying opportunity.

  • Billionaire Carlos Slim may buy Dutch telco KPN Monday, 29 Jul 2013 | 3:28 AM ET
    Mexican billionaire Carlos Slim.

    Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.

  • Mad Men? Rivals question $35 billion ad deal Monday, 29 Jul 2013 | 3:04 AM ET

    The multi-billion dollar merger between advertising giants Publicis and Omnicom will create the world's largest ad agency but their competitors brushed off concerns about a more powerful rival on Monday.

  • Britain's banks set to return to the capital markets Monday, 29 Jul 2013 | 3:00 AM ET

    Barclays said it would give an update on its capital plans alongside its first-half results on Tuesday, responding to weekend media reports the bank is considering selling new shares.

  • US drugmaker Perrigo to buy Ireland's Elan Monday, 29 Jul 2013 | 2:43 AM ET

    U.S. generic drugmaker Perrigo agreed to buy fellow drug company Elan for $8.6 billion on Monday in a deal that will hand it royalty rights from a blockbuster treatment and tax savings from being domiciled in Ireland.

  • Is the net closing in on 'Houdini' Berlusconi? Monday, 29 Jul 2013 | 1:50 AM ET

    The final verdict in Silvio Berlusconi's tax fraud trial, expected on Tuesday, could see the billionaire politician and media mogul banned from holding public office for five years.

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