Nikos Filis said Greece was seeking a full agreement so that it could receive a first payment of 25 billion euros. Filis was speaking amid signs of progress in talks between Greece, the International Monetary Fund and European Union institutions on a new bailout worth up to 86 billion euros. A deal must be must be settled by Aug. 20, or a second bridge loan agreed, if...» Read More
With rising interest rates in Europe and no sign of a near-term change in interest rates in the U.S., is the current U.S. economic picture a sign of what’s to come for Europe? As CNBC’s Steve Liesman explained, since 1999, monetary policy at the European Central Bank and at the U.S. Federal Reserve has essentially moved in tandem. But a year after the Federal Reserve stopped raising rates, the ECB rate hikes continue. ...
The European Central Bank has revised upward its 2007 forecasts for euro zone growth and inflation, according to Financial Times Deutschland, citing sources.
Cell phone users in the European Union could enjoy cheaper rates for calls made and received abroad as early as August, after EU lawmakers endorsed a deal Wednesday to cap mobile phone roaming fees in the 27-nation bloc.
Vivendi's Universal Music won conditional approval from the European Commission on Tuesday to buy BMG Music Publishing for 1.63 billion euros ($2.19 billion), making it the world's largest music publisher.
Euro zone inflation in April came in higher than initially estimated but still within the European Central Bank's target, data showed, pointing to subdued price-growth pressures despite robust economic expansion.
EU negotiators agreed Tuesday to cap mobile phone roaming charges in an effort to cut costs for travelers using their phones abroad _ although it remained to be seen whether customers would benefit from the new tariffs this European summer holiday season.
A group of European banks are in secret talks to set up a pan-European debit card to challenge MasterCard and Visa Europe in cross-border business, a document obtained by Reuters said on Friday.
The European Central Bank kept its core interest rate on hold at 3.75% Thursday as widely expected by economists, but the Bank’s President Jean-Claude Trichet hinted at a rate rise in June.
EU finance ministers meet Tuesday for talks that where they are expected to agree to keep an eye on hedge funds but set no new rules at this stage for the high-risk, high-return investments.
Unemployment in the euro zone hit a new record low in March, a move economists said would likely boost future private consumption and put upward pressure on wages, triggering more European Central Bank rate rises.
Microsoft has responded to European Union allegations that it is overcharging rivals for information that would make their products work better with Windows. The software maker also repeated its request for more guidance on what regulators consider to be an acceptable price.
Microsoft may face a new kind of antitrust punishment from the European Union if the company, already hit by multi-million-dollar fines, continues to defy it, the bloc's top competition official hinted.
The big week in Internet earnings reaches a crescendo this afternoon when Google reports earnings. These numbers come at a fascinating time in the company's history.Google has become a kind of financial underdog, compared to other big names in the sector, including Yahoo, which is still licking its wounds, and eBay, which is enjoying its second beat-and-raise quarter in a row. A strange position to be in for a company trading at nearly $500 a share.
I have had 80’s pop hits buzzing around in my head all morning. Remember that classic of the genre from Bananarama –- Talking Italian?
The EU Commission plans to send specialist teams to countries outside the European Union to investigate obstacles to trade and competition, Financial Times Deutschland reported, citing a draft of a strategy paper it obtained.
The European Commission said it has fined Dutch brewers Heineken, Royal Grolsch and Bavaria a total of 273.8 million euros ($373 million) over cartel activites in the Dutch beer market in the late 1990s.
Dutch brewer Heineken said on Tuesday it expected to be fined by the European Commission on Wednesday for violating competition laws.
The European Central Bank kept short-term interest rates on hold Thursday as expected, but economists and investors think that another rate rise is due this summer.
0%: That's what the European Union's Commission thinks Microsoft deserves for licensing its vital communications code -- a stance that would enable Microsoft rivals to manufacture software compatible with its dominant Windows operating system. CNBC's Jim Goldman reported on the latest chapter in the seemingly never-ending antitrust saga.