LONDON— A key indicator shows that the U.K. economy slowed in April and is close to stagnating amid fears of the looming referendum on whether Britain should remain in the European Union. The Markit/ CIPS purchasing managers' index for the services sector— a gauge of business activity— dropped more than expected to 52.3 points from 53.7 in March, the lowest since... » Read More
The World Trade Organization, the EU and the United States said Tuesday they were pressing for solutions to concerns China may be exploiting its stranglehold on rare earth metals, crucial in the making of everything from portable phones to wind turbines.
The dollar may be set to rise as currency wars bring more controls on flows of capital and a rise in protectionism, David Bloom, currency strategist at HSBC, told CNBC.
The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.
In France, the response to the government’s plan to raise the retirement age from 60 to 62 has sparked nearly a week of national strikes and protests. Click for photos.
The European Commission is preparing for a smoking ban across the European Union, with legislation introduced as early as next year, according to several media reports Tuesday.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
A small rise in inflation may trigger a correction for the bond market, as too many investors have piled in, Roman Scott, managing director at Calamander Capital, told CNBC Monday.
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Europe faces an important challenge in creating greater awareness of the importance of a stable currency, but to achieve that goal, its citizens will need to grow more attached to the euro, Otmar Issing, former European Central Bank chief economist, told CNBC.
German car maker BMW said Friday it will recall 198,000 cars in the US because of potential problems with the brakes while press reports put the total number of vehicles recalled across the world at 345,000.
The parliament pushed through legislation that in effect grants a tax amnesty to millions of citizens, in a move at odds with organizations overseeing the country’s bailout, the FT reports.
Looking to rev up slumping sales in the beleaguered golf industry, Callaway announced today a strategic partnership with automaker Lamborghini in the quest to find the strongest, lightest and most durable materials.
If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
Cramer doesn’t think so, but don’t be surprised if you see headlines trumpeting that message very soon.
New EU banking regulation must focus on institutions’ individual business models, rather than simply their size, Jacques de Larosière, co-president of think tank Eurofi told CNBC.
Plus, get calls on retail, tobacco, housing and more.
The international community has postponed bank stress tests for Greece to give the country breathing space as Athens prepares to test the success of its European roadshow last week by raising more money in the capital markets.
Governments that bolstered their countries’ ailing institutions impacted by the financial crisis need to step back and give the private sector a chance to innovate and rebuild, former UK Prime Minister Tony Blair told CNBC Tuesday.
The one thing they won’t tell me, or more accurately can't tell me is the one thing I came to Dublin to find out: just how big is the Irish banking black hole?
It is a big week for Ireland following news that the European Commission wants Anglo Irish, the nationalized lender, wound down and with conflicting reports regarding the bank's future emerging.