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  • Credit Agricole to Raise $9.1 Billion after Writedown Tuesday, 13 May 2008 | 12:14 PM ET

    France's biggest retail bank, Credit Agricole, announced a 5.9 billion euros ($9.1 billion) rights issue to shore up its capital after further writedowns at its Calyon investment bank, sending its shares down sharply.

  • SocGen Net Profit Tumbles, but Beats Forecast Tuesday, 13 May 2008 | 1:50 AM ET

    Societe Generale, the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast.

  • ECB Holds Interest Rate at 4 Percent Thursday, 8 May 2008 | 9:30 AM ET
    European Central Bank President Jean-Claude Trichet

    The European Central Bank left its key interest rate unchanged at 4 percent on Thursday, as widely expected, and its president Jean-Claude Trichet warned on inflation pressures.

  • How Long Can the ECB Stand Pat? Thursday, 8 May 2008 | 2:04 AM ET
    European Central Bank President Jean-Claude Trichet

    The European Central Bank will most likely do on Thursday what it has done every month since the credit crunch started last August: keep rates steady and talk tough on inflation.

  • Alstom Says Bribery Report Based on Speculation Tuesday, 6 May 2008 | 1:19 PM ET

    Engineering group Alstom said on Tuesday some of its employees had been questioned as witnesses in a Swiss legal investigation, but said a report it was being investigated for paying bribes was based on speculation.

  • Alstom in Reported Bribery Investigation Tuesday, 6 May 2008 | 4:36 AM ET

    A host of news out of France on Tuesday, with Alstom down more than 2 percent on reports that officials are investigating it for bribery.

  • Nicolas Sarkozy, President-elect France

    Nicolas Sarkozy promised the French people more money, faster growth and a break with the past. So how has he delivered?

  • US Economic Strength Helps Boost Stocks Friday, 2 May 2008 | 9:11 AM ET

    The financial sector fueled a rally in European shares on Friday, which scored their third weekly gain, after U.S. jobs data suggested the world's largest economy was proving more resilient than expected.

  • Euro Zone Inflation Slows, Economic Sentiment Sags Wednesday, 30 Apr 2008 | 5:14 AM ET

    Euro zone inflation slowed more than expected in April, an early estimate showed, but economic sentiment also deteriorated faster than forecast, pointing to slowing economic growth.

  • Europe Preview: Enough of Credit Crunch! Monday, 28 Apr 2008 | 1:35 PM ET
    stocks.jpg

    I have been covering the credit crunch since around 8:30 cet on August the 9th 2007 when BNP Paribas was forced to announce problems at 3 of their biggest funds. Producing Squawk Box I remember Alchemy Partners Jon Moulton telling Geoff Cutmore that this would be just the start and he was right.

  • French Finance Minister Puts Pressure on ECB Monday, 28 Apr 2008 | 12:07 PM ET
    lagarde.jpg

    The disparity between U.S. and euro zone interest rates is starting to cause problems, French Economy Minister Christine Lagarde told CNBC Monday, adding that Europe’s rampant inflation will ease.

  • Europe Preview: Spring Forecast on the Way Friday, 25 Apr 2008 | 4:20 PM ET

    With the US heading for recession, the European Commissioner for Economic Monetary Affairs could be forgiven for lauding the strength of the European economy when he unveils his spring economic forecast on Monday.

  • ECB Hints at Rate Rise if Inflation Stays High Saturday, 19 Apr 2008 | 11:36 AM ET

    Wage and fiscal policy in the euro zone could buoy inflation and the European Central Bank may need to act on interest rates, ECB policymaker Axel Weber said in a newspaper interview released on Saturday.

  • SocGen Splits Chairman, CEO Jobs After Scandal Friday, 18 Apr 2008 | 12:40 PM ET
    Societe Generale CEO, Daniel Bouton

    The head of Societe Generale, the French bank that recently survived the world's biggest rogue trading scandal, is relinquishing his job as chief executive but will stay on as chairman.

  • Societe Generale's Bouton Removed from CEO Job Thursday, 17 Apr 2008 | 3:45 PM ET
    Societe Generale CEO, Daniel Bouton

    Daniel Bouton will give up SocGen's chief executive role after 15 years but stay on as chairman. Finance Director Frederic Oudea will take the operational helm.

  • Euro Zone Inflation Rises, Euro Hits Record High Wednesday, 16 Apr 2008 | 6:47 AM ET
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    Surging energy and food prices pushed euro zone inflation to a new high of 3.6 percent in March, boosting the euro to a record high against the dollar on fading chances of a ECB rate cut in the near term.

  • European Earnings: Philips Profit Tumbles Monday, 14 Apr 2008 | 12:31 PM ET

    Dutch Philips Electronics was the latest company to say it predicts a slowdown in developed economies after reporting a sharp drop in quarterly operating profit Monday that exceeded analysts' expectations.

  • Markets End in Red, But Well Off Day's Lows Thursday, 10 Apr 2008 | 11:58 AM ET

    European stocks ended lower for the third straight session on Thursday but well off the day's lows as strong gains on Wall Street sparked a late recovery, eclipsing fears of more asset writedowns in the banking sector.

  • ECB Holds Interest Rates at 4% Thursday, 10 Apr 2008 | 8:46 AM ET
    trichet_3.jpg

    The European Central Bank kept rates on hold at 4 percent, as expected, on Thursday, sticking to its mandate to fight inflation at any cost. Economists now think the possibility of monetary easing is more likely as late as the fourth quarter.

  • Fed Bashed, ECB Spared in Finger-Pointing Match Thursday, 10 Apr 2008 | 3:55 AM ET

    Wall Street banks are the first to be blamed for the credit crunch. Central banks come a close second, but as the Federal Reserve's image is suffering, the European Central Bank looks as solid as a rock.