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Europe: Economy

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  • BMW: Russian market holding up  Monday, 2 Mar 2015 | 11:10 AM ET

    Ian Robertson, member of the board of management at BMW, weighs in on BMW's markets, in particular Russia, Europe and China.

  • US manufacturing slows as output and hiring weaken Monday, 2 Mar 2015 | 10:18 AM ET

    WASHINGTON— U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its manufacturing index slipped to 52.9 in February from 53.5 in January. U.S. manufacturers have been held back in recent months by...

  • ROME— The principality of Monaco has signed an accord with Italy aimed at ending banking secrecy, days after Switzerland and Liechtenstein inked similar pledges to exchange financial information with Rome. Italy's finance ministry said that the accord with Monaco, signed on Monday, will allow administrative cooperation and will "strengthen the fight...

  • CNBC's Michelle Caruso-Cabrera reports the latest on negotiations for a Greek bailout.

  • ATHENS, March 2- Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund. Athens is running out of options to fund itself despite striking a deal with the euro zone in February to extend its bailout by four months.

  • US stocks head higher; Nasdaq touches 5,000 points Monday, 2 Mar 2015 | 9:43 AM ET

    NEW YORK— Major stock indexes headed higher on Monday as deals and economic news gave stocks a lift. THE VIEW: "Today it's about the consumer," said David Joy, chief market strategist at Ameriprise Financial. CHIPPY: NXP Semiconductors said Sunday that it's planning to acquire Freescale Semiconductor in an $11.8 billion deal.

  • HELSINKI— Scandinavian Airlines canceled some 50 flights to and from Denmark on Monday after a four-day protest strike by 1,300 cabin crew members in Denmark, but most had returned to work by the evening, the airline said. Meanwhile in Norway, some flights by Norwegian Air Norway, a subsidiary of budget airline Norwegian Air Shuttle, were disrupted for a third day...

  • BERLIN— Chancellor Angela Merkel says she's hoping for a good future for Greece in the eurozone as Germany pushes Athens to comply fully with the terms of its financial bailout. Germany's Parliament signed off Friday on a four-month extension to Greece's bailout, an agreement under which the new Greek government committed to honoring its financial...

  • Russia protests: What they could mean for Putin Monday, 2 Mar 2015 | 8:41 AM ET

    The Russian people’s reaction to the death of Russian opposition politician Boris Nemtsov could shape Russia for decades.

  • Buffett tackles the Greek debt crisis  Monday, 2 Mar 2015 | 8:31 AM ET

    Warren Buffett, Berkshire Hathaway chairman & CEO, shares his thoughts on whether stronger countries should help weaker countries in the euro zone, the breakup of big banks, and subprime auto loans.

  • WASHINGTON— The Institute for Supply Management reports on a survey about U.S. manufacturing production, orders and other activity in February. The trade group of purchasing managers will release its manufacturing index at 10 a.m. Eastern Monday. SLOWER BUT STEADY: Manufacturers have been held back in recent months by weak growth in China, Europe and Japan.

  • BRUSSELS, March 2- Euro zone consumer prices fell by less than expected in February while unemployment eased in January for the third month in a row, offering signs that the risks of economic stagnation and deflation in the bloc are falling. The European Union's statistics office Eurostat estimated on Monday that consumer prices in the 19 countries sharing the...

  • *Domestic demand already driving Hungary, Poland. WARSAW, Mar 2- Central Europe's manufacturing expanded in February, a series of reports showed, and an expected economic recovery in the euro zone, the region's largest export market, should help it continue to grow. The Purchasing Managers' Index for manufacturing in Poland, the region's biggest economy, eased...

  • ISTANBUL, March 2- Defending high interest rates is tantamount to treason, Turkish President Tayyip Erdogan warned at the weekend, and said the governor of the central bank and deputy prime minister in charge of the economy needed to "shape up." Deepening a standoff which has rattled investor nerves, Erdogan was quoted on Monday as saying he would hold talks with...

  • Independent Catalonia would be richer: President  Monday, 2 Mar 2015 | 5:20 AM ET

    Artur Mas, president of Catalonia, talks about what an independent Catalonia would look like, in terms of society and economy.

  • Catalonia's president to call snap vote  Monday, 2 Mar 2015 | 5:20 AM ET

    Artur Mas, President of Catalonia, talks about the future of an independent Catalonia, saying he hopes to call a snap election this September.

  • LONDON— The 19- country eurozone got a double dose of mildly positive economic news Monday that will likely be met with relief by the European Central Bank's policymakers as they prepare to hold their next meeting on the Mediterranean island of Cyprus. Making sure falling prices don't become entrenched— causing long-term economic stagnation— is the primary...

  • Dealers and analysts in London, where 60 percent of the world's currency trade is done, said the main theme of the next week would be how markets will deal with the launch of outright money-printing by the European Central Bank. It was down just under 0.1 percent against the dollar in early European deals, having sunk to a 5- week low after the People's Bank of China...

  • Europe, US monetary policies 'set to widen'  Monday, 2 Mar 2015 | 4:00 AM ET

    Reinhard Cluse, chief European economist at UBS, says there's a "decoupling" going on between Europe and the U.S., in terms of their monetary policies.

  • World market momentum over Chinese rate cut fades Monday, 2 Mar 2015 | 1:32 AM ET

    KEEPING SCORE: Britain's FTSE 100 gained 0.3 percent to 6,964.66 and Germany's DAX climbed 0.3 percent to 11,428.83. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 percent and Glencore Plc, which added 1.8 percent. CHINA RATE CUT: The People's Bank of China cut interest...

Contact Europe: Economy

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