Europe: Economy


  • Booming budget surplus raises pressure on Germany Monday, 1 Sep 2014 | 8:50 AM ET

    *Germany achieves H1 budget surplus of 16.1 billion euros. BERLIN, Sept 1- Germany posted its biggest budget surplus since reunification in the first half of 2014, underscoring the strength of its finances at a time it faces growing pressure to loosen the fiscal reins and spend more to bolster growth in Europe.

  • Greece rules out new cuts ahead of bailout talks Monday, 1 Sep 2014 | 8:20 AM ET

    ATHENS, Greece— Greece's government says it won't enact further austerity measures ahead of talks later this week with bailout creditors. Finance Minister Gikas Hardouvelis and four other cabinet ministers are to attend the talks with debt inspectors— the first time they have taken place outside Greece since the country was bailed out in 2010..

  • *Escalating crisis in Ukraine, patchy Chinese recovery weigh. BANGALORE/ SYDNEY, Sept 1- Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.

  • Asia stocks mostly higher, wages data boosts Japan Monday, 1 Sep 2014 | 4:45 AM ET

    LONDON— Ahead of a raft of economic developments this week, financial markets started the week on a lackluster note Monday as Wall Street was closed for the Labor Day holiday. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares closed up 0.1 percent at 6,825.31 while Germany's DAX rose the same rate to 9,479.03.

  • *FTSEurofirst 300 up 0.1, Euro STOXX 50 flat. LONDON, Sept 1- European shares kicked off September on a flat note as investors weighed mergers and acquisitions speculation and expectations of new monetary largesse in Europe against tensions in Ukraine and weak economic data out of China.

  • BERLIN, Sept 1- Weak investment spending and slow trade led Germany to contract for the first time in over a year in the second quarter, data showed, suggesting Europe's largest economy is running out of steam just as the impact of the crisis in Ukraine starts to bite.

  • German austerity push is wrong: Economist     Monday, 1 Sep 2014 | 2:30 AM ET

    Steve Keen, head of the school of economics, politics and history of Kingston University, London, says fiscal policy in Europe should aim to allow the private sector to sort out its debts at a slower pace.

  • Asia stocks rise on S&P high, China stimulus hopes Sunday, 31 Aug 2014 | 11:55 PM ET

    KEEPING SCORE: China's Shanghai Composite Index rose 0.5 percent to 2,229.97 and Tokyo's Nikkei 225 added 0.2 percent to 15,460.50. CHINA FACTORIES: Two surveys showed China's manufacturing growth slowed in August as export demand and investment weakened, raising expectations Beijing might launch more stimulus.

  • *China slowdown a major drag on South Korean exports. SEOUL, Sept 1- Exports by trade powerhouse South Korea fell slightly in August on weaker demand from China, data showed on Monday, underscoring a tentative recovery for Asia's fourth-largest economy and leaving the door open for another rate cut before year-end.

  • Sinatra's 'My Way' for France and Italy Sunday, 31 Aug 2014 | 6:32 PM ET

    France and Italy face tough decisions the will require deep and sustained declines in public spending and rising revenues from public asset sales.

  • European bank officials weigh QE 'shock and awe' Sunday, 31 Aug 2014 | 5:53 PM ET
    A euro logo next to the headquarters of the European Central Bank in Frankfurt.

    The ECB is facing a critical debate about whether to embark on an American-style quantitative easing program. Here are the implications.

  • BRUSSELS, Aug 31- The European Central Bank meeting on Thursday is the prime event for markets seeking clarity on the bank's response to a stalled recovery, disappearing inflation and the sluggish pace of reform in the euro zone.

  • Seeing just one way for Greece to go: Up Saturday, 30 Aug 2014 | 12:00 AM ET

    The first indications of an upturn raise hopes as Greece's finance minister aims to steer the country out of its catastrophic recession.

  • Business Highlights Friday, 29 Aug 2014 | 5:40 PM ET

    Malaysia Airlines to cut 6,000 staff in overhaul. KUALA LUMPUR, Malaysia— Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.

  • Business events scheduled for the coming month Friday, 29 Aug 2014 | 12:39 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • Business events scheduled for the coming week Friday, 29 Aug 2014 | 12:15 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • '99 Homes' brings US subprime crisis to Venice Friday, 29 Aug 2014 | 11:31 AM ET

    VENICE, Italy— Florida's realtors and tourism authorities will probably not be using "99 Homes" in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani's Orlando- set drama, one of 20 films competing for prizes at the Venice Film Festival.

  • *Wall Street mixed, even after mostly strong economic reports. NEW YORK, Aug 29- Global equity markets wavered and German bond yields edged up from record lows on Friday after euro zone inflation was seen as still not dire enough to drive the European Central Bank to ease monetary policy next week, as many investors have anticipated.

  • Always a reason to wait     Friday, 29 Aug 2014 | 10:50 AM ET

    Discussing geopolitics and what's driving low market volatility, with CNBC market analyst Steve Grasso.

  • *FTSEurofirst 300 flat, Euro STOXX 50 down 0.1 pct. *Airlines down after volcano eruption in Iceland. LONDON, Aug 29- European shares were poised to end a positive August on a softer note on Friday after euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.

Contact Europe: Economy


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