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Europe: Economy

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  • The world’s most spectacular stock exchanges Monday, 2 Mar 2015 | 1:08 AM ET

    The world’s stock exchanges are a frenzy for trading activity. Ahead of the Global Financial Market Forum, we look at some of the most spectacular.

  • WPP: Not worried about doing business in China  Sunday, 1 Mar 2015 | 6:38 PM ET

    Martin Sorrell, CEO of WPP, explains why he is not worried about the terms of doing business in the China following news that Beijing is reviewing drafts of its first counterterrorism law.

  • What's on the agenda in Asia this week  Sunday, 1 Mar 2015 | 5:07 PM ET

    CNBC's Pauline Chiou highlights events and economic data that will move Asia's financial markets this week.

  • Germany trusts Greece to fulfill bailout terms Sunday, 1 Mar 2015 | 10:51 AM ET

    BERLIN— Germany's finance minister said Sunday that he trusts Greece's current government to fulfill the conditions for the bailout deal, but also made clear the country would not receive any further money if it didn't. At the same time, Schaeuble warned that if Greece did not fulfill the demands laid out by the eurozone finance ministers in a four-month...

  • ATHENS, Greece— Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are "in a different league" and will need discussion with Greece's creditors, the country's finance minister said. In an interview with The Associated Press on Saturday, Yanis Varoufakis also said...

  • If Greece doesn't stick to that, there will be no further aid, "Schaeuble said according to the pre-publication extract. He said a Grexit was not the desired outcome and nobody had forced a bailout upon Greece so the ball was in Athens' court. Greek Prime Minister Alexis Tsipras denied on Friday that Greece would need another international bailout.

  • AP Interview: Greece's repayments to ECB need discussion Saturday, 28 Feb 2015 | 12:48 PM ET

    ATHENS, Greece— Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are "in a different league" and will need discussion with Greece's creditors, the country's finance minister said Saturday. In an interview with The Associated Press, Yanis Varoufakis also said...

  • ATHENS, Feb 27- Greek Prime Minister Alexis Tsipras denied on Friday that his country would have to seek a third international bailout when a four month extension to its current programme expires. Tsipras also said the government had requested a reduction in the country's debt, even though EU/IMF creditors insist Greece must meet its obligations in full.

  • Business events scheduled for the coming week Friday, 27 Feb 2015 | 1:26 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • Can stocks move higher?  Friday, 27 Feb 2015 | 1:08 PM ET

    Discussing how to play U.S. equities versus Europe, with Katie Nixon, Northern Trust, and Erik Ristuben, Russell Investments.

  • *Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.

  • Germany backs Greek plan but bailout fatigue grows Friday, 27 Feb 2015 | 12:23 PM ET
    A man adjusts a European flag, next to a Greek flag outside the Greek embassy in Brussels February 19, 2015.

    Germany's parliament approved an extension of Greece's bailout but a number of dissenters underscored growing skepticism in Berlin.

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Europe shares close to finish higher ahead of QE  Friday, 27 Feb 2015 | 11:30 AM ET

    European equities seesawed before finishing higher on Friday ahead of the European Central Bank's quantitative easing program.

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.

  • Volkswagen profits up 20 percent for full year Friday, 27 Feb 2015 | 9:41 AM ET

    Volkswagen warned that economic trends in Latin America and Eastern Europe could affect its commercial vehicles and power engineering businesses. Russia's economy appears headed for recession after a sharp drop in the ruble and its recent conflict with Ukraine has undermined business confidence in Eastern Europe. Chief Financial Officer Hans Dieter...

  • Greek prime minister rules out third bailout Friday, 27 Feb 2015 | 9:24 AM ET

    ATHENS, Greece— Greece's new radical left government has no intention of seeking another bailout deal from international creditors and will spend coming months trying to ease the terms of its current commitments, the financially struggling country's prime minister said Friday. Alexis Tsipras remarks came hours after lawmakers in Germany, a key rescue loan...

  • *Greece faces 1.5 bln euro debt payment to IMF in March. *Pressure on Athens to quickly complete bailout review for aid. BRUSSELS/ ATHENS, Feb 27- Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a matter of weeks.

  • *Debate reflects breakdown in German trust in Greece. With Finance Minister Wolfgang Schaeuble promising not to let Greece "blackmail" its euro zone partners, 542 members of the Bundestag voted "yes" to the extension, while 32 opposed it and 13 abstained. The broader German population also grown more sceptical since Prime Minister Alexis Tsipras took power last...

Contact Europe: Economy

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