GO
Loading...

Europe: Economy

More

  • NEW YORK, March 3- The dollar touched an 11- year high against a composite of major currencies on Tuesday but gave up those gains ahead of major U.S. economic reports and the coming European Central Bank meeting later this week. The U.S. dollar index of a half dozen currencies traded against the greenback was last off 0.06 percent at 95.407 after peaking at 95.570, a...

  • BERLIN— Switzerland has signed an accord with Australia aimed at cracking down on tax evaders. Swiss Finance Ministry spokesman Mario Tuor said it's the first time Switzerland has pledged such an automatic information exchange, though negotiations are underway with the United States and the European Union over similar accords. Switzerland says Australia...

  • Ukraine hikes benchmark interest rate to 30 percent Tuesday, 3 Mar 2015 | 9:52 AM ET

    KIEV, Ukraine— Ukraine's central bank has sharply hiked its benchmark rate to 30 percent, from 19.5 percent, as financial authorities seek to reverse the rapid devaluation of the national currency. National Bank chairwoman Valeria Gontareva said Tuesday that the measure was aimed at tempering panic in the currency market and reining in inflation.

  • LONDON— Barely a year after emerging from a savage recession comparable in its intensity to the Great Depression in the U.S., Greece's economy is shrinking again. When figures last fall showed the Greek economy finally growing again after a recession that saw it shrink by a quarter and unemployment and poverty levels swell dramatically, then Prime Minister...

  • CG CEO: Europe big delta in economy  Tuesday, 3 Mar 2015 | 8:05 AM ET

    David Rubenstein, The Carlyle Group co-CEO, discusses the impact of carried interest on executive compensation, uncertainty in Europe and corporate tax reform.

  • Ukraine to hike key interest rate to 30% Tuesday, 3 Mar 2015 | 7:56 AM ET
    A Ukrainian national flag flies outside the Ukraine central bank in Kiev, Ukraine.

    Ukraine's central bank said it will raise its key refinancing rate to 30 percent from 19.5 percent from Wednesday.

  • Daimler's best markets are UK, Germany  Tuesday, 3 Mar 2015 | 7:15 AM ET

    Dieter Zetsche, chair of Daimler, talks about the firm's new vehicles and how Daimler's sales are improving in certain markets.

  • The Reserve Fund is used to support Russian public finances in time of low oil and gas prices and is held in dollars, euros and British pounds. Russia's other main sovereign fund, the National Wealth Fund, rose by $900 million in February to $74.92 billion, the ministry said Tuesday, although its value in ruble terms fell. As of February 20, the last date for which data...

  • Azerbaijan watches for dissent as economy slows Tuesday, 3 Mar 2015 | 5:50 AM ET

    BAKU, March 3- Azerbaijan is keeping a close eye on any sign of dissent as economic problems mount before a parliamentary election this year in the oil-producing former Soviet republic. Hit by the fall in global oil prices, the rouble's drop against the dollar in neighbouring Russia and the separatist war in east Ukraine, the South Caucasus country devalued the...

  • Sirleaf told fellow regional leaders and delegates at an international conference on Ebola in Brussels that restoring economic growth in Liberia, Guinea and Sierra Leone is a long-term and costly task. She said that "the most important long-term response to Ebola rests on plans and strategies for economic recovery," adding that "this will require significant...

  • Audi CEO: We're strong in China, Europe  Tuesday, 3 Mar 2015 | 5:10 AM ET

    Rupert Stadler, CEO of Audi, says the business is going strong in China and Europe, and there's potential within the U.S. market.

  • Audi was 'heavily affected' by Russia  Tuesday, 3 Mar 2015 | 5:10 AM ET

    Rupert Stadler, CEO of Audi, says the devaluation of the Russian ruble had the biggest impact on Audi in Russia.

  • Swiss economy stronger than expected in 4th quarter Tuesday, 3 Mar 2015 | 4:21 AM ET

    BERLIN— Official data show that Switzerland's economy expanded by a stronger-than-expected 0.6 percent in the fourth quarter, the last before the country's central bank abandoned its effort to cap the Swiss franc's value against the euro. Switzerland's economy grew 2 percent in 2014 as a whole. UniCredit economist Martina von Terzi forecast a 0.7 percent...

  • NEW YORK— U.S. stocks fell from record highs on Tuesday and the Nasdaq dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. The losses were modest but broad, with eight industry sectors in the Standard and Poor's 500 index falling. Ford Motor slumped after reporting U.S. sales from last month that disappointed...

  • *ECB policymakers meet in Cyprus on Wednesday, Thursday. NEW YORK, March 2- The dollar edged up on Monday, with an index that tracks the greenback against major currencies touching an 11- year peak even after soft economic data. "The dollar's long-term trend is up but it now is in some consolidation," said Paul Christopher, international strategist at Wells Fargo in St...

  • LONDON, March 1- The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism. To sceptics, the election of a radical leftist-led government in Athens committed to tearing up Greece's bailout looks like the start of an...

  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • MADRID— Spain created hours of confusion over the future of Greece's troubled finances Monday by announcing that eurozone nations were negotiating a third Greek bailout of up to 50 billion euros, then backtracking by saying the prospect of such a bailout is merely hypothetical. The high profile sequence of events began when Spain's Economy Ministry said...

  • 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.

  • Places bet on Europe equities, not bonds  Monday, 2 Mar 2015 | 11:00 AM ET

    Whilst many investors see bonds as a "safe" option, Bob McKee, chief economist at Independent Strategy, says he prefers European equities is currently a much better bet.

Contact Europe: Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.