GO
Loading...

Europe: Economy

More

  • 'Dollar Malaise' to Last: Forex Pro Thursday, 28 Jul 2011 | 2:16 AM ET
    Stack of U.S. hundred-dollar bills

    With the clock ticking in Washington DC and Congress desperately trying to find an agreement on raising the debt ceiling, the greenback is heading towards levels last seen in the fall of 2008, when it reached its lowest point over the past 10 years.

  • Europe Set for More Losses on Huge Day for Earnings Thursday, 28 Jul 2011 | 2:16 AM ET
    stock_ticker_blur_200.jpg

    European stocks were expected to open lower on Thursday, adding to losses from Wednesday's session which was dominated by fears over the US debt ceiling.

  • Bahrain's Saudi Links Vital to Economy: Minister Wednesday, 27 Jul 2011 | 5:06 AM ET
    saudi_oil_200.jpg

    Bahrain might be the smallest petroleum producer in the Gulf but its strategic production and refining relationship with Saudi Arabia means that the hydrocarbon sector remains critical to the wider economy, according to oil minister, Dr. Abdul-Hussain bin Ali Mirza.

  • Europe Stocks Seen Edging Down; Eyes on US Debt Wednesday, 27 Jul 2011 | 12:44 AM ET
    stock_ticker_blur_200.jpg

    European stocks were indicated to open slightly lower on Wednesday as investors kept a close eye on attempts to get agreement on the US debt ceiling and ahead of a raft of corporate earnings.

  • The euro zone economy is recovering at a growth rate which is "above potential", albeit "not very strongly", European Central Bank Executive Board Member Lorenzo Bini Smaghi told CNBC on Tuesday.

  • Investors Unlikely to Embrace Greek Swaps: JPMorgan Tuesday, 26 Jul 2011 | 7:10 AM ET
    Greece

    Investors are unlikely to take up in sufficient numbers the voluntary swap scheme set up by the euro zone for Greek bonds because they will be tempted to sell at the higher prices found at the short-end, investment bank JPMorgan says.

  • Tower Bridge and City of London financial district

    The claim by the UK Office for National Statistics that the country's second quarter GDP growth could have been as high as 0.7 percent, were it not for 'special factors' like the royal wedding and the Japanese tsunami, has been described as "bizarre" by economist Ruth Lea.

  • stock_chart_2_200.jpg

    European stocks were predicted to open slightly higher on Tuesday after closing down on Monday amid renewed concerns over the European debt crisis and political deadlock in Washington over the US debt ceiling.

  • Confusion Follows Relief as Greek Bond Swap Looms Tuesday, 26 Jul 2011 | 12:55 AM ET
    greece_flag_200.jpg

    Just days after European policymakers toasted a 109 billion euro ($156 billion) bailout aimed at hauling Greece back from the brink of insolvency, speculation some of its hapless bondholders might opt out of a crucial distressed debt exchange is gathering pace.

  • Bank of Ireland Sale Keeps It Out of State Hands Monday, 25 Jul 2011 | 6:00 AM ET
    Ireland and European Union

    Ireland sold a 1.1 billion euro ($1.6 billion) stake in Bank of Ireland to a group of unidentified investors on Monday to keep the country's largest bank out of state hands and provide a rare boost to a battered sector and bruised economy.

  • Domestic Demand to Corner Saudi Oil Exports: Experts Monday, 25 Jul 2011 | 3:24 AM ET

    As Saudi Arabia continues to grow rapidly, the dilemma of sufficiently meeting domestic and international crude oil demand becomes one that would lend credence to believers in higher prices down the line, experts and analysts told CNBC. 

  • Europe Stocks to Open Sharply Lower on Debt Fears Monday, 25 Jul 2011 | 1:02 AM ET
    stock_chart_3_200.jpg

    European stocks were expected to open sharply lower on Monday after they ended higher for the day and week on Friday following a successful conclusion to the euro zone debt deal on Thursday and better than expected earnings news.

  • Euro Zone Deal Will Not Stem the Tide: Investor Friday, 22 Jul 2011 | 3:15 AM ET
    european_union_crack2_200.jpg

    The new rescue plan for Greece will not solve the long-term problems in the euro zone, analysts and investors told CNBC Friday.

  • Bailout Agreement Seen Pushing Europe Stocks Up Friday, 22 Jul 2011 | 2:07 AM ET
    Share Price chart

    European stocks were set to open higher on Friday, as euro zone leaders finally agreed on a fresh bailout for Greece and on enhanced powers for the monetary union's rescue fund.

  • boards_200.jpg

    The Central Bank of Turkey (CBT) has kept interest rates unchanged at a record low of 6.25 percent, in line with analyst expectations. It underscored that it may narrow the interest rate corridor gradually if global growth concerns and “sovereign debt problems regarding some European economies” dent risk appetite.

  • New Greek Bailout Can't Rule Out Default: Juncker Thursday, 21 Jul 2011 | 6:54 AM ET
    Eurogroup President Jean-Claude Juncker

    Jean-Claude Juncker, chairman of the group of euro-zone finance ministers, said that a selective default on Greek debt cannot be ruled out under a new bailout plan for the country, Dow Jones reported Thursday.

  • Why the Euro Will Not Disintegrate Thursday, 21 Jul 2011 | 12:56 AM ET
    EU building flags brussels

    Market analysts forecasting the demise of the euro and the break-up of the European Union are doing so on fundamentally flawed assumptions about European integration, economists and policy experts told CNBC.com.

  • Europe Stocks Seen Flat Ahead of Debt Summit Thursday, 21 Jul 2011 | 12:47 AM ET
    Close-up of a pen on stock price chart

    European shares are expected to open flat Thursday as investors remain cautious over the possibility that a resolution to the European sovereign debt crisis can be reached.

  • Greece Needs to Orderly Restructure Its Debt: Analyst Wednesday, 20 Jul 2011 | 6:32 AM ET
    EU building flags brussels

    Politics has prevented a swift resolution to the Greek sovereign debt crisis that now threatens to engulf the monetary union, Myles Bradshaw, Senior Vice President and Portfolio Manager at PIMCO told CNBC.

  • Europe Stocks Seen Higher Before Euro Summit Wednesday, 20 Jul 2011 | 1:28 AM ET
    stock_chart_2_200.jpg

    The European markets were expected to open higher Wednesday as stocks bounced back ahead of an EU summit aimed at resolving the regional debt crisis.

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.