Europe: Economy


  • TOKYO, April 22- Japan posted its first trade surplus in nearly three years in March as exports of cars and electronics picked up, an encouraging sign that economic growth may be back on track after a sluggish start to the year. Weighed down by lower oil prices, imports by value tumbled 14.5 percent, more than the 12.8 percent drop expected, leaving Japan with a trade...

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.

  • FOREX-Dollar turns mixed as euro inches up Tuesday, 21 Apr 2015 | 2:57 PM ET

    *Euro pares losses over Greece. NEW YORK, April 21- The dollar was mixed against major currencies on Tuesday, with the euro pivoting to modest gains against the greenback after euro zone finance ministers moved away from fixing a deadline for Greece to come up with fiscal reforms. Greece, which is quickly running out of cash, pledged to its euro zone partners in...

  • DETROIT— Mexico has become the most attractive place in North America to build new automobile factories, a shift that has siphoned jobs from the U.S. and Canada, yet helped keep car and truck prices in check for consumers. In the past two years, eight automakers have opened or announced new plants or expansions in Mexico. A worker in Mexico costs car companies an...

  • Osborne: Vote Tory for jobs, prosperity   Tuesday, 21 Apr 2015 | 11:40 AM ET
    Osborne: Vote Tory for jobs, prosperity

    George Osborne, UK finance minister, discusses the threat of the Scottish National Party, the U.K. economy and the upcoming elections.

  • Haier CEO talks product plans for Europe   Tuesday, 21 Apr 2015 | 11:30 AM ET
    Haier CEO discusses product plans for Europe

    Yannick Fierling, CEO of Haier Europe, discusses his new product plans for Europe's customers.

  • EU gives Ukraine $267 million in low interest loans Tuesday, 21 Apr 2015 | 11:05 AM ET

    BRUSSELS— The European Union has given Ukraine 250 million euros in low interest loans as part of a package to help revive the country's lackluster economy. Ukraine received major bailout loans from the International Monetary Fund, European Union and the U.S. last year, but has been requesting more with no clear end in sight to its economic problems.

  • Expect an '11th hour' Greece deal   Tuesday, 21 Apr 2015 | 11:00 AM ET
    Expect an '11th hour' Greece deal

    Patrick Armstrong, CIO of Plurimi Investment Managers, says there may be some buying opportunities when it comes to Greece, however, a deal with Eurogroup won't come next week.

  • BERLIN, April 21- A Greek exit from the euro zone would carry significant risks for the global economy and no one should be under the impression that financial markets have fully priced in such an event, the chairman of the White House Council of Economic Advisers said. The comments by Jason Furman in an interview with Reuters in Berlin are among the strongest by a...

  • German investor sentiment edges down on global fears Tuesday, 21 Apr 2015 | 6:28 AM ET

    FRANKFURT, Germany— German investor optimism unexpectedly fell in April after five months of increases due to fears about the global economy. Germany's economy is heavily dependent on exporting cars and industrial machinery. ZEW President Clemens Fuest said Germany's low unemployment was keeping domestic expectations strong.

  • Not 'much value' in EU sovereign bonds   Tuesday, 21 Apr 2015 | 5:00 AM ET
    Not 'much value' in EU sovereign bonds

    Charles Newsome, divisional director at Investec Wealth & Investment, says he believes that Greece will move towards some sort of exit from the euro zone in the long term.

  • ECB may increase haircuts on Greek collateral: Sources

    European Central Bank staff are considering increasing haircuts on Greek bank collateral, sources told CNBC. Annette Weisbach reports.

  • Here's why you should buy Greek bonds   Tuesday, 21 Apr 2015 | 4:30 AM ET
    Here's why you should buy Greek bonds

    Jakob Christensen, senior economist at Exotix, explains why he believes we should be buying Greek bonds right now.

  • Who’s really to blame for the Greek crisis? Tuesday, 21 Apr 2015 | 2:19 AM ET
    Greece debt crisis

    It might be easy to blame the Greek government, but the main reason for the ongoing crisis could lie elsewhere.

  • April 21- Central banks including the Federal Reserve may need to set higher inflation targets in the future to avoid dealing with low economic growth, Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview with the Financial Times. Rosengren said he wanted the Federal Open Market Committee to debate about whether the United...

  • Grexit will crush German government bonds: Pro   Tuesday, 21 Apr 2015 | 12:52 AM ET
    Grexit will crush German government bonds: Pro

    Cosimo Marasciulo, head of European Government Bonds at Pioneer Investments, says a "Grexit", which may occur over the next few months, will result in German bond yields turning negative.

  • European bond yields will go lower: Expert   Monday, 20 Apr 2015 | 11:03 PM ET
    European bond yields will go lower: Expert

    Robert Parker, senior adviser, Investment, Strategy & Research Group at Credit Suisse, says bond yields in Europe are headed lower, with German bonds likely to turn negative over the next 2-3 weeks.

  • 'Grexit' or not, euro will hit parity: Wells Fargo   Monday, 20 Apr 2015 | 10:50 PM ET
    Grexit or not, euro will hit parity: Wells Fargo

    Whether Greece leaves the European Union, the euro will reach parity with the U.S. dollar over the next 12 months, says Eric Viloria, currency strategist at Wells Fargo Securities.

  • DIARY- Top Economic Events to April 30 Monday, 20 Apr 2015 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia to release the minutes of its April policy meeting- 0130 GMT. GENEVA- European Central Bank Supervisory Board Chair Daniele Nouy speaks at the International Center for Monetary and Banking Studies- 1630 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Henry Ohlsson takes part in panel debate- 1115 GMT.

  • Not surprised if Greek talks yield no deal: Pro   Monday, 20 Apr 2015 | 7:16 PM ET
    Not surprised if Greek talks yield no deal: Pro

    Bill Stone, chief investment strategist at PNC Asset Management Group, says this week's bailout talks may not see results and explains why comments about European stocks offering "unlocked value" is a nervous proposition.

Contact Europe: Economy


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