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Europe: Economy

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  • NEW YORK, Dec 19- The U.S. dollar hit its highest level against major currencies in over 8-1/ 2 years on Friday on diverging monetary policy between the Federal Reserve and other major central banks, and bullish dollar positions heading into the end of the year. The euro hit a 28- month low against the greenback, while the dollar hovered near a 28- month high against...

  • SAN FRANCISCO, Dec 19- U.S. inflation will likely still be "well below" the Federal Reserve's 2- percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday. "I would say at this point that June 2015 seems like a reasonable starting point for thinking about when liftoff could happen," San Francisco Federal...

  • Global oil impact: Who's hurting, happy, hopeful Friday, 19 Dec 2014 | 1:12 PM ET

    Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt. The world's four biggest economies— U.S., China, Japan and that of the European Union— all benefit from lower oil prices. "Economically this is a good thing for the U.S., it's a good thing for Europe, it's a good thing for China and it's a good thing for most consumers,"...

  • European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.

  • EU Summit highlights  Friday, 19 Dec 2014 | 11:25 AM ET

    What were the main highlights of the EU Summit in Brussels? CNBC's Hadley Gamble gives you the lowdown.

  • ECB bond-buying expected in March?  Friday, 19 Dec 2014 | 11:00 AM ET

    With the European Central Bank considering making weak euro zone countries bear the burden of the stimulus programme, Azad Zangana, European economist at Schroders, discusses how the imminent sovereign quantitative easing might work.

  • The euro hovered near a 28- month low against the greenback, while the dollar touched a more than one-week high against the yen in a continuation of dollar strength on the back of the Fed's hints at tighter monetary policy on Wednesday and looser policies in Europe, Japan and Switzerland. "Looking into 2015, the prospect of European Central Bank quantitative...

  • Putin: Russia military modernization to go ahead Friday, 19 Dec 2014 | 10:44 AM ET

    Speaking at a meeting with Russia's top military brass, Putin said the nation's nuclear forces are a "major factor in maintaining global balance," adding that "they effectively preclude the possibility of a large-scale aggression against Russia." The huge military buildup is continuing despite the country's economic woes, triggered by a combination of...

  • BUDAPEST, Hungary— A Hungarian official says a plan to tax Internet use, which provoked huge protests, "is dead and will never come back to life." Prime Minister Viktor Orban promised to shelve the tax, but revisit it in 2015, after street rallies against the plan drew tens of thousands of mostly young protesters. Tamas Deutsch, a member of the European Parliament and...

  • LONDON, Dec 19- Traders who bought emerging market currencies at the start of 2014 could still be in profit, as long as they didn't fund their investment with U.S. dollars. A basket of emerging currencies excluding the Russian rouble, tracked by UBS, had fallen 8.6 percent against the dollar year-to-date by Dec. 16. "A lot of the headlines about EM currency weakness...

  • WASHINGTON, Dec 19- The International Monetary Fund said on Friday it had productive discussions with officials in Ukraine this week, and planned to return to Kiev for further talks in January. "We found that the Ukrainian authorities are preparing to move decisively on a broad and comprehensive agenda to stabilize and reform the economy, while coping with the...

  • Cramer: Germany winning, everyone else losing  Friday, 19 Dec 2014 | 9:02 AM ET

    CNBC's Jim Cramer explains why the market rally has caught some investors by surprise, and discusses the expectations of more European QE.

  • ECB: Weak countries to bear more QE risk: Sources Friday, 19 Dec 2014 | 8:42 AM ET

    ECB officials are considering ways to ensure weak countries that stand to gain most from fresh round of money printing.

  • German consumer confidence on the rise Friday, 19 Dec 2014 | 3:53 AM ET

    BERLIN— German consumer confidence is continuing to improve, supported by expectations of increasing economic strength and a greater willingness to make purchases. The GfK research group said Friday its forward-looking consumer climate index rose to 9 points for January from 8.7 points in December. GfK says consumers still have uncertainty over ongoing...

  • Why the ECB should buy corporate debt  Friday, 19 Dec 2014 | 3:25 AM ET

    Bryn Jones, head of fixed income at Rathbones, explains why it makes more sense for the European Central Bank to buy corporate debt rather than sovereign bonds.

  • Russia situation 'extremely grave': Trichet Friday, 19 Dec 2014 | 2:56 AM ET
    Former European Central Bank (ECB) president Jean-Claude Trichet.

    Russia's economic crisis is an "extremely grave" situation not only for Russia, the former president of the European Central Bank told CNBC.

  • IMF postpones Cyprus loan tranche after foreclosure law Thursday, 18 Dec 2014 | 6:11 PM ET

    WASHINGTON, Dec 18- The International Monetary Fund on Thursday said it could no longer release funds to Cyprus under its bailout this week, after the euro zone government suspended a foreclosure law that was required under the loan program. Cyprus needed an international bailout of 10 billion euros from the European Commission and the International...

  • NEW YORK, Dec 18- Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally positive, the bond giant said on Thursday in its year-end Cyclical Forum outlook report. Pimco said its view that the outlook...

  • Does Europe need structural reform?  Thursday, 18 Dec 2014 | 11:40 AM ET

    At the EU summit, CNBC's Hadley Gamble talks to Finland's prime minister Alexander Stubb on whether Europe needs structural reform.

  • Europe surges on Fed pledge, Russian stocks bounce  Thursday, 18 Dec 2014 | 11:30 AM ET

    European shares closed sharply higher on Thursday with global sentiment boosted after the U.S. Federal Reserve said it had confidence in the economy.

Contact Europe: Economy

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