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The European Union

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  • BRUSSELS, Dec 17- The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday. "Ukraine will need more help. Ukraine will need $15 billion in addition to what is already...

  • EU shines light on dirty money with central registers Wednesday, 17 Dec 2014 | 5:47 AM ET

    LONDON, Dec 17- The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies. "Creating registers of beneficial ownership will help to lift the veil of secrecy of offshore accounts and greatly aid the fight against money laundering and blatant tax...

  • BRUSSELS, Dec 17- The European Union will widen its ban on investment in Crimea to target Russian Black Sea oil and gas exploration, EU officials said on Wednesday, tightening sanctions first imposed over Moscow's annexation of the region. At a summit on Thursday and Friday in Brussels, EU leaders meeting in the European Council will announce the punitive...

  • European Commission concerned about Russian economy Wednesday, 17 Dec 2014 | 5:18 AM ET

    BERLIN, Dec 17- The European Commission is worried about recent developments in Russia and has no interest in seeing the country's economy hobbled, a Commission official said on Wednesday. "We are all watching the economic developments in Russia with concern," the official said at a briefing in Berlin ahead of a summit of European Union leaders that starts on...

  • EU OFFICIALS AGREE TO TIGHTEN SANCTIONS ON CRIMEA, DECISION TO BE ADOPTED IN TIME FOR EU LEADERS DEC.18-19 SUMMIT- OFFICIALS.

  • Greece's presidential election: Why it matters Wednesday, 17 Dec 2014 | 1:08 AM ET

    Greece's lawmakers vote in a snap presidential election Wednesday and the result could spark further political uncertainty and economic turmoil.

  • ACCRA, Dec 16- Ghana must remove "ghost workers" from its public sector payroll before the European Union resumes budget support suspended a year ago, the EU ambassador to the West African country, William Hanna, said on Tuesday. EU grants worth up to 200 million euros could be crucial as Ghana seeks to recover from a fiscal crisis that has slowed the rapid GDP growth...

  • *China seeking foothold in central and eastern Europe. BELGRADE, Dec 16- China said on Tuesday it would create a new investment fund of $3 billion targeting central and eastern Europe, seeking to strengthen its foothold in the region as a door to the wider European Union. China sees central and eastern Europe as a potentially lucrative market and bridgehead to the...

  • Russia's effect on European markets  Tuesday, 16 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bad day for Russia exposed stocks, and the BOE published the results of its stress tests.

  • EU promises Greece 'lighter surveillance' Tuesday, 16 Dec 2014 | 7:23 AM ET

    ATHENS, Greece— Greece is on course to end a draconian bailout program in February and switch to "much lighter surveillance," European Union Finance Commissioner Pierre Moscovici said Tuesday. Greece has been given a two-month extension to conclude bailout program negotiations after weeks of deadlocked talks on new cost-cutting measures demanded by the "...

  • Europe's false sense of security  Tuesday, 16 Dec 2014 | 6:40 AM ET

    Mark Grant, Southwest Securities, shares his outlook on Europe's economy and its impact on the U.S. as oil continues to fall. We're in for a bumpy ride, cautions Grant.

  • BRUSSELS, Dec 15- The European Union agreed on Monday to implement a German-British plan to revive Bosnia's bid to join the bloc, which rests on a new government's commitment to reform. Britain and Germany proposed last month to offer EU funds to Bosnia in return for institutional reform, an initiative that was followed up by the EU's foreign policy chief...

  • BRUSSELS, Dec 15- European Union antitrust regulators on Monday approved the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker after they promised to sell a swathe of overlapping assets. Holcim and Lafarge said the package, with the exception of a minor change in France, was about the same as that announced in...

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • European markets close in red  Friday, 12 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including stocks falling 5 percent in one week.

  • FTSE falls for fourth session  Thursday, 11 Dec 2014 | 11:30 AM ET

    CNBC's Carl Quintanilla reports on all the market moving events in Europe today.

  • Libya's airlines banned from EU skies Thursday, 11 Dec 2014 | 11:18 AM ET

    BRUSSELS— The European Union has banned Libya's seven airlines from operating in European skies, citing safety concerns linked to the ongoing fighting there. Violeta Bulc, EU commissioner for transport, said Thursday that "recent events in Libya have led to a situation whereby the civil aviation authority is no longer able to fulfil its international...

  • Greek stocks plunge further as elections loom Thursday, 11 Dec 2014 | 9:54 AM ET

    Snap elections are the best way to ensure stability in Greece, a senior policymaker told CNBC, despite stocks falling nearly 13% on news of the vote.

  • European Union licks envelope cartel Thursday, 11 Dec 2014 | 7:30 AM ET

    AMSTERDAM— The European Commission's top competition regulator has unveiled a settlement with five envelope-makers, fining them a total of 19.4 million euros for forming a cartel. Competition Commissioner Margrethe Vestager said Thursday the fines levied against Sweden's Bong, France's GPV and Hamelin, Germany's Mayer-Kuvert and Spain's Tompla would...

  • Oil drives European markets lower  Wednesday, 10 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a record low for the 10-year German bund and expectations for ECB QE.