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The European Union

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  • EU urges Russia to forget old gas contract with Ukraine Thursday, 5 Mar 2015 | 11:24 AM ET

    BRUSSELS— The European Union is concerned that Russia might want to enforce its old gas contract with Ukraine once their current arrangement runs out, saying it could contravene Moscow's peace obligations. Russia and Ukraine agreed a truce this week in their latest natural gas price dispute that will ensure supplies until the end of March.

  • Gas has become a double-edged sword in the dispute between Ukraine and Russia after Moscow's seizure of Crimea a year ago. Russia needs the European Union as its biggest market, while the EU relies on Russia for roughly a third of its gas, of which some 40 percent is shipped via Ukraine. But EU efforts to follow a winter gas deal with an agreement to guarantee Russia...

  • Any euro recovery could hurt US stocks: Trader Thursday, 5 Mar 2015 | 9:34 AM ET

    A stronger euro would "probably would weigh on the stock market," says Jim Iuorio, managing director at TJM Institutional Services.

  • ECB's bond-buying to begin March 9th  Thursday, 5 Mar 2015 | 8:45 AM ET

    Jim Iuorio, TJM Institutional Service, and CNBC's Steve Liesman and Rick Santelli, weigh in on the ECB's rate and monetary policy decision.

  • Draghi: ECB isn't a political institution  Thursday, 5 Mar 2015 | 8:00 AM ET

    ECB president Mario Draghi insists "we're a rule based institution, not a political one".

  • Draghi: Projections are conditional  Thursday, 5 Mar 2015 | 8:00 AM ET

    Mario Draghi, president of the European Central Bank, talks about the bank's economic projections, saying they are conditional on full implementation of all the policy measures.

  • ECB QE to launch on Monday  Thursday, 5 Mar 2015 | 8:00 AM ET

    At the ECB meeting, Mario Draghi, president of the European Central Bank, says they will start purchasing government bonds on March 9th.

  • Draghi: We can't buy Greek bonds  Thursday, 5 Mar 2015 | 8:00 AM ET

    At the ECB meeting, Mario Draghi, president of the European Central Bank, explains why the purchase program cannot buy Greek bonds.

  • Mario Draghi on economic data  Thursday, 5 Mar 2015 | 8:00 AM ET

    Mario Draghi, president of the European Central Bank, discusses the details of quantitative easing and the European economic data.

  • ECB leaves key rate unchanged at 0.05%  Thursday, 5 Mar 2015 | 7:44 AM ET

    Boris Schlossberg, BK Asset Management, provides perspective on Mario Draghi's policy announcement and when the EU is likely to launch QE.

  • Investors eye ECB QE start date  Thursday, 5 Mar 2015 | 7:00 AM ET

    Sony Kapoor, managing director at Re-Define, doesn't expect the European Central Bank to announce any shock details about quantitative easing today.

  • ECB QE: Don't expect huge market reaction  Thursday, 5 Mar 2015 | 4:00 AM ET

    Janet Henry, chief European economist at HSBC, says today's ECB policy update will be fairly "muted" and "all about the detail."

  • Europe closes; All eyes on ECB meeting  Wednesday, 4 Mar 2015 | 11:25 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the slipping euro ahead of Thursday's European Central Bank meeting.

  • LUXEMBOURG— A European Union high court has handed Britain and its London financial hub a victory by ruling against a European Central Bank decision that would have forced financial institutions clearing trades in euros to be based in the eurozone. Britain is part of the EU but doesn't use the euro. London is Europe's predominant financial center and the ECB's...

  • Greece can learn from us: Irish PM  Wednesday, 4 Mar 2015 | 4:00 AM ET

    Endy Kenny, Taoiseach of Ireland, talks about his country's relationship with the Troika and gives some advice to Greece.

  • Why the drachma can’t save Greece: Goldman Tuesday, 3 Mar 2015 | 11:35 PM ET
    A one-euro coin and a one-drachma coin in front of a Greek national flag

    Fears Greece may exit the euro and revive the drachma abound, but attempting a return to the currency Athens left behind may be tragic, Goldman said.

  • EU officials announce bust of major tax fraud ring Tuesday, 3 Mar 2015 | 12:33 PM ET

    THE HAGUE, Netherlands— European Union officials say they have broken up a cross-border gang responsible for cheating EU member countries of 150 million euros in tax revenue. Those arrested are suspected of participating in organized fraud that deprived Germany, the Netherlands, Poland and the Czech Republic of major sums of value-added tax payments.

  • NEW YORK— Pfizer's blockbuster vaccine against pneumonia and other bacterial infections has won another approval, for use in European Union residents aged 18 and older. New York- based Pfizer says more than 750 million doses have been distributed worldwide. Last year, Prevnar's global sales reached $4.5 billion, making it the No. 2 product for the company, which...

  • Dubai's Emirates says adds $7.6 bln to EU GDP Tuesday, 3 Mar 2015 | 10:34 AM ET

    DUBAI, March 3- Dubai's flagship airline Emirates contributes 6.8 billion euros to the European Union economy, it said on Tuesday, in an apparent response to criticism from rivals that government subsidies give Gulf carriers an unfair advantage. Emirates first flew to Europe in 1987 and since then has grown to 350 passenger flights a week from Europe, its...

  • Europe closes: ECB meeting Thursday  Monday, 2 Mar 2015 | 11:29 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including shares of oil companies moving lower, and the concern for Greece.