The European Union


  • MOSCOW, Oct 29- Russian natural gas producer Gazprom said on Wednesday it had failed to reach a deal at talks with the European Commission on the Opal gas pipeline and wants new negotiations. The European Union executive had delayed until at least the end of this month a decision on whether to allow Russia greater access to the pipeline in northeastern Germany.

  • BRUSSELS, Oct 28- The European Commission provisionally accepted the budgets of France and Italy, saying on Tuesday that no euro zone states had submitted deficit plans for next year that seriously breached EU rules for fiscal stability. A day after Paris and Rome amended their 2015 budgets in the hope of avoiding censure from the European Union executive, the...

  • EU welcomes French, Italian budget tweaks Tuesday, 28 Oct 2014 | 2:08 PM ET

    The European Commission said France and Italy's efforts to adjust their 2015 budgets have been 'constructive.'

  • MOSCOW, Oct 28- Gazprom Neft, the oil arm of Russia's state gas giant Gazprom, said on Tuesday it has challenged in a European Union court the bloc's sanctions against it, imposed as part of wider restrictions on Russia over Ukraine. Gazprom Neft has been targeted by EU as well as U.S. sanctions over the crisis in east Ukraine where the West says Moscow is supplying...

  • Good gains as European markets close     Tuesday, 28 Oct 2014 | 12:29 PM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including politics in Greece and earnings by big companies including UBS and Lloyds Banking.

  • Leonhard Birnbaum, Member of the Board of Management at E.ON, is confident that the European Union's target to reduce greenhouse gases by 40 percent in 2030 can be met.

  • France bends to EU request, will revise its budget Monday, 27 Oct 2014 | 2:17 PM ET

    PARIS— France's finance minister says the government will revise its 2015 budget after the European Union objected to the country's flouting a deficit deal. France is under pressure to get its public finances in order after admitting that its 2015 budget would break promises to bring its deficit below the EU limit of 3 percent of gross domestic product within...

  • Ex-Bear Sterns CEO keen on EU assets     Monday, 27 Oct 2014 | 12:40 PM ET

    Alan Schwartz, previously CEO of Bear Stearns and now executive chairman of Guggenheim Partners, explains why he is still interested in investing in Europe.

  • ECB tests tougher than expected: Cyprus minister Monday, 27 Oct 2014 | 8:25 AM ET
    Cyprus Finance Minister Haris Georgiades

    The ECB’s “stress” tests were stricter than forecast, Cyprus’s finance minister told CNBC, after three Cypriot banks failed the check.

  • European banks stress test results     Monday, 27 Oct 2014 | 6:09 AM ET
    A euro logo next to the headquarters of the European Central Bank in Frankfurt.

    Martin Wolf, Financial Times, provides insight to the strength of European banks.

  • LAURA, Russia, Oct 24- Russian President Vladimir Putin issued a plea to the European Union and United States on Friday, asking them to help cash-strapped Ukraine raise funds to pay for Russian gas purchases and warning about escalation of the gas crisis. He also said he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which...

  • European markets close: ECB health check     Friday, 24 Oct 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including details on the number of euro zone banks that have failed the ECB's stress test.

  • European stress tests will be 'anti-climactic'     Friday, 24 Oct 2014 | 11:20 AM ET

    David Enrich, European banking editor at the Wall Street Journal says problems in the European bank stress tests are likely to be concentrated in Austria and Italy

  • EU behaviour is 'appalling': Cameron     Friday, 24 Oct 2014 | 11:05 AM ET

    U.K. Prime Minister David Cameron has slammed the European Union's demands for an additional 2.1 billion euros ($2.65 billion) as a result of the U.K.'s strong economic performance, branding it "unacceptable".

  • Draghi: Joint EU effort needed to avoid 'recession' Friday, 24 Oct 2014 | 10:42 AM ET
    European Central Bank Governor Mario Draghi speaks at a news conference during the World Bank/IMF annual meetings in Washington.

    The European Central Bank's President Mario Draghi urged EU leaders to contribute to efforts in avoiding a "relapse into recession."

  • BRUSSELS, Oct 24- European Union finance ministers will hold an emergency meeting to review a disputed adjustment of EU budget contributions after Britain objected to demands for an extra 2.1 billion euro payment this year, EU diplomats said. They said EU presidency Italy agreed to host a special meeting of ministers with the executive European Commission to...

  • UK rejects 'appalling' EU demand for more money Friday, 24 Oct 2014 | 5:06 AM ET

    BRUSSELS— British Prime Minister David Cameron insisted Friday he would not pay a European Union bill for an additional 2.1 billion euro contribution to the EU coffers at a time of increasing pressure at home for the country to leave the bloc. Cameron said asking Britain for a top-up of some 20 percent in its contributions on short notice "is an appalling way to...

  • People must be able to get a job: Swedish PM     Friday, 24 Oct 2014 | 3:30 AM ET

    Swedish Prime Minister Stefan Löfven says the European Union's heads of state are looking closely at "economic issues" and creating employment.

  • EU talks tough on corporate tax structures     Friday, 24 Oct 2014 | 3:30 AM ET

    EU Commissioner Designate Margrethe Vestager, says structures that allow big corporations to avoid tax is a "question of fairness".

  • BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...