Chuka Umunna, Labour's shadow business secretary, discusses the Labour party's stance on membership of the European Union, the importance of London as a global financial hub, and youth unemployment in the U.K.» Read More
BRUSSELS, March 11- EU negotiators are pressing U.S. counterparts to agree a framework to allow imports of U.S. liquefied natural gas into the European Union via a transatlantic trade pact under discussion, people close to the talks told Reuters.
*EU officials preparing ground for further Russia sanctions. BRUSSELS, March 10- The European Union is preparing to impose travel bans, asset freezes and other restrictions on Russia for its failure to "de-escalate" the crisis in Crimea, officials said on Monday.
BRUSSELS, March 10- In its effort to show Russia it means business over Ukraine, the European Union may have created extra problems for itself in committing to a quick political deal with Kiev while leaving closer economic ties for later.
FRANKFURT/ BRUSSELS, March 10- Brussels dealt a blow on Monday to two major Russian pipeline projects to supply natural gas to Europe, in the latest sign of strains in the energy links between Moscow and the European Union. Russia's seizure of Ukraine's Crimea region has already shaken political relations between Russia and the European Union.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a concern about iron ore prices in China and French telecoms continue to surge.
Michael Spindelegger, Austrian finance minister, says that the bail-in mechanism is to be one of the main principles in the future for European banks, and discusses the Austrian banking sector.
Anthimos Thomopoulos, CEO of Piraeus Bank, says non-performing loans will peak this year as recovery in the Greek economy takes place.
CNBC's Julia Chatterley reports on the future of the banking union in the European Union as finance ministers from across the bloc attempt to reach a compromise with members of European Parliament on how to wind down failing banks.
ROME, March 9- An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday.
*Compromise needed next week to avoid months of delay. BRUSSELS, March 9- European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill.
*Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.
The bailout money Ukraine is getting may go directly to Russia, analysts tell CNBC.
President Vladimir Putin rebuffed a warning from Barack Obama over Moscow's military intervention in Crimea, saying that Russia could not ignore calls for help from ethnic Russians in Ukraine.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as traders become wary of Ukraine event risk.
LONDON, March 7- European Union lawmakers will consider toughening up the bloc's cap on bankers' bonuses after lenders have begun softening its impact by awarding extra "allowances" to top up fixed pay.
DUBLIN, March 6- Ukraine may apply to become a member of the European Union, the centre-right European People's Party is set to declare on Friday, according to a draft statement underscoring the determination of key European capitals to back the country trying to fend off Russian intervention.
As Ukraine remains in crisis mode, the country's oligarchs have more than their wealth at stake.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB's Draghi's upbeat comments.
Arseniy Yatsenyuk, Ukraine prime minister, says that the country is in a "desperate financial plight" but that the government is trying to maintains stability and provide social standards.
*Europe also may have insufficient reserve gas for Ukraine. PRAGUE/ LONDON, March 6- Directing natural gas from the European Union to Ukraine if Russia stops supplying its western neighbour would fail to keep up with demand for long as capacity between the EU and Ukraine is too small, analysts said on Thursday.