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The European Union

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  • Could the European Union Actually Break Apart? Monday, 15 Nov 2010 | 1:47 PM ET

    In an article in today's Financial Times, Portuguese finance Minister Fernando Teixeira dos Santos was discussing the implications of the current simultaneous credit crises in Greece, Portugal, and Ireland.

  • How the Smartphone Is Killing the GPS Device Monday, 15 Nov 2010 | 11:37 AM ET

    The auto navigation device may soon begin to disappear, industry experts say, as satellite-tracking technology is absorbed into smartphones and automobiles. The New York Times reports.

  • The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.

  • Greece Sees Deficit Above Target After Revisions Monday, 15 Nov 2010 | 7:00 AM ET

    Greece expects the budget deficit in 2010 will be larger than initially targeted after the EU's statistics agency said Monday the country's debt last year was actually much higher than projected.

  • EU Tries To Stop The Emerald Island Meltdown Friday, 12 Nov 2010 | 12:50 PM ET
    Ireland and European Union

    The European Union may have managed to stanch the bleeding—for the moment—on Irish bonds.

  • Halftime: Has Apple Lost Leadership of the Nasdaq? Thursday, 11 Nov 2010 | 2:06 PM ET

    Veracruz founder Steve Cortes thinks so and here's how he's trading it.

  • Monetary Easing a ‘Necessary Evil’: Roubini Thursday, 11 Nov 2010 | 11:26 AM ET
    Nouriel Roubini

    The European Central Bank’s reluctance to consider further monetary easing exacerbates the problems the euro zone is currently facing, economist Nouriel Roubini told CNBC Thursday.

  • Irish Bank Chief Seeks to Attract Foreign Buyers Thursday, 11 Nov 2010 | 6:03 AM ET
    Dublin, Ireland

    Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.

  • Doubts Grow Over ‘Peripheral’ Euro-Zone Nations Wednesday, 10 Nov 2010 | 3:40 AM ET

    The rumbling crisis over the integrity of the eurozone has entered a new and ominous phase, with economists and bond market investors questioning the ability of “peripheral” European economies to stay in the euro without yet another rescue package. The FT reports.

  • Morici: Fed Easing and G20 Hypocrisy Monday, 8 Nov 2010 | 10:45 AM ET

    The United States should tax purchases of yen, yuan and euro used to import goods from those three economies. Set it at about 40 percent until the Gang of Three agrees to acceptable exchange rate reforms.

  • HSBC and StanChart Call for Basel III Rewrite Monday, 8 Nov 2010 | 4:30 AM ET

    Some of the biggest trade finance providers, led by HSBC and Standard Chartered, are lobbying to have tough capital rules toned down, warning that if they are not, world trade could be severely hampered. The Financial Times reports.

  • Portugal PM Blames Speculation for Rise in Bond Yields Wednesday, 3 Nov 2010 | 8:58 AM ET
    Portugal

    José Sócrates, Portugal’s prime minister, has blamed an increase in government bond yields on “speculative movements”, saying growing pressure on the country’s borrowing costs had no economic justification. The Financial Times reports.

  • Shift in Washington Stirs Economic Jitters Abroad Wednesday, 3 Nov 2010 | 8:46 AM ET

    If Bush-era income tax cuts are extended and the deficit grows, the dollar could be further weakened — a prospect that worries U.S. allies and trading partners, the New York Times reports.

  • These Stocks Are Better Than Bonds: Charts Monday, 1 Nov 2010 | 7:43 AM ET

    Investors disappointed with the yield on government bonds should look to good-quality companies with strong dividends such as Deutsche Telekom and Nestle, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.

  • Germany Pushes State Default Proposal at EU Summit Thursday, 28 Oct 2010 | 5:02 AM ET

    Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.

  • West Grapples With Chinese Hold on Rare Earth Supplies Tuesday, 26 Oct 2010 | 4:03 PM ET
    Bulldozer scoop soil containing various rare earth to be loaded on to a ship at a port in Lianyungang, east China's Jiangsu province in September, for export to Japan.

    The World Trade Organization, the EU and the United States said Tuesday they were pressing for solutions to concerns China may be exploiting its stranglehold on rare earth metals, crucial in the making of everything from portable phones to wind turbines.

  • The dollar may be set to rise as currency wars bring more controls on flows of capital and a rise in protectionism, David Bloom, currency strategist at HSBC, told CNBC.

  • Nouriel Roubini

    The European Central Bank should worry less about the “phantom risk” of inflation and instead focus on the rising threat of deflation which could result from a currency war, economist Nouriel Roubini said in an article for Roubini Global Economics clients.

  • Scenes from the French Protests Tuesday, 19 Oct 2010 | 11:54 AM ET
    As European austerity measures take shape, protests that have real economic impact and at times turn violent are erupting country-by-country. In France, the response to the government’s plan to raise the retirement age from 60 to 62 has sparked nearly a week of national strikes and protests, causing major problems for airports, gas stations, public services and police forces. With the French Senate set to vote on Wednesday on final changes to the pension system, scores of protesters are taking t

    In France, the response to the  government’s plan to raise the retirement age from 60 to 62 has sparked nearly a week of national strikes and protests. Click for photos.

  • Commission Looks to EU-Wide Smoking Ban Tuesday, 12 Oct 2010 | 10:23 AM ET
    Cigarette in ashtray

    The European Commission is preparing for a smoking ban across the European Union, with legislation introduced as early as next year, according to several media reports Tuesday.