CNBC's Simon Hobbs reports on all the market moving events in Europe today, as traders become wary of Ukraine event risk.» Read More
U.K. prime minister, David Cameron highlights the strong trading relationship with Germany and says that the European Union faces an "existential economic challenge."
LUXEMBOURG, Feb 27- Bankers and policymakers across Europe want a slice of the growing market in China's offshore currency, but a slowing economy and the yuan's recent slide may make investors wary.
German chancellor, Angela Merkel tells the British parliament that Europe needs to create a "sound and responsible" financial system in which banks must "contribute to the common will."
Europe needs to reform its political shape while ensuring the freedom of its citizens and markets, German chancellor, Angela Merkel told the British Parliament in a speech.
Those with expectations of her speech heralding a new future for the UK in Europe "are in for a disappointment" jokes German chancellor, Angela Merkel as she addresses the UK parliament.
*Hochtief cancels 10 pct of treasury shares. *Hochtief sees 2014 adj net profit of 225- 250 mln euros. ESSEN, Germany, Feb 27- Spain' ACS is set to gain more control at Hochtief after the German builder announced plans to cancel some shares, and analysts expect ACS to increase its stake again in the future as it seeks to become a global player.
CNBC's Ross Westgate reports on all the market moving events from Europe, as investors focus on Fed Chair Yellen's testimony before Congress, and the future of Ukraine.
*German veteran says Russia needs help to swallow Ukraine setback. PARIS, Feb 27- The European Union should engage Russia with a far-reaching offer of free trade and eventual visa-free travel to help it overcome anger at seeing Ukraine drift away from Moscow's orbit, a veteran German troubleshooter says.
The Bundesbank is unlikely to participate in the ECB's OMT program even if the European Justice Court deems it legal, argues Hans-Werner Sinn, president of the Ifo Institute for Economic research.
Hans-Werner Sinn, president of the Ifo Institute for Economic research, says that the European Central Bank has a "very limited mandate" and making the currency union converges is not part of it.
*Russian troops on alert in drill near Ukraine border. LONDON, Feb 26- German government bond yields fell to their lowest in nearly three weeks on Wednesday as mounting geopolitical tensions over Ukraine spurred flows into low-risk debt.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including more gains for Greece and a strong rally for the U.K. home builders.
TUNIS, Feb 26- Tunisia expects a record high 7 million tourists to visit this year as the country that inspired the Arab Spring revolts enjoys political stability for the first time since the uprising three years ago, the tourism minister said.
*Rouble hits five-year low on Ukraine fallout. LONDON, Feb 26- Worries grew on Wednesday that investors were backing away from some of the world's key emerging markets, as Russia's rouble hit a five-year low the day after China's yuan saw its biggest drop in three years.
WOOSTER, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto gives lecture, "Reflections on 35 Years with the Federal Reserve System" at the James R. Wilson Lecture Series hosted by the College of Wooster- 0030 GMT. SAITAMA, Japan- Bank of Japan board member Koji Ishida speaks to business leaders in Saitama- 0130 GMT.
LONDON, Feb 26- When David Armitt needed to refinance loans last year for his 153- year-old manufacturing company in Yorkshire, he found British banks reluctant to lend.
BERLIN, Feb 26- Many of the world's top food and drink companies are taking steps to improve their social and environmental impact on poor countries, although there is still much more to do, development group Oxfam said on Wednesday.
BERLIN, Feb 26- Many of the world's top food and beverage companies are taking steps to improve their social and environmental impact on poor countries, although there is still much more to do, development group Oxfam said on Wednesday.
BERLIN, Feb 25- Private equity investors sitting on a record amount of cash are poised to leap into southern Europe after shunning the region for years, hoping to benefit from an economic recovery.
FRANKFURT, Feb 25- Fresenius Medical Care, which makes kidney dialysis machines, forecast a shock fall in net profit for this year due to healthcare spending cuts in the United States.