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.» Read More
FRANKFURT, March 2- German banker Korbinian Ibel gave up a company car and took a pay cut to seize the chance to join a new organisation that could play a big role in taking European integration to the next level.
Treasury Secretary Jacob Lew speaks at the of the American Israel Public Affairs Committee Policy Conference 2014- 2200 GMT. BRUSSELS- ECB President Mario Draghi will give introductory remarks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels, Belgium- 1400 GMT.
WASHINGTON _ The Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.; House Energy and Commerce subcommittee hearing on proposed changes to generic drug labeling.
WASHINGTON _ Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.; House Energy and Commerce subcommittee hearing on proposed changes to generic drug labeling.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the phenomenal year for Greece, Ireland and Portugal.
LONDON, Feb 28- OPEC's oil output has risen further in February from December's 2-1/ 2- year low, due to more shipments from Iraq and Angola, and further upward creep in Iranian exports, a Reuters survey found on Friday.
NEW YORK- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota and Federal Reserve Board Governor Jeremy Stein participates in panel to discuss report on interactions between monetary policy and financial stability before the University of Chicago Booth School of Business 2014 Monetary Policy Forum- 1515 GMT.
Germany and the U.K. have a lot of "common ground" and goals for the E.U. says German chancellor, Angela Merkel adding that to reach these goals, some countries will have to do their "homework."
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.