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Europe Top News and Analysis

  • Putin Threatens to Sack Officials Over Social Spending Wednesday, 17 Apr 2013 | 6:02 AM ET

    President Vladimir Putin threatened to sack senior officials over a failure to fulfill his pledges on social spending.

  • Apple iPad Faces Rising Challenge From $65 Rivals Wednesday, 17 Apr 2013 | 5:42 AM ET

    Apple may have surged ahead with tablet sales, but the competition is heating up in China, where ultra-cheap tablets are giving consumers more options.

  • Tesco Quits US as Profits Fall for First Time in 20 years Wednesday, 17 Apr 2013 | 3:45 AM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    Tesco, Britain's biggest retailer, will exit its loss-making business in the United States, taking a $1.5 billion write-off.

  • IMF Deals Blow to UK Optimism Wednesday, 17 Apr 2013 | 2:15 AM ET

    The U.K.'s hopes of a meaningful economic recovery in the near-term were dealt another blow by the IMF which singled out the country's fiscal plan for criticism.

  • Accounting Scandal Sinks Spain's Pescanova Wednesday, 17 Apr 2013 | 1:22 AM ET

    Spanish fishing firm Pescanova shareholders' anger mounted over accounting failings and the chairman's undeclared sale of shares in the period leading up to insolvency proceedings.

  • Italy Raises Funding Target by 10% on Asian Demand Wednesday, 17 Apr 2013 | 1:10 AM ET

    Italy has raised its debt issuance target for this year by nearly 10 percent and is hoping to tap demand from Asian investors to meet the goal, its head of debt management told Reuters on Tuesday.

  • What the G20 Need to Talk About This Week Tuesday, 16 Apr 2013 | 10:14 PM ET
    Russian Finance Minister Anton Siluanov

    Critical discussions will take place in Washington this week, notably the annual spring IMF and World Bank meeting and the meeting of G-20 finance ministers.

  • Judges Seize $2.4 Billion in Monte Paschi Probe Tuesday, 16 Apr 2013 | 9:42 PM ET
    The headquarters of the Monte Dei paschi di Siena bank

    Italian prosecutors said they have ordered the seizure of 1.8 billion euros ($2.4 billion) of assets from Japanese bank Nomura as part of an investigation into a suspected fraud.

  • Would You Buy a 'Man-Made' Diamond? Tuesday, 16 Apr 2013 | 8:50 PM ET

    Consumers of high-end diamond jewelry want the real thing and are willing to pay up, even though the lab-made variety are free of the 'blood diamonds' stigma.

  • Britain Bids Farewell to Thatcher Tuesday, 16 Apr 2013 | 8:43 PM ET
    The Ceremonial Funeral Of Former British Prime Minister Baroness Thatcher

    London staged its biggest political funeral in almost half a century as leaders gathered to say goodbye to the former prime minister.

  • Here's the Scariest Part of the Two-Day Gold Crash Tuesday, 16 Apr 2013 | 2:36 PM ET

    The latest selloff in gold was right up there with the stock-market crash of 1987 as scary market events go. And if investors don't get some answers, it may continue.

  • US Not as Vigilant as Europe on Terror: Analyst Tuesday, 16 Apr 2013 | 1:31 PM ET

    The deadly Boston Marathon bombings won't "change the way we live" in the United States, said Jack Jacobs, a retired U.S. Army colonel who received the Medal of Honor. "We haven't had attacks like they have in Europe."

  • Billionaire Malone on Wealth, Death and Yachts Tuesday, 16 Apr 2013 | 12:38 PM ET
    John Malone

    In the highly personal interview, the cable magnate talked about his wealth, his land holdings and the one toy he does enjoy: Barry Diller's yacht.

  • Germany Buys Secret Bank Accounts Data Tuesday, 16 Apr 2013 | 11:37 AM ET

    The German state of Rhineland-Palatinate said on Tuesday it had bought a CD containing data on secret bank accounts which could yield half a billion euros in tax revenues, triggering police raids across the country.

  • Cyprus Central Bank Failed Its Job, President Tells ECB Tuesday, 16 Apr 2013 | 10:59 AM ET

    The governor of Cyprus's central bank failed to regulate its banking system effectively, the island's president Nicos Anastasiades told ECB chief Mario Draghi.

  • Malta’s Banks Could Face European Crackdown: Fitch Tuesday, 16 Apr 2013 | 10:43 AM ET

    Malta's banking sector is seven-times the size of its economy and proportionally bigger than that of Cyprus, but Fitch Ratings said although it is less at risk in the short-term, it could still fall foul of EU leaders' crackdown on outsized and offshore bank sectors.

  • Goldman on Gold: We've Just Been Through a Decade Tuesday, 16 Apr 2013 | 9:35 AM ET

    The firm, which last week astutely recommended shorting gold, says a huge shift has just happened in the commodity market.

  • IMF: There Is No Silver Bullet for Debt Concerns Tuesday, 16 Apr 2013 | 8:42 AM ET
    Christine Lagarde, managing director of the International Monetary Fund

    The International Monetary Fund has urged advanced economies to use "all prudent measures" to boost sluggish demand, including monetary policy, even as it trimmed 2013 growth forecasts for the global economy to 3.25 percent.

  • Pakistan Bears Brunt of Iran Earthquake, 13 Killed Tuesday, 16 Apr 2013 | 7:08 AM ET
    Pakistanis are pictured outside after evacuating nearby buildings following tremors in Karachi on April 16, 2013.

    At least five people were killed and hundreds of houses destroyed in Pakistan on Tuesday when the region was struck by tremors from an earthquake centered in neighboring Iran.

  • Why Loose Monetary Policy Holds Back Growth Tuesday, 16 Apr 2013 | 6:27 AM ET

    The paradox of the low rate environment is that after a time it actually holds back economic activity.

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