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Europe Top News and Analysis

  • CEOs: Europe Recovery on Track Wednesday, 23 Jan 2013 | 7:39 AM ET

    The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.

  • Europe the 'Largest Emerging Market' in the World Wednesday, 23 Jan 2013 | 7:17 AM ET
    David Rubenstein, chief executive of global private equity firm The Carlyle Group.

    With billions of dollars' worth of distressed assets in its banks waiting to be snapped up by more intrepid investors, Europe is one of the "largest emerging markets" in the world, according to the chief executive of global private equity firm The Carlyle Group.

  • UK Jobless Claims Fall to Lowest Since June 2011 Wednesday, 23 Jan 2013 | 6:31 AM ET

    British unemployment fell for the 10th quarter running at the end of last year and jobless claims hit their lowest since mid-2011 in December, a rare bright spot as the economy flirts with another recession.

  • Rating Agencies ‘Getting Us Wrong’: South Africa Wednesday, 23 Jan 2013 | 5:53 AM ET
    Skyline view of Cape Town and Table Mountain from Helicopter

    Rating agencies are wrong to be concerned about South Africa, the country's finance minister told CNBC at the World Economic Forum on Wednesday, arguing that the country has its finances under control.

  • Mervyn King: Time to Review Inflation Target Wednesday, 23 Jan 2013 | 4:26 AM ET

    The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday.

  • StanChart CEO: Banking ‘Attacked’ From All Sides Wednesday, 23 Jan 2013 | 3:03 AM ET

    While the banking industry is being "attacked" from all sides, Standard Chartered's CEO tells CNBC that the Asia-focused bank is looking forward to the year, which has got off to a good start.

  • Barclays Plans to Cut 2,000 Investment Banking Jobs Wednesday, 23 Jan 2013 | 2:10 AM ET

    Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.

  • ECB's Draghi: Darkest Clouds Over Euro Have Passed Wednesday, 23 Jan 2013 | 1:39 AM ET

    The euro zone can begin 2013 with more confidence than last year but it is up to governments to carry the bloc forward with reforms while the European Central Bank delivers stable prices, ECB President Mario Draghi said on Tuesday.

  • SAP CEO: Software Industry Being Split in Two Wednesday, 23 Jan 2013 | 1:07 AM ET
    Jim Hagemann Snabe, co-chief executive officer of SAP AG

    German business software maker SAP issued guidance for 2013 operating profit that beat market expectations, and the company's co-Chief Executive Jim Hagemann Snabe told CNBC the software industry is being split into two.

  • Siemens Profit Hit by Delayed Order, Restructuring Wednesday, 23 Jan 2013 | 1:04 AM ET

    Germany's Siemens posted a slight decline in quarterly profit due to charges for a delayed high-speed train order and its new savings program.

  • BHP Digs Deeper for More Ore to Feed China Steel Mills Wednesday, 23 Jan 2013 | 12:13 AM ET

    BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.

  • France and Germany recently issued a joint postage stamp as part of a yearlong celebration of the 50th anniversary of the Elysee Treaty, the landmark agreement between the two former enemies. The New York Times reports.

  • Cyprus Poses Biggest Euro Zone Risk: IIF’s Dallara Tuesday, 22 Jan 2013 | 10:56 AM ET
    Charles Dallara, managing director of the Institute of International Finance (IIF).

    Cyprus, rather than Spain, Italy or Greece, poses the biggest sovereign risk to the euro zone, according to Charles Dallara, the managing director of the Washington-based bank lobby group, the Institute of International Finance (IIF).

  • Rehn Backs Loan Extension for Ireland, Portugal Tuesday, 22 Jan 2013 | 10:42 AM ET
    European economic commissioner Olli Rehn at the World Economic Forum.

    The EU's economic and monetary affairs commissioner Olli Rehn has told CNBC that he backs the idea of granting an extension to Ireland and Portugal on their bailout loans.

  • Spain’s Leader Faces Political Storm Over Corruption Tuesday, 22 Jan 2013 | 9:28 AM ET
    Prime Minister of Spain, Mariano Rajoy.

    Spanish Prime Minister Mariano Rajoy is facing an escalating political storm after his former party treasurer was accused of tax evasion and fraud linked to a 22 million euro fortune hidden in Swiss bank accounts.

  • Trust in Business Leaders at Low as Davos Begins Tuesday, 22 Jan 2013 | 8:34 AM ET

    As business leaders from across the world prepare to touch down in Switzerland, a new survey has revealed that just 18 percent of the public trusts business leaders to tell the truth.

  • EU Approves Financial Transactions Tax Tuesday, 22 Jan 2013 | 7:07 AM ET

    A majority of European Union finance ministers voted on Tuesday to allow Germany, France and nine other euro zone countries to prepare to introduce a tax on financial transactions, said two officials who attended the meeting.

  • Young Brits Back EU as Politicians Squabble Tuesday, 22 Jan 2013 | 4:13 AM ET

    Ahead of Prime Minister David Cameron's speech outlining his vision for the new U.K. relationship with the European Union, a recent poll shows that the majority of young people in the U.K. back the "European project".

  • Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.

  • EU Groups Face Questions Over Goodwill Tuesday, 22 Jan 2013 | 1:57 AM ET

    European companies are under mounting pressure to come clean about overpriced acquisitions after regulators found that losses taken on past deals were suspiciously low. The FT reports.

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