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  • Rome Court Summons Bank of Italy Over Monte Paschi Friday, 1 Feb 2013 | 1:46 AM ET
    Banca Monte dei Paschi di Siena

    A court in Rome has summoned Bank of Italy officials for questioning on the state bailout of Monte dei Paschi, as scandal spread over the trading that plunged the world's oldest bank into trouble.

  • Lawson Urges Full Nationalization of RBS Friday, 1 Feb 2013 | 1:23 AM ET

    Nigel Lawson, former Tory chancellor, has urged George Osborne to fully nationalize the Royal Bank of Scotland, attacking the banking industry's bonus culture and what he says are its overrated "star" traders, the Financial Times reports.

  • Iran Oil Exports to Asia Fell by a Quarter in 2012 Thursday, 31 Jan 2013 | 7:04 PM ET
    FILE - An Iranian oil technician makes his way to the oil separator facilities in Iran's Azadegan oil field southwest of Tehran.

    Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.

  • Spain's Rajoy, Ruling Party Deny Secret Slush Fund Thursday, 31 Jan 2013 | 12:00 PM ET
    Spanish Prime Miniister Mariano Rajoy (R) attends a Parliament session in Madrid. Anger over a long list of corruption scandals implicating bankers, politicians and even members of the royal family.

    Spain's ruling People's Party denied on Thursday that Prime Minister Mariano Rajoy and other leaders received payments from a slush fund after a newspaper published what it said were secret party accounts.

  • Draghi's New Powers Under Monte Paschi Spotlight Thursday, 31 Jan 2013 | 10:04 AM ET
    Banca Monte dei Paschi di Siena

    As European Central Bank head prepares to become banking supervisor for the euro zone, he can ill afford the charge that Italy's central bank let scandal-hit Monte Paschi off the hook with woeful oversight.

  • German Retail Sales Plunged in December Thursday, 31 Jan 2013 | 3:42 AM ET
    Reichstag Parliment building, Berlin, Germany

    German retail sales tumbled by their largest amount in over three years in December, preliminary data showed on Thursday, denting hopes that private consumption can compensate for weaker exports and lift Europe's largest economy this year.

  • Spain's Clandestine Restaurants Hide From Taxman Thursday, 31 Jan 2013 | 2:35 AM ET

    Economic hardship has inspired a full range of clandestine entrepreneurship in Spain. The combination of higher taxes and unemployment has pushed desperate Spaniards to convert their apartments and underused lofts and warehouses into jazz clubs, hair salons, restaurants and even flamenco halls.

  • New Rio Tinto Chief Faces First Difficult Decision Wednesday, 30 Jan 2013 | 8:04 PM ET

    Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.

  • Rajoy Gets No Love Despite Modest Positive Signs Wednesday, 30 Jan 2013 | 2:48 AM ET
    Mariano Rajoy, Prime Minister of Spain.

    Prime Minister Mariano Rajoy looks to have a tough year ahead as austerity bites, Catalonia bucks, and corruption lurks. The Christian Science Monitor reports.

  • Monti Win Likely to Boost Italian Bonds: Coutts Wednesday, 30 Jan 2013 | 12:00 AM ET
    Mario Monti

    Italy's technocrat prime minister, Mario Monti, is likely to lead the country again after the national election in February, Coutts Chief Investment Officer Norman Villamin told CNBC.

  • Anglo American's $4 Billion Hit Clears Way for New CEO Tuesday, 29 Jan 2013 | 4:52 PM ET

    Anglo American took a $4 billion hit to its Minas Rio project on Tuesday, clearing the decks for new boss Mark Cutifani and indicating that the delayed Brazilian operation will eventually get off the ground.

  • QE Program a 'Disaster,' Say Saving and Pension Groups Tuesday, 29 Jan 2013 | 9:28 AM ET

    The policy of quantitative easing pursued by the Bank of England since 2008 has hurt the nation's savers and any further stimulus would have marginal benefits, according to evidence heard by U.K. policymakers.

  • Greek Debt Rally May Fade as Exit Fears Linger Tuesday, 29 Jan 2013 | 8:39 AM ET

    A powerful rally in Greek government bonds, which has seen prices surge four-fold since June, is running out of steam with investors still nervous the bailed-out country could be at risk of leaving the euro zone.

  • Banks Healthier but Risks Remain: Mark Carney Tuesday, 29 Jan 2013 | 3:09 AM ET

    Mark Carney, incoming governor of the Bank of England, struck a cautious note on Monday, saying banks were now better placed to withstand financial shocks but warning that they still needed to reform further.

  • G20 Unlikely to Pressure Japan Over Weakening Yen Monday, 28 Jan 2013 | 7:09 PM ET

    The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

  • Spain May End Short-Selling Ban as Crisis Eases Monday, 28 Jan 2013 | 8:39 AM ET

    Spain may end its ban on short-selling stocks and bonds this week as the euro zone crisis relents, although controls could stay for bank shares which speculators targeted heavily during last year's turmoil.

  • Dublin, Ireland

    Ireland's shortcomings in underwriting its troubled banks is now a global responsibility that should be addressed, the country's former Prime Minister John Bruton told CNBC on Monday.

  • The European Debt Crisis has caused Euro-zone leaders to re-examine their ties to Latin America, as the region's economy continues to grow.

  • Deutsche Bank, Frankfurt

    German regulator BaFin has launched a special probe against four lenders including Deutsche Bank as part of an investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), the Sueddeutsche Zeitung newspaper reported on Monday.

  • Credit Suisse Could Owe $2 Billion Over Fraud: Judge Monday, 28 Jan 2013 | 1:12 AM ET

    Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge's determination on how to apportion responsibility.