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Chief executives of Europe's top companies tell CNBC how sanctions on Russia are affecting their business.
Henri de Castries, CEO of AXA, says the company is prepared for further natural disasters after adverse weather in Germany caused a high number of payouts for the insurance company in the first half of 2014.
Geoffrey Yu, FX strategist at UBS, says Chinese President Xi Jinping has been as "good as his word" by sticking to the anti-corruption drive, but could scale back if growth begins to slow.
Frédéric Oudéa, CEO of Société Générale, says the second-quarter results posted by the bank were "strong".
Frédéric Oudéa, CEO of Société Générale, says the slew of banking litigation cases is a "risk" for the industry.
David Rees, emerging market economist at Capital Economics, says Argentina's technical default is the "final hurdle" preventing the country tapping the markets to raise money.
European and U.K. stocks opened mixed on Thursday, with another blast of quarterly earnings from big-name companies in gear. and after news that Argentina has entered its second default in 13 years.
Francesco Filia, CEO and CIO at Fasanara Capital, says Italian equities have a 20 percent upside over the next six months.
Lars Machenil, CFO of BNP Paribas, says the support from clients has given the bank "confidence" that it can continue operating.
Mario Greco, CEO of Generali, says geopolitical tensions make "subdued" economies worse.
Michel Combes, CEO of Alcatel Lucent, says he expects to "win" in the tough telecoms market.
Ivan Menezes, CEO of Diageo, says despite weakness in China, the drinks company will continue to focus on the emerging markets.
Stephen King, chief global economist at HSBC, says that emerging markets are facing "short-term" balance of payment problems, but have long-term strength.
Rolf Buch, CEO of Deutsche Annington, says the German housing market is in a "sweet spot".
Jacques van den Broek, CEO of Randstad, says the company is seeing "early signs" of recovery in Europe.
Mario Greco, CEO of Generali, says the company's rise in second quarter operating profit shows it is doing the "right things".
Olivier Mallet, CFO of Vallourec, says the steel pipe maker is facing "headwinds" in Brazil but defends the company's exposure to the emerging markets.
Kully Samra, U.K. managing director of Charles Schwab, says the strong U.S. second quarter GDP shows the strength of the underlying economy and cannot be blamed on "cheap money".
Lars Machenil, CFO of BNP Paribas, says he "regrets" what happened when the bank was fined $8.95 billion for breaking U.S. sanctions.
Mario Greco, CEO of Generali, says Argentina has "structural issues" but can "come back" after it defaulted for the second time in 13 years.
Cutmore anchors CNBC’s flagship "Squawk Box" in EMEA; the three-hour show bookends the opening of European equity markets.
Based in London, Tso co-anchors CNBC flagship show in EMEA, Squawk Box, a show that sets the news agenda every trading day.
Sedgwick co-anchors CNBC's flagship program "Squawk Box" (Europe) and is also CNBC's OPEC reporter covering major meetings.