Europe News


  • RBS Orders Investigation Into Untapped $30 Billion Wednesday, 3 Jul 2013 | 7:46 AM ET

    The Royal Bank of Scotland (RBS), has launched a major inquiry into the way it lends money to small- and medium-sized businesses.

  • German Property IPO Pulled in Blow to Guy Hands Wednesday, 3 Jul 2013 | 7:08 AM ET
    Guy Hands

    Private equity veteran Guy Hands has been forced to pull his 900 million euro ($1.2 billion) IPO for Deutsche Annington after volatile markets derailed investor demand.

  • EU's Youth Unemployment Crisis in the Spotlight Wednesday, 3 Jul 2013 | 7:02 AM ET
    A queue outside a job center in Madrid.

    European leaders gathered in Berlin to discuss the region's youth unemployment crisis, but politicians and business leaders were divided on where the responsibility for tackling the problem ultimately lay.

  • Greece Sees Deal With Lenders: Official Wednesday, 3 Jul 2013 | 4:56 AM ET

    Greece expects to reach agreement with its foreign lenders by Monday's Eurogroup meeting on all issues except public sector reforms.

  • 3-D Gun Printing: Here's the Software That Stops It Wednesday, 3 Jul 2013 | 2:35 AM ET

    New software has been developed that aims to restrict the manufacture of 3-D-created firearms.

  • Cut! S&P Downgrades Ratings on Three Banks Wednesday, 3 Jul 2013 | 2:01 AM ET

    Standard & Poor's announced Tuesday it is cutting the credit ratings of three major European banks: Credit Suisse, Barclays and Deutsche Bank.

  • Deutsche Bank Refuses to Scale Back Global Ambition Wednesday, 3 Jul 2013 | 1:39 AM ET
    Deutsche Bank, Frankfurt

    The universal banking model is under attack by regulators. Some new rules could potentially force Deutsche Bank to separate its investment banking activities from the business of taking consumer deposits and writing loans, the NYT reports.

  • Former Coca Cola Chief Bets on Ireland's Recovery Wednesday, 3 Jul 2013 | 1:30 AM ET
    Dublin, Ireland

    The former head of Coca-Cola is the latest high-profile investor to bet on Ireland's recovery, spending 10 million euros on a retail development in Dublin, the Financial Times reports.

  • Egypt, Portugal Put Market Risks Back on Table Tuesday, 2 Jul 2013 | 11:50 PM ET

    Turmoil in Egypt and a political crisis in Portugal are giving investors new reasons to avoid risky assets.

  • UK Economy Picked Up Steam in the Second Quarter Tuesday, 2 Jul 2013 | 7:01 PM ET

    After growing 0.3 percent in the first quarter, the U.K. economic recovery gained further strength in the second quarter, according to a survey of businesses released on Tuesday.

  • Here's Why Germans Support the Euro Tuesday, 2 Jul 2013 | 6:30 PM ET

    If you want to see why Germans continue to support Chancellor Angela Merkel and the euro, you should visit Baden-Württemberg state, CNBC's Bob Pisani reports from Germany.

  • Saudi Prince: It's Time to Diversify From Oil Tuesday, 2 Jul 2013 | 5:49 PM ET

    With tensions rising in Egypt, Saudi Prince Alwaleed Bin Talal told CNBC on Tuesday that Mideast countries must find a way to foster peaceful evolution instead of violent revolution.

  • Portugal Crisis Erupts on Foreign Minister Exit Tuesday, 2 Jul 2013 | 3:37 PM ET
    Portuguese Foreign Minister Paulo Portas

    Portugal is facing a full-blown crisis after Paulo Portas, the foreign minister, became the second minister to resign from the center-right government in a 24-hour period.

  • US Spying a 'Slap in the Face': EU Lawmaker Tuesday, 2 Jul 2013 | 12:32 PM ET
    National Security Agency building in Fort Meade, Md.

    European Union officials feel the U.S. had dealt Europe a "slap in the face", a member of the European Parliament said on Tuesday, following claims the U.S. bugged EU offices and hacked into its computer network.

  • Scandal Alert: French Politics Seems Awash in Sleaze Tuesday, 2 Jul 2013 | 9:15 AM ET

    President Francois Hollande may pay dearly for the spectacle of public figures grilled over scandals that highlight wealth swilling about the corridors of power while France at large suffers tax hikes and unemployment.

  • Greek Minister Hints at Further Debt Relief Tuesday, 2 Jul 2013 | 8:32 AM ET

    A Greek minister said he expected officials to "show solidarity" over the country's debt burden, as Greece attempts to convince lenders that it is on track to receive its next tranche of aid.

  • Recovery in Europe's Periphery? Not So Fast Tuesday, 2 Jul 2013 | 5:16 AM ET

    An improvement in macro-economic data for the euro zone's periphery has offered investors hope that the region is emerging from the crisis, but analysts warned that a political backlash could derail a return to growth.

  • Energy Costs Push Euro Zone Producer Prices Lower Tuesday, 2 Jul 2013 | 5:11 AM ET

    Euro zone producer prices fell by slightly more than expected in May and for the third straight month reflecting the bloc's stagnant economy and giving the European Central Bank scope to keep rates at a record low.

  • Greece's Finance Minister Yannis Stournaras

    Greece has three days to reassure its lenders it can deliver on conditions attached to its international bailout in order to receive the next tranche of aid, four euro zone officials said on Tuesday.

  • Watch Out, Euro May Be About to Flex Its Muscle Tuesday, 2 Jul 2013 | 2:40 AM ET

    Expectation for the euro to head lower against the dollar could be turned on its head. Here's why.

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