Europe News


  • Goldman Sachs Sees More Easing in Europe and UK Thursday, 4 Jul 2013 | 10:03 AM ET
    European Central Bank (ECB) headquarters in Frankfurt, Germany.

    In a prescient piece of research just hours before the ECB said it would keep rates low for an extended period of time, Goldman Sachs said the ECB could launch fresh monetary easing measures within months.

  • The ongoing political turmoil in Portugal has raised fears the country will have to hold new elections. But the country's former Prime Minister Pedro Santana Lopes has told CNBC that new polls won't change anything.

  • Five Guys', Shake Shack's Next Stop: London! Thursday, 4 Jul 2013 | 8:16 AM ET
    A Shake Shack cheeseburger with a portion of fries outside the company's new burger restaurant in London

    London is set to become an international haven for U.S. burger lovers as two of the country's popular chains open stores in the U.K. capital.

  • Fund Managers Breathe Sigh of Relief Thursday, 4 Jul 2013 | 6:46 AM ET

    European asset managers breathed a sigh of relief on Wednesday as Brussels ditched plans to impose a remuneration cap on fund managers.

  • Obama, Merkel Agree to Talks on US Spying Thursday, 4 Jul 2013 | 6:41 AM ET
    President Barack Obama speaks with Chancellor Angela Merkel.

    President Barack Obama sought to allay concerns from German Chancellor Angela Merkel about reported U.S. spying on European allies and agreed to a meeting.

  • Greece: Failure to Meet Bailout Terms Not Our Fault Thursday, 4 Jul 2013 | 5:37 AM ET

    As Greece looks set to miss a key reform deadline set by international lenders, a Greek government minister said it wasn't Greece's fault that it couldn't live up to the demands of a flawed bailout program.

  • Euro Slides as Draghi Commits to Low Rates Thursday, 4 Jul 2013 | 5:36 AM ET
    European Central Bank

    The euro fell to a five week low against the dollar as European Central Bank President Mario Draghi said key rates would remain at present or lower levels for an "extended period of time."

  • Egypt Stocks Surge on Relief After Morsi Ouster Thursday, 4 Jul 2013 | 5:12 AM ET
    Egyptian opposition protester celebrates on news the Egyptian military will be temporarily taking over from the country's first democratically elected president Mohammed Morsi.

    Egypt's benchmark stock exchange surged on Thursday and oil prices eased on relief after the ouster of Mohammed Morsi as Egypt's president didn't result in large-scale violence as some had feared.

  • Carney Shows Markets Who's Boss; Sterling Falls Thursday, 4 Jul 2013 | 3:34 AM ET
    The Bank of England

    The Bank of England kept its main interest rate unchanged on Thursday but warned that rising bond yields would weigh on its current outlook for growth, which led to a sharp weakening of the sterling against the dollar.

  • Where Now for Oil? It All Depends on Egypt Thursday, 4 Jul 2013 | 2:40 AM ET

    Concerns that a political crisis in Egypt could disrupt oil supplies from the Middle East could boost crude a further $4 to $5 a barrel if violence continues, analysts say.

  • Turkish Court Blocks Disputed Park Project Thursday, 4 Jul 2013 | 2:22 AM ET

    A Turkish court has cancelled an Istanbul building project backed by Prime Minister Tayyip Erdogan which provided the trigger for nationwide anti-government demonstrations last month, a copy of the court decision showed.

  • ECB, Not Portugal, Is Main Threat to Euro Thursday, 4 Jul 2013 | 2:16 AM ET

    Renewed uncertainty in the euro zone may have put the euro under pressure, but analysts say it's the ECB meeting, not developments in Portugal, that pose a bigger risk to the euro.

  • Barclays CEO: We Are Not at Odds With Regulators Wednesday, 3 Jul 2013 | 10:49 PM ET
    Barclays CEO Antony Jenkins

    Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators, even as the U.K. banking giant tries to fend off pressure to meet stricter capital requirements.

  • Senior London Banker Arrested in Tax Fraud Probe Wednesday, 3 Jul 2013 | 7:50 PM ET

    A senior London bank executive was arrested on Wednesday on suspicion of tax fraud, according to the tax authority. The Financial Times reports.

  • Portugal Prime Minister Defiant After Bond Yields Spike Wednesday, 3 Jul 2013 | 12:28 PM ET

    Portugal's Prime Minister Pedro Passos Coelho said he was confident of overcoming the political problems and would not resign after the country's stock market tumbled and bond yields spiked.

  • Why Putin Likes a Long Airport Stay for Snowden Wednesday, 3 Jul 2013 | 11:28 AM ET

    The longer Russia can keep perpetuating the Snowden confusion, the better for them.

  • No Move Expected from European Central Bank Wednesday, 3 Jul 2013 | 11:17 AM ET

    The European Central Bank, eyeing tentative signs of euro zone economic recovery, is expected to eschew an major decisions on Thursday and keep its easy-money policy in place.

  • Latvia Set to Be Euro Zone’s Newest Member Wednesday, 3 Jul 2013 | 10:26 AM ET

    Latvia is set to join the euro, after the European Parliament voted in favor of its inclusion in the single currency zone.

  • Why Do UK Thieves Steal Electricity? To Grow Pot! Wednesday, 3 Jul 2013 | 9:12 AM ET
    Ofgem hopes new regulations will crack down on drug farms

    The U.K.'s energy regulator proposed new rules to combat electricity theft, revealing that up to one-third of electricity stolen each year is used to power cannabis farms.

  • Pedaling for Cash: Tour de France No Easy Ride Wednesday, 3 Jul 2013 | 9:04 AM ET
    Team Orica GreenEDGE at the 2013 Tour de France.

    With the Tour de France underway, the 198 riders competing in this year’s bike race will have their sights firmly focused on the finish line in Paris. But getting there requires more than extraordinary endurance; it requires cash.

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