Europe News


  • Will Italy Listen to Its Downgrade 'Wake-Up Call?' Wednesday, 10 Jul 2013 | 4:15 AM ET
    Domes of San Carlo al Corso Church and St. Peter's Basilica

    Italy's credit downgrade should be viewed as a "wake-up call" by the country's fractious government, analysts told CNBC - but they remained divided over whether the announcement would have any impact in Rome.

  • Wealth Management Revival as UBS Tops Poll Wednesday, 10 Jul 2013 | 3:44 AM ET

    The private banking sector is showing improving signs of life as new money flowing into the sector sees a significant rebound, with UBS once again taking the top spot in a global poll of wealth managers.

  • Greece Plans Swimming Pool, Luxury Car Tax Wednesday, 10 Jul 2013 | 3:16 AM ET

    The Greek government submitted a draft law to parliament on Tuesday, to quickly pass policies to meet the conditions for the release of further bailout funding.

  • ECB: Asmussen's 'Extended' Rate Guidance Unintended Wednesday, 10 Jul 2013 | 2:05 AM ET

    The European Central Bank's guidance on interest rates extends beyond 12 months, and the bank could pursue other measures to shore up the euro zone, ECB policymaker Joerg Asmussen said.

  • Billionaire Investor Wilbur Ross Is Investing Here Wednesday, 10 Jul 2013 | 1:39 AM ET
    Wilbur Ross, the billionaire chairman of private-equity firm WL Ross & Co.

    Wilbur Ross, the U.S. billionaire who has made 65 percent profit on his 2011 investment in a struggling Bank of Ireland (BOI), said he is likely to bid for financial assets in Spain.

  • The Resilient Euro May Be Giving Up the Fight Tuesday, 9 Jul 2013 | 11:02 PM ET

    The euro has been expected to fall against a broadly robust U.S. dollar for some time and it finally appears to be succumbing to sustained selling pressure.

  • This Is What Keeps Europeans Up at Night Tuesday, 9 Jul 2013 | 9:14 PM ET
    A jobseeker fills out a document inside a job center in Toulouse, France.

    Europeans worry more about unemployment than any other social or economic problem, such as inflation. Who topped the list? The GlobalPost reports.

  • Investors ‘Washed Out’ as Sterling Hits 3-Year Low Tuesday, 9 Jul 2013 | 11:44 AM ET
    Pound coin

    Sterling fell to a three-year low against the dollar on Tuesday, as weak data raised concerns that an economic recovery in the U.K. was still some way off.

  • EU Aims to Get 40% of Top Positions Filled by Women Tuesday, 9 Jul 2013 | 11:06 AM ET

    European politicians backed proposals to increase the number of women on the boards of top European companies on Tuesday.

  • Greek Think Tank Forecasts Deeper Recession Tuesday, 9 Jul 2013 | 10:01 AM ET

    Greece's economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said on Tuesday, revising down its previous projection and offering a more pessimistic forecast than the country's foreign lenders.

  • IMF Flags Top 3 Threats to Growth Tuesday, 9 Jul 2013 | 9:30 AM ET

    The International Monetary Fund downgraded its global growth outlook for 2013 on Tuesday, and warned of three "new risks" that threaten to derail the global economic recovery.

  • Egypt Names Interim Prime Minister Tuesday, 9 Jul 2013 | 9:13 AM ET
    An anti-President Mohammed Morsi poster is viewed as as thousands of Egyptian protesters celebrate in Tahrir Square as the deadline given by the military to Egyptian President Mohammed Morsi passes on July 3, 2013 in Cairo, Egypt.

    Egypt's interim president on Tuesday named liberal economist and former finance minister Hazem el-Beblawi as prime minister in a transitional government, as the authorities sought to steer the country to new parliamentary and presidential elections.

  • Captain of Wrecked Cruise Ship on Trial in Italy Tuesday, 9 Jul 2013 | 8:18 AM ET
    Francesco Schettino

    The trial of the captain of the shipwrecked Costa Concordia cruise liner began Tuesday in a courtroom that accommodates all the survivors and relatives of the 32 victims who want to see justice carried out in the 2012 tragedy, but the hearing was quickly postponed.

  • 'House on Fire': Executives Slam France’s Hollande Tuesday, 9 Jul 2013 | 8:02 AM ET
    France's President Francois Hollande has an ever growing in-tray

    A letter from leading French chief executives accusing François Hollande of destroying the economy comes as Nicolas Sarkozy emerges on to the political scene once more.

  • Mariano Rajoy, Prime Minister of Spain.

    The corruption scandal surrounding Spanish Prime Minister Mariano Rajoy erupted once more on Tuesday, and one analyst warned that financial markets could be in for more pain.

  • Turkey 'Looks Vulnerable' as Unrest Flares Again Tuesday, 9 Jul 2013 | 4:54 AM ET
    Protesters in Istanbul on July 8, 2013

    More clashes between protesters and police have put Turkey's social unrest back in the spotlight, following steps to shore up its weakening currency.

  • Shell Names Beurden as CEO to Replace Voser Tuesday, 9 Jul 2013 | 3:37 AM ET
    Ben van Beurden

    Royal Dutch Shell said its Downstream Director Ben van Beurden would take over as group chief executive from next year, to replace Peter Voser.

  • M&S Clothing Sales Fall for 8th Straight Quarter Tuesday, 9 Jul 2013 | 3:00 AM ET

    British retailer Marks & Spencer posted an eighth consecutive quarterly fall in underlying sales of general merchandise, though the outcome did represent a slowing in the rate of decline.

  • UK House Prices Gallop Higher in June Tuesday, 9 Jul 2013 | 1:35 AM ET

    British house prices are rising at their fastest pace in more than three years, helped by initiatives to reduce borrowing costs.

  • Here's How to Trade Oil Given the Egypt Crisis Monday, 8 Jul 2013 | 10:21 PM ET

    Daryl Guppy gives you a strategy to trade oil amid the current geo-political risks.

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