Europe News


  • Europe's great August shut-down: why it matters Tuesday, 6 Aug 2013 | 3:24 AM ET

    August is traditionally the month of financial crises. Or indeed just crises. Whether it's the latest euro zone aggro or Saddam Hussein's invasion of Kuwait, things seem to heat up in August and markets head south.

  • Is Swiss franc the next safe haven to fall? Tuesday, 6 Aug 2013 | 3:06 AM ET

    The Swiss franc, a currency that has provided refuge for investors during the euro zone debt crisis, may be the next safe haven to fall, according to a report from Societe Generale.

  • Credit Agricole Q2 profit surges, beats forecast Tuesday, 6 Aug 2013 | 12:05 AM ET

    Credit Agricole reported a more than twelve fold gain in quarterly profit on Tuesday from a year-ago period, depressed by Greece and Italy-related provisions.

  • HSBC shares tumble as profit disappoints Monday, 5 Aug 2013 | 1:13 PM ET

    HSBC, one of the world's largest banks, suffered a hit to its share price on Monday morning after posting disappointing results.

  • Not everyone is happy with Austen on the £10 note Monday, 5 Aug 2013 | 11:39 AM ET

    After it was announced Jane Austen would replace Charles Darwin on the £10, a countercampaign of online harassment has caused Twitter to tighten its global policy on reporting abuse.

  • French firms, want a better profile? Try London Monday, 5 Aug 2013 | 7:45 AM ET

    French oil major Total plans to move its corporate treasury department to London to get closer to analysts and raise its profile with investors, a spokesman said.

  • Turning point or false hope: what next for Europe? Monday, 5 Aug 2013 | 7:17 AM ET
    Workers assemble Aventador automobiles on the production line at the Lamborghini factory near Bologna, Italy.

    The news that euro zone business expanded for the first time in 18 months in July has led analysts to question whether Europe's economy is finally on the up.

  • Alexander Alioto

    Britain's dominant services sector grew at its fastest pace in more than six years last month, suggesting a nascent economic recovery is rapidly building steam.

  • Euro zone business expanded for the first time in 18 months in July, albeit very slightly, suggesting the economy is slowly starting to stabilize.

  • Lloyds Banking Group eyes dividend bonanza Monday, 5 Aug 2013 | 2:27 AM ET

    António Horta-Osório, CEO of Lloyds Banking Group, said he aims to start paying out up to 70 percent of the bank's earnings in dividends within three years.

  • Thousands of supporters of Silvio Berlusconi protested in Rome against a tax fraud conviction, but the center-right leader said the government must continue.

  • Vodafone sues Telecom Italia for 1 billion euros Monday, 5 Aug 2013 | 1:18 AM ET

    British telecoms provider Vodafone is suing Telecom Italia for abusing its dominant position in Italy, seeking damages of more than 1 billion euros ($1.3 billion).

  • Hail to the beef: Americana on the rise in London Sunday, 4 Aug 2013 | 9:28 PM ET
    A freshly prepared cheeseburger sits on a kitchen counter at the first U.K. outlet of U.S. burger restaurant chain Five Guys in London, U.K.

    The introduction of Five Guys and Shake Shack in London last month is part of a growing trend of American culture seeping into British food and drink.

  • Fed and ECB accused of 'muddying the waters' Friday, 2 Aug 2013 | 10:55 AM ET

    As markets digest monetary policy statements from three of the world's major central banks within 24 hours, two of the institutions have been hit with accusations of causing confusion and lacking transparency by economists.

  • New RBS boss tasked with restoring bank to health Friday, 2 Aug 2013 | 8:44 AM ET

    ShaNew Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.

  • What recession? Brits are feeling more confident Friday, 2 Aug 2013 | 4:13 AM ET

    Britons are feeling more upbeat about their job prospects than they have for five years, according to new research, which follows a raft of positive economic data.

  • Berlusconi won't give in: What it means for Italy Friday, 2 Aug 2013 | 4:08 AM ET

    Although Italy's Silvio Berlusconi is still safe in public office while a review of what would effectively be political exile takes place, his conviction for tax fraud is an "extremely destabilizing development" with significant implications for Italy's fragile coalition government, analysts said.

  • Luxury residential properties are seen on Eaton Place, Belgravia, in London, U.K.

    U.K. house prices surged to a five-year high in July, according to the U.K.'s biggest building society, but the author of the new report told CNBC that talk of a housing bubble are overplayed and price moves are only "modest".

  • Pimco helps Europe's largest insurer beat forecasts Friday, 2 Aug 2013 | 1:29 AM ET

    Europe's largest insurer Allianz posted a strong second quarter performance on Friday helped by the performance of Pimco, which saw a 40 percent profit growth from the first quarter.

  • Mediaset exec: Berlusconi didn't help run company Thursday, 1 Aug 2013 | 3:39 PM ET

    A top executive for the media company at the center of Silvio Berlusconi's tax fraud conviction said the billionaire politician did not play any role in running the company he founded.

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Europe Video

  • Sachin Patel, head of U.K. capital markets at Funding Circle, discusses peer-to-peer lending and the benefits of it.

  • Neil Atkinson, head of analysis at Lloyd's List Intelligence, says that there is not enough oil demand growth, which will lead to a continued surplus of supply for the first half of 2015.

  • Lynnden Brannigan, head of technical strategy at Barclays, discusses currencies and oil movements.