Europe News


  • Banks shiver as UBS swallows $885 million US fine Friday, 26 Jul 2013 | 9:08 AM ET

    UBS will pay $885 million in a settlement with a U.S. regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble.

  • ECB will soon need to help France: Ex-ECB official Friday, 26 Jul 2013 | 6:23 AM ET

    The euro zone debt crisis will flare up again towards the end of this Fall, former European Central Bank chief economist Juergen Stark told German daily Handelsblatt on Friday.

  • German federal elections in September will finally "put to bed" the argument of austerity across Europe, John Studzinski, the senior managing director at Blackstone Group told CNBC.

  • Goodbye southern Europe: Germany's alternative? Friday, 26 Jul 2013 | 2:44 AM ET

    The leader of Germany's new euro-sceptic party, Alternative for Germany (AfD), says the southern countries of Europe should be forced out of the single currency and that it should be possible for every European citizen to sue its government if it pays the debts of neighboring countries.

  • Greece gets green light for 4 billion euro payment Friday, 26 Jul 2013 | 2:23 AM ET

    Euro zone officials have approved the transfer of 4 billion euros ($5.3 billion) of funding to Greece and euro zone governments are expected to approve disbursement by Monday.

  • Olympic legacy questioned by UK small businesses Friday, 26 Jul 2013 | 1:44 AM ET

    U.K. businesses in close proximity to 2012's Olympic Games have given a damning verdict on the economic impact of the Games, branding them "rubbish" and "worthless".

  • Has Super Mario succeeded in saving Europe? Thursday, 25 Jul 2013 | 7:01 PM ET
    Mario Draghi, president of the European Central Bank

    One year on from his "whatever it takes" speech European Central Bank chief Mario Draghi, has won over some of the harshest critics of his controversial methods to fight the euro crisis. Not least in Germany.

  • Conjuring trick? Draghi's long-lasting legacy Thursday, 25 Jul 2013 | 7:01 PM ET
    Mario Draghi

    European Central Bank President Mario Draghi has accomplished a considerable conjuring trick over the last 12 months - but how long it lasts cannot be answered with certainty.

  • Mario Draghi’s greatest hits Thursday, 25 Jul 2013 | 7:00 PM ET
    Mario Draghi

    To mark the “one-year” anniversary of ECB President Mario Draghi's promise to do "whatever it takes" to preserve the euro, CNBC takes a look at Draghi’s other memorable moments.

  • ECB may have to cut rates to avoid stagnation: IMF Thursday, 25 Jul 2013 | 10:13 AM ET

    The European Central Bank may have to cut interest rates and launch a fresh round of unconventional monetary easing to help boost the euro zone economy, which is still weighed down by spending cuts, the IMF said on Thursday.

  • Spain has a spring in its step as jobs grow Thursday, 25 Jul 2013 | 9:02 AM ET

    Positive unemployment data and bank earnings from Spain bode well for next week's growth data, but analysts warned that more needed to be done to cement economic recovery.

  • Can this man take credit for UK’s GDP boost? Thursday, 25 Jul 2013 | 9:01 AM ET
    British Cancellor of the Exchequer George Osborne

    With U.K. GDP doubling in the second quarter of 2013, how much should UK Chancellor George Osborne be credited with the turnaround?

  • Services sector helps double UK's growth rate Thursday, 25 Jul 2013 | 5:04 AM ET

    A strengthening services sector helped Britain's economy expand by 0.6 percent in the second quarter of the year on the first, according to preliminary estimates.

  • German business sentiment improves in July Thursday, 25 Jul 2013 | 3:45 AM ET

    German business morale improved in July, figures from the German Ifo institute released on Thursday showed.

  • Spain's Bankia and rivals see profit recovery Thursday, 25 Jul 2013 | 3:24 AM ET

    A trio of Spanish banks, including bailed out lender Bankia, posted big jumps in first-half profits as trading gains and lower writedowns on property assets helped a partial recovery.

  • A train derailed outside the ancient northwestern Spanish city of Santiago de Compostela on Wednesday evening, killing at least 77 people and injuring up to 131 in one of Europe's worst rail disasters.

  • Roche declines to stamp out Alexion deal rumors Thursday, 25 Jul 2013 | 1:20 AM ET

    Daniel O'Day, the CEO of Roche's pharmaceuticals unit declined to comment on market rumors that the Swiss drug maker is about to bid for Alexion, but told CNBC that the company continues to look for new innovations.

  • China slowdown no worry for Dassault: CEO  Thursday, 25 Jul 2013 | 1:15 AM ET

    Bernard Charles, CEO of Dassault Systemes, reiterates full year guidance on improving margins and new licences growth and explains why a slowdown in China has not effect on the group.

  • Credit Suisse CEO: We can handle higher rates Thursday, 25 Jul 2013 | 12:36 AM ET

    Credit Suisse CEO Brady Dougan on Thursday tried to reassure investors that a transition to higher interest rates will be positive for the group.

  • Prince's first ride has automaker cheering Wednesday, 24 Jul 2013 | 2:35 PM ET
    Prince William, Duke of Cambridge, leaves the Lindo Wing of St. Mary's Hospital in London with his newborn son.

    While Prince William and Kate Middleton have yet to give their newborn son a name, the tiny Prince of Cambridge did get his first taste of luxury on the drive home.

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