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  • Competitiveness Comeback for US, Europe Stalls Thursday, 30 May 2013 | 1:15 AM ET

    As calls grow for Europe to ease up on its austerity drive, a report on global competitiveness argued that cost-cutting on the continent has halted growth and antagonized the population, creating non-competitive economies.

  • Switzerland Still Favorite Banking Hub: Julius Baer Wednesday, 29 May 2013 | 11:51 PM ET

    The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country, said the CEO of Swiss private bank Julius Baer.

  • French Palace Wine Auction: Not Just for Snobs Wednesday, 29 May 2013 | 12:23 PM ET
    Bottles of French wine Petrus Pomerol.

    France's Elysee Palace is set to auction off more than $325,000 of wine Thursday. And while some bottles may sell for up to $3,000 a bottle, others might be yours for a mere $20.

  • Negative Rates May Boost Bank Profit: ECB's Constancio Wednesday, 29 May 2013 | 11:43 AM ET

    Negative deposit rates could boost — rather than hurt — bank profitability, ECB Vice President Vitor Constancio told CNBC on Wednesday, bringing the contentious issue of negative rates back into the spotlight.

  • Europe Closes Lower on Fed Uncertainty Wednesday, 29 May 2013 | 11:30 AM ET

    European stocks closed lower on Wednesday as concerns continued over the possibility the Federal Reserve might begin tapering of asset-purchasing.

  • Secret's Out! Swiss Banks Can Now Reveal Clients Wednesday, 29 May 2013 | 9:52 AM ET

    The Swiss government says banks can sidestep secrecy laws to disclose clients' names in a move intended to help resolve a long-running tax dispute with the U.S.

  • Club Med Raises Bid Price as Some Investors Seek More Wednesday, 29 May 2013 | 9:44 AM ET

    Shares in Club Mediterranee extended their gains above the proposed bid price on Wednesday amid signs some investors in the French holiday firm are pushing for a better deal.

  • EU Gives France Leeway as It Reprimands Belgium Wednesday, 29 May 2013 | 8:38 AM ET

    The European Commission has given France, Poland, Slovenia and Spain two year extensions to meet budget deficit targets, as it reprimanded Belgium, which could become the first country to be fined for failing to reduce its deficit.

  • EU Criticized for 'Pretend and Extend' on Austerity Wednesday, 29 May 2013 | 6:49 AM ET

    Brussels's softening stance on austerity with stability and growth measures set to be delayed for another two years is an exercise in "pretend and extend" and what's really needed is urgent structural reforms, analysts have told CNBC.

  • European Equities a ‘Buy-One-Get-One-Free Market’ Wednesday, 29 May 2013 | 5:32 AM ET

    European equities could surprise to the upside this year, with earnings growth making it a "buy-one-get-one-free market," HSBC's Peter Sullivan told CNBC.

  • One in Five UK Shops to Disappear by 2018 Wednesday, 29 May 2013 | 4:45 AM ET

    The U.K. will have the highest online retail sales of any country by 2018 as a greater number of shoppers shun the High Street, forcing the closure of one in five shops over the next five years.

  • Swiss Mull Giving Up Thousands of Bank Client Names Wednesday, 29 May 2013 | 4:17 AM ET

    The Swiss government is considering a proposal to disclose bank client names and pay a multibillion-dollar fine to the United States to resolve a dispute over tax-evasion cases. The New York Times reports.

  • Currency War Could Heat Up When Carney Joins BoE Wednesday, 29 May 2013 | 4:06 AM ET
    Incoming Bank of England Governor Mark Carney

    Mark Carney may move to depreciate the pound, according to Pimco, a gambit which would see the U.K. join the global battle of countries competing to soften their currencies.

  • 'Profitability Has Become a Bad Word' Wednesday, 29 May 2013 | 2:21 AM ET

    While banks must be "credible" and have capital buffers in place, they also must remain profitable to prevent them from taking unnecessary risk, the German central banker responsible for financial stability said.

  • Banks Navigated Rulebooks for 20 Years: BoE’s Tucker Wednesday, 29 May 2013 | 2:12 AM ET
    Paul Tucker, deputy governor of the Bank of England.

    The Bank of England's deputy governor, has accused investment banks of spending the last 20 years trying to dodge the rules.

  • European Union Eases Hard Line on Austerity Tuesday, 28 May 2013 | 9:07 PM ET

    Brussels will on Wednesday give its clearest signal yet that it is moving away from a crisis response based on austerity, allowing three of the EU's five largest economies to overshoot budget deficit limits. The FT reports.

  • Fed's Bond-Buying Taper Is Least of Banks’ Worries Tuesday, 28 May 2013 | 10:54 AM ET

    Banks have been skipping along the yellow brick road, content in a fairytale landscape awash with quantitative easing. But the sky darkened last week, as the industry's best friend threatened to become a foe.

  • Germany Sees 'Revolution' if Welfare Model Scrapped Tuesday, 28 May 2013 | 9:15 AM ET

    German Finance Minister Wolfgang Schaeuble warned on Tuesday that abandoning the continent's welfare model in favor of tougher U.S. standards would cause "revolution".

  • French Central Bank Chief Urges Spending Cuts Tuesday, 28 May 2013 | 9:13 AM ET
    Christian Noyer, governor of the Bank of France and a member of the European Central Bank governing council.

    The French central bank chief urged President Hollande and his government to stop hiking taxes and to cut government spending. His comments on Tuesday echoed ratings agency Standard & Poor's calls.

  • Germany to Blame for Euro Zone Crisis: Study Tuesday, 28 May 2013 | 9:00 AM ET
    Polish migrant workers harvest asparagus in Germany

    Germany's insistence on keeping wage growth in check has given the country an unfair competitive advantage and is preventing troubled countries from returning to growth, a new study argues.

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