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  • 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
    What New Euro Zone Bailout Bond Tells Us

    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
    Federal Reserve Building

    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.

  • Hungary Cuts Interest Rate To New Record Low Tuesday, 28 May 2013 | 8:58 AM ET
    Hungarian air racer Zoltan Veres flies under the oldest bridge in Budapest.

    Hungary's central bank lowered its key interest rate by another 25 basis points to 4.5 percent on Tuesday. It is the tenth consecutive 25 basis point cut.

  • Bank of America Slashes Silver Forecast by 25% Tuesday, 28 May 2013 | 7:46 AM ET

    Bank of America Merrill Lynch has sliced its 2013 outlook for silver, in a warning sign for investors that view it as a leading indicator for gold.

  • Global Markets: European Shares Higher   Tuesday, 28 May 2013 | 6:11 AM ET
    Global Markets: European Shares Higher

    CNBC's Karen Tso reports on all the market moving events from Europe, after a public holiday on Monday and recent volatility in Asia subsided.

  • French Charm Offensive: Too Little, Too Late? Tuesday, 28 May 2013 | 5:46 AM ET

    Analysts warn that French president François Hollande's latest embarrassing U-turn on executive pay, will not be enough to restore entrepreneurs' confidence in the country.

  • Africa Has Greater Potential Than India: StanChart Tuesday, 28 May 2013 | 4:52 AM ET

    Standard Chartered remains committed to expanding its presence in Africa, the firm's executive director told CNBC.

  • Do Rate Cuts Make Any Difference for Hungary?   Tuesday, 28 May 2013 | 3:30 AM ET
    Do Rate Cuts Make Any Difference for Hungary?

    Agata Urbanska, CEE Economist at HSBC, tells CNBC that there is a wide consensus interest rates will be cut by 25 basis points in Hungary.

  • European Markets Open Higher   Tuesday, 28 May 2013 | 3:00 AM ET
    European Markets Open Higher

    Julia Chatterley takes you through the European market open where stocks have come in higher.

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