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  • Turkey Probes Foreign Exchange Transactions Thursday, 11 Jul 2013 | 1:53 AM ET
    Turkish Prime Minister Recep Tayyip Erdogan speaks to thousands of his supporters who greeted the prime minister at Istanbul airport on his return from a North African tour.

    Turkey has launched a probe of foreign exchange transactions, a move some commentators say could chill foreign investment, as Ankara seeks to relieve pressure on the lira and take control after mass protests. The FT reports.

  • Luxembourg Spying Scandal Breaks Juncker Government Thursday, 11 Jul 2013 | 1:24 AM ET

    Luxembourg's Prime Minister bowed to pressure for an early election after his junior coalition partner blamed him for failing to curb abuses of power by the secret service.

  • What recovery? Businesses still aren't spending Wednesday, 10 Jul 2013 | 7:01 PM ET

    Capital expenditure across the world is expected to decline this year and next, according to a new report by S&P.

  • Bank of England Faces ‘Big Challenge’ Wednesday, 10 Jul 2013 | 7:00 PM ET

    The U.K.'s economy will continue to improve, but the Bank of England faces a "big challenge" to maintain that recovery while ending quantitative easing, according to a report from Pricewaterhouse Coopers (PwC).

  • Egypt Orders Arrest of Ousted Party Leaders Wednesday, 10 Jul 2013 | 10:14 AM ET
    A supporter of the Muslim Brotherhood and ousted president Mohamed Morsi shouts during a protest

    Egypt's prosecutor ordered the arrest on Wednesday of the leaders of ousted President Mohamed Mursi's Muslim Brotherhood.

  • EU Gives Spanish Banks the Thumbs Up Wednesday, 10 Jul 2013 | 8:01 AM ET

    Spain's banking aid program is on track and its economy is stabilizing, despite the difficult macroeconomic conditions, the European Commission said on Wednesday.

  • EU Outlines Failed Banks Plan Amid German Resistance Wednesday, 10 Jul 2013 | 6:08 AM ET

    The European Commission will propose creating an agency to salvage or shut failed banks, but its power to clean up the euro zone's financial sector will be tempered by resistance from Berlin.

  • World’s Rich Pay Top Dollar for UK Art Wednesday, 10 Jul 2013 | 5:46 AM ET
    Laurence Stephen Lowry, R.A. (1887-1976) Industrial Landscape

    Since the financial crisis, the world's wealthy have increasingly parked their cash in tangible items like fine art in order to preserve capital - but some analysts are warning of an art market bubble.

  • 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
    jorg-asmussen-200.jpg

    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.

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