Europe News


  • HSBC Cuts 2013 Gold Forecast Wednesday, 16 Jan 2013 | 9:24 AM ET

    HSBC, which had forecasted gold prices would hit $2000 per ounce in the second-half of 2012, is now paring back its forecasts for 2013.

  • Fish and chips, London.

    The EU without Britain would be like "fish without chips", the prime minister of Finland said on Wednesday as he made a case for Britain remaining an influential player in Europe.

  • Hungary Attacks Roubini Over Currency ‘Advice’ Wednesday, 16 Jan 2013 | 7:36 AM ET
    Nouriel Roubini, chairman and co-founder of Roubini Global Economics

    A spat has broken out between Hungary's Economy Ministry and Roubini Global Economics about who is to blame for the downward spiral of the national currency, the forint, after Roubini's firm Roubini Global Economics(RGE) recommended shorting the currency.

  • European Shares Lower on Weak Auto Sales     Wednesday, 16 Jan 2013 | 6:12 AM ET

    CNBC's Ross Westgate reports on all the market moving events from around the globe, as the euro moves into positive territory.

  • Christmas Turkeys, Holidays Push Up Euro Zone Prices Wednesday, 16 Jan 2013 | 5:47 AM ET

    Europeans' appetite for turkeys and Christmas getaways pushed up the cost of living in the euro zone in December, but the European Central Bank expects the rate of inflation to cool this year.

  • ECB's Nowotny: Banks Less Reliant on Our Funding Wednesday, 16 Jan 2013 | 5:23 AM ET

    Europe's banks are have become less reliant on central bank funding, European Central Bank policymaker Ewald Nowotny told CNBC on Wednesday.

  • ECB's Nowotny: Don't Overplay German GDP     Wednesday, 16 Jan 2013 | 5:00 AM ET

    Ewald Nowotny, governor of the Austrian Central Bank and ECB policymaker, speaks to CNBC about the outlook for the euro zone in 2013 and the levels of growth expected.

  • Germany’s Strong Man of Europe Image Threatened Wednesday, 16 Jan 2013 | 4:19 AM ET

    Germany’s economic strength is showing increased signs of fading, as the euro zone crisis continues.

  • Role Model of European Austerity Turns to Stimulus Wednesday, 16 Jan 2013 | 3:50 AM ET
    Riga, Latvia

    As southern euro zone countries groan under the weight of austerity measures, the Baltic country Latvia has been so enthusiastic and seemingly successful in its application of austerity measures that even the International Monetary Fund (IMF) has warned Latvia to not go too far.

  • Helicopter Crashes in South London Wednesday, 16 Jan 2013 | 3:37 AM ET

    A helicopter crashed into a crane in south London Wednesday morning at around 8 a.m. local time, close to Vauxhall train station.

  • European Car Sales Plunge in December Ends Woeful Year Wednesday, 16 Jan 2013 | 3:18 AM ET

    Demand for new cars in Europe fell to the lowest level recorded since 1995, closing a year burdened by heavy declines in all major euro zone economies.

  • ‘Mac’ Tries to Blaze Trail for Merkel Third Term Wednesday, 16 Jan 2013 | 3:06 AM ET
    Germany's Chancellor Angela Merkel

    An election on Sunday in Germany's second-biggest state will be a crucial test of Chancellor Angela Merkel's chances of winning a third term.

  • Banks and Autos Lead European Shares Lower     Wednesday, 16 Jan 2013 | 3:00 AM ET

    Karen Cho takes you through the European market open where all eyes are on US earnings with Goldman Sachs and JPMorgan due to report.

  • World Bank: Worst of the Crisis Is Over     Wednesday, 16 Jan 2013 | 2:15 AM ET

    Andrew Burns, lead economist at the World Bank, tells CNBC why the risks in 2013 are less negative and we could see surprises to the upside.

  • Long Time Bear: Buy Into European Stocks Wednesday, 16 Jan 2013 | 1:21 AM ET

    One of the more notorious market bears has tempered his trademark gloomy predictions boosting the hopes of bulls for a broader shift in investor sentiment. The FT reports.

  • Clarke Steps Up Pro-EU Rhetoric Wednesday, 16 Jan 2013 | 1:16 AM ET

    Ken Clarke has stepped up the pro-European rhetoric as the battle over Britain's future in the EU intensifies, warning that a referendum on the issue is a "gamble" and that David Cameron may be about to open the door accidentally to a British exit, the Financial Times reports.

  • James Ashley, Senior Economist at RBC Capital Markets says while Germany's economic fundamentals are strong, the external environment is impacting its growth.

  • Michael McCarthy, Chief Market Strategist at CMC Markets says that current official forecasts indicating a strong euro zone recovery are wildly optimistic.

  • Germany Wants Its Gold Back—Should You Worry? Tuesday, 15 Jan 2013 | 11:10 PM ET

    The world's second-biggest holder of gold reserves, Germany, is planning to bring home some of its gold held in New York and Paris - a move that would mark a breakdown of trust between the world's major central banks, analysts said.

  • Spain Calls on Germany to Boost Growth Tuesday, 15 Jan 2013 | 9:08 PM ET

    Mariano Rajoy has called on Germany and other creditor countries in the euro zone to do more to stimulate growth, arguing that a switch to a more expansionary policy would boost economic recovery across the single currency area. The Financial Times reports.

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