Europe News


  • ArcelorMittal Defies Profit Warning Fears Friday, 10 May 2013 | 9:31 AM ET

    ArcelorMittal, the world's largest steelmaker, defied fears of a profit warning on Friday and kept its earnings forecast for this year, helped by deep cost cutting in Europe.

  • Roundabout Way: London's Tech City Sets Sights High Friday, 10 May 2013 | 9:22 AM ET
    The Old Street roundabout, which has been dubbed 'Silicon Roundabout' due to the number of technology companies operating from the area in London.

    London's Tech City is "uniquely" placed to become the next Silicon Valley, the woman who heads up the organization told CNBC.

  • Jack Lew on Hitting the Debt Ceiling   Friday, 10 May 2013 | 8:32 AM ET
    Jack Lew on Hitting the Debt Ceiling

    CNBC's Steve Liesman shares highlights of his interview with Treasury Secretary Jack Lew, about Europe's economic problems and getting Congress and the White House to strike a deal on the budget.

  • Altman: Financial Markets Pushing Austerity   Friday, 10 May 2013 | 7:23 AM ET
    Altman: Financial Markets Pushing Austerity

    Roger Altman, Evercore Partners chairman & founder, discusses the impact of free markets on Europe's austerity plan.

  • Co-op Bank Boss Quits After Moody's Downgrade Friday, 10 May 2013 | 6:39 AM ET

    The head of the Co-operative Bank stepped down on Friday, after agency Moody's downgraded its debt ratings and said it might have to ask for money to bolster its capital.

  • Global Markets: European Shares Hold Onto Gain   Friday, 10 May 2013 | 6:12 AM ET
    Global Markets: European Shares Hold Onto Gain

    CNBC's Ross Westgate reports the FTSE 100 still up to its best 5-year levels, and yields continue to go lower at Italy's T-Bill auction.

  • Jack Lew: Global Recovery Can't Be Led by US Alone

    CNBC's Steve Liesman talks with Treasury Secretary Jack Lew, about Europe's fiscal problems and the balance between austerity and growth.

  • Lew: Global Recovery Can't Be Led by US Alone   Friday, 10 May 2013 | 5:30 AM ET
    Lew: Europe Must Balance Austerity, Growth

    Jack Lew, U.S. Treasury secretary, discusses the global economy on the sidelines of the G7 meeting.

  • Debt Ceiling Won't Be Hit Until Labor Day: Lew Friday, 10 May 2013 | 5:15 AM ET
    Jack Lew

    U.S. Treasury Secretary Jack Lew told CNBC on Friday that the U.S. debt ceiling would not be reached until September.

  • How to Invest in Fixed Income   Friday, 10 May 2013 | 5:00 AM ET
    How to Invest in Fixed Income

    Craig Veysey, head of fixed income at Sanlam Private Investments, believes European short-dated maturity bonds will not go any lower and advises reallocating towards corporate debts.

  • Oil Sands Muddy New EU Trade Pact With Canada Friday, 10 May 2013 | 3:57 AM ET

    The EU and Canada are near to signing an historic $28 billion free trade agreement but a row over the labeling of Canadian oil as "dirty" in Europe could threaten the deal.

  • German Trade Data Suggests Economy Picking Up Friday, 10 May 2013 | 3:07 AM ET

    German imports and exports rose in March after falling the previous month in a further sign that Europe's largest economy is pulling away from a contraction at the end of 2012.

  • European Markets Open Slightly Higher   Friday, 10 May 2013 | 3:00 AM ET
    European Markets Open Slightly Higher

    Karen Tso takes you through the European market open, where stocks are in slightly higher.

  • Generali Beats Expectations as Cost Cuts Pay Off Friday, 10 May 2013 | 2:58 AM ET
    CEO Mario Greco

    Italian insurer Assicurazioni Generali reported first quarter earnings that beat expectations on Friday, results which the group's chief executive called "solid" as restructuring starts to pay off.

  • Soccer Wars Heat Up as BT Earnings Beat Friday, 10 May 2013 | 2:14 AM ET

    Britain's telecoms company BT raised its core earnings and cash flow outlook on Friday after cost cuts and strong demand for its broadband.

  • New Italian Minister of Economy and Finance Fabrizio Saccomanni (L) shakes hands with Prime Minister Enrico Letta during the swearing in ceremony of the new government on April 28, 2013.

    Italy's economy minister said he did not believe additional tax hikes and spending cuts would be necessary in 2013.

  • Europe 'Totally Mad' to Go After Bankers: Mayor   Friday, 10 May 2013 | 1:39 AM ET
    Europe 'Totally Mad' to Go After Bankers: Mayor

    Boris Johnson the Mayor of London, tells CNBC that it would be "totally mad" for Europe to react to its poor economy by going after "bankers in Britain".

  • Europe Yields Lower on Japan Buying   Friday, 10 May 2013 | 12:45 AM ET
    Lower Europe Yields on Japan Buying

    Peter Griffin, Head of Global Risk Assessment and Sovereign Fixed Income at Global Interest Rates Limited says the lower yields seen in Europe come on the back of Japanese buying.

  • Markets Approve Japan Easing Moves   Friday, 10 May 2013 | 12:35 AM ET
    Markets Approve Japan Easing Moves

    Pankaj Ghemawat, Anselmo Rubiralta Professor of Global Strategy at IESE Business School says there are few sources of global growth and thus markets are cheering Japan's stimulus in hope that the country will come out of 2 decades of stagnation. He also discusses the growth outlook for Asia including China and India.

  • The Chase For Yield   Friday, 10 May 2013 | 12:07 AM ET
    The Chase For Yield

    Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Investors expects money to flow into the troubled countries in Europe pushing yields down further.

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