Europe News


  • RIM Will Do ‘Muhammad Ali Thing in Round 8’: CEO Friday, 25 Jan 2013 | 6:29 PM ET

    "I'm very confident that we will do the Muhammad Ali thing in round 8…Wednesday is round 8," RIM's CEO said at a debate in Davos. Ali won a fight with a knockout in the eighth round.

  • Henkel CEO: Has EU Turned a Corner?  Friday, 25 Jan 2013 | 11:54 AM ET

    Henkel CEO Kasper Rorsted questions whether Europe has completely turned the corner on its economic and political woes.

  • Euro Is Probably Overvalued: Eni Chair  Friday, 25 Jan 2013 | 11:50 AM ET

    It is difficult to export and compete with the U.S. due to the high euro/dollar exchange rate, which should be around parity, says Giuseppe Recchi, chairman of Italy's Eni.

  • European Markets: DAX at Multi-Year Highs  Friday, 25 Jan 2013 | 11:30 AM ET

    CNBC's Simon Hobbs reports on today's market-moving events from Europe.

  • Yahoo's Mayer Looks for Growth in Mobile Friday, 25 Jan 2013 | 11:24 AM ET

    Yahoo CEO Marissa Mayer is confident that her company will be able to capitalize on the explosion in mobile communication, saying Yahoo will focus on strong partnerships with Apple, Google and Facebook.

  • Business Buzz: Steve Pagliuca  Friday, 25 Jan 2013 | 11:00 AM ET

    Maria Bartiromo gets the Davos buzz from Steve Pagliuca, MD at Bain Capital, on European optimism and the changing face of Russia.

  • Monte Paschi Stable After Losses: Italy Central Bank Friday, 25 Jan 2013 | 10:59 AM ET
    Ignazio Visco, governor of the Bank of Italy

    Italy Central Bank Governor Ignazio Visco has told CNBC that there is no question about the stability of Italy's Monte dei Paschi bank after it suffered a $1 billion loss on derivatives trades.

  • Spain Minister Suggests No Need for Bailout Friday, 25 Jan 2013 | 10:40 AM ET

    Spanish finance minister Luis de Guindos ruled out a full-scale bailout package on Friday, suggesting that the recession-stricken country no longer needs external aid as investors pile into Spanish debt.

  • Spain's Economy Lags Market Sentiment: Minister  Friday, 25 Jan 2013 | 10:00 AM ET

    Spain's struggling real economy lags behind improved market sentiment, says Luis de Guindos Jurado, Spain's minister of economic affairs.

  • EU Considered Freezing Britain Out of Budget Deal Friday, 25 Jan 2013 | 9:28 AM ET

    The European Commission confirmed on Friday that it had looked at ways of getting a deal on the European Union's next long-term budget without British consent so as to prevent Prime Minister David Cameron from vetoing the package.

  • A police officer stands guard next to a sniper rifle atop the Congress Centre, venue of the World Economic Forum

    Activists protesting against the World Economic Forum in Davos have claimed responsibility for explosions that broke a window at a Zurich branch of Credit Suisse and blew up the postbox of the boss of commodity trader Glencore.

  • Lloyd Blankfein

    The U.S. economic environment is "very good" and the stock market's rally to multi-year highs has more room to go, Goldman Sachs Chairman and CEO Lloyd Blankfein said on CNBC.

  • Russia Assures Investors Over Reforms at Davos Friday, 25 Jan 2013 | 7:55 AM ET

    Investors worldwide continue to be skeptical towards Russia, confounded by whether real reforms will bring structural changes. During the World Economic Forum, the Russian delegation has been trying to reassure investors in order to reverse capital outflows that have reached more than $350 billion since 2007.

  • Bizarre Trial Stirs Western Concerns About Russia Friday, 25 Jan 2013 | 7:21 AM ET
    Sergei Magnitsky, deceased man on trial in Russia.

    The fallout from a bizarre trial in Russia appears to be aggravating Western concerns about state-sponsored corruption.

  • Pin the Tail on the Donkey – CEO-Style Friday, 25 Jan 2013 | 7:10 AM ET

    What's the most appropriate tax rate for the highest earners?

  • UK GDP Drop Raises Risk of Triple-Dip Recession Friday, 25 Jan 2013 | 6:15 AM ET
    Auto parts production workers work on a production lines making both metal and plastic bumpers.

    The U.K. economy contracted more sharply than expected in the final quarter of 2012, the country's statistical agency said on Friday.

  • Banks to Repay 137 Billion Euros of ECB Crisis Funds Friday, 25 Jan 2013 | 6:02 AM ET
    European Central Bank (ECB) headquarters in Frankfurt, Germany.

    Banks will repay the European Central Bank 137.159 billion euros in 3-year loans next week, opting to hand back the money early in a sign at least parts of the financial system are returning to health.

  • Olli Rehn: UK Referendum 'Not Helpful'  Friday, 25 Jan 2013 | 5:30 AM ET

    Olli Rehn, European Union economy chief, tells CNBC that the UK announcement of referendum is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy.

  • ECB's Draghi: Economic Activity Is Stabilizing Friday, 25 Jan 2013 | 4:51 AM ET
    Mario Draghi

    European Central Bank President Mario Draghi said on Friday that financial markets are experiencing "relative tranquility" at the start of this year and all the indices point to a substantial improvement of financing conditions.

  • Turkey's Basci: We Expect 4% Growth This Year  Friday, 25 Jan 2013 | 4:20 AM ET

    Erdem Basci, governor of the Central Bank of Turkey, tells CNBC that they expect plus four percent growth in 2013 and they have to be careful about rapid credit growth.

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