Europe News


  • US Woman Takes on Banks Over Libor Monday, 15 Oct 2012 | 2:00 AM ET

    A pensioner whose home was repossessed is taking on some of the world’s leading banks in the first known class-action lawsuit claiming that alleged Libor manipulation made mortgage repayments for thousands of Americans more expensive than they should have been. The FT reports.

  • GLG Trio Sit on $220 Million Man Loss Monday, 15 Oct 2012 | 1:34 AM ET

    Three principals of hedge fund GLG Partners are sitting on a $220m paper loss two years on from their firm’s acquisition by Man Group in the industry’s biggest merger.

  • Swiss Prepare Army for Euro Zone Fallout Monday, 15 Oct 2012 | 1:28 AM ET

    With anti-austerity protests across Europe resulting in civil unrest, Switzerland is taking unusual precautions to prepare its army for a refugee crisis or the possibility of protests at home created by a financial crisis.

  • IMF's Lagarde on Greece's Plan     Monday, 15 Oct 2012 | 12:00 AM ET

    Christine Lagarde, IMF managing director, says she would rather have a difficult, yet a credible program for Greece.

  • Euro Zone Should Devalue Its Currency: Pro     Sunday, 14 Oct 2012 | 9:17 PM ET

    Jim Walker, Founder and CEO, Asianomics says devaluing the euro will lead to short term pain but will eventually result in growth in the euro zone economy.

  • Can EM Asia Handle the Effects of QE?     Sunday, 14 Oct 2012 | 8:52 PM ET

    Tony Nash, Managing Director, IHS says that the Fed's primary concern is the U.S but it is aware of the impact that QE has on emerging economies.

  • Chinese Export Momentum to Suffer: Pro     Sunday, 14 Oct 2012 | 8:20 PM ET

    Louis Kuijs, Chief China Economist, RBS warns that despite the recent positive data on China's exports, momentum will fall as 2013 comes around.

  • Investors Pessimistic Over the Aussie     Sunday, 14 Oct 2012 | 7:30 PM ET

    John Horner, FX Strategist, Deutsche Bank, says that despite strong export data from China, investors remain pessimistic over the AUD.

  • Europe Needs More Leadership     Sunday, 14 Oct 2012 | 7:10 PM ET

    William Rhodes, President & CEO of William R. Rhodes Global Advisors says that more leadership is needed to stabilize the European region.

  • Ray Attrill, Co-Head of FX Strategy, NAB says that Germany is likely to give Greece more time to meet its austerity promises.

  • IMF Managing Director Christine Lagarde talks to CNBC's Maria Bartiromo about the impact of extreme austerity on Europe and whether Greece can get a better deal.

  • Market Outlook: Earnings, Elections & Europe     Friday, 12 Oct 2012 | 4:05 PM ET

    A slew of earnings are set to be released next week, so how should you position your portfolio? Stephen Gallagher, Societe Generale; Mark Luschini, Janney Montgomery Scott; and Ryan Detrick, Schaeffer's Investment Research, offer investment strategies.

  • Commodity Stocks Pull European Shares Cautiously Lower Friday, 12 Oct 2012 | 11:46 AM ET

    Europe's top shares ended the week in negative territory with weakness in commodity stocks outpacing gains in healthcare and consumer staples as growth pains smother appetite for risk.

  • Euro Lifts, Yen Slips, EU Gets the Prize Friday, 12 Oct 2012 | 8:02 AM ET

    Optimism lifts the euro and China lets the yuan lift — it's time for your FX Fix.

  • John McCain Slams Ben Bernanke and Jamie Dimon Friday, 12 Oct 2012 | 5:49 AM ET
    U.S. Sen. John McCain (R-AZ)

    Thanks to the Federal Reserve, Jamie Dimon and the Obama administration, the U.S. economy is “bleeding”, John McCain, the Republican Senator from Arizona and former presidential candidate, told CNBC.

  • Oil Groups Set to Export US Crude Friday, 12 Oct 2012 | 4:43 AM ET

    Some of the world’s biggest oil companies and traders are poised to export substantial amounts of crude from the US for the first time in decades, as booming output there promises to reshape global energy markets, The FT reports.

  • Organization for Economic Cooperation and Development (OECD) Secretary-General Angel Gurria.

    Spain’s reluctance to ask for a bailout was justified, said Angel Gurria, the secretary general of the Organization for Economic Cooperation and Development (OECD), as there were signals that any calls for help by Madrid may be rejected.

  • S&P: Spain's Growth Prospects a Concern     Thursday, 11 Oct 2012 | 11:11 PM ET

    Jean-Michel Six, Chief Economist for EMEA, S&P says that both Spain's private and public sectors are de-leveraging and its short-term growth prospects are a concern.

  • ‘Market Duress’ Ahead? Thursday, 11 Oct 2012 | 4:41 PM ET

    Greece is back in the headlines in the wake of a visit by Germany's Angela Merkel. Here's how one expert sees the euro zone's troubles resolving.

  • Weakness Ahead for the Yen? Thursday, 11 Oct 2012 | 1:48 PM ET

    While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.

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Europe Video

  • Lindsey Piegza, chief economist at Sterne Agee, says U.S. markets are "holding their breath" for Friday's jobs report to see if the loss of momentum will continue.

  • Brian Reynolds, chief market strategist at Rosenblatt Securities, discusses the threat of deflation and says that with U.S. inflation expectations "plunging", it's difficult to see how the Fed "can tighten".

  • Natalie Berg, grocery research director at Planetretail, comments on U.K. supermarkets - such as Sainsbury's and Tesco - and says the challenge for Tesco is that they're not "sure what they're about".