Europe News


  • Walker Plans Barclays Board Clear-Out Thursday, 25 Oct 2012 | 2:08 AM ET

    Sir David Walker is planning a clean sweep of Barclays’ board after he formally becomes chairman of the scandal-tainted bank next week and will also oversee the replacement of some key executive positions. The FT reports.

  • Cameron Seizes on GDP ‘Good News’ Thursday, 25 Oct 2012 | 1:45 AM ET

    David Cameron on Wednesday promised “the good news will keep coming” as his error-prone government prepared to seize on new data that is expected to show Britain’s double-dip recession is over, the Financial Times reports.

  • Until recently, Greece had a typical European health system offering universal care, but the unemployed are now often left on their own if they get sick.

  • Myanmar's Making Investment Rules Clearer  Wednesday, 24 Oct 2012 | 8:20 PM ET

    Andrew Rickards, CEO, Yoma Strategic Holdings says that there's a lot of scope to invest in Myanmar as the country makes its investment rules clearer.

  • Europe Shares End Higher Despite PMI Data Wednesday, 24 Oct 2012 | 12:08 PM ET

    European shares halted a three-day slide on Wednesday as encouraging Chinese data fueled a rebound in oil and mining stocks, while strong earnings boosted tech shares.

  • Buffett: Euro Zone Banking Problem Clouds Recovery  Wednesday, 24 Oct 2012 | 8:46 AM ET

    It is going to be very tough for Europe to have austerity and at the same time grow GDP, said Warren Buffett, Berkshire Hathaway CEO, referring to the euro zone's economic problems.

  • A Sign of Recovery: Back to the Old Normal? Wednesday, 24 Oct 2012 | 7:50 AM ET

    An interesting chart on page 72 of this week’s Economist shows European bank funding costs falling below that of investment-grade corporates for the first time since 2009. This may not have the headline-grabbing weight of an improvement in the inflation or unemployment statistics, but it is just as significant.

  • We’ll Watch Global Economy Closely: Volvo CEO Wednesday, 24 Oct 2012 | 7:25 AM ET

    Global macro-economic headwinds will be the factor to watch most closely over the coming months as uncertainty abounds, Olof Persson, CEO at Volvo Group told CNBC’s “Squawk Box.”

  • Global Markets: EU Shares Fall After PMI Data  Wednesday, 24 Oct 2012 | 6:06 AM ET

    CNBC's Ross Westgate, reports on all the market moving events from Europe, as stocks fall after data showed poor manufacturing output in the euro zone.

  • Sanctions against Iran, imposed by the U.S. and the European Union, are important and effective but more needs to be done, according to Israeli Finance Minister Yuval Steinitz.

  • Man’s Best Friend Boosts Ailing Economy Wednesday, 24 Oct 2012 | 3:31 AM ET

    The U.S. pet industry is set to rake in a record $53 billion this year, despite sluggish overall consumer demand, according to a report by brokerage firm ConvergEx.

  • France Nears Deal to Rescue Peugeot Wednesday, 24 Oct 2012 | 1:54 AM ET

    France is close to agreeing a deal to prop up PSA Peugeot Citroën by providing between 5 billion euros and 7 billion euros of financial guarantees to the ailing carmaker’s lending arm. The FT reports.

  • Fixing the Fiscal Cliff  Tuesday, 23 Oct 2012 | 8:10 PM ET

    Gary Dugan, CIO, Asia & Middle East, Coutts says that the U.S. economy could see a recession if the fiscal cliff is not fixed.

  • Worries Over Earnings and Spain Hit European Shares Tuesday, 23 Oct 2012 | 12:54 PM ET

    A top European share index slid to its lowest level in more than one and a half months on Tuesday, hit by worries over weak company results and Spain's debt crisis.

  • Apple’s new, smaller iPad, dubbed the iPad Mini, may cannibalize demand for its existing tablet computers, according to Tim Daniels, technology, media and telecommunications strategist at Olivetree Securities.

  • With Spain looking increasingly likely to miss this year’s deficit target, credit rating downgrades for several of its regions, and its borrowing costs showing an uptick things aren’t getting any better for the country, with one analyst telling CNBC that the country is caught in a “vicious circle”.

  • Dollar Finds Traction, Yen Slips on Stimulus Hopes Tuesday, 23 Oct 2012 | 7:55 AM ET

    Corporate earnings weigh and Hong Kong steps in — it's time for your FX Fix.

  • Global Markets: Earnings Drive EU Shares Lower  Tuesday, 23 Oct 2012 | 7:05 AM ET

    CNBC's Ross Westgate, reports on all the market moving events from Europe, as markets drifted lower after a steady stream of earnings news delivered mixed messages.

  • Is Spain Facing Japan-Style Stagnation? Tuesday, 23 Oct 2012 | 5:57 AM ET

    The credit crisis has led to the U.S., the U.K. and even the entire euro zone being dubbed the "new Japan" – with the Asian country synonymous with a particular kind of extended stagnation.

  • World ‘Close’ to Recession: Stanley Fischer Tuesday, 23 Oct 2012 | 4:15 AM ET

    The former chief economist of the World Bank and former vice chairman of Citigroup told CNBC the global economy is “close” to a recession, though he added that it wasn’t clear if it  would actually enter one because of an improvement in confidence recently.

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