Europe News


  • RBS Withdraws From Tibor Panel Friday, 6 Jul 2012 | 3:53 AM ET
    The Royal Bank of Scotland Headquarters

    Royal Bank of Scotland has pulled out of the panels that set Tibor, Japan’s version of Libor, amid a global probe into alleged manipulation of interbank lending rates by traders at investment banks, the Financial Times reports.

  • Google’s Links with UK Government Agency Friday, 6 Jul 2012 | 2:55 AM ET

    Google hired a top official from a UK government agency charged with investigating the company, a report reveals, Global Post reports.

  • Trade Group for Bankers Regulates a Key Rate Friday, 6 Jul 2012 | 2:35 AM ET
    Robert Diamond, CEO of Barclays.

    While it was big news when the Barclays chairman, Marcus Agius, resigned Monday over his bank’s role in the Libor rate-fixing scandal. Less noticed was his other resignation that same day, the New York Times reports.

  • Usmanov Launches Attack on Arsenal Board Friday, 6 Jul 2012 | 2:20 AM ET

    Arsenal’s second-biggest shareholder has attacked the English Premier League football club’s management after its star player decided not to renew his contract when it runs out at the end of the 2012-13 season, the Financial Times reports.

  • Greece Drops Demand to Ease Bailout Terms Friday, 6 Jul 2012 | 2:01 AM ET
    The Parthenon in Greece

    Greece’s new government has dropped a plan to seek softer terms for its second bailout following warnings that it would be rejected by international lenders, the Financial Times reports.

  • Last Call: Bausch & Lomb Sees IPO Ahead Friday, 6 Jul 2012 | 1:53 AM ET
    Bausch & Lomb eye care products on a store shelf.

    Pfizer sued over generic Lipitor delay; Seagate sees shares slip on weak revenue; speculation mounts over Yahoo CEO short list.

  • Death Cross

    Gillian Tett of the Financial Times says markets may be headed for another "summer curse" and she points to five reasons why.

  • Sell Euro When It Moves Above 1.24     Thursday, 5 Jul 2012 | 10:40 PM ET

    Paul Mackel, Senior FX Strategist, HSBC says markets will jump at opportunities to sell the euro on rallies, adding that the currency could hit a record low this year.

  • More Easing From the ECB Likely     Thursday, 5 Jul 2012 | 7:30 PM ET

    Kathy Lien, Managing Director, BK Asset Management says that given the pessimistic outlook from the ECB, traders are expecting more easing from the central bank.

  • Bob, Barclays & the Brits     Thursday, 5 Jul 2012 | 1:06 PM ET

    On July 4, members of UK Parliament grilled an American banking executive who had to resign this week. CNBC's Kelly Evans offers an update on Barclays' rate fixing scandal.

  • Countdown to Jobs Friday     Thursday, 5 Jul 2012 | 11:36 AM ET

    Jeffrey Cleveland, Payden & Rygel senior economist, discusses today's ECB interest rate cut, and whether a weak jobs number tomorrow will drive the Fed to issue additional quantitative easing.

  • Global Markets Close Lower     Thursday, 5 Jul 2012 | 11:30 AM ET

    CNBC's Michelle Caruso-Cabrera reports European shares closed lower after negative comments from ECB President Mario Draghi, and a look at the impact on U.S. markets, with CNBC's Mary Thompson.

  • Is Congress to Blame for a Downshifting US Economy? Thursday, 5 Jul 2012 | 11:17 AM ET

    Evidence is mounting that the economy is taking a hit because Congress can't – or won't – deal with the 'fiscal cliff' looming at year's end. The fight on Capitol Hill last summer over the national debt limit also took an economic toll., the Christian Science Monitor reports.

  • Manchester United Plans US IPO     Thursday, 5 Jul 2012 | 9:49 AM ET

    Discussing the conditions of Manchester United's U.S. IPO plans, with Dennis Berman of The Wall Street Journal. "These are emotional companies, people have obviously very strong feelings for the soccer club, and that is why I almost find it exploitive," says Berman.

  • Barclays Scandal Fallout     Thursday, 5 Jul 2012 | 9:44 AM ET

    Moody's and Standard & Poor's both lowered their outlooks on Barclays to "negative" from "stable" in the wake of the interest rate manipulation scandal. CNBC's Kelly Evans reports.

  • Unanswered Questions on Barclays Remain Thursday, 5 Jul 2012 | 8:44 AM ET

    It lasted more than three hours. But despite speaking fluently for most of that time, Bob Diamond’s interrogation by MPs on Wednesday left unanswered many of the questions surrounding Barclays, the bank from which he resigned as chief executive on Tuesday. The FT reports.

  • Mobius: 'I'm Optimistic About Europe     Thursday, 5 Jul 2012 | 8:00 AM ET

    In these excerpts from a live interview, Mark Mobius, executive chairman at Templeton Emerging Markets Group, tells CNBC why he is optimistic about Europe.

  • CNBC's Kelly Evans reports on all the market moving events from Europe, including UK lawmakers voting on the next step for the Libor rate-fixing probe, and an expected rate cut by the ECB.

  • Room for Optimism on Europe: Mark Mobius Thursday, 5 Jul 2012 | 6:04 AM ET
    Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group

    There is room for optimism that Europe's economy will recover, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC on Thursday, as companies in fast-growing emerging markets look to make acquisitions in the region.

  • Spain’s Banking Crisis Moves Into the Courtroom Thursday, 5 Jul 2012 | 3:50 AM ET
    Tenure: June 7, 2004 – October 31, 2007Rodrigo de Rato was the third IMF managing director in a row to resign. After only three years in office following his appointment as Köhler’s replacement, the Spaniard decided to leave the IMF "for personal reasons." He went on working as a counsellor for Criteria-Caixacorp, Banco Santander – the largest European private bank – and Lazard. In 2009, de Rato announced he would give up these positions to join Caja Madrid, and become the Spanish savings bank’s

    Spain’s banking crisis has moved into the courtroom, the New York Times reports.

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