Europe News


  • US Is Building Criminal Cases in Rate Fixing Monday, 16 Jul 2012 | 6:04 AM ET

    As regulators ramp up their global investigation into the manipulation of interest rates, the Justice Department has identified potential criminal wrongdoing by big banks and individuals at the center of the scandal. The New York Times reports.

  • Dennis Gartman: Now’s the Time to Buy Banks Monday, 16 Jul 2012 | 3:50 AM ET

    Despite worries about the global economy, the rapidly unfolding Libor scandal and pressure from regulators around the world, this is a good time to buy U.S. banking stocks, according to Dennis Gartman, author of The Gartman Letter.

  • Europe’s Banks Face Tougher Demands Monday, 16 Jul 2012 | 3:19 AM ET

    The head of Europe’s top banking regulator has raised the bar for lenders’ capital requirements, insisting that the 9 percent capital ratio they had to hit as a “temporary buffer” by June is to become permanent, the Financial Times reports.

  • An Apple Inc. iPad, left, and a Samsung Electronics Co. Galaxy tablet device

    The tech companies are trying to catch the blockbuster iPad in a race to win the tablet market, the New York Times reports.

  • Growth and Market Could Struggle Until US Election Monday, 16 Jul 2012 | 2:36 AM ET
    Federal Reserve Chairman Ben Bernanke speaks during a press conference announcing that the Fed will take no action on interest rates at the Federal Reserve Bank on January 25, 2012 in Washington, DC

    Ben Bernanke’s semi-annual testimony to congress will be the markets' big focus this week, with investors looking for clues on whether weaker economic data will see the Federal Reserve governor indicate he is ready to pull the trigger on a third round of quantitative easing or QE3.

  • Wall Street Traders

    They are supposed to be among Wall Street’s most closely guarded secrets: changes in research analysts’ views, up or down, of a company’s prospects. But some of the nation’s biggest brokerage firms appear to be giving a handful of top hedge funds an early peek at these sentiments — allowing them to trade on the information before other investors get the word, the New York Times reports.

  • Pipelines Bypassing Hormuz Route Open Monday, 16 Jul 2012 | 1:44 AM ET
    This satellite image shows the Strait of Hormuz, between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz runs between Iran and United Arab Emirates.

    Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets, the Financial Times reports.

  • Gauging the Euro's Tipping Point  Sunday, 15 Jul 2012 | 7:30 PM ET

    John Noonan, Senior FX Analyst at Thomson Reuters says that the ECB needs to do more printing than the Fed over the next few months. He sees the euro heading towards the 1.18/19 level.

  • US Banks Significantly Under-Capitalized  Sunday, 15 Jul 2012 | 7:00 PM ET

    Paul Gambles, Managing Partner, MBMG International says that U.S. banks are $1-2 trillion dollars under-capitalized

  • Hublot Combats Global Slowdown by Spending More Saturday, 14 Jul 2012 | 7:17 AM ET

    Hublot exports 40 percent of its products to China. With China’s GDP numbers out Friday morning indicating economic growth falling to 7.6 percent, the slowest pace in three years, the luxury time-piece company has a lot to think about.

  • Marc Faber Reacts to China's GDP  Friday, 13 Jul 2012 | 7:51 PM ET

    Marc Faber of "The Gloom, Boom & Doom Report," reacts to China's GDP data, and today's market rally. Tim Seymour of EmergingMoney.com; Ron Shah, Managing Partner, Jina Ventures; and Richard Ross, Auerbach Grayson, weigh in.

  • Italy to Jump Before Greece?  Friday, 13 Jul 2012 | 5:51 PM ET

    Is it possible that Italy will leave the euro zone before Greece? One analyst says it could happen, with CNBC's Melissa Lee, the Money In Motion traders and David Woo, BofA Merrill Lynch.

  • Iranian military personnel place a national flag on a submarine during the 'Velayat-90' navy exercises in the Strait of Hormuz in southern Iran on January 3, 2012, the End day of ten-day war games. Iran's military warned one of the US navy's biggest aircraft carriers to keep away from the Gulf, in an escalating showdown over Tehran's nuclear drive that could pitch into armed confrontation

    Iran has announced plans to start building its first nuclear submarine—a piece of advanced military technology that only the most powerful nations on earth are even able to construct—and which runs on uranium enriched to such a level that it can double as the fuel source for a nuclear bomb.

  • Europe Auto Sales Lowest Since '94 Friday, 13 Jul 2012 | 12:54 PM ET

    With much of Europe sliding back into a recession auto sales have dropped to the lowest level since 1994. Compounding the problem for automakers is a price war in the industry that is cutting into already squeezed margins.

  • Coolest Corporate Headquarters Friday, 13 Jul 2012 | 11:35 AM ET
    The term “corporate headquarters” often brings to mind an intimidating environment, full of modular furniture, fluorescent lights and joyless gray cubicles. For many years, there were scant deviations to be found.In the 21st century, that rule book has been tossed out the window. The new one has been written by veterans of the tech boom, the start-up boom and the dotcom boom, and this new “old guard” has changed the rules.Now that corporate norms no longer apply across the board, nontraditional

    Now that corporate norms no longer apply across the board, nontraditional office spaces have become more common. Click ahead to see some of the coolest corporate headquarters in the world.

  • Euro Slips, Chinese GDP Hits Target Friday, 13 Jul 2012 | 8:22 AM ET

    China stays on target and Italy takes a rating cut - it's time for your Friday FX Fix.

  • Forget Profit, New Fund Trades on Superstition Friday, 13 Jul 2012 | 7:41 AM ET

    Algorithmic trading was designed to take out the human element liable to mistakes, sentiment and superstition, but one student has designed an algorithm programed to replicate our fears to see whether there is anything rational — or financially rewarding — in superstitious trading.

  • Global Markets Update: Italian Bonds Downgraded  Friday, 13 Jul 2012 | 6:07 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, including returns on Italian bonds, and whether the IMF will issue more financial support to Greece.

  • No Respite Seen in Spanish Housing Crisis Friday, 13 Jul 2012 | 4:21 AM ET
    A road sign stands between blocks of empty apartments at Francisco Hernando village at the Sesena real estate development near Madrid.Out of 13,000 apartments that were meant to make up the development of Sesena only 5,100 were built, many of which are now uninhabited with those Spaniards who bought them as investments trying to sell them off for huge losses.One is example is Juan Carlos Caballero who bought an apartment in Sesena in 2008 for 185,000 euros alongside his father who had previously

    As protesters in Madrid clash with police over new budget cuts, the housing crisis that plunged Spain into economic catastrophe shows no sign of abating. Especially in Ciudad Valdeluz, the Global Post reports.

  • Greece Must Stare Down Privatization Blackmail Friday, 13 Jul 2012 | 3:14 AM ET

    The newly sworn in Greek coalition government is committed to restarting the economy, restoring confidence and boosting its reform credentials by taking action on long stalled privatizations. To succeed, it will have to move quickly, face down blackmail and convince mainstream citizens.

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