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Europe News


  • Ford Closing Plants, Cutting Jobs in Europe Thursday, 25 Oct 2012 | 11:52 AM ET
    Cramer’s Earnings Game Plan for Next Week

    With losses increasing in Europe, and the outlook for sales looking grim, Ford Motor said it will now close a second final assembly plant in that continent and cut nearly a fifth of its capacity.

  • Sanofi and Unilever Nudge European Shares Higher Thursday, 25 Oct 2012 | 11:47 AM ET

    Reassuring updates from drugmaker Sanofi and consumer goods group Unilever lifted European shares on Thursday, although some traders felt worries over the euro zone would limit further moves higher.

  • Is UK's Jump in GDP Sustainable?   Thursday, 25 Oct 2012 | 11:20 AM ET
    Is UK's Jump in GDP Sustainable?

    CNBC's Rick Santelli talks to Mark Grant, Southwest Securities about France's economy and Spain's unique funding issues.

  • Ford Closing Another European Plant   Thursday, 25 Oct 2012 | 8:36 AM ET
    Ford Closing Another European Plant

    CNBC's Phil LeBeau reports three pieces of news from Ford, including "pulling the trigger on Europe" and forecasting profitability in the EU by mid-decade.

  • Confusion Reigns Over Greece Bailout Extension Thursday, 25 Oct 2012 | 8:35 AM ET
    Confusion Reigns Over Greece Bailout Extension

    Confusion reigned on Thursday, a day after Greece’s finance minister told the parliament that Greece had received an extension on its bailout, with the European Central Bank and Germany denying a deal had been done.

  • CEO Words of Gloom Cast Shadow Over Earnings Season Thursday, 25 Oct 2012 | 8:29 AM ET
    CEO Words of Gloom Cast Shadow Over Earnings Season

    An earnings season described even by the most optimistic as muted has been made even more worrying by the pessimism shown by chief executives at globally dominant companies.

  • Finding Value in Global Markets   Thursday, 25 Oct 2012 | 6:20 AM ET
    Finding Value in Global Markets

    Saira Malik, TIAA-CREF, provides her outlook on the markets and China, and shares her top global stock picks.

  • Global Markets: European Shares Higher   Thursday, 25 Oct 2012 | 6:12 AM ET
    Global Markets: European Shares Higher

    CNBC's Ross Westgate reports on all the market moving events from Europe, as stocks got a boost from earnings showing a mixed outlook for the economy.

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

    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
    Cameron Seizes on GDP ‘Good News’

    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.

  • Amid Cutbacks, Greek Doctors Offer Message to Poor: You Are Not Alone

    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
    Myanmar's Making Investment Rules Clearer

    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
    Buffett: Euro Zone Banking Problem Clouds Recovery

    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
    A Sign of Recovery: Back to the Old Normal?

    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
    We’ll Watch Global Economy Closely: Volvo CEO

    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
    Global Markets: EU Shares Fall After PMI Data

    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
    For the Dog That Has Everything: Concierge Services

    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
    Struggling European Carmakers Hope for Paris Motor Show Boost

    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.

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