Europe News


  • Why 'Italy doesn't need Germany's help' Tuesday, 21 Oct 2014 | 4:24 AM ET
    Milan skyline, Italy

    The president of one of the Italy's richest region said the country doesn't need Germany's -- or anybody else's -- help to recover.

  • ASOS annual profit falls 14% on strong pound Tuesday, 21 Oct 2014 | 2:20 AM ET

    British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.

  • Swedbank warns on growth as profit tops forecast Tuesday, 21 Oct 2014 | 2:50 AM ET
    Swedish Krona currency.

    Swedish banking group Swedbank posted third-quarter net earnings above market expectations on Tuesday but said the fragile global economy could affect growth in its home markets.

  • Carney review after BoE payment system crashes Tuesday, 21 Oct 2014 | 3:39 AM ET

    The Bank of England has launched a "thorough" and "independent" investigation into what caused a 10-hour crash of the U.K.'s interbank payment system Monday which halted high value payments such as house purchases.

  • Sweden's sub hunt exposes nerves over Russia Tuesday, 21 Oct 2014 | 2:01 AM ET
    A Swedish Navy fast-attack craft patrols in the the Stockholm Archipelago, Sweden, on October 18 2014.

    Sweden's biggest military mobilization since the Cold War underscores concerns about President Putin's intentions in the Baltic Sea area.

  • AkzoNobel hits forecasts, maintains 2015 targets Tuesday, 21 Oct 2014 | 2:13 AM ET

    AkzoNobel, the Dutch paint and coatings company, said on Tuesday its third quarter core earnings rose 7 percent to 487 million euros ($624 million), hitting market expectations, and maintained its 2015 targets.

  • Total CEO killed in Moscow plane accident Tuesday, 21 Oct 2014 | 4:03 AM ET
    Christophe de Margerie, chief executive officer of Total SA

    The chief exec of Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport.

  • Lew: Recent euro moves linked more to fundamentals Monday, 20 Oct 2014 | 3:11 PM ET
    Treasury Secretary Jack Lew

    Lew said recent movements of the euro versus the dollar seem linked more to differences in growth than policies aimed at depreciating the Euro.

  • Russia downgrade: Can Putin shrug off the sanctions? Monday, 20 Oct 2014 | 6:42 AM ET
    Russia's President Vladimir Putin attends the closing ceremony of the Europe-Asia summit (ASEM) in Milan, Oct. 17, 2014.

    The news on Russia’s economy seems to be going from bad to worse, with a downgrade of its sovereign credit rating by ratings agency Moody’s.

  • EU needs risk-takers to compete with US: EU's Kroes Monday, 20 Oct 2014 | 10:16 AM ET
    Neelie Kroes

    European entrepreneurs need to be more willing to take risks in order to compete with their American counterparts, the EU's digital commissioner, Neelie Kroes, told CNBC on Monday.

  • UK online 'trolls' face 2 years behind bars Monday, 20 Oct 2014 | 8:45 AM ET

    Britain's internet "trolls" found spreading abuse online could face up to two years in jail under laws.

  • Germany risks recession in Bundesbank's outlook Monday, 20 Oct 2014 | 8:05 AM ET
    Jens Weidmann

    Germany risks coming dangerously close to recession, the Bundesbank said, predicting little economic growth in the second half of the year.

  • ECB says has started buying covered bonds Monday, 20 Oct 2014 | 7:14 AM ET
    A euro logo next to the headquarters of the European Central Bank in Frankfurt.

    The European Central Bank has started buying covered bonds, an ECB spokesman said on Monday, beginning purchases that form a key part of a new stimulus package.

  • Why forgiveness could be France's best bet Monday, 20 Oct 2014 | 3:46 AM ET

    France may be locking horns with the EU over its rule-breaking budget deficit, but analysts say the country is right to focus on growth.

  • Pfizer/AZ chase may be off as pharma deals falter Monday, 20 Oct 2014 | 4:12 AM ET

    At the start of the year, it looked like the pharma M&A market would get an adrenaline injection – but now, it's more like it’s taken a sleeping pill.

  • SAP cuts profit outlook; customers switch to cloud Monday, 20 Oct 2014 | 1:28 AM ET
    A visitor passes an illuminated SAP AG logo inside the business-software maker's headquarters in Walldorf, Germany, on Monday, Feb. 24, 2014.

    German business software maker SAP on Monday cut its outlook for full-year operating profit.

  • China, Russia weigh on Philips earnings Monday, 20 Oct 2014 | 1:46 AM ET

    In its first earnings update since revealing plans to spin off its lighting business in September, Dutch electronics giant reports net loss.

  • Lufthansa strike, train stoppage strand millions Sunday, 19 Oct 2014 | 7:53 PM ET

    Lufthansa cancelled 1,450 flights amid a pilots strike, compounding travel woes after millions were stranded by a weekend-long train drivers' stoppage.

  • Germany, France hammer out EU budget deal: Report Sunday, 19 Oct 2014 | 10:32 AM ET

    Germany and France are secretly discussing a deal to let European officials approve Paris's draft 2015 budget, a report said on Sunday.

  • As IPOs stumble, private equity prepares to pounce Sunday, 19 Oct 2014 | 6:17 AM ET
    A bear and a bull statue stand outside the Frankfurt Stock Exchange

    Private equity players are preparing to pounce on opportunities to put their cash piles to work as Europe's market turmoil puts the kibosh on IPOs.

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