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Europe News London


  • Bank of England Faces Tough Decision on Stimulus Thursday, 5 Nov 2009 | 4:07 AM ET

    The Bank of England's injection of 175 billion pounds ($289 billion) into the economy hasn't yet pulled Britain out of recession, and the central bank now faces a difficult decision on whether to raise the stakes.

  • Stock Markets Face 'Meltup': Strategist Monday, 19 Oct 2009 | 4:13 AM ET

    Despite recent warnings that the rally may be over, stock markets face a "meltup" as institutional investors will now feel obliged to buy to deliver returns, Philippe Gijsels, senior equity strategist at Fortis, told CNBC Monday.

  • Blog: Moore Trouble for Wall Street Monday, 19 Oct 2009 | 3:36 AM ET

    The decade that brought us the Enron scandal, the Madoff scandal, the subprime scandal, the Stanford scandal and the great bailout scandal has just two months to run and we have another scandal, the Rajaratnam scandal.

  • Milk, Bread … Gold Bar: Bullion Goes Retail Thursday, 15 Oct 2009 | 10:23 AM ET

    Stuck for what to get your loved ones for Christmas? Well if you stop by London's glitzy Harrods store, you could get some gold bullion to put in the stocking.

  • Blog: Here's When Money Will Pour out of Stocks Thursday, 15 Oct 2009 | 9:41 AM ET

    When bond yields begin to return to their long term average expect money to pour out of equities. Until that moment factors such as profits, revenues and growth may have less of an impact on the equity market than you might think.

  • Blog: The Dollar Meeting No One Talks About Monday, 12 Oct 2009 | 8:37 AM ET

    America and China have a problem. A very big multi-trillion dollar problem that shows no sign of going away whatever the financial crisis throws at it.

  • Conservative Leader: All Together… in Austerity Tuesday, 6 Oct 2009 | 9:59 AM ET

    Vote for us and we promise austerity but at least we are in it all together! George Osborne in his eagerly anticipated speech to the Conservative Party Conference took aim at the Labour Government’s bloated budget deficit, promising savings of £23 billion pounds ($36.8 million) over the course of the next 5 years if elected next May.

  • Who Will Buy All the UK Debt? Tuesday, 6 Oct 2009 | 3:37 AM ET

    What the bond markets really want to hear from Shadow Chancellor of the Exchequer George Osborne is a credible plan for slashing billions of pounds in spending whilst at the same time not cutting off any economic recovery.

  • A blonde bombshell struck as the Conservative Party gathered. I am not talking Paris Hilton or Lady Gaga but a political rock star, London Mayor Boris Johnson, who says he wants a referendum on the Lisbon Treaty after being asked about the prospect of Tony Blair becoming the next president of the EU.

  • Europe to Release Some Bank Stress Test Results Saturday, 26 Sep 2009 | 6:42 AM ET

    Twenty-two large banks in Europe may have accumulated credit losses of close to $580 billion for this year and next, the New York Times reports.

  • Best Biz Cities? London, NYC Rule; Asia Climbs Tuesday, 22 Sep 2009 | 3:19 PM ET

    London and New York still hold the top spots as the world’s most competitive financial centers, but the economic crisis has seen Asian cities such as Hong Kong and Singapore surge up the rankings, according to the Global Financial Centres Index.

  • New York Beats London as 'World's Best City' Friday, 11 Sep 2009 | 10:04 AM ET

    New York City beat London by a whisker to become the best city in the world according to a panel of Time Out judges, who voted on the cities considering criteria such as architecture, arts, food and drink, the city's buzz and quality of life.

  • Bank of England Seen Holding Rates at Record Low Thursday, 10 Sep 2009 | 4:40 AM ET

    The Bank of England is expected to hold interest rates at record lows and continue with its program to boost the money supply on Thursday despite growing signs of an economic recovery.

  • The Beatles Are Back – In Video Games Wednesday, 9 Sep 2009 | 2:27 AM ET

    Thanks to modern technology, the Fab Four are taking the world by storm once again – and while money still can't buy you love, it can buy you a piece of the companies who are reviving BeatleMania.

  • UK House Prices Rise Again in August: Nationwide Thursday, 27 Aug 2009 | 3:53 AM ET

    House prices in Britain rose by 1.6 percent in August, slowing the annual fall in prices as low interest rates helped support the market, a major mortgage lender said Thursday.

  • Some Moolah for Ya Sky Rocket? ATMs Go Cockney Wednesday, 26 Aug 2009 | 10:19 AM ET

    Londoners needing to grab some sausage and mash (cash) from their rattle and tank (bank) when they’re out and about in the East End are now in luck. Cockney cash machines have been launched across the London district to celebrate the local lingo.

  • In Recession London Restaurants are Mushrooming Monday, 24 Aug 2009 | 11:12 AM ET

    Not only has the recession failed to take a bite out of London's restaurants, but a combination of a weaker pound, a temporary tax cut and a surprise boost in disposable income has pushed the closure rate for the capital’s eateries to its lowest since 2000, a survey showed.

  • UK Health Care System Is 'Unfundable': Strategist Monday, 24 Aug 2009 | 5:29 AM ET

    Britain's system of free health are for all, the National Health Service, will likely run into problems because it will be impossible to fund over the long term, Peter Toogood, head of investment at Old Broad Street Research, told CNBC Monday.

  • Bull Market Will Continue: Strategists Monday, 24 Aug 2009 | 5:16 AM ET

    Stock markets will probably continue to rise as the world recovery has just begun and many investors who have been on the sidelines will finally jump in, investment officers and strategists told CNBC Monday.

  • Greyhound Buses to Take Turn as British 'Coaches' Wednesday, 19 Aug 2009 | 12:17 PM ET

    America’s iconic Greyhound coaches will hit the road in the UK this September as owner FirstGroup looks to tap the brand’s North American success for the British market.