CNBC's Simon Hobbs reports on all the market moving events in Europe today, including PMI releases for eurozone countries. » Read More
BERLIN— Germany's Ifo institute releases its monthly business confidence index, a key indicator for Europe's biggest economy. WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.; The Conference Board releases the Consumer Confidence Index for July, 10 a.m.; Commerce Department releases new home sales for June, 10 a.m.;...
*Spanish cities cheap compared with London or Paris. MADRID, July 20- Residential construction is coming back to life in Spain eight years after a property crash, with foreign investment pouring into developments in Madrid and Barcelona, and a jump in building permits pointing to more growth to come. Construction and real estate accounted for more than a third of...
MADRID, July 19- Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex, held more than 6 billion euros in prime real estate assets at the end of 2015, corporate filings showed on Tuesday. The famously-reclusive magnate's real estate investment arm, Pontegadea Inmobiliaria, booked assets of 6.06 billion euros at the end...
MADRID, July 18- Spanish police issued guidelines on Monday on how to safely use augmented-reality video games after the release of the application Pokemon Go. Across the United States, players have been drawn down dark alleys and into dangerous neighborhoods in search of the imaginary creatures, only to be targeted by criminals. Pokemon Go became available in...
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including travel stock declines.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Bank of England deciding not to cut rates due to a "sharp" fall in confidence.
BERLIN, July 14- London- based online money transfer business Azimo is considering switching its headquarters to mainland Europe because of Brexit, which it says could threaten Britain's position as a global hub for the financial technology- fintech- industry. "Whilst we are regulated out of the UK at the moment, we're talking to regulators in other...
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as outgoing UK Prime Minister David Cameron is handing the role over to Theresa May.
*PE purchases of UK firms down 83 pct this year- data. *U.S.-listed group goes against trend by buying UK cinemas. The referendum result, which caught financial markets by surprise, is making institutional investors have second thoughts about committing to new funds for private equity deals in Britain, according to people in the industry.
The aircraft, Solar Impulse 2, flew out of the Seville airport in Spain on Monday and landed at the Cairo International Airport on Wednesday morning. The flight, piloted by Swiss man Andre Borschberg, had arrived in Seville on June 23 after an unprecedented three-day flight across the Atlantic. The around-the-world voyage began in March 2015 in Abu Dhabi in the...
Spain economy minister, Luis de Guindos says he hopes that Spain can form a new government by the start of August, while commenting on fiscal targets.
*Italy- Germany bond yield spread lowest in three weeks. *EU states back deficit procedure for Spain, Portugal. LONDON, July 12- Italian government borrowing costs narrowed the gap with benchmark Germany to the tightest level in three weeks on Tuesday, as Italy moved closer to a deal with the EU executive to safeguard its struggling banks.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the rally in the sterling ahead of the United Kingdom's new Prime Minister Theresa May beginning her role tomorrow.
European Union finance ministers endorsed sanctions on Spain and Portugal for breaching European rules on budget deficit targets on Tuesday.
MADRID— Spanish police say they have arrested 11 people— mostly Russians and Ukrainians— in an operation targeting foreign organized crime gangs involved in money laundering. Police said those arrested allegedly ran a network of companies through which they channeled money from Cyprus and the British Virgin Islands to buy real estate in Spain.
*Rome aiming to approve bad loan guarantee next month. *EU states back deficit procedure for Spain, Portugal. LONDON, July 12- Italian government borrowing costs edged lower on Tuesday, narrowing the gap with benchmark Germany, as Rome moved closer to a deal to safeguard the country's struggling banks.
European Commissioner for Economic and Financial Affairs, Pierre Moscovici talks about the potential for imposing sanctions on Spain and Portugal, and how the European Commission wants to go about it.
MADRID— An experimental solar-powered airplane has left Spain for Egypt in the penultimate leg of its globe-circling voyage. Organizers said the Solar Impulse 2 flew out of Seville airport Monday and was heading for Cairo. The around-the-world voyage began in March 2015 in Abu Dhabi in the United Arab Emirates and is due to finish there too.
LONDON, July 11- Britain's Rolls-Royce said it would buy the outstanding 53.1 percent shareholding in aircraft engine and components firm Industria de Turbo Propulsores owned by SENER Grupo de Ingeniería for 720 million euros. Rolls-Royce said the agreement allowed it the flexibility to settle up to 50 percent of the purchase price in shares.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including European auto shares, Italian banks and consumer morale in the United Kingdom.