×

Archive Europe: Economy

  • WASHINGTON, April 19- The euro zone and International Monetary Fund are discussing options for future debt relief for Greece at meetings this week in Washington, but are not considering any extensions of the Greek bailout, top euro zone officials said on Thursday. "There are still decisions to take on the continuation of this process, but those are framed around...

  • New Eurogroup President Portuguese Finance Minister Mario Centeno gestures during a press conference on his election as new Eurogroup chief at the European Council in Brussels, Belgium on December 4, 2017.

    Mario Centeno told CNBC that European creditors, the IMF and Athens are inching towards a resolution.

  • LONDON/ ZURICH, April 19- The Swiss franc fell to a three-year low of 1.20 against the euro on Thursday as a revival in risk appetite encouraged investors to use it to buy higher yielding assets elsewhere, betting on loose monetary policy keeping the currency weak. The currency weakened past the level which was defended by the Swiss National Bank during the brief...

  • The decision came at a Washington meeting earlier in the day attended by Treasury Secretary Steven Mnuchin at which the finance officials from 16 nations also discussed ways to provide swift economic and humanitarian assistance to Venezuela, including substantial debt relief, in the event socialist President Nicolas Maduro is replaced by a government...

  • Turkey's president surprised markets Wednesday by announcing that he would hold snap presidential and parliamentary elections in June with experts saying the move is a sign of both panic and genius.

  • *Thomson Reuters has back-to-back record months. LONDON, April 19- Foreign exchange trading volumes rose to a record high in the first three months of the year, data showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies. The numbers released by CLS, a major settler of trades in the foreign exchange market,...

  • LONDON, April 19- Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies. The numbers released by CLS, a major settler of trades in the foreign exchange market, follows a huge surge in trading on Thomson...

  • *Poland's industry grows 1.8 pct in March vs 2.9 pct forecast. BUDAPEST, April 19- Central European government bond yields rose slightly on Thursday, tracking euro zone and U.S. peers that were driven by a surge in crude prices which may lead to more inflation. Poland's 10- year yield was steady, after a rise early this week, but its shorter yields also rose slightly.

  • FRANKFURT, Germany— When Angela Merkel was re-elected as Germany's leader in March, the way looked open for European nations to finally patch the remaining cracks in the euro— the structural flaws that threatened to break apart the shared currency in 2010-12.. A long-awaited European Union summit in June may now produce vague agreements only on limited parts...

  • BERLIN, April 19- U.S. tariffs on steel and aluminum imports would not dampen German exports if an exemption granted to the European Union expires on May 1 without a permanent solution, Germany's leading economic institutes said on Thursday. But they warned in a report that an escalation of a trade dispute between major economic blocs would have a big impact on...

  • BERLIN— German Chancellor Angela Merkel signaled her willingness to find compromises with France when it comes to reforming the European Union, as she hosted French President Emmanuel Macron for talks Thursday in Berlin. "There are of course always different starting points when it comes to the opinions of Germany and France," she told reporters at a joint news...

  • Moody's assessment is in contrast to that of Fitch Ratings, which said last week the U.S. sanctions would limit Russia's potential economic growth and severely impact targeted companies. "Russia's sovereign credit profile-- its rating is Ba1 with a positive outlook-- is well positioned to withstand the impact of new sanctions," said Kristin Lindow, a Moody's...

  • WASHINGTON, April 19- Greece needs a new arrangement with its euro zone government creditors after it exits its bailout on Aug. 20 to make sure that reforms continue to be implemented and budget discipline is maintained, EU Economic Commissioner Pierre Moscovici said. Greece has borrowed more than 200 billion euros from euro zone governments in three...

  • WASHINGTON, April 19- The European Union's Economic Affairs Commissioner appealed to world financial leaders on Thursday to keep a cool head over world trade disputes, noting protectionism posed the biggest risk to Europe's robust economic growth this year. "The rhetoric and the announcements of recent months must be a concern for all of us for all of us who...

  • WASHINGTON, D.C.- Greek Finance Minister Euclid Tsakalotos will attend IMF spring meetings in Washington. WASHINGTON, D.C. Bank of Canada Senior Deputy Governor Carolyn A. Wilkins participates in panel discussion at International Monetary Fund 1845 GMT. WASHINGTON, D.C.- Speech by ECB supervisor Ignazio Angeloni at Special Session of the European Breakfast...

  • WASHINGTON, D.C.- Greek Finance Minister Euclid Tsakalotos will attend IMF spring meetings in Washington. WASHINGTON, D.C. Bank of Canada Senior Deputy Governor Carolyn A. Wilkins participates in panel discussion at International Monetary Fund 1845 GMT. WASHINGTON, D.C.- Speech by ECB supervisor Ignazio Angeloni at Special Session of the European Breakfast...

  • BERLIN/ FRANKFURT, April 18- German unions have reached an inflation-busting pay hike deal for more than 2 million public sector workers that could push up prices and boost a consumer-led upswing in Europe's biggest economy. The deal sealed late on Tuesday night is part of a broader, gradual shift in Germany's economy in which private consumption has overtaken...

  • BERLIN, April 18- German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president. President Emmanuel Macron, who will meet Merkel in Berlin on Thursday, is pushing hard for bold euro zone reforms to defend the 19- member currency...

  • *FTSE 100 up 0.9 pct after inflation unexpectedly falls. LONDON, April 18- Global stocks climbed to a near four-week high and Wall Street geared up for a strong open on Wednesday as powerful U.S. first-quarter earnings, notably from Morgan Stanley, helped revive risk appetite. MSCI's index of world stocks was up 0.3 percent at 1203 GMT, while the top index of euro zone...

  • *U.S. sanctions trigger sell-off on Russia markets. MOSCOW, April 18- A sell-off in Russian markets triggered by the latest round of U.S. sanctions may drive up inflation and cap an economic recovery this year, but the overall impact is expected to be limited for now. Investors' initial reaction to the sanctions announced on April 6, targeting several major...

Contact Europe: Economy

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.