×

Archive Europe: Economy

  • *UK inflation highest since April 2012. LONDON, Oct 17- British inflation rose to its highest level in more than five years in September, official data showed on Tuesday, adding to the likelihood that the Bank of England will raise interest rates next month. Consumer prices last month were 3.0 percent higher than a year ago, the Office for National Statistics said,...

  • LONDON— Inflation in Britain is set to rise above 3 percent in the next month or two due to Brexit-related price increases, the Bank of England's governor warned Tuesday, reinforcing expectations that interest rates will soon rise for the first time in a decade. "The bank's credibility has been questioned following numerous false dawns on interest rate hikes,"...

  • LONDON— UK inflation rises to 3 percent in year to September, a full percentage point above the Bank of England's target.

  • Ten hot global fintech firms to watch out for in 2017. These bigger financial technology firms could challenge incumbent financial institutions (FIs)

  • Definitely need to monitor Italian banks

    Jorgen Kjaersgaard, head of European credit at AllianceBernstein, discusses how European banks can deal with non-performing loans.

  • Guillaume Menuet, head, European Economics, Citi, says a path on Brexit could be hammered out by October of next year if the parties can work through divisions and meet the two-year transition timetable proposed by Britain.

  • **LONDON Bank of England Deputy Governor David Ramsden and Monetary Policy Committee member Silvana Tenreyro participates in Treasury Select Committee appointment hearings followed by Bank of England Governor Mark Carney. STOCKHOLM- Riksbank executive board meeting 1100 GMT. FRANKFURT- Opening speech by the ECB President Mario Draghi at the ECB...

  • SYDNEY- Panel participation by Luci Ellis, Assistant Governor of the Reserve Bank of Australia, at the 9th Annual Australian& New Zealand Investment Conference 0030 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of October monetary policy meeting- 0030 GMT. SYDNEY- Reserve Bank of Australia Assistant Governor Michele Bullock will give speech...

  • *Gains on report Stanford's Taylor impresses Trump. NEW YORK, Oct 16- The U.S. dollar gained slightly on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks, and with no major U.S. releases on Monday to sway direction. Weve got a lot of negative news priced in, said Mark McCormick,...

  • *Gains on report Stanford's Taylor impresses Trump. NEW YORK, Oct 16- The U.S. dollar gained slightly on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks, and with no major U.S. releases on Monday to sway direction. Weve got a lot of negative news priced in, said Mark McCormick,...

  • NEW YORK, Oct 16- The U.S. dollar was slightly stronger on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks. Weve got a lot of negative news priced in, said Mark McCormick, North American head of FX strategy at TD Securities in Toronto. It fell to 92.75 on Friday immediately...

  • Waves whipped up by the wind of Hurricane Ophelia crash against the rocks on October 16, 2017 in Holyhead, Wales.

    Schools and hospitals are closed, many public transport and aviation services have ceased operations as the post-tropical cyclone makes landfall.

  • WASHINGTON, Oct 16- The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible political landscape will challenge their successors. The Federal Reserve, the Bank of Japan and...

  • WASHINGTON, Oct 14- A euro zone budget of several hundred billion euros is an ambitious idea, the head of euro zone finance ministers said on Saturday, suggesting loans from the bailout fund and transfers from the existing European Union budget could be more feasible. "Creating a whole new budget, inside or outside the European Union budget, of many hundred billion,...

  • "We need the help of market incentives, market pricing of risks to get the economics right in Europe," Dijsselbloem said on the sidelines of the International Monetary Fund's autumn meetings in Washington. Yet the budget rules, contained mainly in the Stability and Growth Pact that sets limits on government borrowing in European Union countries, have become...

  • *Spot gold may break resistance at $1,305/ oz- technicals. LONDON, Oct 16- A slightly firmer dollar weighed on gold on Monday, while ongoing tensions over Iran and North Korea and recent weak U.S. economic data lifted bullion above the psychological $1,300 level. "Last Friday we had rather disappointing CPI number, which further enforced the view that there's no need...

  • Now, votes in Germany and Austria and uncertainty over the Spanish region of Catalonia are reviving concerns about the unity of the bloc. In Germany, the anti-immigration and anti-euro Alternative for Germany received almost 13 percent of September's national vote, putting it in parliament for the first time. "Even though Austria is highly integrated and...

  • LONDON, Oct 16- Emerging stocks sailed to a fresh 6- year high on Monday but currencies cooled off after their recent rally as investors re-assessed the outlook for growth and inflation in China. Underpinned by China, commodity prices climbed, with copper charging through the $7,000 mark for the first time in three years, while steel-making inputs iron ore and...

  • *Zloty firms, ignores that Poland will quit IMF credit line. BUDAPEST, Oct 16- The Czech crown led a rise of Central European currencies on Monday, firming back to levels seen before the central bank launched an intervention regime in 2013 and gaining on chances of more interest rate hikes to come. Babis is ready to take on Brussels but without the burden of ideology...

  • They say that the Agrokor founder, Ivica Todoric, was not in his luxurious Zagreb home, but in London. Agrokor, the biggest retailer in the Balkans, is worth the equivalent of 15 percent of Croatia's gross domestic product. Croatia's authorities have tried to bail out Agrokor to avert a ripple effect on the economy and save tens of thousands of jobs.

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.