Commercial real estate values in the euro zone look stretched, but there are no signs of bubbles in broader European markets, according to the president of the European Central Bank. Speaking at a press conference at IMF Annual Meetings in Washington, Mario Draghi said he does not see evidence that stocks or bonds are overpriced […]
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Euro zone wages are rising more slowly than the ECB had hoped, Draghi says
Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said Saturday. Wage growth has failed to respond to stimulus for a list of reasons but the ECB remains convinced that labor markets and not a structural […]
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EU finance chief says name calling not helpful after 'enemy' jibe from UK
A top EU official has told CNBC that he wants solutions rather than name calling amid Brexit negotiations, following controversial comments made by the U.K. finance minister on Friday. Eurogroup President Jeroen Dijsselbloem responded to news that Britain’s finance chief Philip Hammond had called the EU “the enemy”, by pointing out that it isn’t likely […]
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Italian bank CEO to Bridgewater’s Ray Dalio: You will lose your multi-million bet against my company
Intesa Sanpaolo CEO Carlo Messina has said a multi-million bet against his company is doomed to fail. The world’s largest hedge-fund firm Bridgewater Associates, has mounted a reported $713 million wager against Italian financial stocks. Its biggest bet is calculated to be against Intesa Sanpaolo. The short position, which aims to profit on a fall […]
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GLEN HAUENSTEIN, the president of Delta, is optimistic about the future of basic economy. On a conference call this week, he boasted that the stripped-down airfares actually act as an incentive for passengers to upgrade to the more expensive standard economy tickets. Despite Mr Hauenstein describing it as a product that “people don’t really want”, […]
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Chinese space station set to crash-land on Earth's surface within months
A Chinese space station has begun its out-of-control descent towards Earth’s surface and is expected to crash-land within a few months. Launched in 2011, the 8.5-ton Tiangong-1 space laboratory had originally been a symbol of Beijing’s ambitious scientific bid to become a space superpower. However, last year Chinese officials confirmed the country’s first orbiting space […]
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Oil will crash to $10 a barrel with electric vehicle revolution, strategist says
Oil prices are poised to crash to just $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. When looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market […]
Read moreThe head of the European Central Bank defended a pledge to keep interest rates at rock bottom on Thursday, batting back German calls for a speedy exit from years of easy money in the eurozone. With two weeks to go before the ECB decides on the future of its stimulus policy, its president, Mario Draghi, […]
Read moreThe constitutional crisis between Spain and Catalonia could result in the now-mythical “Article 155” being invoked by the Spanish government as a last resort to bring the region’s pro-independence government to heel. Here, CNBC explains just what Article 155 is and how it could affect Spain and Catalonia’s futures. The term Article 155 has been […]
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European shares seen lower; Brexit talks on rocky ground; investors await data and earnings
European bourses look set to begin Friday’s trading session lower as investors monitor new data, earnings and speeches from members of key central banks. The U.K.’s FTSE is expected to start trading on the last day of the week 23 points down at 7,533, while the German DAX is seen 5 points lower at 12,978. […]
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