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  • Top court asked to reduce Berlusconi's ban Wednesday, 31 Jul 2013 | 6:22 AM ET
    Silvio Berlusconi

    An Italian public prosecutor on Tuesday asked the country's top court to reduce former Prime Minister Silvio Berlusconi's ban from public office for tax fraud to three years from five years.

  • You're fired! Siemens replaces Loescher as CEO Wednesday, 31 Jul 2013 | 5:42 AM ET

    The supervisory board of Siemens confirmed the resignation of Chief Executive Peter Loescher on Wednesday and appointed Joe Kaeser, the company's Chief Financial Officer as the new CEO.

  • Record high euro zone unemployment despite green shoots Wednesday, 31 Jul 2013 | 4:39 AM ET

    Unemployment in the euro zone remained unchanged from the previous month in June, at 12.1 percent, according to the latest data from Eurostat.

  • France falling out of love...with bread Wednesday, 31 Jul 2013 | 4:34 AM ET

    The French, it seems, are falling out of love. Not with free health care, or short workweeks, or long vacations in August. But with bread, the New York Times reports.

  • Schneider agrees $5.2 billion takeover of Invensys Wednesday, 31 Jul 2013 | 4:32 AM ET
    A job seeker (R) shakes hands with a recruiter.

    France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business.

  • Diageo profit up after 'rocky' emerging market ride Wednesday, 31 Jul 2013 | 3:15 AM ET

    Diageo remains confident about China despite a slowdown in growth in the world's second-biggest economy as the spirits group reports 18 percent growth in operating profit in emerging markets.

  • EADS changes name to Airbus, raises jet order goal Wednesday, 31 Jul 2013 | 2:10 AM ET
    An Airbus A320 - similar to the aircraft used by Air Algerie.

    Europe's EADS on Wednesday confirmed plans to reorganize in three divisions and change its name to Airbus, adopting the look and feel of its arch-rival Boeing in a bid to become more competitive.

  • Expect 'radical changes' from the Bank of England Wednesday, 31 Jul 2013 | 1:45 AM ET

    The Bank of England's (BoE) rate decision on Thursday marks the start of a key week in the tenure of new governor Mark Carney with some analysts expecting "radical changes."

  • BNP Paribas profit falls, expands in Germany Wednesday, 31 Jul 2013 | 1:19 AM ET

    French banking group BNP Paribas said on Wednesday it was expanding its business in Germany, hiring 500 people over the next three years.

  • Deutsche Bank profit misses, hit by legal charges Tuesday, 30 Jul 2013 | 12:04 PM ET
     Deutsche Bank

    Deutsche Bank pledged to cut risky assets from its balance sheet in response to regulatory concerns, as quarterly profit missed expectations, hit by a 630 million euro ($834.97 million) hike in litigation reserves.

  • UBS CEO: buyback of toxic asset fund to boost capital Tuesday, 30 Jul 2013 | 12:03 PM ET

    The Swiss National Bank is selling back to UBS this year the once-toxic assets it shouldered at the height of the financial crisis, which have since become profitable.

  • BP CEO hits out at class action lawsuits Tuesday, 30 Jul 2013 | 11:59 AM ET
    Robert "Bob" Dudley

    Class action lawsuits like the ones BP is facing in the U.S. are a "business model" that serves only to benefit attorneys, the chief executive of BP told CNBC.

  • Schneider nearing $5 billion Invensys deal: reports Tuesday, 30 Jul 2013 | 11:28 AM ET
    Jean-Pascal Tricoire, CEO of Schneider Electric

    France's Schneider Electric is nearing a 3.3 billion pounds ($5.07 billion) deal to acquire British engineer Invensys and could announce the agreement at its results on Wednesday, three people with direct knowledge of the matter said.

  • Media's 'new emerging market' is Europe: CEO Tuesday, 30 Jul 2013 | 11:18 AM ET

    There is no better time to be in the media business than right now and Western Europe is looking like a new emerging market, said Discovery CEO David Zaslav.

  • Morsi meets EU representative as violence continues Tuesday, 30 Jul 2013 | 8:39 AM ET

    Violence has continued across Egypt over the past 24 hours, as European Union foreign policy chief Catherine Ashton confirmed on Tuesday that she had met ousted President Mohamed Morsi.

  • Brighter euro zone data offers scope for ECB rate cut Tuesday, 30 Jul 2013 | 6:02 AM ET

    An improvement in economic sentiment in the euro zone area adds to evidence that the crisis in the region is easing, analysts said on Tuesday, but the recovery remains weak.

  • IMF approves $2.3 billion aid for Greece Tuesday, 30 Jul 2013 | 3:44 AM ET

    The International Monetary Fund on Monday approved a further 1.7 billion euros in funds for Greece's bailout program after completing the fourth review of the euro zone state.

  • German consumer morale near 6-year high Tuesday, 30 Jul 2013 | 3:09 AM ET

    German consumer confidence rose to its highest level in nearly six years, shoring up expectations that household spending will help it withstand weak demand for its exports.

  • Spain economy contracts again, could reverse trend Tuesday, 30 Jul 2013 | 2:40 AM ET

    Despite contracting for the eight consecutive quarter in the second quarter of 2013, Spain's economy was signaling that it could return to growth soon, analysts said.

  • Santander's first-half net profit rises 29% Tuesday, 30 Jul 2013 | 2:30 AM ET
    Bank of Santander Headquarters

    Spain's biggest bank Santander on Tuesday said net profit rose 29 percent in the first six months of 2013 to 2.25 billion euros ($2.98 billion).

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