CNBC's Simon Hobbs reports on all the market moving events in Europe today, including weakness in Ireland, and Lufthansa saying it will triple profits.» Read More
STANFORD, United States- Federal Reserve vice-chair nominee Stanley Fischer speaks before a dinner at the Stanford Institute for Economic Policy Research Economic Summit 2014- 0145 GMT. STOCKHOLM- Sweden's central bank governor Stefan Ingves to give a speech on "Have we learned the lessons of earlier financial crises?"
BERLIN, March 13- Russia's Gazprom said it wanted Ukraine to be able to pay for gas supplies and did not want a "gas crisis" over prices and debt, a allusion to past disputes that led to cuts in gas flows from Russia to Europe.
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March xx- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
BERLIN, March 13- German automaker Volkswagen will reinforce steps to boost earnings in coming years as its long-planned target to increase sales to over 10 million cars a year is almost met.
BERLIN, March 13- Gazprom, the state-controlled Russian gas company, said on Thursday it was continuing to deliver gas through Ukraine despite mounting unpaid bills but warned that this was creating holes in its budget for investments and dividends.
*Weidmann sees no need for fresh policy action. FRANKFURT, March 13- The European Central Bank is running out of conventional policy tools and any new action would quickly take it into territory where legal questions about some options would arise, Bundesbank chief Jens Weidmann said.
BERLIN, March 13- China's top envoy to Germany has warned the West against punishing Russia with sanctions for its intervention in Ukraine, saying such measures could lead to a dangerous chain reaction that would be difficult to control.
Treasury Secretary Jack Lew testifies on the White House fiscal 2015 budget proposal before the House Budget Committee- 1400 GMT.
Jens Weidmann, president of the Deutsche Bundesbank, says the challenges that Germany faces are "quite considerable" and include its huge demographic burdens and high debt levels.
BRUSSELS, March 12- Europe appeared far away from making good its crisis pledge to tackle weak banks as lawmakers and country representatives failed on Wednesday to bridge differences over how to close down troubled lenders.
*E.ON to close 13 GW of plants, Enel to mothball 8 GW. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, said on Wednesday they plan to shut more plants and cut costs, joining rivals in warning that the industry crisis will weigh on profits for years to come.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including January industry production data falling, and earnings misses.
*Enel cuts dividend to 0.13 euros from 0.15 euros/ share. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, are to shut more plants and cut costs, they announced on Wednesday, joining rivals in warning that the industry crisis will weigh on profits for years to come.
SINGAPORE, March 12- Here is a timeline of events in the disappearance of a Malaysia Airlines jetliner which vanished from radar screens on a flight from Kuala Lumpur to Beijing early on Saturday:. -Malaysia Airlines Flight MH370 Flight departs at 12:41 a.m., and is due to land in Beijing at 6:30 a.m. the same day.
*Risk appetite curbed by worries over China, Ukraine. LONDON, March 12- The Australian dollar and other currencies closely linked to commodities markets struggled on Wednesday after a 5 percent fall in copper prices overnight on fears of fading demand from China.
*Interpol says doubts "terrorist incident". KUALA LUMPUR, March 12- Malaysia's military believes a jetliner missing for almost four days turned and flew hundreds of kilometres to the west after it last made contact with civilian air traffic control off the country's east coast, a senior officer told Reuters on Tuesday.
*Germany's Schaeuble points to differences. BRUSSELS, March 11- European ministers agreed on Tuesday to strengthen a scheme to tackle troubled banks, seeking to win the blessing of EU lawmakers for a reform to fortify the euro zone against crises. It could even fall to European Union leaders, who meet in Brussels on March 20-21, to decide.
Wider market sentiment was still undermined by the crisis in Ukraine, where confrontation between Kiev and Moscow showed no sign of easing. The DAX had fallen 2.9 percent in the previous two sessions, dragged down by worries about Ukraine and by disappointing Chinese trade data.
FRANKFURT, March 11- The European Central Bank will press euro zone banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in the coming months, signalling a new, more aggressive era of banking supervision.
FRANKFURT, March 11- The European Central Bank will press banks to revalue their assets and take a more realistic view on likely losses when it probes their balance sheets in coming months, signalling a new, more aggressive era of banking supervision in the bloc.