CNBC's Simon Hobbs reports on all the market moving events in Europe today, including and tumble in European stocks and positive action in French telecom's.» Read More
The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.
LONDON, March 14- Brent crude oil rose above $108 a barrel on Friday as heightened tension in Ukraine ahead of a referendum in the Russian-majority region of Crimea raised worries over Russian oil supplies.
*Draghi sees euro zone deflation risks as "quite limited". *Japan experience shows how deflation can gradually take hold. FRANKFURT/ WASHINGTON, March 14- Meeting students at the University of Amsterdam in April last year, European Central Bank President Mario Draghi extolled the virtues of courage, recalling a story his father had told him:.
LONDON, March 14- Brent crude oil steadied above $107 a barrel on Friday, on track for a third weekly loss amid worries over Chinese economic growth and rising U.S. stockpiles, although tension in Ukraine heightened worries over Russian oil supplies.
PARIS/ LONDON, March 14- European shares fell to five-week lows on Friday, with German blue chips among the worst hit, as tensions in Ukraine ahead of a weekend referendum unnerved investors.
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.
Jens Weidmann, president of the Deutsche Bundesbank, says that the market seems to be "anticipating" the euro zone's progress but warns geopolitical risks could still threaten markets.
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.
Joerg Kraemer, chief economist at Commerzbank, says the Bundesbank is unlikely to favor looser monetary policy from the European Central Bank.
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.