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  • ATHENS/ FRANKFURT, Oct 16- The European Central Bank will loosen its rules on collateral quality to give Greek banks access to more funding, a Greek central bank official said, to help keep them steady following a plunge in Greek stocks and bonds. "The move was decided late on Wednesday evening after talks between the government, the ECB and Greece's central bank...

  • *Concern that Germany and ECB will do too little too late. PARIS, Oct 16- After a two-year siesta, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009.. But four overlapping factors have rekindled anxiety...

  • *OPEC shows no sign of willingness to cut output. LONDON, Oct 16- Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout. "And despite us seeing a floor around $80, even this floor might come into danger if we don't have any signal from OPEC any time soon."

  • Germany's Merkel warns France over budget deficit Thursday, 16 Oct 2014 | 4:43 AM ET

    BERLIN— German Chancellor Angela Merkel insisted Thursday that there can be no exceptions to European Union rules on national deficit targets, a clear message to France after it backed off promises to bring down its budget overspend. France admitted last month that its 2015 budget would shred promises to bring the deficit below the EU limit of 3 percent of GDP...

  • European shares slip again as selling pressure resumes Thursday, 16 Oct 2014 | 4:38 AM ET

    PARIS, Oct 16- European shares reversed an early rebound and slipped again on Thursday morning, resuming their month-long sell-off as worries over the strength of the global economy and fears of deflation in the euro zone kept investors on edge. The index sank 3.2 percent on Wednesday, suffering its biggest one-day slide since late 2011. The slump represented a...

  • ATHENS, Oct 16- The European Central Bank has reduced the haircut it applies on bonds submitted by Greek banks as collateral to borrow funds, a Greek central bank official told Reuters on Thursday, in a move to boost their access to liquidity. "The move was decided late on Wednesday evening after talks between the government, the ECB and Greece's central bank...

  • Falling oil prices shake up global economies Thursday, 16 Oct 2014 | 3:02 AM ET

    The global price of oil closed at $84.47 per barrel Thursday, down about $31, or 27 percent, from its high point for the year. "The problem is that countries get accustomed to a certain level of income, and then spend," says Edward Chow, a senior fellow at the Center for Strategic and International Studies. Increased production in the U.S., Canada, Iraq and elsewhere made up...

  • DIARY - Top Economic Events to Oct 29 Wednesday, 15 Oct 2014 | 8:01 PM ET

    CHELSEA, United States- Federal Reserve Chair Janet Yellen tours the CONNECT facility and meets consortium leaders and local residents to hear about conditions in the local economy and the impact of CONNECT for residents entering or re-entering the workforce- 1645 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe takes part in a panel discussion at...

  • Cramer: Long-term perks outweigh short-term loss Wednesday, 15 Oct 2014 | 7:07 PM ET

    Jim Cramer weighs the benefits of taking a long-term perspective on the market, versus the gains lost in the current market environment

  • WASHINGTON, Oct 15- The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a semiannual report to Congress, the U.S. Treasury Department also said Berlin could do more to help Europe, namely by...

  • WASHINGTON, Oct 15- The United States on Wednesday renewed a warning that Europe risks falling into a downward spiral of falling wages and prices, saying recent actions by the European Central Bank may not be enough to ward off deflation. In a semiannual report to Congress, the U.S. Treasury Department said Berlin could do more to help Europe, namely by boosting the...

  • Levy was drafted in 2002 into the management team that revived the then telecoms-to-media conglomerate Vivendi. The 59- year-old, who began his career at France Telecom, spent a decade paring back Vivendi film, TV and Internet assets. "At Vivendi and at Thales, he didn't turn up with an entourage," said Capron, who was finance director at Vivendi during part of Levy's...

  • European markets close: Rough session     Wednesday, 15 Oct 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a look at Greece's market, which dropped 6 percent in one session.

  • EU orders Ryanair to repay aid to German airport Wednesday, 15 Oct 2014 | 9:19 AM ET

    DUBLIN— The European Union's executive Commission has ordered Ryanair to repay more than 300,000 euros provided by a German airport to sustain the Irish airline's business, ruling it amounted to illegal state aid. Ryanair says it plans to appeal Wednesday's judgment that the airline exploited tiny Leipzig-Altenburg Airport in eastern Germany with a 2010...

  • Germany set for dip in renewable energy subsidy Wednesday, 15 Oct 2014 | 7:22 AM ET

    BERLIN— The cost to Germans of subsidizing renewable energy is set to decline next year for the first time, though the impact on their electricity bills will be only slight. Chancellor Angela Merkel's government has made a priority of stemming the costs of Germany's transition to renewable energy and improving its coordination. The subsidy has mushroomed...

  • Pilots to strike at Lufthansa's Germanwings unit Wednesday, 15 Oct 2014 | 6:28 AM ET

    BERLIN— A union representing pilots at Lufthansa's short-haul Germanwings unit has called members out on a 12- hour strike Thursday, hard on the heels of a walkout by German train drivers in a separate dispute. The Vereinigung Cockpit union set the strike at Lufthansa's budget offshoot for noon to midnight. On Wednesday, the GDL union called out train drivers at...

  • Russian Prime Minister, Dmitry Medvedev, comments on German/Russian relations and says that vacancies left by European companies in Russia will be filled by others if current sanction trends continue.

  • *Italy woos cash-rich China as recession bites. MILAN/ ROME, Oct 14- Italy and China signed business deals worth about 8 billion euros on Tuesday in sectors ranging from energy to engineering, deepening Beijing's commercial ties with the euro zone's No. 3 economy. "We must bring more China to Italy and take more Italy to China," he said.

  • Google expands shopping delivery service in U.S. Tuesday, 14 Oct 2014 | 1:18 PM ET

    Oct 14- Google Inc said it would expand its same-day shopping delivery service to three new U.S. cities and start charging customers for the service, which competes with Amazon.com Inc.. The Google Express service, which was earlier only available in certain parts of California and New York City, will be expanded to Boston, Chicago, and Washington D.C., Google said...

  • EU court hears challenge to bond purchase program Tuesday, 14 Oct 2014 | 12:33 PM ET

    FRANKFURT, Germany— The European Union's Court of Justice has heard arguments in a challenge against the European Central Bank's program to purchase government bonds. No bonds were purchased, but the mere possibility was enough to drive down bond-market interest rates for troubled governments such as Spain and Italy. Germany's Federal Constitutional...