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  • MILAN, Nov 28- A loyalty scheme that would increase the voting power of Ferrari shareholders is one option parent Fiat Chrysler Automobiles will consider when it spins off the luxury marque next year, Chairman John Elkann said on Friday. Fiat introduced such a scheme when it merged into Dutch-registered FCA this year, rewarding its own long-term investors and...

  • The reason explains why efforts to resuscitate Italy's moribund economy are failing. Italy is stuck in a rut of diminishing expectations. This summer, consumer prices in Italy fell on a year-on-year basis for the first time in a half-century, and they have barely picked up since.

  • EU won't sanction France, Italy on budget yet Friday, 28 Nov 2014 | 4:02 AM ET

    BRUSSELS— The European Union head office is opting not to sanction two of its biggest economies just yet for missing public finance targets and instead will give France and Italy until the spring to come up with better plans to cut their debts and deficits. France could have faced a hefty fine while Italy would have been forced into further budget changes and...

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • LONDON, Nov 27- Copper prices slipped on Thursday, weighed down by a strong dollar, although further falls were capped by support from monetary easing in top consumer China and an upturn in economic sentiment in Europe while a strong dollar capped gains. Three-month copper on the London Metal Exchange, untraded at the close, was bid at $6,555 a tonne, down 0.2...

  • Families asked to host visitors for pope's US trip Thursday, 27 Nov 2014 | 1:09 PM ET

    PHILADELPHIA— Residents of the Philadelphia area are being asked to show some brotherly love to those traveling to the city to see Pope Francis next year. "We hope that a large number of the people of Philadelphia— not just the Catholic community, but others— will open their homes to visitors from around the world," Archbishop Charles Chaput said this week.

  • MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...

  • BRUSSELS, Nov 27- The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme. This gives the three more time to adjust policy before the EU...

  • *Despite stimulus, China economy still to slow-analyst. LONDON, Nov 27- Copper and other base metals were steady on Thursday, supported by monetary easing in top consumer China and an uptick in economic sentiment in Europe. Three-month copper on the London Metal Exchange was unchanged at $6,570 a tonne by 1132 GMT.

  • BRUSSELS, Nov 27- The European Commission will tell France, Italy and Belgium on Friday that their 2015 budgets risk breaking EU rules, but it but will defer decisions on any action until early March. This gives the three more time to adjust policy before the EU executive must decide whether to fine France for missing consolidation targets or put Italy and Belgium...

  • SINGAPORE, Nov 27- Indonesia's Lion Group is buying an additional 40 aircraft from ATR for $1 billion at list prices, the companies said, in a move that will make Lion the biggest customer of the European manufacturer. Kirana's Lion Air, Indonesia's biggest and one of the world's fastest-growing airlines, has captured global attention with record purchases of...

  • Italian police shut down counterfeit money ring Wednesday, 26 Nov 2014 | 1:49 PM ET

    MILAN— Police in Naples have broken up a counterfeit money ring that allegedly printed millions worth of fake euro bills and coins distributed in Europe and North Africa. Prosecutors said investigators seized 1 million euros in counterfeit notes in the course of the two-year investigation, along with a printing press able to produce high-quality fake bills...

  • STRASBOURG, France, Nov 26- The European Commission presented a 300 billion euro plan on Wednesday to boost Europe's stagnant economy, but some doubted private investors would stump up the funds, 15 times the EU contribution, needed to make it work. France and Italy, which have been demanding action to boost economic growth, cautiously welcomed the scheme but some...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its regional recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. Chrysler's delay in alerting owners of potential defects in Takata air bags "exacerbates the risk to motorists' safety," the NHTSA said in a...

  • DETROIT, Nov 26- Chrysler Group LLC must expand its recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said. The Fiat Chrysler Automobiles unit is at the "rear of the pack" among automakers in telling its customers of the possible dangers of Takata's air bags,...

  • European markets close: Huge GDP contrast     Tuesday, 25 Nov 2014 | 11:27 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the continued rally in bond markets.

  • Bill Weir's new CNN series to begin in 2015 Tuesday, 25 Nov 2014 | 6:53 AM ET

    NEW YORK— Bill Weir's new series on CNN will entail a lot of travel. Weir said the series will examine the reasons for that and also take viewers to places like the Dead Sea; Venice, Italy; and Africa. CNN is a division of Time Warner Inc..

  • Pope to Europe: Accept immigrants, create jobs Tuesday, 25 Nov 2014 | 6:00 AM ET

    STRASBOURG, France— Pope Francis sought Thursday to inspire an old and "haggard" Europe to find its vigor and greatness once again, urging European governments to welcome migrants, care for the elderly and create jobs for the unemployed. "A Europe which is no longer open to the transcendent dimension of life is a Europe which risks slowly losing its own soul," he said.

  • Monumental mess: Rome's mayor getting thumbs down Monday, 24 Nov 2014 | 2:41 AM ET

    Ignazio Marino promised to bring order to Rome's chaos when he was elected mayor in a landslide last year. The biggest challenge Marino faced upon winning office was tackling Rome's notorious traffic gridlock. Banning cars on the boulevard flanking the Roman Forum so tourists have a more pleasant stroll, strangling Rome's center even more.

  • Italian media say EU to approve Rome's 2015 budget Sunday, 23 Nov 2014 | 12:33 PM ET

    ROME, Nov 23- The European Commission will give the green light to Italy's 2015 budget and re-examine in March whether promised reforms have been made to boost the ailing economy, main Italian news outlets said on Sunday. Italy's biggest newspapers and broadcast outlets said on Sunday the Commission had given the "all-clear" to the document and agreed with Renzi...