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  • LISBON, Portugal— The fate of the European Central Bank's aggressive plan to stimulate the economy out of stagnation lies with the 340 million people in the 19- country euro alliance. The ECB plans to pump more than 1 trillion euros in new money into the region's economy. —Mario Polegato, billionaire chairman of Italian shoe company Geox SpA:.

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • RIO DE JANEIRO/ SAO PAULO/ MILAN, Jan 23- Oi SA, Brazil's most indebted phone carrier, is open to all options in a potential process of industry consolidation as long as the transaction helps create value for shareholders, Chief Executive Officer Bayard Gontijo said on Friday. However, management at Telecom Italia SpA, TIM's controlling shareholder, plans to meet...

  • LONDON, Jan 23- Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticized during the euro zone debt crisis when several countries in the single currency area had to be bailed out. The reasoning is that a country can...

  • DAVOS, Switzerland, Jan 23- Germany will use all the wiggle room it has in its budget to boost public investment, Finance Minister Wolfgang Schaeuble said on Friday. Other euro zone countries like France and Italy, as well as the International Monetary Fund, have repeatedly urged Germany to use its fiscal space to boost spending on infrastructure.

  • FRANKFURT, Jan 23- ECB chief Mario Draghi's 1 trillion euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currency he is trying to save. In monthly 60 billion-euro installments from March, the European Central Bank will buy chiefly...

  • FLORENCE, Italy, Jan 23- The European Central Bank's bond-buying program must not be used as a justification by euro zone governments to slacken economic reforms, German Chancellor Angela Merkel said on Friday. "I don't have the impression that the decision by the European Central Bank could lead to Italy saying' we don't need to reform anymore'.

  • Merkel encouraged by Italian reforms Friday, 23 Jan 2015 | 6:44 AM ET

    FLORENCE, Italy— German Chancellor Angela Merkel says she is encouraged by Italy's reform course, after a series of bilateral meetings with Italian Premier Matteo Renzi. She noted that German entrepreneurs in Italy told her they now felt free to hire workers, and that "they are no longer afraid of the incalculable costs. Renzi said that Italy "can and must...

  • MANILA, Philippines— When the pope comes to town a big bill awaits the host country, but the mammoth crowds whipped up by the Roman Catholic Church leader also offer plenty of good business. In pope-adoring Philippines, which hosted the pontiff for a five-day visit that ended early this week, a massive logistical effort tested the resources of a country that has...

  • INSIGHT-The smoke around e-cig science Thursday, 22 Jan 2015 | 6:00 AM ET

    *Wide variety of e-cigs a problem for researchers. *Tobacco firms join e-cig companies in sponsoring research. LONDON, Jan 22- From Apple Pie to Bubbly Bubble Gum, Irish Car Bomb or Martian bar- from Mars!

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • European shares rise for 5th day on ECB stimulus bets Wednesday, 21 Jan 2015 | 12:42 PM ET

    LONDON/ PARIS, Jan 21- European shares rose for a fifth straight day to close at a seven-year high on Wednesday as speculation mounted about the size and timing of a sovereign bond-buying programme expected to be unveiled by the European Central Bank. A euro zone source told Reuters on Wednesday the ECB's Executive Board has proposed that the bank buy 50 billion...

  • Italian PM: We declared a war on corruption  Wednesday, 21 Jan 2015 | 11:30 AM ET

    Italian Prime Minister Matteo Renzi says the country has declared war on corruption and that there are effects with those words.

  • A revolution in Italy's banking reforms  Wednesday, 21 Jan 2015 | 4:00 AM ET

    At the World Economic Forum, Carlo Messina, CEO of Intesa Sanpaolo, says that banking reform is good for Italy, while discussing the impact of quantitative easing in Europe.

  • Time to believe in the future: PM Renzi  Wednesday, 21 Jan 2015 | 2:35 AM ET

    Italian Prime Minister Matteo Renzi says the public believe in his reforms and he wants to give hope to Italians that he can enact the changes the country needs.

  • Italy doesn't save banks: PM Renzi  Wednesday, 21 Jan 2015 | 1:00 AM ET

    Speaking at the World Economic Forum in Davos, Italian Prime Minister Matteo Renzi says banks are "central" to the economy but the country's governments haven't created opportunities for the sector.

  • The time for austerity is over: Italian PM Renzi  Wednesday, 21 Jan 2015 | 1:00 AM ET

    Italian Prime Minister, Matteo Renzi, says that his country must change and enact structural reforms, adding that it is time to end the politics of austerity.

  • Italian PM: 'Europe needs to find a common solution'  Tuesday, 20 Jan 2015 | 8:17 PM ET

    Matteo Renzi, Prime Minister of Italy, discusses the issue of Germany disagreeing with the European Central Bank on plans to roll out quantitative easing through a bond buying program.

  • *Cost for the banking system 80- 90 mln EUR. ZAGREB, Jan 20- Croatian banks urged parliament on Tuesday to reject a government proposal to protect homeowners who took out mortgages in Swiss francs by fixing the exchange rate for one year. Some 60,000 housing loans in Croatia are denominated in Swiss francs, with a current value of around 27 billion kuna.

  • Europe looks ahead to ECB QE  Tuesday, 20 Jan 2015 | 11:26 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB QE on Thursday and the Greek elections on Sunday.