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  • HANGZHOU, China/ BEIJING, May 29- Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said. China Cinda Asset Management Co, the second largest, earlier this year launched...

  • GE taps Deutsche to sell Italian lender: Sources Thursday, 28 May 2015 | 6:31 PM ET
    General Electric GE

    GE picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus its industrial base, sources said.

  • LONDON, May 28- General Electric Co has picked Deutsche Bank to sell Italian lender GE Capital Interbanca as part of a strategic review to refocus the U.S. conglomerate around its industrial base, two sources familiar with the matter said. Deutsche Bank could conduct a piecemeal sale and offload Interbanca's units such as lending, factoring, leasing and fleet as...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the French law, arguing it favoured regular taxis at Uber's expense and that France...

  • BRUSSELS, May 28- The European Commission said on Thursday it had asked Paris for more information on a new French law on taxis and chauffeured cars following a complaint from mobile phone taxi-booking service Uber. In November Uber filed a complaint with the Commission against the new French taxi law, arguing it favored regular taxis at Uber's expense and that...

  • Italian yields firm as auction points to market stability Thursday, 28 May 2015 | 11:31 AM ET

    *Italy sells 6.9 billion euros of bonds. Italy sold 6.9 billion euros of five-, 10- and 17- year bonds, towards the upper end of a 5- 7 billion euro targeted range, with the yield on the 10- year paper rising to its highest at auction since December 2014. Italian 10- year yields edged up slightly after the sale to 1.87 percent as markets digested the new supply, but the move...

  • *Italy sells 6.9 billion euros of bonds. Italy sold 6.9 billion euros of five-, 10- and 17- year bonds, towards the upper end of a 5- 7 billion euro targeted range, with the yield on the 10- year paper rising to its highest at auction since December 2014. Economy Minister George Stathakis said Greece and its international creditors had converged on key points.

  • MELFI, Italy, May 28- Fiat Chrysler Chief Executive Sergio Marchionne is convinced there will be another merger deal in the carmaking industry within the next three years, he said on Thursday, not denying reports that he sent an email earlier this year courting U.S. rival General Motors. "I am absolutely certain that before 2018 there will be a merger," Marchionne...

  • Etihad Airways profit jumps by over half to $73 million Thursday, 28 May 2015 | 4:53 AM ET

    DUBAI, United Arab Emirates— Etihad Airways, the United Arab Emirates' fast-growing national carrier, said Thursday its profit rose by more than half to $73 million last year but warned that "aggressive protectionist sentiment" in the West threatens its future prospects. The government-backed airline, which has bought up stakes in several foreign carriers...

  • Italy will sell five-, 10- and 17- year bonds and while the sales are expected to be taken down smoothly, some strategists said a lack of clarity over Greece may see jittery post-auction trading. Lower-rated euro zone bonds had rallied Wednesday after Greek officials spoke optimistically of reaching a cash-for-reforms deal, with economy minister George...

  • Lamborghini signs deal to build new SUV in Italy Wednesday, 27 May 2015 | 1:31 PM ET

    MILAN— Super sports carmaker Lamborghini confirmed Wednesday it will enter the luxury SUV market and signed a deal to produce the new vehicle in Italy after receiving more than 80 million euros in government incentives. Lamborghini CEO Stephan Winkelmann said at the signing ceremony in Rome with Premier Matteo Renzi that the Italian package "was the most...

  • MILAN, May 26- An Italian court on Tuesday banned unlicensed car-sharing services such as those offered by Uber, in another setback for the fast-growing U.S. car service whose smartphone app summons rides at the touch of a button. The court in Italy's business capital Milan said the Uber POP service, which links private drivers with passengers through an...

  • Italian court bans unlicensed taxi services like Uber Tuesday, 26 May 2015 | 9:14 AM ET

    MILAN, May 26- An Italian court on Tuesday banned unlicensed car-sharing services such as those offered by Uber, in another setback for the fast-growing U.S. car service whose smartphone app summons rides at the touch of a button. The court in Italy's business capital Milan said the Uber POP service, which links private drivers with passengers through an...

  • Global markets update: Greece in focus   Tuesday, 26 May 2015 | 6:10 AM ET
    Global markets update: Greece in focus

    CNBC's Joe Kernen reports on all the market moving events from Europe.

  • Which European markets are the most attractive?   Tuesday, 26 May 2015 | 3:00 AM ET
    Which European markets are the most attractive?

    James Butterfill, global equity strategist at Coutts, discusses where to invest in Europe.

  • Bank of Italy governor's speech will be 'cautious'   Tuesday, 26 May 2015 | 2:15 AM ET
    Bank of Italy governor's speech will be 'cautious'

    Francesco Galietti, founder and CEO of Policy Sonar, discusses what to listen for in Ignazio Visco's central bank statement.

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • LONDON— With its classic red phone booth, pub, and medieval church, Harmondsworth's center looks quintessentially British. Harmondsworth is under threat because London and southeastern England need more airport capacity to meet the growing demands of business travelers and tourists. Heathrow and rival Gatwick, 30 miles south of central London, have offered...

  • Italy shouldn't 'slack off' on reform: Analyst   Monday, 25 May 2015 | 1:00 AM ET
    Italy shouldn't 'slack off' on reform: Analyst

    Volker Wieland, managing director of the Institute for Monetary and Financial Stability, says Italy remains a concern in the euro zone and should use the opportunity provided by easy monetary policy to enact reforms.

  • MILAN— Italy's flagship airline Alitalia said a 24- hour strike called for Monday that will force flight cancellations is "disrespectful" of passengers when the Rome airport is still suffering disruptions due to a fire two weeks ago. The strike affects Alitalia and its regional subsidiary Cityliner but excludes the airports of Bari, Brindisi and Genoa.