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  • *Ukraine struggles to secure funds for Russian gas payment. Movement on the gas row was the only sign of progress at talks between Vladimir Putin and Petro Poroshenko on Friday which failed to resolve differences over fighting in eastern Ukraine and a deep crisis in relations. After European Energy Commissioner Guenther Oettinger met Ukrainian officials in...

  • *Ukraine struggles to secure funds for Russian gas payment. Movement on the gas row was the only sign of progress at talks between Vladimir Putin and Petro Poroshenko on Friday which failed to resolve differences over fighting in eastern Ukraine and a deep crisis in relations. European Energy Commissioner Guenther Oettinger, who will mediate Tuesday's...

  • BRUSSELS, Oct 20- The European Union has ended a long-running telecoms row with China, the EU's trade chief said on Monday, dropping a threat to levy punitive tariffs on Chinese telecoms exports and easing tensions between two of the world's top trading powers. As Reuters reported exclusively on Oct. 8, the deal struck between Brussels and Beijing sets out a...

  • Fire exposes illegal Chinese factories in Italy Monday, 20 Oct 2014 | 1:54 AM ET

    PRATO, Italy— The first thing the firefighters saw was the arm sticking out of the barred window on the second floor of the factory. The fire station is two minutes from the Teresa Moda garment factory, on the edge of the main industrial zone of Prato, a town outside Florence. The first squad arrived around 7 a.m. Priority No. 1 was the arm in the window.

  • Ukraine says it's agreed interim gas price with Russia Saturday, 18 Oct 2014 | 5:06 PM ET

    KIEV, Oct 18- Ukraine's and Russia's leaders have reached a preliminary agreement on a price for gas supplies this winter but Kiev may need international help to pay, Ukrainian President Petro Poroshenko said on Saturday. Poroshenko met Russian President Vladimir Putin in Milan on Friday to discuss the conflict in Ukraine's eastern regions, where...

  • Fire exposes illegal Chinese factories in Italy Saturday, 18 Oct 2014 | 9:27 AM ET

    PRATO, Italy— The first thing the firefighters saw was the arm sticking out of the barred window on the second floor of the factory. The fire station is two minutes from the Teresa Moda garment factory, on the edge of the main industrial zone of Prato, a town outside Florence. The first squad arrived around 7 a.m. Priority No. 1 was the arm in the window.

  • DIARY- Top Economic Events to Oct 31 Friday, 17 Oct 2014 | 8:01 PM ET

    BOSTON- Federal Reserve Bank of Boston President Eric Rosengren speaks before the "Inequality of Economic Opportunity in the United States" conference in Boston- 1230 GMT. LONDON- Bank of England Deputy Governor Jon Cunliffe and ECB Vice President Vitor Constancio discuss bank regulation- 1045 GMT. WASHINGTON- Federal Reserve Board Governor Jerome Powell...

  • Samaras said Athens was talking with its lenders about what should happen if Greece succeeds in leaving its bailout programme by the end of December, a year ahead of schedule, as Greek officials hope. He sees one option as a credit line that Athens could tap post-bailout should it fall prey to future market turmoil. But the details of any such credit line have yet to...

  • MILAN- RUSSIA'S PUTIN SAYS RUSSIA, UKRAINE AGREED ON TERMS OF GAS SUPPLIES' AT LEAST FOR THE WINTER PERIOD'.

  • *Further talks needed to bolster east Ukraine ceasefire. MILAN, Oct 17- Russia and Ukraine made progress on Friday towards resolving a row over gas supplies, but European leaders said Moscow had to do much more to prop up a fragile ceasefire and end fighting in eastern Ukraine. The mooted deal aimed at re-opening Russian gas supplies to Ukraine ahead of the cold...

  • Greek eyes precautionary credit line after bailout Friday, 17 Oct 2014 | 10:22 AM ET

    ATHENS, Greece— Greece's prime minister said his government is in talks with rescue lenders over a possible precautionary credit line to ease the country's exit from its 240 billion euro bailout program. Antonis Samaras, speaking to reporters Friday at a summit in Milan, said the credit line was "an item negotiation." He did not clarify whether the credit line...

  • *Russia and Ukraine to carry on talking after tough meeting. MILAN, Oct 17- Russia, Ukraine and European governments failed to make any progress towards solving the crisis in Ukraine on Friday in talks that the Kremlin said were "full of misunderstandings and disagreements". Further discussions were scheduled later in the day, but there were few expectations of...

  • MILAN, Oct 17- Talks between Russia, Ukraine and European governments on Friday were "full of misunderstandings and disagreements", the Kremlin said, undercutting more upbeat messages from leaders hoping for a breakthrough in the Ukraine crisis. Russian President Vladimir Putin shook hands with his Ukrainian counterpart Petro Poroshenko at the start of a...

  • BUSINESS-NEWS-SCHEDULE AT 0830 GMT / 4.30 AM ET Friday, 17 Oct 2014 | 5:02 AM ET

    LONDON- World stocks hit a nine-month low but oil and southern European bonds are off their week's lows, as investors begin to dust themselves off after one of the most volatile spells in world markets in years. LONDON- The Bank of England may need to keep interest rates lower for longer than previously thought to reduce the chance of Britain's economy slipping...

  • MOSCOW, Oct 17- The rouble slipped against both the dollar and the euro on Friday, extending heavy losses since the start of the month which have forced Russia's central bank to spend over $11 billion defending the currency. The rouble has been pummelled by risk aversion to Russian assets because of the Ukraine crisis, a dramatic slump in oil prices to multi-year...

  • Ukrainian, Russian leaders sound optimistic note Friday, 17 Oct 2014 | 3:49 AM ET

    MILAN— Russian and Ukrainian leaders sounded optimistic after marathon, Europe- brokered talks Friday, signaling progress on both a definitive peace settlement in Ukraine and a gas dispute that threatens to disrupt supplies to Europe this winter. Putin also voiced confidence that the issue of Russians who have joined the insurgency in eastern Ukraine could...

  • European bonds: It's every country for itself now Thursday, 16 Oct 2014 | 1:32 PM ET
    A visitor walks beneath a display of stock market information at the Athens Stock Exchange, Oct. 15, 2014.

    After more than a year of interest rates across Europe moving lower in lockstep, the last 24 hours show a breakdown.

  • *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...

  • European markets close: Negative inflation     Thursday, 16 Oct 2014 | 11:27 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including low inflation data.

  • MILAN, Oct 16- Europe's priority must be to stimulate economic growth, Italy and France said on Thursday, putting themselves at odds again with Germany, which is demanding deficit rigour. Speaking in Berlin before flying to Italy, Merkel said the rest of Europe must stick to EU rules or the bloc's credibility would be at stake. Hollande blamed the market turmoil on a...