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  • *Italy's Renzi says tax cuts will still go ahead. BRUSSELS, Oct 23- Germany and France both called for economic growth to be at the heart of the euro zone's budget strategy on Thursday but German Chancellor Angela Merkel warned against returning to the pre-crisis days of high spending to try to revive the economy. With the euro zone flirting with stagnation and...

  • *Expectations for a "big bang" style revamp not high in Europe. *Market expects a handful of failures from Europe's stress tests. But expectations for a "big bang"- style restructuring of the banking sector are low, given the political sensitivities at play, and instead the market is factoring in just a handful of failures out of the 130 banks set to be tested, with a few...

  • Italy's local utility shake up seen tempting China Thursday, 23 Oct 2014 | 9:25 AM ET

    MILAN, Oct 23- Italy's plan to reduce energy prices by pushing local government out of utilities and promoting mergers is likely to create larger, more efficient companies that could also appeal to foreign buyers, such as the Chinese. Rome has ruffled feathers in the European Union by putting back its goal of achieving a balanced budget to confront its severe...

  • Dancing priests become Internet sensation Thursday, 23 Oct 2014 | 5:44 AM ET

    ROME— A video of a pair of dueling, dancing American priests studying in Rome has gone viral, following in the footsteps of a now-famous Italian nun whose Alicia Keys- esque voice won her a singing contest and a record contract. David Rider, 29, of Hyde Park, New York, and the Rev. John Gibson, 28, of Milwaukee, first shot to Internet fame when they were filmed in April...

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • DIARY - Top economic Events to Nov 4 Wednesday, 22 Oct 2014 | 8:01 PM ET

    Treasury Under Secretary David Cohen speaks on "Disrupting ISIL's Money Trail" before the Carnegie Endowment for International Peace in Washington- 1400 GMT. LONDON- Bank of England Deputy Governor Ben Broadbent gives a speech on monetary policy outlook to Society of Business Economists- 0805 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior...

  • Fears over gas supply as Russia-Ukraine talks fail Wednesday, 22 Oct 2014 | 1:16 AM ET

    Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in talks on Tuesday.

  • DIARY -Top Economic Events to Nov 3 Tuesday, 21 Oct 2014 | 8:01 PM ET

    WASHINGTON- Federal Reserve Board holds open meeting to discuss a final rulemaking requiring sponsors of securitization transactions to retain risk in those transactions- 1930 GMT. LONDON- Bank of England publishes minutes of latest Monetary Policy Committee meeting. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn...

  • BRUSSELS, Oct 21- Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev's ability to pay. After a day of talks widely expected to be the final word, European Energy Commissioner Guenther Oettinger told a news...

  • BRUSSELS, Oct 21- Russia and Ukraine aim to resolve an impasse over natural gas supplies as their energy ministers meet in Brussels for talks brokered by the European Union's energy commissioner. Citing unpaid bills worth more than $5 billion, Russia cut off gas flows to Kiev in mid-June, adding to tensions sparked by Russia's annexation of Ukraine's Crimea...

  • WHO: Ebola vaccine trials in W. Africa in January Tuesday, 21 Oct 2014 | 7:19 AM ET

    GENEVA— Tens of thousands of doses of experimental Ebola vaccines could be available for "real-world" testing in West Africa as soon as January as long as they are deemed safe, a top World Health Organization official said Tuesday. The Ebola outbreak in West Africa has already killed over 4,500 people, mostly in Liberia, Guinea and Sierra Leone, since it emerged 10...

  • BRUSSELS, Oct 21- Russia and Ukraine aim to resolve an impasse over natural gas supplies on Tuesday as their energy ministers meet in Brussels for talks brokered by the European Union's energy commissioner. Citing unpaid bills worth more than $5 billion, Russia cut off gas flows to Kiev in mid-June, adding to tensions sparked by Russia's annexation of Ukraine's...

  • Italy doesn't need Germany's help: Politician     Tuesday, 21 Oct 2014 | 3:00 AM ET

    Roberto Maroni, President of Lombardy and senior member of the Northern League, says Italy does not need Germany's help to improve its economy and wants to be "strong enough" to solve its own problems.

  • Roberto Maroni, President of Lombardy and senior member of the Northern League, says Italian Prime Minister Matteo Renzi needs to boost growth in the country before carrying out certain reforms.

  • European markets close: ECB QE     Monday, 20 Oct 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the ECB's buying of covered bonds and SAP reports a disappointing earnings outlook.

  • *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...