CNBC's Simon Hobbs reports on all the market moving events in Europe today, as investors await a key policy statement by the Federal Reserve after its two-day meeting.» Read More
TRIPOLI, June 19- Production at Libya's Abu Attifel oilfield will resume on Thursday after a deal was reached with workers who had gone on strike over salaries, a source working at the field said.
*First direct search for life since NASA's 1970 s Viking probes. Until last year, the ExoMars program was a joint project between ESA and the U.S. space agency NASA. But NASA dropped out, citing budget problems.
PARMA, Italy, June 19- A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority shareholders.
MILAN, June 19- Fashion designers Domenico Dolce and Stefano Gabbana were handed a 20- month suspended prison sentence and a heavy fine on Wednesday for hiding hundreds of millions of euros from the Italian tax authorities.
PARIS, June 19- European shares ended slightly lower on Wednesday in thin trading volumes, as investors awaited clues from the U.S. Investors avoided increasing their exposure to equities ahead of the Federal Open Market Committee's policy decision, and Fed Chairman Ben Bernanke's press conference, both due after European markets' closing bell.
LONDON, June 19- Half-way towards a lost decade for Europe's economy, pessimism persists about the political will to halt a worrying slide in the region's potential growth.
June 19- Algeria is investigating the head of its state power and gas utility, Sonelgaz, over contracts involving U.S. conglomerate General Electric Co and France's Alstom SA, sources told Reuters and Algerian local media reported. "The case is about inflating costs in deals with U.S. firm General Electric and French firm Alstom," one of the sources said.
DETROIT, June 18- Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks.
WASHINGTON-- Chelsea& Scott Ltd. is recalling about 1,950 IdeaBaby bath seats because they can tip over and cause a potential drowning risk to infants. Between the two spinning toys is a round, inset plastic disc with the words " http://www.onestepahead.com," "One Step Ahead," "Idea Baby" and "Made in Italy."
LONDON, June 18- Iraq aims to ramp up oil production by nearly 45 percent by the end of next year- without any input from its autonomous Kurdistan region- which suggests a lasting compromise in their long-running oil feud may be a way off.
LONDON, June 18- German Bunds fell on Tuesday on speculation the U.S. Economists expect Fed Chairman Ben Bernanke to repeat on Wednesday his recent comment that the purchases could be trimmed at one of the next few meetings, if the U.S. economy continues to improve.
Figures on Tuesday from the Association of European Carmakers showed Germany, France and Italy, accounting for about half of the embattled region's sales, suffered declines at or near double-digit percentage levels.
*Pentagon sees estimates coming down after fall review. Lockheed is developing three models of the F-35 for the U.S. military and eight countries that are helping fund its development: Britain, Australia, Canada, Norway, Italy, Turkey, Denmark and the Netherlands.
*Berlin pressuring member states to weaken rules- sources. With EU governments and lawmakers aiming to finalise the rules next week, which most of the 27 member states back, Germany has stepped up the pressure on them to water down limits on vehicle emissions to protect the country's mighty car industry, particularly luxury makers such as BMW and Daimler.
Jose Posada, owner of Galicia-based Posada Marron Glace, which last year sold 1 million euros of delicacies, mostly abroad to countries like Japan, Russia and Angola, wants to push into China and Central America.
JERUSALEM, June 18- The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilisation mean interest rates are becoming a more effective tool again, ECB chief Mario Draghi said on Tuesday.
BRUSSELS, June 18- The European Union's top trade official will discuss a dispute with China over solar panels at a meeting in Beijing on Friday, with the EU looking to negotiate a settlement to the spat and avoid a costly and debilitating trade war.
*Obama, Putin likely to square off over Syria. ENNISKILLEN, Northern Ireland, June 17- Western leaders rebuked Russian President Vladimir Putin for supporting Syria's Bashar al-Assad attempt to crush a two-year-old uprising, setting the stage for a tense G8 summit of the world's most powerful nations.
*Saipem at centre of Algeria corruption probe. MILAN, June 17- A second profit warning in less than 5 months wiped over a quarter from the share price of Italy's Saipem on Monday, leaving Europe's biggest oil industry group worth half what it was at the start of the year.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, as European telecom stocks rise on a report Spain blocked an AT&T bid for Telefonica.