CNBC's Simon Hobbs reports on all the market moving events in Europe today, including and tumble in European stocks and positive action in French telecom's.» Read More
Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009.
The euro has continued to strengthen with strategists debating whether the boost was from China's move to diversify its foreign holdings.
*Acquisition prospects in Asia white cement. ROME, March 14- Italy's Cementir group is looking at acquisition opportunities to strengthen its position in white cement and could finalise a deal within 12 months, possibly in Asia, chief executive Francesco Caltagirone said.
HONG KONG, March 14- Hong Kong billionaire Joseph Lau, the head of Chinese Estates Holdings, was found guilty of corruption in a land deal in Asia's gambling capital of Macau on Friday and sentenced to five years in jail, a court official in Macau said.
SINGAPORE, March 14- Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009- and you can double that if it turns out they emptied Mt. "It's just growing pains," says Keith Jarvis, a security researcher at Dell SecureWorks.
*European Commission, ECB warn Italy on debt commitments. ROME, March 13- Italian Prime Minister Matteo Renzi could struggle to convince the European Union that his ambitious tax cuts and spending commitments will not threaten pledges to sort out public finances.
In his first year, Pope Francis' aggressive efforts to reform the Vatican's scandal-scarred financial apparatus show he's not all talk. NBC News reports.
LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.
PARIS, March 13- European stocks were steady on Thursday, halting their two-week slide, although a sell-off among UK retailers after a profit warning by Morrison's kept investors on edge. Worries over China's pace of economic growth as well as tensions in Ukraine also weighed on sentiment.
*E.ON to close 13 GW of plants, Enel to mothball 8 GW. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, said on Wednesday they plan to shut more plants and cut costs, joining rivals in warning that the industry crisis will weigh on profits for years to come.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including January industry production data falling, and earnings misses.
*Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.
*Ireland set to resume regular debt auctions on Thursday. LONDON, March 12- Ireland's yields hit record lows on Wednesday a day before it returns to market with its first regular bond auction since exiting an international bailout in December.
*Enel cuts dividend to 0.13 euros from 0.15 euros/ share. DUESSELDORF, Germany/ MILAN, March 12- E.ON and Enel, two of Europe's largest power utilities, are to shut more plants and cut costs, they announced on Wednesday, joining rivals in warning that the industry crisis will weigh on profits for years to come.
*Italy selling new 10- year inflation-linked bonds. LONDON, March 12- Italian bond yields rose further from eight-year lows on Wednesday as Rome launched a new. Italy underperformed top-rated euro zone bonds, which were rallying on growth and credit concerns in China as well as mounting tensions in Russia's standoff with western countries over Ukraine.
MILAN, March 11- UniCredit posted a record 14 billion-euro loss on Tuesday due to huge writedowns on bad loans and past acquisitions as it moved to clean up its balance sheet ahead of an industry-wide health check by European regulators.
Riccardo Barbieri, chief European economist at Mizuho International, says UniCredit could be vulnerable the turmoil in Ukraine, given its exposure to eastern europe.
CNBC's Simon Hobbs reports European stocks rebound as mines recover.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a concern about iron ore prices in China and French telecoms continue to surge.
NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.