Giovanni Sabatini, managing director of the Italian Banks Association, says Italian Banks are in "good shape" and have worked hard to prepare for the asset quality review.» Read More
BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.
SAN FRANCISCO— An Italian company whose mobile app allows San Francisco drivers to get paid for the public parking spaces they exit has temporarily shut down the service following an order from the city attorney.
*Global agricultural production and consumption to rise. ROME, July 11- World food output is on track to meet the needs of a growing population after a decade punctuated by supply concerns, the OECD and U.N. food agency said on Friday.
MILAN, July 11- Whirlpool, the world's largest maker of home appliances, has agreed to pay 758 million euros to buy a 60 percent stake in smaller Italian rival Indesit to further expand beyond its U.S. home market.
LONDON, July 10- Fossil fuels will remain an indispensable part of the global energy supply for at least the next 50 years, so a means must be found to burn them without pumping carbon dioxide into the atmosphere.
A top holding in the $710 million Ivy Emerging Markets Equity Fund, the best performing diversified emerging market fund over the last five years, is Las Vegas Sands Corp, the U.S.-based casino operator that generates most of its revenue in Macao.
CAMBRIDGE, United States- Federal Reserve Vice Chair Stanley Fischer speaks on "Financial Sector Reform" before a Martin Feldstein Lecture event hosted by the National Bureau of Economic Research in Cambridge- 2030 GMT.
WASHINGTON— In an increasingly global economy, just 1 in 10 teenagers around the world is able to make some key— but complex— financial decisions, including choosing among various loans or analyzing invoices and pay slips.
LONDON, July 8- A painting of Saint Praxedis by Johannes Vermeer, the 17th- century Dutch master who painted "The Girl with the Pearl Earring," sold at auction on Tuesday for 6,242,500 pounds, Christie's said on its Twitter feed.
ROME— A Milan court has acquitted former Italian Premier Silvio Berlusconi's elder son and a longtime executive in his media empire in a tax fraud case. The court on Tuesday cleared Pier Silvio Berlusconi and Fedele Confalonieri in the case involving the Mediaset media company. The prosecutors had alleged fraud in the purchase of film rights by Mediaset.
The bank, formally called Institute for Religious Works, said its net profit in 2013 fell to 2.9 million euros from 86.6 million euros the previous year.
Jeroen Dijsselbloem, president of the Eurogroup, says Italy's competitiveness has to improve in order for its economy to pick up.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
Italian finance minister Pier Carlo Padoan, says he is "on the same line" as the German government and other EU finance chiefs about the need for structural reform.
The Agnellis control Fiat Chrysler with a 30 percent stake via holding firm Exor, but their voting power could rise to as much as 46 percent through a loyalty scheme put in place as part of the merger to reward long-term investors.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a decline in German industrial production.
The listing of obscure items on eBay is nothing new, but one Italian seller has gone a step further - putting a whole Alpine village up for sale.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
MILAN/ PARIS, July 4- Late on May 23, Italian financier Andrea Bonomi phoned executives at his country's two largest banks seeking more than 200 million euros in loans to help him bid for French holiday resort company Club Mediterranee.
LONDON, July 4- If, faced with a turbulent decade for family finances, you could fix the interest rate on your massive mortgage debt at 3.5-4 percent for the next 10 years, you might well be tempted to grab it with both hands.