Salvatore Rossi, Deputy Governor of the Bank of Italy, says low inflation in the euro zone is a concern for the bloc.» Read More
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.
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.
"Europe is about three years behind the United States. The recovery both in the macroeconomy and stock prices is lagging, that's why U.S. investors are coming in now, "said Joseph Oughourlian, CEO of London- based hedge fund Amber Capital.
ROME, March 9- An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday.
PORCIA, Italy, March 9- The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. Home appliance maker Electrolux, which owns the factory, wants to cut the salaries of some 5,000 workers at the plant and three other factories across Italy by up to 15 percent over the next three years.
*Malaysia Airlines says "fearing the worst". KUALA LUMPUR/ PHU QUOC ISLAND, Vietnam, March 9- M alaysia Airlines said it was "fearing the worst" on Sunday for a plane carrying 239 people that went missing more than 24 hours ago, as the government said it was investigating four passengers who may have held false identity documents.