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  • DIARY - Top economic Events to Sept 10 Friday, 29 Aug 2014 | 8:01 PM ET

    LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.

  • *FTSEurofirst 300, Euro STOXX 50 up 0.3 pct. *Euro STOXX 50 posts biggest monthly gain since Feb. LONDON, Aug 29- European shares eked out small gains in thin, choppy trade on Friday, helping one key euro zone index of blue chips record its biggest monthly rise since February.

  • Telecom Italia in a bind after losing GVT bid battle Friday, 29 Aug 2014 | 12:45 PM ET

    PARIS/ LONDON/ MILAN, Aug 29- Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry.

  • Business events scheduled for the coming month Friday, 29 Aug 2014 | 12:39 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for August, 10 a.m.; Commerce Department releases construction spending for July, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for July, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m..

  • *Russia proposes' corridor' for encircled Kiev troops. *NATO source says more than 1,000 Russian troops in Ukraine. LAKE SELIGER, Russia/ KIEV, Aug 29- Ukraine called on Friday for full membership in NATO, its strongest plea yet for Western military help after accusing Russia of sending in armored columns that have routed its troops on behalf of pro- Moscow rebels.

  • '99 Homes' brings US subprime crisis to Venice Friday, 29 Aug 2014 | 11:31 AM ET

    VENICE, Italy— Florida's realtors and tourism authorities will probably not be using "99 Homes" in their promotional material. The Sunshine State looks pretty shady in Ramin Bahrani's Orlando- set drama, one of 20 films competing for prizes at the Venice Film Festival.

  • *FTSEurofirst 300 flat, Euro STOXX 50 down 0.1 pct. *Airlines down after volcano eruption in Iceland. LONDON, Aug 29- European shares were poised to end a positive August on a softer note on Friday after euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.

  • Fiat investor tally shows Chrysler deal on course Friday, 29 Aug 2014 | 7:49 AM ET

    ROME— Fiat says an ongoing tally of investors suggests there are not enough opposed to a merger with Chrysler to derail the deal. Fiat said that if investors cashed out more than 500 million euros in shares, the merger to create Fiat Chrysler Automobiles would be off. Fiat SpA will announce the final tally by Sept. 4.

  • BERLIN, Aug 29- Pilots at Lufthansa's budget carrier Germanwings staged a six-hour strike on Friday, disrupting travel plans of thousands of people returning from summer holidays and putting pressure on Lufthansa management in a pension scheme dispute.

  • *FTSEurofirst 300, Euro STOXX 50 up 0.1 pct. *Euro STOXX 50 set for best monthly gain since Feb. LONDON, Aug 29- European shares trimmed their early gains on Friday as euro zone inflation data slightly cooled market speculation about fresh monetary stimulus by the European Central bank.

  • BRUSSELS/ FRANKFURT, Aug 29- Euro zone inflation dropped as expected to a fresh five year low in August, data showed on Friday, something likely to concern the European Central Bank but not force it into immediate policy intervention.

  • Worrying eurozone inflation sags again to 0.3 pct Friday, 29 Aug 2014 | 5:03 AM ET

    FRANKFURT, Germany— Inflation in the 18 countries that use the euro sank to an annual 0.3 percent in August, a sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery.

  • EU ministers call for new sanctions against Russia Friday, 29 Aug 2014 | 4:32 AM ET

    MILAN— Several European Union foreign ministers on Friday accused Russia of invading eastern Ukraine and said Moscow should be punished with additional economic sanctions. The meeting of the 28- nation bloc's top diplomats in Milan came one day after NATO said Moscow slipped at least 1,000 Russian soldiers and much heavy weaponry into Ukraine.

  • Europe shares inch; Tesco sinks after warning Friday, 29 Aug 2014 | 4:30 AM ET

    *FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.5 pct. PARIS, Aug 29- European shares rose in early trade on Friday, recovering some of the ground lost in the previous session as investors awaited inflation figures that may shed light on the European Central Bank's next policy move.

  • *Decisions will help shape EU policy on economy, Ukraine. WARSAW/ BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk is seriously considering a proposal that he take the post of president of the European Council, a Warsaw government spokeswoman said on Thursday, linking his decision to the crisis in neighbouring Ukraine.

  • *EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favorite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.

  • *Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.

  • UPDATE 3-Vivendi picks Telefonica in GVT fight Thursday, 28 Aug 2014 | 8:46 AM ET

    PARIS/ MILAN, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia.

  • Polish PM Tusk favourite for top EU job - sources Thursday, 28 Aug 2014 | 5:32 AM ET

    *EU leaders to hold jobs summit on Saturday in Brussels. BRUSSELS/ PARIS, Aug 28- Polish Prime Minister Donald Tusk has emerged as clear favourite for the key post of president of the European Council when EU leaders meet for a special summit on Saturday, several sources familiar with the selection process said.

  • *Telefonica makes higher bid than Telecom Italia. PARIS/ MILAN, Aug 28- The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.