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  • From Ferragamo to Missoni, sneakers tread a trend Thursday, 11 Dec 2014 | 2:56 AM ET

    MILAN— Ferragamo creative director Massimiliano Giornetti knew sneakers had truly arrived as a fashion statement when, at a formal dinner in Rome, he spotted a former Italian senator of a certain age wearing them with a pinstripe suit. "It was not provocative," Giornetti said. "For many men, they treat sneaker purchases in exactly the same way they would treat shoe...

  • Ferrari looks to burnish brand value ahead of IPO Thursday, 11 Dec 2014 | 1:11 AM ET

    MILAN— Ferrari's sleek sports cars and souped-up Formula 1 racing machines have made the prancing horse logo among the world's most powerful brands. The Made-in- Italy luxury goods sector is abuzz over whether Marchionne's ambition could facilitate the creation of an alliance of high-end producers, one that might stand up to the French conglomerates like...

  • Fiat Chrysler prices share offering at $11 each Thursday, 11 Dec 2014 | 12:09 AM ET

    Dec 11- Fiat Chrysler Automobiles NV said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan. The mandatory convertible securities will be issued in denominations of $100 each and will be converted into FCA common shares on Dec. 15, 2016, it said.

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • Oil drives European markets lower  Wednesday, 10 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a record low for the 10-year German bund and expectations for ECB QE.

  • Police arrest mobsters in Italy's Umbria region Wednesday, 10 Dec 2014 | 11:07 AM ET

    ROME— Italian police have arrested 54 suspected mobsters in Umbria, where investigators say the southern' ndrangheta crime syndicate has infiltrated the solar panel industry and other "green economy" businesses. Wednesday's crackdown appeared to confirm that the syndicate, lush with cocaine revenue, has increasingly spread out from its base in Calabria to...

  • GM's Opel to take control of German parts centers Wednesday, 10 Dec 2014 | 7:16 AM ET

    BERLIN— General Motors Co.' s Opel unit says it will take full control of two auto parts distribution centers in Germany that are currently operated by a joint-venture company in which Opel holds a 20 percent stake. Opel board member Peter Christian Kuespert said in a statement Wednesday the company has "made a decision to consider replacement parts logistics a...

  • Greek stocks plunge ahead of elections  Tuesday, 9 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a plunge for Greek stocks.

  • BRUSSELS, Dec 8- Euro zone finance ministers told France and Italy on Monday to take quick steps to rein in their deficits in line with EU rules, threatening disciplinary action but also indicating some wiggle room might be given. France is also facing criticism for badly missing its 2014 targets. But if still found wanting on consolidation then, France could be...

  • European markets close: Italian debt  Monday, 8 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a messy deal in Europe's materials sector and Italian bonds rise despite the S&P's ratings cut.

  • LONDON, Dec 8- Italy's borrowing costs rose slightly on Monday after its credit rating was cut nearly to junk though prospects of stimulus from Europe's central bank tempered the increase. Standard& Poor's downgraded Italy's rating to BBB- from BBB late on Friday, saying weak growth and poor competitiveness undermined the sustainability of its huge public...

  • Barenboim bids La Scala farewell with 'Fidelio' Monday, 8 Dec 2014 | 7:04 AM ET

    MILAN— Daniel Barenboim emerged triumphant from his last gala season opener as music director of La Scala on Sunday, bringing the entire orchestra on stage to bask in a standing ovation. The gala mood inside for the season opener "Fidelio" contrasted with protests outside that turned violent as the curtain rose on one of the most glittering events on Europe's...

  • In an interview with German newspaper Die Welt on Sunday, Merkel called on Italy and France to enact additional measures ahead of a March ruling by the European Commission on whether their budgets conform with the bloc's deficit and debt rules. "If you look at the news and what has been done in the countries over the past weeks then you see that Italy, for example, has...

  • Italy: A further downgrade would be a problem  Monday, 8 Dec 2014 | 4:00 AM ET

    S&P downgraded its rating on Italian debt down to 'BBB -'. Charles Diebel, head of Macro Strategy at Aviva Investors, says that unless there's a further downgrade, Italy doesn't need to worry.

  • PARIS, Dec 8- European shares fell in early trading on Monday, trimming some of the previous session's sharp gains, following soft macro data from China and Japan while Italian shares dropped after S&P downgraded the country's credit rating. Milan's MIB index was down 0.7 percent, with Banco Popolare down 1.3 percent and BMPS down 0.9 percent.

  • BERLIN, Dec 7- Italy and France expressed irritation on Sunday with a call from Chancellor Angela Merkel for them to do more to bring their budgets into line with EU rules, telling the German leader to focus on her own economic woes instead of lecturing others. In an interview with German daily Die Welt, Merkel had called on Italy and France to enact additional...

  • UPDATE 1-Italy hits back at Merkel over reform dig Sunday, 7 Dec 2014 | 10:58 AM ET

    BERLIN/ ROME, Dec 7- Italy reacted angrily on Sunday to demands from Chancellor Angela Merkel that it enact more reforms to bring its 2015 budget in line with EU fiscal rules, saying the German leader's time would be better spent resolving economic problems at home. In an interview with German daily Die Welt, Merkel had called on Italy and France to enact additional...

  • Monster truffle sells for more than $61,000 Sunday, 7 Dec 2014 | 12:47 AM ET

    A record-setting 4.16-pound white truffle was sold for $61,250 at a New York City auction Saturday to a food and wine lover from Taiwan.

  • Record 4.16-pound truffle sells for $61,250 in NYC Saturday, 6 Dec 2014 | 1:58 PM ET

    NEW YORK— A record-setting 4.16- pound white truffle has sold for $61,250 at a New York City auction. Sotheby's says the fungus was sold Saturday to a food and wine lover from Taiwan bidding by phone. Instead, it chose to auction the truffle in New York to benefit Citymeals-on-Wheels and the Children's Glaucoma Foundation.

  • DIARY- Top Economic Events to Dec 19 Friday, 5 Dec 2014 | 7:01 PM ET

    ATLANTA, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on economic outlook and monetary policy before the Council for Quality Growth- 1730 GMT. LONDON- Bank of England holds quarterly financial policy committee meeting. BRUSSELS- Meeting of euro zone finance ministers to discuss 2015 draft budgets.