CNBC's Simon Hobbs reports on all the market moving events in Europe today, including gains for European banks and a sales miss for Unilever.» Read More
Italy’s banks are “quite well-prepared” for the upcoming European stress tests, the second-in-command at the central bank told CNBC.
ROME, July 16- Federica Mogherini is the front runner to be nominated on Wednesday as the European Union's new foreign policy chief for five years, even though the 41- year-old has only been Italy's foreign minister since February.
LAS VEGAS— The Italian lottery operator Gtech is buying slot machine maker International Game Technology for $4.7 billion in cash and stock. Gtech said last month that it was in talks with the Las Vegas company and IGT said at the time that it was weighing its options.
MILAN- July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $6.4 billion including debt, shifting the lottery operator's centre of gravity away from its struggling domestic market.
STRASBOURG, France, July 15- Jean-Claude Juncker won a wide endorsement from the European Parliament on Tuesday to be the next head of the executive European Commission after setting out a "grand coalition" investment programme to help revive Europe's economy.
The entire operation to remove the Concordia from the reef and float it to Genoa, where it will be scrapped, will cost a total of 1.5 billion euros, Costa Crociere SpA CEO Michael Tamm told reporters. It's about 200 nautical miles to Genoa and the trip is expected to take five days.
Most of the cuts he suggested in a 72- page review of Italy's public administration- an unpublished tome seen by Reuters that picks apart services ranging from disability benefits to policing- appear to have been ignored by Matteo Renzi's government.
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.
*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.
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.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including the possible restructuring of Banco Espirito Santo and the selloff in Portugal.
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.
CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a down day for Portuguese stocks and a lift for Lufthansa.
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.
CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including a decline for German exports.
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.