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  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • *Athens forced to climb down and accept strict oversight. BRUSSELS, Feb 20- Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ratified once Greece's creditors are satisfied with a list of...

  • BRUSSELS, Feb 20- Italy's data privacy watchdog said Google Inc had agreed to it conducting inspections at its Californian headquarters, the first time a European Union regulator will make checks on the company inside U.S. territory. Google has been under investigation by several EU data protection authorities since it consolidated some 70 existing privacy...

  • BRUSSELS, Feb 20- Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said. An agreement removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area. European Union paymaster Germany, Greece's...

  • Fear grows in Europe as ISIS comes to Libya Friday, 20 Feb 2015 | 2:09 PM ET
    Members of the Libyan Police are seen on their vehicles as they prepare for deployment during the start of a security plan put forth by the government to increase security, Feb. 9, 2015, in Tripoli.

    ISIS operations in Libya are making headlines and inciting pronouncements from European officials, but the size of its reach is unclear.

  • MILAN/ LONDON, Feb 20- Telecom Italia posted a further fall in sales and profits on Friday but said the pace of decline was slowing as it steps up spending on faster fixed and mobile networks in Italy and Brazil. Outlining its new investment plan, the heavily indebted company said it would spend 14.5 billion euros in the next three years on laying more fibre optic...

  • *Der Spiegel says ECB making contingency plans for Grexit. BRUSSELS, Feb 20- Euro zone finance ministers drafted an outline agreement on Friday that could form the basis for extending Greece's financial rescue package, officials on both sides said. European Union paymaster Germany, Greece's biggest creditor, had demanded "significant improvements" in reform...

  • MILAN— Italian apparel company Benetton says it plans to offer financial compensation for the 2013 garment factory collapse in Bangladesh that killed 1,127 people, the worst tragedy to strike the global garment industry. Benetton said in a statement Friday that it will contribute to a fund established in early 2014 for victims. Unions campaigning on behalf...

  • CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Greeks confronting finance ministers from the eurozone. German PM Angela Merkel says she wants "significant improvement" from the Greeks.

  • NEW YORK— Spice seller McCormick& Co. is adding some Italian flavor to its lineup by paying up to $97 million for the more than century-old Drogheria& Alimentari. McCormick, whose headquarters are in Sparks, Maryland, said the deal will help it further expand into Europe. Drogheria& Alimentari has annual sales of about $57 million, McCormick said, with about 80...

  • PARIS, Feb 20- Spending by Russian tourists abroad has plunged, diving 51 percent in January after falling 44 percent in December because of the rouble's freefall, according to figures released by tax-refund company Global Blue. Last week, Jean-Francois Palus, No.2 at Gucci owner Kering, said the group's Italian tailor Brioni had witnessed a significant drop in...

  • European markets close: Big Greek offer  Thursday, 19 Feb 2015 | 11:37 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a big Greek offer and the response from Berlin.

  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • DIARY-Emerging Markets Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:02 PM ET

    ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. SINGAPORE- Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 Budget statement in the Parliament- 0500 GMT. JERUSALEM- Bank of Israel announces...

  • DIARY-Top Economic Events to March 4 Wednesday, 18 Feb 2015 | 7:01 PM ET

    FRANKFURT- Andreas Dombre, a board member of Germany's Bundesbank, to speak at International Bankers Forum- 1500 GMT. ROME- OECD Secretary General Angel Gurria will present the Economic Survey of Italy at a news conference with Economy Minister and Finance Minister Pier Carlo Padoan. LONDON- ECB Board member Yves Mersch takes part in a panel discussion on "The...

  • European markets close: ECB to vote on Greece  Wednesday, 18 Feb 2015 | 11:26 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the postponement of Greece's loan extension request and Germany's hard line on Greece.

  • LONDON, Feb 18- Greek stocks helped push a key pan-European equity index to a seven-year high on Wednesday, on expectations that Athens would reach an agreement with its international lenders. Greek shares climbed 1 percent after Greece's government confirmed it would ask on Wednesday for an extension to its loan agreement with the euro zone.

  • Greek deal optimism pushes European shares to 7-year high Wednesday, 18 Feb 2015 | 4:00 AM ET

    *Greek shares lead gains as Athens seen asking for loan extension. LONDON, Feb 18- Greek stocks helped push a key pan-European share index to a seven-year high on Wednesday on fresh optimism that Athens would reach an agreement with its international lenders. Shares in Italy and Spain, heavily indebted countries that are seen as coming under market pressure if...

  • LONDON, Feb 18- European shares rose on Wednesday, led by southern European indexes on fresh optimism that Greece would reach an agreement with its international lenders. Shares in debt-laden Italy and Spain, which were seen as coming under market pressure if Greece were to leave the euro zone, outperformed. "Greece is driving the market today," a senior trader in...

  • MILAN— In Milan's teeming commercial district, something unusual is happening this winter— Italians are shopping. Still, Renato Borghi, the president of the Italian fashion federation, is uneasy: shoppers, he notes, are relying on the seasonal discounts. Across Europe, companies are discounting to attract shoppers traumatized by years of recession and high...