CNBC's Simon Hobbs reports on all the market moving events in Europe today, including talks of sanctions against Russia and a ruling by The Hague against the Russian government to pay more to ex-Yukos shareholders.» Read More
*U.S., Britain to outperform peers in industrialised world. July 17- Global growth prospects have dimmed slightly, with the United States and Britain leading industrialised economies that are not generating much inflation even after years of aggressive monetary stimulus, Reuters polls found.
By Andreas Cremer and Agnieszka Flak. BERLIN/ MILAN, July 17- Fiat Chrysler has denied a magazine report saying it's in merger talks with Volkswagen, while the German carmaker said it had no takeovers on its agenda.
MILAN— Italian automaker Fiat and its main shareholder denied on Thursday a media report that the company is in merger talks with rival Volkswagen.
BERLIN/ MILAN, July 17- Volkswagen and Fiat Chrysler have denied a magazine report saying the two carmakers are in merger talks. Germany's Manager Magazin said on Thursday Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group that was formed this year from the merger of Italian and U.S. carmakers.
BRUSSELS, July 17- Euro zone countries must beware of bending budget rules in the quest for economic growth, the EU's new economics czar said on Thursday, suggesting some proposals from France and Italy sought too much leeway.
LONDON, July 17- Russia is stepping up a public relations effort in support of its controversial South Stream gas pipeline project to supply southern Europe, but a rival project to bring gas from Azerbaijan is also upping its game.
LONDON, July 16- Britain wants deeper reforms to the EU Emissions Trading System than those proposed by the European Commission and Germany, favoring canceling hundreds of millions of carbon permits over launching a tool to regulate market supply.
*New company will list on NYSE, delist from Milan. MILAN, July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $4.7 billion, shifting the lottery operator away from its struggling domestic market and making it a major player in the casino business.
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.
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.