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  • 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.

  • PARMA, Italy, Dec 5- Italy's top appeals court on Friday threw out jail sentences against prominent bankers Cesare Geronzi and Matteo Arpe in a case related to the country's biggest corporate scandal, the 2003 collapse of dairy group Parmalat. Prosecutors said that, in return for a loan, Banca di Roma put pressure on Parmalat to buy Ciappazzi above the market price...

  • MILAN, Dec 5- Fiat Chrysler Automobiles began meeting U.S. investors on Friday after launching a $2.5 billion convertible bond issue and a share sale to reduce its debt pile and fund an ambitious investment plan. The newly created FCA, which moved its primary share listing to New York in October, wants to invest 48 billion euros over five years to turn Jeep, Maserati...

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • Record 4.16-pound truffle to be auctioned in NYC Thursday, 4 Dec 2014 | 4:11 PM ET

    NEW YORK— A 4.16- pound white truffle that's almost twice the size of the previous record holder is going on the auction block before it goes on the chopping block. Sotheby's will auction the enormous fungus in New York on Saturday. Instead it is selling the luxury item to benefit Citymeals-on-Wheels and the Children's Glaucoma Foundation.

  • More than $150 bln of oil projects face the axe in 2015 Thursday, 4 Dec 2014 | 12:12 PM ET

    *A fifth of projects at risk with oil at $80/ barrel- Rystad. *Some North Sea, Arctic and Gulf of Mexico fields on hold. Now the outlook for onshore and offshore developments- from the Barents Sea to the Gulf or Mexico- looks as uncertain as the price of oil, which has plunged by 40 percent in the last five months to around $70 a barrel.

  • European markets close: ECB QE  Thursday, 4 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a drop for European stocks on comments by the ECB's Mario Draghi.