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  • ECB Keeps Options Open on Rate Hike - Sources Friday, 24 Aug 2007 | 9:51 AM ET

    The European Central Bank is not set on raising rates in September, and its recent reference to its Aug. 2 policy statement was intended to keep options open, national central bank officials have told Reuters.

  • France Says September ECB Rate Rise Not Done Deal Friday, 24 Aug 2007 | 8:43 AM ET

    France on Friday kept up the pressure on the European Central Bank to take account of global financial market turmoil and economic growth when setting interest rates, and said a September rate rise was not a done deal.

  • Euro Zone August Growth Dips, Confidence Hit Friday, 24 Aug 2007 | 6:44 AM ET

    Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.

  • Coca-Cola HBC Second-Quarter Profit Rises 17% Thursday, 9 Aug 2007 | 4:05 AM ET

    Coca-Cola Hellenic Bottling, the world's second-largest Coke bottler outside the United States, said Thursday that second-quarter net profit rose 17% due to favorable weather conditions.

  • Borsa Italiana Shareholders Favor Takeover Wednesday, 8 Aug 2007 | 6:37 AM ET

    Shareholders in Borsa Italiana voted Wednesday in favor of a change in their rules necessary for a 1.63 billioneuros  ($2.19 billion) takeover by the London Stock Exchange to go ahead.

  • Alitalia Shares Drop After Chairman Resigns Wednesday, 1 Aug 2007 | 6:42 AM ET

    Alitalia shares fell more than 3% Wednesday, following the resignation of Chairman Berardino Libonati after less than six months with the troubled airline.

  • Italy Can't Sell Alitalia Through Talks Monday, 30 Jul 2007 | 7:07 AM ET

    Italy cannot hold private talks to sell Alitalia, the economics minister said, as the government struggles to decide what to do with the loss-making carrier.

  • Italian Oil Comapny Eni Reports 1.5% Drop in Profit Thursday, 26 Jul 2007 | 4:20 AM ET

    Italian oil and natural gas company Eni said Thursday second-quarter net profit fell 1.5 percent due to an increase in exploration costs and warm weather cutting into demand at its gas and power division.

  • Air France-KLM Mum on New Alitalia Report Tuesday, 24 Jul 2007 | 5:04 AM ET

    Air France-KLM declined  comment on Tuesday on the latest in a series of newspaper  reports that it remains interested in bidding for Alitalia.

  • Italy may still find a buyer for Alitalia after its auction to sell the company failed, but the government still faces the possibility of having to liquidate the country's flagship airline, analysts and officials said Thursday.

  • Italy Government Presses on With Alitalia Bid Wednesday, 18 Jul 2007 | 5:39 AM ET

    The Italian government said Wednesday that it was pressing on with its troubled plans to privatize Alitalia, with one potential bidder still in the running, but warned it may change its plans as it continues to seek a way to secure a future for the ailing airline.

  • Prada in Talks on Possible Buyout: Paper Sunday, 8 Jul 2007 | 9:09 AM ET

    Clothing tycoon Richard Caring is in talks to buy family-owned Italian fashion house Prada in a deal worth up to 2 billion euros ($2.7 billion), London's Sunday Times reported.

  • EU Approves Takeover of Spain's Endesa Thursday, 5 Jul 2007 | 7:07 AM ET

    European Union antitrust regulators approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel on Thursday.

  • The Italian government is studying alternatives regarding the future of the troubled airline Alitalia if the privatization of the company fails, the daily Il Sole 24 Ore said without giving a source.

  • Judge Won't Cut New Parmalat From Suit Tuesday, 3 Jul 2007 | 2:01 AM ET

    Parmalat can be sued by shareholders in a suit involving its predecessor company, Parmalat Finanziaria's collapse into bankruptcy in 2003, a judge ruled.

  • Aeroflot Pull-Out Threatens Alitalia Sale Wednesday, 27 Jun 2007 | 8:51 AM ET

    Russian airline Aeroflot pulled out of the bidding for Alitalia on Wednesday, leaving Rome's auction of the unprofitable airline in danger of collapse with just two players left.

  • London Stock Exchange to Buy Borsa Italiano Sunday, 24 Jun 2007 | 11:40 AM ET

    The London Stock Exchange is to buy its Italian counterpart for 1.6 billion euros ($2.15 billion), the two exchanges confirmed in a statement on Saturday, the latest step in a global nsolidation of exchanges.

  • Italian Stock Exchange Backs LSE Bid: Source Friday, 22 Jun 2007 | 12:48 PM ET

    Borsa Italiana has backed a 1.6 billion euro ($2.14 billion) takeover by the London Stock Exchange, said a person close to the situation, bringing closer a deal that could boost the LSE's own bid defenses.

  • Alitalia Auction Stumbles as Finale Looms Monday, 18 Jun 2007 | 12:00 PM ET

    Alitalia's auction risks fizzling out altogether as it enters the final stretch, leaving the Italian government with the bleak prospect of pumping more cash into the unprofitable airline to keep it flying.

  • French PM on Future of Gaz de France: Report Friday, 15 Jun 2007 | 6:54 AM ET

    French Prime Minister Francois Fillon said in an interview published Friday that decisions on the future of state-owned Gaz de France -- including whether to go ahead with its merger with Suez -- will be made "in the coming weeks."