• 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.

  • 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...

  • 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.

  • *Europe shares slide, Wall Street subdued. LONDON, Dec 4- The euro and bond yields in the currency bloc spiked and shares stumbled on Thursday after the European Central Bank stuck to its line that it will judge early in 2015 whether more action is needed to revive the euro zone economy. Markets had been hoping for firmer details on if and when the central bank will...

  • Does the coffee king think Italy needs changes?  Thursday, 4 Dec 2014 | 7:15 AM ET

    With the Italian Senate passing Renzi's controversial jobs act, Andrea Illy, CEO and president of illycaffè & President of Altagamma agrees with Renzi saying that Italy is changing and that radical reforms are needed In Italy.

  • MILAN, Dec 3- Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop glasses that combine its top fashion brands with technology that could allow wearers to access information about their health or location. Intel is also involved in the Google Glass project as its chips will replace components from Texas Instruments in the new version...

  • European markets close: Euro's fresh low  Wednesday, 3 Dec 2014 | 11:24 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the ECB's decision to start sovereign QE in March as the euro hits a 2-year low.

  • Four-pound white truffle could fetch $1M Tuesday, 2 Dec 2014 | 4:17 PM ET
    Sabatino Truffles

    A company that sells truffles said it is auctioning off a huge truffle in New York with proceeds that will go to charity.

  • European markets close: Russia scraps gas pipeline  Tuesday, 2 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a record high for the German Dax and Russia scraps plans for a gas pipeline project.

  • The oil that's actually soaring 30 percent Monday, 1 Dec 2014 | 12:35 PM ET
    Tuscan bread is topped with fresh olive oil for a taste during the harvesting of olives at the Castello La Leccia estate on in Castellina in Chianti (Siena), Italy

    Olive oil prices are soaring 30 percent, thanks to a hot European summer that severely hurt production, the Daily Mail reported.

  • European markets close: Greece bailout  Monday, 1 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the outlook for European oil and gas stocks, and if Greece will exit its bailout early.

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /10.30 AM ET Monday, 1 Dec 2014 | 10:43 AM ET

    Asia, Europe, U.S. factory activity slows despite price cuts. LONDON/ SYDNEY/ NEW YORK- Manufacturing growth across Asia, Europe and the U.S. slowed in November as heavy price cutting failed to revive demand, surveys shows, more evidence that a feeble global recovery may be grinding to a halt. LONDON- Oil prices hit five-year lows as slowing factory activity in China...

  • Euro zone companies come home as Asian costs rise Monday, 1 Dec 2014 | 6:37 AM ET

    *Some production returns to Europe as China wages rise. MILAN, Dec 1- After years of moving production to Asia, some European companies are following the example of their U.S. counterparts and coming home. But companies are tiptoeing back to their home regions, driven by rising salaries in China that are eating away at the profit margins that once lured them abroad.

  • European markets close: Oil majors negative  Friday, 28 Nov 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including euro zone inflation and deflation in Spain.

  • MILAN, Nov 28- A loyalty scheme that would increase the voting power of Ferrari shareholders is one option parent Fiat Chrysler Automobiles will consider when it spins off the luxury marque next year, Chairman John Elkann said on Friday. Fiat introduced such a scheme when it merged into Dutch-registered FCA this year, rewarding its own long-term investors and...