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  • Eurozone's largest bank Santander names new CEO Tuesday, 25 Nov 2014 | 6:44 AM ET

    MADRID— Spain's Banco Santander, the eurozone's largest bank, has named Jose Antonio Alvarez as its new chief executive officer. The move comes just over a month after Ana Botin took over as chair of the bank after the death of her father, former chairman Emilio Botin. Banco Santander SA is the largest bank by market value in the 18- country eurozone.

  • Current CEO Javier Marin will leave the bank and be replaced by Chief Financial Officer Jose Antonio Alvarez. Botin, who ran the UK division of Santander before taking over from her late father Emilio Botin in September, needs to reassure investors that the bank's management has the energy and drive to maintain its industry-leading position, expand in new...

  • OECD sees gradual world recovery, urges ECB to do more Tuesday, 25 Nov 2014 | 5:30 AM ET

    PARIS, Nov 25- The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday. The United States and Britain will grow more strongly then the euro zone and Japan and, among emerging countries, India, Indonesia...

  • MADRID, Nov 24- The head of Germany's Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move. The remarks from Jens Weidmann, who also sits on the ECB's Governing Council, raise a further question mark over ECB President Mario...

  • ECB official calls for gov't action to help growth Monday, 24 Nov 2014 | 8:33 AM ET

    FRANKFURT, Germany— A member of the European Central Bank's rate-setting council has said monetary policy cannot boost long-term growth and called for reforms by governments to make the weak economy more investment-friendly. Jens Weidmann said in the text of a speech in Madrid on Monday that low interest rates and stimulus measures can boost short-term...

  • Airlines eye tech partners to tap customer data Friday, 21 Nov 2014 | 8:46 AM ET

    "Revenue from the ticket is barely covering costs these days," Uwe Klenovsky, Commercial Director of Thomas Cook Airlines, said at the CAPA World Aviation Summit in Antwerp. Airlines have been reluctant to publish all fares on all distribution channels, often keeping the lowest prices on their own websites, rather than eroding margins further by paying their GDS...

  • BRUSSELS, Nov 21- The dispute between Britain and Spain over Gibraltar threatens to hold up European Union plans to merge national air corridors, diplomats say. But a wrangle over the sovereignty of the isthmus that connects the British territory of Gibraltar to Spain could delay a deal even if all other issues are agreed upon, EU diplomats said.

  • *Telecom Italia board meeting on Brazil options. BARCELONA/ MILAN, Nov 21- Telecom Italia is set to sell mobile phone masts owned by its Brazilian unit for almost 900 million euros, sources said on Friday, as it considers possible acquisitions in the Latin American country. Two sources familiar with the matter said Telecom Italia was likely to sell its Brazilian...

  • Duchess of Alba, an unconventional aristocrat, dies Friday, 21 Nov 2014 | 2:38 AM ET

    The Duchess of Alba, a flamboyant Spanish aristocrat known for her lifestyle, died on Thursday in her palace in Seville, the NYT reports.

  • DIARY - Top economic events to Dec 4 Thursday, 20 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Board Governor Daniel Tarullo testifies on " Physical Commodities" before the Senate Homeland Security& Governmental Affairs permanent subcommittee on investigations in Washington- 1430 GMT. WASHINGTON- New York Federal Reserve Bank President William Dudley testifies to Senate Banking subcommittee on Financial...

  • BARCELONA, Nov 20- Liberty Global, Europe's biggest cable operator, plans to make "small, selective" acquisitions for content which help it make money from its core business of selling high-speed broadband and TV services, its finance chief said on Thursday. The turn towards content is a major move for Liberty, which has been a serial buyer of cable companies in...

  • European markets close: Brink of deflation     Thursday, 20 Nov 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a contraction for French manufacturing and Citi's call for full blown QE in January.

  • *Oil services bounce back on Technip's offer for CGG. France's CGG jumped 23 percent on news of a 1.47 billion euro takeover offer from larger rival Technip, a bid that CGG rejected. Technip shares fell 6.9 percent, while Fugro surged 5.6 percent, Saipem rose 4 percent and TGS gained 4.4 percent.

  • EU won't see benefits from Juncker plan: Pro     Thursday, 20 Nov 2014 | 2:30 AM ET

    Ludovic Subran, chief economist and director for economic research at Euler Hermes, says European Commission President Jean-Claude Juncker's 300 billion euro investment plan is not ambitious enough.

  • DIARY - Top economic Events to Dec 3 Wednesday, 19 Nov 2014 | 7:01 PM ET

    MADGEBURG, Germany- Bundesbank Vice President Claudia Buch speaks in Magdeburg, Germany- 1730 GMT. VIENNA- ECB Governing Council member Ewald Nowotny to speak on "Understanding of economic matters" in Vienna- 1700 GMT. FRANKFURT- EU Council President Van Rompuy, ECB Supervisory Board Chair Daniele Nouy, ECB Executive Board member Sabine Lautenschlaeger to take...

  • European markets close: Greek stability     Wednesday, 19 Nov 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for Greek stocks.

  • DIARY - Top economic Events to Dec 2 Tuesday, 18 Nov 2014 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of New York First Vice President Christine Cumming speaks before the ClearingHouse Annual Conference Payment System Risk Symposium- 1830 GMT. LONDON- Bank of England will release the minutes from its November policy meeting- 0930 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik will be present at the parliament's...

  • Yikes! Olive oil prices could soar on poor harvest Tuesday, 18 Nov 2014 | 11:47 AM ET
    Italy's 2014 olive harvest was declared by both producers and experts as the worst in history, due to adverse climatic conditions which helped the olive fly proliferate, thus destroying the olives before they could be harvested.

    If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather—and tiny insects.

  • European markets close: Draghi rally     Tuesday, 18 Nov 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a big rally after ECB president Mario Draghi's dovish comments on quantitative easing.

  • Blighted harvest drives olive oil price pressures Tuesday, 18 Nov 2014 | 2:19 AM ET

    BEJA, Portugal— If your favorite bottle of Mediterranean olive oil starts costing more, blame unseasonable European weather— and tiny insects. High spring temperatures, a cool summer and abundant rain are taking a big bite out of the olive harvest in some key regions of Italy, Spain, France and Portugal. In Spain, the world's biggest producer, the young farmers'...