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  • *Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.

  • UPDATE 3-Vivendi picks Telefonica in GVT fight Thursday, 28 Aug 2014 | 8:46 AM ET

    PARIS/ MILAN, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, choosing the Spanish group over a rival bid from Telecom Italia.

  • *Telefonica makes higher bid than Telecom Italia. PARIS/ MILAN, Aug 28- The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.

  • Vivendi, Telefonica in talks over Brazil business Thursday, 28 Aug 2014 | 5:02 AM ET

    MADRID— French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised its offer to 7.45 billion euros from 6.7 billion euros.

  • PARIS, Aug 28- The battle over Brazil's telecoms market ratcheted up on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband unit GVT.

  • DIARY -Top Economic Events to Sep 10 Wednesday, 27 Aug 2014 | 8:01 PM ET

    LUGANO, Switzerland- Swiss National Bank Vice President Jean-Pierre Danthine speaks at the UBS Session: The Role of Finance in Society- 1130 GMT. LJUBLJANA- Bled Strategic Forum 2014 in Slovenia.

  • RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.

  • MADRID/ PARIS, Aug 27- The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.

  • Spanish chain pulls kids' shirt after outcry Wednesday, 27 Aug 2014 | 9:22 AM ET

    MADRID— Spanish fashion retailer Inditex said Wednesday it has withdrawn a children's shirt that triggered an outcry from people who said it was reminiscent of the clothes Jews were made to wear at Nazi concentration camps.

  • UPDATE 2-Brazil telecoms battle heats up as Oi steps in Wednesday, 27 Aug 2014 | 7:31 AM ET

    MADRID/ PARIS, Aug 27- The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.

  • European markets close: Euro zone rallies     Monday, 25 Aug 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for the euro zone after Mario Draghi signals stimulus and a rise for Italian stocks.

  • Germans back Spanish minister for euro finance job Monday, 25 Aug 2014 | 8:09 AM ET

    MADRID— German Chancellor Angela Merkel says her country will back Spanish Economy Minister Luis de Guindos's candidacy to be the next head of the Eurogroup, the gathering of eurozone finance ministers that sets important policies for the currency union.

  • European markets close: Rally over     Friday, 22 Aug 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a consolidation for European stocks and a decline for Russia related stocks.

  • YOUR MONEY-Top travel tips for a hassle-free journey Thursday, 21 Aug 2014 | 12:11 PM ET

    Aug 21- When is the best time to book a trip to Walt Disney World? During a Twitter discussion on Aug. 19 hosted by Reuters, a panel of experts fielded questions about travel. The panel comprised Brian Kelly, who runs ThePointsGuy.com; Tim Winship, editor and publisher of FrequentFlier.com, and Jason Cochran, editor of Frommers.com.

  • European markets close: Euro zone PMI falls     Thursday, 21 Aug 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including, a dip for euro zone PMI and Italian banks rise.

  • European markets close: Euro falls     Wednesday, 20 Aug 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a consolidation for European stocks after a two day rally and the euro breaks below $1.33.

  • European markets close: Rally day 2     Tuesday, 19 Aug 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the rebound of the German DAX and weaker U.K. inflation eases rate pressure.

  • European markets close: Europe rises     Monday, 18 Aug 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for European stocks as Ukraine tensions ease and London home owners slash prices.

  • *Partners strikes first buyout in China. HONG KONG, Aug 18- Swiss investment manager Partners Group Holding AG has agreed to buy the majority of China- focused elevator guide rail maker Savera Group for around 2 billion yuan, people with knowledge of the matter told Reuters.

  • HONG KONG, Aug 18- Swiss investment manager Partners Group Holding AG has agreed to buy the majority of Spanish elevator guide rail maker Savera Group for around 2 billion yuan, people with knowledge of the matter told Reuters.