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  • BRUSSELS, Oct 28- The European Commission called tweaks to France and Italy's 2015 budgets "useful and constructive" on Tuesday as it prepared to decide whether the countries' efforts to curb their deficits have been enough to meet EU rules. "We are still analyzing the information that was sent to us by Italy and France in particular," a Commission spokesman said on...

  • *Kiev in dire need of cash to pay gas bills. KIEV, Oct 28- Ukraine is unlikely to receive a second tranche of a $17- billion loan programme from the International Monetary Fund this year as expected, Finance Minister Oleksander Shlapak said on Tuesday, in the latest economic blow to the debt-ridden country. Ukraine, which has been fighting pro-Russian separatists...

  • France bends to EU request, will revise its budget Monday, 27 Oct 2014 | 2:17 PM ET

    PARIS— France's finance minister says the government will revise its 2015 budget after the European Union objected to the country's flouting a deficit deal. France is under pressure to get its public finances in order after admitting that its 2015 budget would break promises to bring its deficit below the EU limit of 3 percent of gross domestic product within...

  • PARIS/ ROME, Oct 27- France and Italy unveiled plans on Monday to trim their deficits more than previously planned in last-minute pitches to get clemency from the European Commission on their 2015 budgets. The European Union's executive arm has until Wednesday to decide whether to reject France and Italy's 2015 draft budgets for failing to make sufficiently...

  • France to trim 2015 budget deficit further Monday, 27 Oct 2014 | 11:32 AM ET

    PARIS, Oct 27- The French government plans to cut its budget deficit by an additional 3.6- 3.7 billion euros next year, Finance Minister Michel Sapin said on Monday, adding that this should allow Paris to respect EU-deficit rules. Together the cost-savings and extra measures should allow France to reduce its structural deficit, which excludes the impact of...

  • Italian banks hit hard by European test results Monday, 27 Oct 2014 | 7:31 AM ET

    FRANKFURT, Germany— Europe's far-reaching review of bank shares set off sharp drops in the shares of Italian lenders on Monday after several of them failed the year-long exercise's test of financial strength. Though most of the banks that failed the review were in Europe's economically weaker countries, the results also raised questions about several banks...

  • *Italy in spotlight after nine of its banks fail. FRANKFURT, Oct 26- Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. Painting a brighter picture than had been expected, the ECB found the biggest problems in Italy, Cyprus and...

  • *Italy in spotlight after nine of its banks fail. FRANKFURT, Oct 26- Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. Painting a brighter picture than had been expected, the ECB found the biggest problems in Italy, Cyprus and...

  • *Italy in spotlight after nine of its banks fail. FRANKFURT, Oct 26- Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday. The ECB found the most critical problems to be in Italy, Cyprus and Greece but concluded that banks' capital...

  • 13 Europe banks flunk test, must find 10B euros Sunday, 26 Oct 2014 | 7:02 AM ET

    FRANKFURT, Germany— The European Central Bank says 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and need an extra 10 billion euros to cushion themselves against any future crises. Although the landmark review identified only a handful of weak banks, ECB officials said Sunday that it was tough enough to ensure Europe's...

  • *Italy, France want more spending room despite EU budget rules. With a recovery coming to a halt in the second quarter and depressed prices reflecting near record unemployment, France and Italy want to shift away from the spending cuts that marked the bloc's response to the 2009-2012 crisis. France and Italy are pushing for more spending room in their budgets in...

  • LAURA, Russia, Oct 24- Russian President Vladimir Putin issued a plea to the European Union and United States on Friday, asking them to help cash-strapped Ukraine raise funds to pay for Russian gas purchases and warning about escalation of the gas crisis. He also said he hoped a deal would be reached next week with Ukraine to end a long-running dispute in which...

  • BERLIN, Oct 24- German Chancellor Angela Merkel thanked ECB President Mario Draghi for spelling out to leaders at an EU summit that governments must play a role in boosting the faltering euro zone economy, and said it was their firm intention to do so. "I am very thankful to Mario Draghi for holding up a mirror for us once again," Merkel told a news conference in...

  • *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession". After the bloc's revival came to a halt in the...

  • *Paves the way for U.N. talks in Paris next year. The EU's 2030 goal should inject momentum ahead of a U.N. summit to be hosted by Paris in 2015 to seek a global pact on curbing climate change. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, tweeted the decision gave "valuable momentum for Paris 2015".

  • *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession." After the bloc's revival came to a halt in the...

  • *Paves the way for U.N. talks in Paris next year. The EU's 2030 goal should inject momentum ahead of a U.N. summit to be hosted by Paris in 2015 to seek a global pact on curbing climate change. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, tweeted the decision gave "valuable momentum for Paris 2015.".

  • WHO: Millions of Ebola vaccine doses ready in 2015 Friday, 24 Oct 2014 | 8:50 AM ET

    Still, the agency warned it's not clear whether any of these will work against the deadly virus that has already killed at least 4,877 people this year in West Africa. Trials of those two most advanced vaccines— one developed by GlaxoSmithKline in cooperation with the U.S. National Institutes of Health, the other developed by the Canadian Public Health Agency...

  • Wabco tops 3Q profit forecasts Friday, 24 Oct 2014 | 7:42 AM ET

    BRUSSELS _ Wabco Holdings Inc. on Friday reported net income of $82 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. Wabco expects full-year earnings in the range of $5.45 to $5.55 per share.

  • "A hope was expressed that the next round of three-party consultations between officials from Russia, Ukraine and the European Union on Oct. 29 in Brussels will be productive," the Kremlin's press service said in a statement.