Europe Top News and Analysis Italy

  • ROME, Sept 27- Italy on Tuesday cut its economic growth forecasts and sharply hiked its target for the 2017 budget deficit for the second time in five months, setting up a potential clash with Brussels. The European Commission has urged Rome not to ease up on previously agreed fiscal targets, but the euro zone's third largest economy has slowed and posted no growth...

  • A passenger boards an Avis shuttle bus at Los Angeles International Airport.

    Shares of Avis Budget Group fell more than 8 percent on a volume spike, following comments made Tuesday about weaker European demand in August.

  • Bank sector weakness drags down European stocks

    CNBC's Seema Mody reports on all the market moving events in Europe today, including a sell-off in European banks.

  • PARIS, Sept 27- Paris Fashion Week displayed colourful and tropical-inspired creations from Paule Ka and layered printed and patterned looks by Dutch designer Liselore Frowijn as it opened on Tuesday. Several designers will make their debuts for some of the world's top luxury labels in Paris, which is the final leg of the womenswear spring/summer 2017...

  • Shares in Deutsche Bank, which faces as much as $14 billion in fines from the U.S. Justice Department, traded at all-time lows on Monday after a report that German Premier Angela Merkel had ruled out state aid. Few expect Deutsche to end up paying a sum close to $14 billion to settle its U.S. ledger over sales of mortgage-backed securities. This is in no small part...

  • BERLIN/ PARIS, Sept 27- He's rude about Brussels, calls Berlin stingy with cash and Paris mean on helping refugees; he threw a tantrum this month that broke a summit facade of EU unity after the shock of Brexit. There is plenty about Matteo Renzi, Italy's 41- year-old prime minister, for fellow European Union leaders to dislike. This would raise new questions about...

  • BERLIN/ PARIS, Sept 27- He's rude about Brussels, calls Berlin stingy with cash and Paris mean on helping refugees; he threw a tantrum this month that broke a summit facade of EU unity after the shock of Brexit. There is plenty about Matteo Renzi, Italy's 41- year-old prime minister, for fellow European Union leaders to dislike. This would raise new questions about...

  • LONDON, Sept 27- Italian bond yields fell to a 2-1/ 2- week low on Tuesday after the government pushed back the date for a high stakes vote until December, potentially giving it more time to win over a sceptical electorate. Prime Minister Matteo Renzi has repeatedly pledged to resign if voters reject the referendum on constitutional reform, but most recent opinion...

  • The Italian referendum could be a game changer: Economist

    Fergus McCormick, chief economist & co-head of sovereign ratings at DBRS, shares his view on the upcoming Italian referendum

  • MILAN— Milan Fashion Week made way for young talent on the last day of preview shows for next spring and summer Monday. After Giorgio Armani ceded his usual spot anchoring the last day of fashion week this round, the Milan fashion chamber officials put the spotlight on the next generation of designers. Highlights include shows by Mila Schoen, San Andres and...

  • 76% of UK CEOs would consider leaving UK after Brexit: KPMG

    CNBC's Seema Mody reports on all the market moving events in Europe today, including Deutsche Bank sliding to record low on capital worries and how Moody's downgrades Turkey to junk status.

  • ROME— Italian officials warned Monday that Switzerland could face consequences after voters in the border canton of Ticino approved a referendum calling on authorities to grant preference to Swiss workers over foreigners in employment. Fifty-eight percent of Ticino voters on Sunday approved the measure, an outgrowth of the Swiss nationalist efforts to...

  • European governments to take more relaxed attitudes towards deficits

    Robert Smithson, investment director at GAM, discusses the European banking environment, saying that the "pendulum of pessimism" has swung too far against eurozone banks.

  • MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari gives welcome remarks before the fourth "Ending Too Big to Fail" symposium- 1330 GMT. BRUSSELS- European Central Bank President...

  • MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari gives welcome remarks before the fourth "Ending Too Big to Fail" symposium- 1330 GMT. BRUSSELS- European Central Bank President...

  • Secretary of State John Kerry and his counterparts from the European Union, United Kingdom, France, Germany and Italy meet at Tufts University to discuss a range of issues- 1545 GMT. MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal...

  • Secretary of State John Kerry and his counterparts from the European Union, United Kingdom, France, Germany and Italy meet at Tufts University to discuss a range of issues- 1545 GMT. MONDAY, SEPTEMBER 26 BELLINGHAM, United States- Bank of Canada Governor Stephen Poloz gives a speech at Western Washington University- 2300 GMT. MINNEAPOLIS, United States- Federal...

  • MILAN, Sept 23 (Reuters)- European shares ended weaker on Friday, pulling back from two-week highs in the previous session after the Federal Reserve signalled an increasingly cautious approach to future rate hikes, with banks leading sectoral fallers. The pan-European STOXX 600 index ended 0.7 percent lower, retreating after closing at its highest level since...

  • FRANKFURT, Sept 23- Innogy, the renewables, network and retail business of utility RWE, could fetch up to 5 billion euros when it lists next month to become Germany's biggest IPO since the tech boom at the turn of the millennium. RWE's debt is 28.3 billion euros, E.ON' s 25.5 billion. By pooling and listing its healthy assets-- grids, retail and renewables-- as a separate...

  • 3 month anniversary of the Brexit referendum

    CNBC's Seema Mody reports on all the market moving events in Europe today, including tourism spending in the United Kingdom climbing after the Brexit vote.