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  • MILAN— Italian retailer OVS has announced that designer Jean Paul Gaultier will do a capsule collection that will be in stores in November. The collection will feature 60 pieces, including accessories, for both men and women with the label Jean Paul Gaultier for OVS. OVS has previously collaborated with Elio Fiorucci and Costume National, and most recently...

  • Strong earnings boost Europe stocks

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Taylor Wimpey trading "normal" after Brexit, LVHM boosting USA champagne sales and more.

  • MILAN— An Italian judge has indicted the Eni oil company, former CEO Paolo Scaroni and eight others on a charge of bribing an Algerian official to win an 8 billion euro contract. The court issued the indictment on Wednesday, months after Italy's highest court overturned another preliminary court ruling throwing out the case. Prosecutors allege that Scaroni and...

  • MILAN— Fiat Chrysler Automobiles on Wednesday raised its earnings forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America. The carmaker said it was raising its revenue forecast to above 112 billion euros from 110 billion euros, while increasing...

  • MILAN— About a month on from Britain's vote to leave the European Union, there's little evidence that economic activity across the continent has been derailed yet. That's some reassurance for the 19- country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc's third-largest economy. Nixon said "the more immediate challenge" for...

  • Italian banks don’t face systemic crisis, but need work: Pro

    William Hobbs, head of investment strategy UK and Europe at Barclays Wealth and Investment Management, says there’s a lot that needs to be done for Italy’s banks, and recapitalization won’t completely fix that.

  • BRUSSELS, July 26- European Union authorities are making contingency plans for the possible winding down of Banca Monte dei Paschi if the Italian lender has a poor reading in stress tests this week and no private or public support is available, an EU official said. The European Banking Authority, an EU agency, will announce on Friday results of the tests conducted...

  • *Vivendi confirms it now only wants 20 pct of pay TV. MILAN/ PARIS, July 26- French tycoon Vincent Bollore has backed away from a deal to buy the pay-TV business of Silvio Berlusconi's Mediaset in an unexpected move that the Italian broadcaster's biggest shareholder said could lead to a full takeover. Fininvest, the Berlusconi holding company that owns 35 percent...

  • Energy & banks weigh on Europe indices

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including French telecoms, BP earnings and U.K. movers.

  • Adds details, closing prices) Adds details, updates prices). MILAN/ LONDON, July 26 (Reuters)- Gains in major healthcare and consumer goods stocks propped up European equities on Tuesday, offsetting persistent concerns over the region's banking system. Berkeley Futures associate director Richard Griffiths said those stocks were benefiting from being...

  • MILAN, July 26- Vivendi has backed away from a deal to buy the pay-TV business of Mediaset in an unexpected move the Italian broadcaster's biggest shareholder said could mean that a full takeover was on the agenda. Mediaset, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said on Tuesday Vivendi had proposed an alternative...

  • MILAN— Italian bank Unicredit is overhauling its management as part of moves to improve the bank's financial health. Unicredit CEO Jean Pierre Mustier said the changes, announced Tuesday, are the first step "in the simplification of the group," with an aim to "streamline and improve its efficiency." Key appointments include GianniFranco Papa as general manager...

  • Adds details, closing prices) Adds details, updates prices). MILAN, July 26 (Reuters)- European shares fell slightly on Tuesday as weaker bank and oil sectors weighed, with Commerzbank among the biggest fallers after the German lender disappointed with a decline in second-quarter core capital. The pan-European STOXX 600 index was down 0.4 percent to 339.5 points...

  • Solar Impulse 2 makes its final approach for landing at Al Batin Airport in Abu Dhabi on July 26, 2016.

    The Solar Impulse 2 has landed more than a year after its initial take off, completing the first round-the-world flight powered by solar energy.

  • ROME/ MILAN, July 26- Specialist Italian pension funds have agreed to a government call to invest in bad bank loans, as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress test. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse scenario...

  • Have to solve very quickly the issue of BMPS: Professor

    Is the bad debt situation in Italy accelerating? Stefano Caselli, professor of banking and insurance at Bocconi University, weighs in about the state of Italy’s banks, in particular BMPS.

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a request to invest 500 million euros in bad bank loans as Rome works to build a safety-net around Italy's No. 3 lender Monte dei Paschi ahead of European bank stress tests. The Tuscan bank, which has one of the heaviest bad loan burdens in Italy, is likely to be found short of capital under an adverse...

  • *William Hill surges on bid interest. LONDON/ MILAN, July 25 (Reuters)- European shares inched higher on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals. Germany's DAX rose 0.5 percent after the IFO business morale survey showed the resilience of Europe's biggest...

  • German IFO falls less than expected after Brexit

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the German IFO falling less than expected after Brexit and more.

  • ROME/ MILAN, July 25- Specialist Italian pension funds will consider a government request to pour money into a bank bailout fund at a meeting on Monday, days before European stress tests are expected to show the country's third-largest lender is in need of urgent capital. Monte dei Paschi, Italy's third-biggest bank by assets, is likely to be found short of capital...