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  • ROME— Smokers in Italy are now facing fines of up to 500 euros if they light up in a car with a child or pregnant woman— or if they toss a cigarette butt on the street— after new health and environmental laws went into effect Tuesday. Piergiorgio Benvenuti, president of EcoItalia Solidale, said about 11 million cigarettes are smoked every day in Rome, half of them...

  • ROME, Feb 2- Top executives of Italy's Meridiana Fly are meeting with the development minister in Rome on Tuesday to discuss the future of the ailing regional airline, amid speculation Qatar Airways could come to the rescue. "Talks are going on with Qatar Airways to let the carrier enter into capital," one source close to the matter said. Qatar Airways declined to...

  • European shares led lower by BP and UBS Tuesday, 2 Feb 2016 | 6:17 AM ET

    *FTSEurofirst 300 index falls 1.7 percent. LONDON, Feb 2- European equities fell sharply on Tuesday as crude oil prices slipped again on oversupply concerns and companies such as oil major BP disappointed on the earnings front. BP's dividend is a mile away from being covered by earnings and the market is saying that this is unsustainable, "said Steve Clayton, head...

  • ROME, Feb 2- British Foreign Secretary Philip Hammond said he was encouraged by the progress of negotiations with the European Union but cautioned that the proposals will probably need further work to be crafted into a deal at an EU summit later this month. Speaking just hours before the head of the European Council was to present "new settlement" proposals aimed...

  • European markets close Monday, 1 Feb 2016 | 11:30 AM ET
    European markets close: Banks, airlines on the move

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including merger activity in the Italian banks.

  • France calls on US to lift economic embargo on Cuba Monday, 1 Feb 2016 | 3:58 AM ET

    PARIS— France called on the U.S. to lift the economic embargo against Cuba during a historic state visit Monday by the Caribbean island's president aimed at boosting economic relations between Havana and Paris. "We appreciate France's traditional position in favor of the lifting of the economic, commercial and financial embargo from the United States...

  • European shares end week higher after BOJ rate move Friday, 29 Jan 2016 | 12:33 PM ET

    MILAN/ LONDON, Jan 29- European equities ended the week on a high after the Bank of Japan stunned markets on Friday by voting narrowly to introduce negative interest rates in a bid to revive inflation. Japan's central bank said it would charge 0.1 percent for excess reserves parked with it, an aggressive deflation-fighting policy pioneered by the European...

  • Led by Chief Executive Gualtiero Pasquarelli, Doc Generici ranks as one the leading suppliers of cheap generic drugs in Italy and competes with international players such as Teva and Sandoz, part of Swiss drugmaker Novartis. The London- based private equity house wants to cash out before a new wave of patent expirations takes place in Italy in 2017, hoping to...

  • MILAN/ LONDON, Jan 29- European equities looked set to end the week on a high after the Bank of Japan stunned markets on Friday by voting narrowly to introduce negative interest rates in a bid to revive inflation. Japan's central bank said it would charge 0.1 percent for excess reserves parked with it, an aggressive deflation-fighting policy pioneered by the...

  • MILAN, Jan 29- Italian banks, seeking to sell off bad loans without taking a damaging hit to their finances, will get a price 15-20 percent higher than they might have otherwise thanks to a state guarantee, a source close to the matter said. The Italian government is keen to help its banks offload an estimated 201 billion euros of bad loans racked up during a long...

  • DIARY-Top Economic Events to Feb 11 Thursday, 28 Jan 2016 | 7:01 PM ET

    SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams participates in panel before the Commonwealth Club, Bank of America Merrill Lynch Walter E. Hoadley Annual Economic Forecast event- 2030 GMT. PRAGUE- European Commission Vice President Valdis Dombrovskis, Slovak Finance Minister Peter Kazimir, Czech central bank Governor...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. The rebound in the oil market lifted share prices on Wall Street and other stock markets in another...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Wall Street indexes were mostly little changed after advancing earlier on a boost from the energy sector,...

  • European markets fall on Fed, downbeat data Thursday, 28 Jan 2016 | 11:29 AM ET
    European markets fall on Fed, downbeat data

    A look at all the market moving events in Europe today, including a gain in oil stocks.

  • MILAN, Jan 28- Concerns its updated business plan relies too heavily on a North American market near its peak sent shares in Fiat Chrysler Automobiles down more than 5 percent on Thursday. At 1145 GMT, Milan- listed Fiat Chrysler Automobiles shares were down 5.2 percent at 6.595 euros. FCA raised the financial targets of its turnaround plan on Wednesday, following...

  • LONDON, Jan 28- Uncertainty over the future path U.S. interest rates weighed on European stocks on Thursday, while the resignation of Japan's economy minister impacted currency markets, sending the yen higher. Japanese Economy Minister Akira Amari said he would step down from his post to deal with allegations, which he denies, that he received bribes from a...

  • DIARY-Top Economic Events to Feb 10 Wednesday, 27 Jan 2016 | 7:01 PM ET

    THURSDAY, JANUARY 28 HELSINKI- OECD to publish its economic survey of recession-hit Finland in a press conference with Finnish finance minister Alexander Stubb- 0830 GMT. BRATISLAVA- National Bank of Slovakia Governor Jozef Makuch participates in economic conference "Economic development of the Slovak economy expected in 2016", with presentation: The...

  • Such a deal would accelerate Rome's push for consolidation of Italy's banks, although it would be tricky to pull off as Popolare di Milano is already in the advanced stages of merger talks with Banco Popolare, the sources said. As well as helping Rome deliver on its promises to overhaul Italy's banking system, it would ensure Monte dei Paschi stays in Italian...

  • *Italy and EU agree scheme to help banks sell bad loans. ROME, Jan 27- Italy's deal with the European Commission to help its banks offload billions of euros of bad loans could give some respite to its beleaguered lenders but represents a complex compromise that could see take them significant losses on the debt. Many of the details of the accord struck late on...

  • European shares recover after late rally in oil Wednesday, 27 Jan 2016 | 1:00 PM ET

    LONDON, Jan 27- European shares recovered to finish slightly higher on Wednesday as a late surge in oil prices helped offset pressure on the broader market from a spate of weak earnings updates. Oil futures surged 5 percent, having opened lower, after Russia referred to possible co-operation with other major oil producers and as U.S. data showed a spike in demand...