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. » Read More
*Italy- Germany bond yield spread lowest in three weeks. *EU states back deficit procedure for Spain, Portugal. LONDON, July 12- Italian government borrowing costs narrowed the gap with benchmark Germany to the tightest level in three weeks on Tuesday, as Italy moved closer to a deal with the EU executive to safeguard its struggling banks.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the rally in the sterling ahead of the United Kingdom's new Prime Minister Theresa May beginning her role tomorrow.
European Union finance ministers endorsed sanctions on Spain and Portugal for breaching European rules on budget deficit targets on Tuesday.
*Rome aiming to approve bad loan guarantee next month. *EU states back deficit procedure for Spain, Portugal. LONDON, July 12- Italian government borrowing costs edged lower on Tuesday, narrowing the gap with benchmark Germany, as Rome moved closer to a deal to safeguard the country's struggling banks.
European Commissioner for Economic and Financial Affairs, Pierre Moscovici talks about the potential for imposing sanctions on Spain and Portugal, and how the European Commission wants to go about it.
LONDON, July 11- Britain's Rolls-Royce said it would buy the outstanding 53.1 percent shareholding in aircraft engine and components firm Industria de Turbo Propulsores owned by SENER Grupo de Ingeniería for 720 million euros. Rolls-Royce said the agreement allowed it the flexibility to settle up to 50 percent of the purchase price in shares.
CNBC's Michelle Caruso-Cabrera reports on all the market moving events in Europe today, including European auto shares, Italian banks and consumer morale in the United Kingdom.
José María Roldán, chairman of the Spanish Banking Association, shares his view on the Italian banking crisis and what needs to be done.
*Spain, Portugal failed to correct excessive deficits in 2014-15. *Spain says will escape fine, set a new fiscal path. BRUSSELS, July 7- The European Commission began formal disciplinary procedures against Spain and Portugal on Thursday for their excessive deficits in 2014 and 2015, which may lead to fines for the two countries before the end of July.
The European Commission began formal disciplinary procedures against Spain and Portugal on Thursday for their excessive deficits in 2014 and 2015.
THURSDAY, JULY 7 MADRID- European Central Bank board member Vitor Constancio gives a lecture on "Challenges for the European Banking Industry at an event entitled" European Banking Industry: What's Next? MADRID- European Central Bank board member Sabine Lautenschlaeger gives opening remarks during a roundtable discussion with Spanish banks- 1000 GMT.
The Barcelona striker and his father were found guilty of three counts of tax fraud.
WEDNESDAY, JULY 6 VESTAL, United States- Federal Reserve Bank of New York President William Dudley meets with Binghamton University researchers and Southern Tier Regional Economic Development Council members to discuss economic development projects, and tours the BU Innovate Technologies Complex- 1200 GMT. FRANKFURT- European Central Bank governing...
*EBA and EMA agencies seen leaving London post Brexit. *Milan mayor visits London as EU cities promote themselves. MILAN/ LONDON, July 5- Milan's new mayor Giuseppe Sala will fly into London on Wednesday, stepping up a battle between European cities competing to wrest two prestigious European Union agencies from London in the wake of Britain's vote to leave the...
FRANKFURT- European Central Bank board member Sabine Lautenschlaeger speaks at the Eighth ECB Statistics Conference- "Central Bank Statistics: moving beyond the aggregates"- 1700 GMT. FRANKFURT- European Central Bank board member Yves Mersch speaks on the occasion of the unveiling of the new 50- euro banknote at the European Central Bank- 1205 GMT.
MONDAY, JULY 4 BARCELONA, Spain- European Central Bank board member Ignazio Angeloni speaks at the Caixabank Lecture Series at Caixabank- 0910 GMT. Speakers: ECB President Mario Draghi and board members Peter Praet and Sabine Lautenschlaeger, ECB board member and Central Bank of the Republic of Turkey Former Deputy Governor Turalay Kenc and Bank of Greece...
ZURICH, July 2- Swiss drugmaker Roche plans to cut around 350 IT jobs by the end of 2017, a spokesman said on Saturday, confirming a report by the Basler Zeitung newspaper. Roughly 100 positions will be cut in Switzerland with another 100 in the United States, the spokesman said, adding the rest of the cuts would be spread across a number of countries, mostly in Europe.
SUNDAY, JULY 3 AIX-EN-PROVENCE, France- European Central Bank board member Benoit Coeure participates in a session "The EU is dead, long live the EU!" MONDAY, JULY 4 BARCELONA, Spain- European Central Bank board member Ignazio Angeloni speaks at the Caixabank Lecture Series at Caixabank- 0910 GMT. SYDNEY- Reserve Bank of Australia interest rate meeting- 0430 GMT.
The U.S. Department of Justice said Sanchez lied in a July 2011 Securities and Exchange Commission deposition when he denied knowing other people who bought Potash securities before Potash revealed Anglo-Australian mining company BHP Billiton Plc's unsolicited $38.6 billion takeover bid. Prosecutors said the SEC did not discover the account and the...
LONDON- European Central Bank Chief Economist Peter Praet speaks at Financial Times "Festival of Finance"- 1000 GMT. PARIS- European Central Bank board member Benoit Coeure participates in a roundtable discussion on the occasion of the 60th anniversary of Paris Club- 0715 GMT. MONDAY, JULY 4 BARCELONA, Spain- European Central Bank board member Ignazio Angeloni...