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Europe News Eastern Europe

  • A group of European banks are in secret talks to set up a pan-European debit card to challenge MasterCard  and Visa Europe in cross-border business, a document obtained by Reuters said on Friday.

  • Texas Instruments

    Texas Instruments is looking abroad when it comes to boosting revenue and earnings, said President and Chief Executive Rich Templeton, speaking at the company’s annual analyst meeting. “We’re probably not a great proxy in terms of the U.S. economy,” Templeton told “Morning Call.” He explained, “More than 70% of our revenue actually ships around the world.”

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  • EU finance ministers meet Tuesday for talks that where they are expected to agree to keep an eye on hedge funds but set no new rules at this stage for the high-risk, high-return investments.

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    "Spider-Man 3" is breaking records, and it hasn't even opened in the U.S. yet; it premiered in Tokyo in April, and opened in 16 Asian and European countries on Tuesday, bringing in $29 million dollars on its first day alone.Throughout Asia, the film opened bigger than the first and second films in the series; in some countries, it out-grossed the combined opening day of Spidey 1 and 2. And in some countries, the movie broke records for the biggest single-grossing day ever.

  • The European Union said Tuesday that it has asked to participate in World Trade Organization talks over Chinese copyright and trademark policy initiated last month by the administration of U.S. President George W. Bush.

  • Global stock markets are forging ahead with the Dow Industrials claiming the 13,000 level but as February's sudden sell-off reminded investors, things can change in a hurry.  In this special report, CNBC World's Worldwide Exchange program teams up with CNBC.com for a global stocks outlook.

  • 2007 Toyota Camry

    The news out of Tokyo that Toyota eclipsed General Motors in 1Q sales is likely to elicit the usual round of "Detroit is dying" stories in the media. However, this news is not a surprise and does not mean Detroit is dead. Are the Big Three struggling to find their way domestically and globally? You bet.

  • Renault Logan

    At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.

  • “M&A is going to continue, but the big driver is going to be earnings … it’s the heaviest week of earnings and that will dominate,” said Patrik Schowitz, European Equity Strategist at HSBC.  

  • Russia's Gazprom has shortlisted four firms for a project to build a liquefied natural gas plant on the Baltic Sea and will pick one or two equity partners in July, an executive said on Thursday.

  • The European banking sector saw momentum on the back of the potential takeover of Dutch bank ABN Amro. A consortium of Royal Bank of Scotland, Santander and Fortis could potentially outbid the current bid from British bank Barclays.

  • Euro-zone inflation rose to 1.9% for March, the European Union's statistics agency said Monday.

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    The European Central Bank kept short-term interest rates on hold Thursday as expected, but economists and investors think that another rate rise is due this summer.

  • Shares in German sportswear maker Puma rose after French luxury-to-retail giant PPR (up 2.61%) made a 5.3 billion euro ($7.1 billion) takeover bid for the company.

  • Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.

  • The newly merged transatlantic exchange operator NYSE Euronext made its debut in Paris when it started trading as a combined company on Wednesday.

  • Shares in the world’s largest utility E.ON increased considerably after it gave up its 42 billion euro bid ($56 billion) for Spanish utility company Endesa (down 0.69%), agreeing to split it up with rivals.

  • Shares of Italy’s Pirelli soared to 9.67% Monday morning after it revealed late Sunday that it was in talks with U.S. telecom giant AT&T and its Mexican affiliate America Movil to sell two-thirds of its 80% stake in holding company Olimpia for 2.82 euros a share less debt.

  • Risk to euro zone inflation remain and the European Central Bank will do what is necessary to ensure stable prices, the authority's president, Jean-Claude Trichet, said in newspaper interviews published on Monday.