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Euro zone economy ended 2014 in poor shape: PMI

The euro zone economy ended 2014 with its worst quarter for over a year as further price cutting failed to significantly drive up business activity, adding pressure on the European Central Bank to act, surveys showed.

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File photo of Audi cars

Car sales slump in France, but rise in Spain and Italy

France's floundering economy pushed car sales 6.8 percent lower year-on-year in December, while Spanish sales jumped by 21.4 percent, helped by a subsidy scheme, and also rose in Italy, according to auto industry associations.

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Euro Notes

Draghi drives euro to four and a half year low

The euro took another downward lurch on Friday, sinking to a 4-1/2 year low against the dollar on clear indications that the European Central Bank will soon embark on outright money-printing.

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Istanbul, Turkey

BC Partners to sell half of its stake in Migros to Turkey's Anadolu

Private equity firm BC Partners [BCPRT.UL] said on Wednesday it will sell a 40.25 percent stake in its supermarket chain Migros (MGROS.IS) to Turkish conglomerate Anadolu Endustri Holding AS.

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Rome, Italy

Italy Cabinet approves first planks of Renzi's labor reform

Italy's government on Wednesday began drawing up the details of a reform that Prime Minister Matteo Renzi said will "revolutionize" the country's labor market when it takes effect some time next year.

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helicopter deal

Philippines to get frigates, gunboats, helicopters as tension simmers

The Philippines aims to buy two frigates, two helicopters and three gunboats for deployment in the South China Sea where a territorial dispute with China has lent urgency to the need to bolster forces, a Philippine navy officer said on Wednesday.

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Greece Flag

Investors see Greek upheaval ring-fenced from rest of euro zone

Greece's future in the euro zone may hang in the balance once more, but investors believe the market fallout from any current political turbulence can be insulated, unlike during the region's sovereign debt crisis of 2012.

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Legoland

Legoland operator Merlin puts blocks in place for growth

Destined to form models of the Burj Khalifa and Tokyo Tower, 90 million toy bricks will be used in new Legoland Parks in Dubai, Japan and Korea by 2017, building blocks in British operator Merlin's (MERL.L) expanding empire.

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Italian Prime Minister Matteo Renzi

Italian PM Renzi calls on factious party to unite for reforms

Italian prime minister Matteo Renzi called on his ruling party on Sunday to unite behind measures he has pledged to breathe life into the euro zone's third-biggest economy after years in or near recession.

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Euro coin and a map of Europe

Italy seizes 556,000 euros in fake coins minted in China

Italian police on Friday seized 556,000 euros ($692,000) in fake euro coins minted in China from a ship container in the port city of Naples, investigators said.

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Lt General Chris Bogdan

Italy, Turkey to service F-35 jet, engine in Europe: Pentagon

The Pentagon on Thursday said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there.

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Ferrari

Fiat Chrysler says no plan to move Ferrari's tax base outside Italy

Fiat Chrysler Automobiles (FCA) (FCHA.MI) (FCAU.N) has denied a media report saying it was considering a move in the tax residence of its Ferrari luxury sportscar unit outside Italy.

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Wolfgang Schaeuble

Germany strikes conciliatory note on French, Italian reform efforts

Germany praised French and Italian reform efforts on Monday and said it ought to do more itself, striking a conciliatory note after Chancellor Angel Merkel's critique of Paris and Rome over the weekend irritated both countries.

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Frankfurt stock exchange

Italy downgrade casts gloom over euro zone

European stocks and government bonds dipped on Monday as weak data from Asia, a rating downgrade for Italy and the slump in oil prices stoked concerns about global growth.

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Intel

Luxottica signs deal with Intel to develop hi-tech glasses

Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop glasses that combine its top fashion brands with technology that could allow wearers to access information about their health or location.

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