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Europe Top News and Analysis Germany

  • *Hikes dividend to 2.06 eur/ pref vs Rtrs poll avg 1.86 eur. *2016 operating profit ex one-offs 14.6 bln euros. WOLFSBURG, Germany, Feb 24- Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit.

  • The company reported a net profit attributable to Volkswagen AG shareholders of 5.1 billion euros last year compared with a net loss of almost 1.6 billion euros in 2015.. The Wolfsburg- based company paid a heavy price for its deceit, agreeing to pay more than $16 billion in buybacks and compensations to owners of VW cars in the U.S. alone. VW group sales rose 4...

  • Baby polar bear makes its debut, seeks a name

    Baby polar bear makes its debut at Munich Zoo, but remains nameless.

  • Feb 24- Canada's MacDonald Dettwiler and Associates Ltd said it would buy U.S.-based satellite imagery provider DigitalGlobe Inc for about C $3.10 billion, the biggest deal yet in a fast-consolidating earth-imaging satellite market. DigitalGlobe's satellites supply high-resolution images to its customers such as the U.S. Department of Defense and...

  • BERLIN— The German weekly Der Spiegel reports that the country's spy agency had at least 50 numbers and email addresses of journalists among its surveillance targets. Spiegel reported Friday that a list seen by the magazine contained over a dozen numbers belonging to the BBC in Afghanistan and London. It says a New York Times phone number in Afghanistan and...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *OPEC compliance to rise as UAE, Iraq pledge to catch up. Compliance is set to rise even further in coming months as OPEC laggards United Arab Emirates and Iraq have pledged to catch up with their individual targets.

  • Donald Trump boards the elevator to the lobby after meetings at Trump Tower in New York City.

    Gold prices have increased to highs not seen since Trump secured election victory.

  • VIENNA, Feb 24- Austria said on Friday that Vienna prosecutors had initiated a formal criminal investigation against Airbus and the Eurofighter consortium over alleged fraud, widening the potential fallout from a $2 billion combat jet order more than a decade ago. Defense Minister Hans Peter Doskozil said he had been notified that the two companies had been...

  • MILAN, Feb 24- Hampered by persistent political risks and sluggish economic growth, Europe's equity markets have disappointed investors for years. Political worries compounded by a series of uncertain national elections in Europe this year are sometimes cited as a factor holding investors back. Yet for those who have drawn lessons from how European stocks...

  • *United States fall back to third place behind France. BERLIN, Feb 24- China for the first time became Germany's most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. "Given the protectionist plans of the new U.S. president one would expect that the trade ties between Germany and...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *LBBW cuts year-end Brent price forecast by $5 to $55/ bbl. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • By Eric Auchard and Sophie Sassard. FRANKFURT/ LONDON, Feb 24- Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth. Next week's Mobile World Congress in Barcelona will feature phone...

  • By Eric Auchard and Sophie Sassard. FRANKFURT/ LONDON, Feb 24- Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom to Telefonica are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth. Next week's Mobile World Congress in Barcelona will feature phone...

  • STUTTGART, Feb 24- Daimler's Mercedes-Benz Vans division is looking closely at a growing demand in the United States for mid-sized pick-up trucks to see whether there is market potential to launch its X-Class model there, divisional head Volker Mornhinweg said on Friday. Mercedes-Benz Vans has already developed a mid-sized pick-up truck to be sold in South...

  • BERLIN— New statistics show that China and France have overtaken the U.S. as Germany's largest trading partners. Germany's Federal Statistical Office reported Friday that trade between the country and China in 2016 totaled some 170 billion euros worth of goods. It remained Germany's largest market for exports, however, with a total value of 107 billion euros...

  • *OPEC/ non- OPEC deal compliance at 86 pct in Jan- sources. *U.S., Asia traders start selling most costly stored crude. Their joint compliance with a production-reduction deal reached at the end of last year was around 86 percent in January, according to OPEC sources quoting results from a technical committee meeting held this week.

  • China for the first time became Germany's most important trading partner in 2016, overtaking the United States and France; data showed on Friday.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. TOKYO- Bank Of Japan Executive Director Shigehiro Kuwabara to attend the Third FinTech Forum. SANTA CRUZ, United States- San Francisco Fed President John...

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. TOKYO- Bank Of Japan Executive Director Shigehiro Kuwabara to attend the Third FinTech Forum. SANTA CRUZ, United States- San Francisco Fed President John...

  • Feb 23- Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday. Norwegian's $65 fares will be for a one-way ticket to UK and Irish destinations from smaller airports in New York state,...