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  • WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • *Concerns about China's economy create uncertainty. FRANKFURT, July 30- Results from Europe's big chipmakers show business conditions have deteriorated quickly in previously healthy markets for auto electronics and industrial components, adding to concerns over the industry's traditional drivers- computers and phones. Europe's market leaders...

  • WASHINGTON, July 30- The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financial Times reported on Thursday. The FT report, citing a confidential summary it obtained of the IMF...

  • *Spain grows at fastest pace since before financial crisis. BERLIN, July 30- Confidence in the euro zone economy hit a four-year high in July and the European Central Bank said recovery is picking up, supported by loose monetary policy aimed at countering persistently low inflation. Spain's economy was a case in point, with data on Thursday showing it growing at...

  • BERLIN, July 30- Germany's finance minister wants to correct the balance between the European Commission's political role and its regulatory powers, reflecting concern in Berlin over the EU executive's neutrality as its political clout grows. A spokeswoman for the German Finance Ministry said on Thursday that Wolfgang Schaeuble had raised the idea at a...

  • FRANKFURT, July 30- Four months since its start, the European Central Bank's money-printing programme is showing promise, having so far warded off deflation in the face of tumbling oil prices and a financial crisis in Greece. It is still early to pass judgement on the quantitative easing scheme which started in March and will see the ECB spend 60 billion euros a...

  • FRANKFURT, Germany _ Deutsche Bank AG on Thursday reported second-quarter earnings of $880.6 million. Deutsche Bank shares have risen 12 percent since the beginning of the year. Keywords: Deutsche Bank, Earnings Report.

  • "Prices are at unsustainable lows after an exaggerated selloff," said Carsten Fritsch, analyst at Commerzbank in Frankfurt. Benchmark Brent hit a low of $52.28 a barrel on Tuesday, its cheapest since Feb. 2 as an oversupply of crude and the rising dollar combined with worries over China, the world's biggest energy consumer. The Reuters survey forecast Brent would...

  • FRANKFURT, Germany— Deutsche Bank's net profit rose in the second quarter, but legal expenses stemming from investigations of the bank's past conduct also increased and the bank's new co-CEO said its financial performance was unsatisfactory. John Cryan said Thursday that Deutsche Bank needed to cut costs, shed unprofitable activities and improve "poor...

  • BERLIN— Lufthansa says its earnings trebled in the second quarter compared with a year earlier, helped by falling fuel costs. Deutsche Lufthansa AG, which includes airlines such as Swiss, Austrian Airlines and Germanwings, on Thursday reported net earnings of 529 million euros for the April-June period, up from 173 million euros a year earlier.

  • FRANKFURT, Germany— Germany's Siemens AG says net profit fell slightly in the most recent quarter as better earnings from sales of medical equipment were offset by slower business at its power and gas division. Net profit eased 2 percent to 1.376 billion euros, down from 1.399 billion euros in the same quarter a year ago. Currency tail winds helped profit at...

  • PARIS— French and German executives from two of Europe's leading armored vehicle makers signed a long-awaited merger deal Wednesday aimed at creating a new European champion in the $50 billion annual terrestrial defense market. The tie-up between France's state-owned Nexter Systems and privately held German firm KMW was inked in Paris at the Defense...

  • VW expects China sales growth to grind to halt. BERLIN, July 29- Volkswagen lowered its global sales forecast on Wednesday and said it was braced for stagnant volumes in China, after years of double-digit growth in its biggest market. The German carmaker, which overtook Toyota as the world's largest carmaker by sales in the first half of this year, has long seen...

  • MONTREAL/ FRANKFURT, July 29- Canadian plane and train maker Bombardier Inc denied a report on Wednesday that it is in talks with German engineering group Siemens AG on merging their rail units. The news comes after Siemens earlier this year downplayed the idea that it could combine its rail assets, which include trains, trams and signalling technology, with...

  • Germany's HeidelbergCement to buy Italcementi Wednesday, 29 Jul 2015 | 7:04 AM ET

    BERLIN— Germany's HeidelbergCement AG says it plans to buy Italy's Italcementi, starting with the 1.67 billion euro acquisition of a 45 percent stake. HeidelbergCement said late Tuesday it agreed to buy the stake from financial investor Italmobiliare for 10.60 euros per share in cash and shares. HeidelbergCement says it expects that offer to be at the same...

  • HAMBURG/ SINGAPORE, July 29- U.S. wheat, corn and soybeans resumed their recent falls on Wednesday after rising on bargain-buying on Tuesday, with prices again around one-month lows as attention returned to the good U.S. harvest outlook. "Wheat, corn and soybeans are again weaker today as the market's attention has returned to the good U.S. crop prospects with near...

  • FRANKFURT, July 29- German potash and salt miner K+ S has turned to economy minister Sigmar Gabriel for help in resisting an unwanted takeover approach by Potash Corp of Saskatchewan Inc, and has discussed the option of German state bank KfW taking a stake in K+ S, a newspaper reported on Wednesday. K+ S earlier this month rebuffed Potash Corp's 7.9 billion euros...

  • Survey: German consumers remain optimistic Wednesday, 29 Jul 2015 | 4:11 AM ET

    BERLIN— A closely-watched survey indicates German consumers remain optimistic but are showing signs of worry about the country's economic situation amid uncertainty about Greece's financial future. The GfK report says "consumers apparently assume that the hard-won solution in the debt dispute with Greece will have negative consequences on the German...

  • More broadly, it faces headwinds from troubled economies in China, Russia and Brazil. China has been a key source of sales growth for German car makers but economic growth there has been slowing. VW sales in China fell by 0.5 percent in the first half of the year.

  • Wall Street's Dow Jones industrial average was up 128.01 points, or 0.73 percent, to 17,568.6 in midday New York trade, the S&P 500 gained 18.45 points, or 0.89 percent, to 2,086.09 and the Nasdaq Composite added 32.60 points, or 0.65 percent, to 5,072.38. RSA Insurance Group jumped 18 percent after Zurich Insurance said it was considering a bid for the British group.