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  • *Nikkei only up 10 pct in dollars since March 2013. TOKYO, Feb 9- When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics-- reforms to make the economy more productive-- is barely a work in progress, but Abe got...

  • WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m. Eastern. WASHINGTON— Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings.

  • MILAN/ LONDON, Feb 8- European shares closed at their lowest level in more than two years on Monday with investor concerns over the health of the region's banks compounding worries over slowing global growth. The pan-European FTSEurofirst 300 index closed down 3.4 percent at 1,239.68 points, its lowest since October 2013. Shares in Deutsche Bank fell 9.5...

  • FRANKFURT, Germany— Volkswagen says its quality control chief is leaving the company. Frank Tuch, 48, is being replaced as the company deals with a scandal over diesel vehicles equipped to cheat on emissions testing. Volkswagen is being sued by the U.S. Justice Department over some 600,000 vehicles that turned off emissions controls when not being tested.

  • MILAN/ LONDON, Feb 8- European shares touched a 16- month low on Monday with investors rattled over a slowdown in global economic growth and newly concerned about the region's banking sector. The pan-European FTSEurofirst 300 index was down 3.1 percent at 1,243.21 points by 1521 GMT, its lowest level since October 2014. Shares in Deutsche Bank fell 6.5 percent,...

  • *Banks help drive Europe shares to 16- month low. Some U.S. bank shares traded sharply lower in Frankfurt. "The fundamental picture is clearly softening," said Owen Callan, senior analyst at Cantor Fitzgerald.

  • *FTSEurofirst 300 index falls 2.5 percent. LONDON, Feb 8- European equities fell to a 16- month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.5 percent to 1,250 points by 1252 GMT, its lowest intraday...

  • FRANKFURT, Germany— The top central bankers from France and Germany are joining in an appeal to fix longstanding flaws in the euro currency by more closely integrating their economies and putting more authority over financial policies at the European level. Such shareholding is a major factor in smoothing recessions in the United States, but is less common in...

  • PRAGUE— After the attacks in Paris and New Year's security scares, Germans have been snapping up self-defense equipment like stun guns— to the delight of a Czech manufacturer who corners the market. Prague- based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand. Ingo Meinhard, the head of the German...

  • LONDON, Feb 8- European equities hit a 16- month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.1 percent to 1,256.30 points by 1004 GMT, after falling down to 1,252.24 points, its lowest level since...

  • LONDON, Feb 8- European shares plunged to 16- month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China's foreign reserves fell for a third straight month in January, as dollars were dumped to defend the yuan and...

  • LONDON, Feb 8- European equities fell sharply on Monday, extending the previous week's steep losses, with cyclical sectors losing ground on persistent concerns about the pace of global economic growth. The pan-European FTSEurofirst 300 was down 1.7 percent at 1,261.05 points by 0940 GMT after falling up to 1,259.27 poits, its lowest level since October 2014.

  • In September, German prosecutors searched offices and residences linked to Maple Bank in a probe of serious tax evasion and money laundering connected to so called dividend stripping trades. Bafin said in a statement that once Maple Bank made some necessary tax provisions, over-indebtedness loomed. German daily Sueddeutsche Zeitung reported on Sunday...

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg...

  • BERLIN— German authorities have ordered the closure of Maple Bank after the Canadian-owned company was investigated for alleged tax evasion and money laundering. Maple Bank, based in Frankfurt, Germany, is part of Canada's Maple Financial Group. The Federal Financial Supervisory Authority said Sunday that it has forbidden Maple Bank from making payments or...

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. Volkswagen in December asked Feinberg-- who earlier headed the compensation funds for the Sept. 11, 2001 attacks, the BP Deepwater Horizon oil spill...

  • Business events scheduled for the coming week Friday, 5 Feb 2016 | 12:41 PM ET

    BERLIN— Germany releases industrial production figures for December. WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. WASHINGTON— Fed Chair Janet Yellen testifies to House committee on monetary policy, 10 a.m.; Embargo on prepared...

  • Italian banks hit by concerns over bad loans Friday, 5 Feb 2016 | 12:31 PM ET

    MILAN— Italian banking shares are getting battered this year as the government tries to bundle and dispose of billions of euros in bad loans while attempting to reform and consolidate the ailing sector. Since the start of the year, Italian banks have lost more than 35 billion euros in market capitalization as investors sold their shares amid concern about some...

  • BERLIN, Feb 5- Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal. More than four months after the scandal broke in the United States, Europe's leading carmaker is still to come up with a technical fix for almost...

  • LISBON, Portugal— In a tug of war over budgets, the European Commission approved Portugal's so-called anti-austerity spending plan on Friday, but only after extracting a promise for almost $1 billion in additional cost cuts. Left-wing and center-left governments— particularly in Greece, Spain, Italy and France— have long complained that the EU's executive...