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  • FRANKFURT/ SAN FRANCISCO, July 31- BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW's headquarters last year and senior Apple executives toured the carmaker's...

  • Business events scheduled for the coming month Friday, 31 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending 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 factory orders for June, 10 a.m.. WASHINGTON— Commerce Department...

  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude looking set to post the largest monthly drop since the 2008 financial crisis after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut.

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit with over 9 billion euros in fines and settlements in the past three years, including a...

  • *Oil weighed by bearish Reuters July survey on OPEC oil. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut. July's losses came on the back of a stock market tumble in top...

  • LONDON, July 31- Copper prices fell on Friday on persistent worries about demand in top consumer China, but losses were muted after weak U.S. data prompted a slide in the dollar. Three-month copper on the London Metal Exchange was down 0.4 percent at $5,240 tonne at 1435 GMT, after sliding as much as 1 percent in the morning and then bouncing briefly into positive...

  • German justice minister casts doubt on treason probe Friday, 31 Jul 2015 | 10:23 AM ET

    BERLIN— Germany's justice minister on Friday questioned a decision by prosecutors to open a treason investigation against two journalists, a move that prompted strong criticism from free speech activists. Justice Minister Heiko Maas said he told the chief federal prosecutor on Friday that he doubts the leaked documents cited in the website's reporting...

  • *OPEC oil production up 140,000 bpd in July- Reuters survey. LONDON, July 31- Oil prices steadied on Friday as a sharp fall in the dollar balanced evidence of growing oversupply, with core OPEC producers pumping near record levels. Brent crude oil was down 25 cents at $53.06 a barrel by 1350 GMT.

  • *Germany risks becoming "sick man of Europe" again-expert. Elderly entrepreneurs unable or unwilling to pass the reins to the next generation could be putting in jeopardy the fate of some of the roughly 3.6 million firms that make up Germany's world-famous Mittelstand. The number of graying managers seeking to hand over their businesses has climbed to a record...

  • LONDON/ CAIRO, July 31- Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to worsening turmoil. The risks are now so high ship owners should contact their insurers before each trip, said Jonathan Moss, head of transport with...

  • LONDON, July 31- Oil prices fell on Friday as concern over global oversupply intensified after oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. "All commodities are down," said Abhishek Deshpande, oil analyst at Natixis. Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after...

  • LONDON, July 31- Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January. Investors remained on edge about demand in top metals consumer China, after an official warned that risks from a slowing economy must not morph into social...

  • Swiss central bank reports hefty 2nd-quarter loss Friday, 31 Jul 2015 | 2:41 AM ET

    BERLIN— Switzerland's central bank is reporting a hefty loss for the second consecutive quarter after its decision to drop a cap on the franc's value against the euro sent the national currency soaring higher. The Swiss National Bank said Friday it lost 20 billion francs in the April-June period, nearly 18 billion francs of that on foreign-currency positions...

  • FRANKFURT, Germany— Plane maker Airbus Group SE said Friday its net profit rose 5 percent in the second quarter to 732 million euros despite a one-time charge stemming from the crash of one of its military transport planes in Spain. Airbus CEO Tom Enders said the company was on track to achieve its earnings forecast for the year amid healthy demand for commercial...

  • DIARY-Top Economic Events to Aug 12 Thursday, 30 Jul 2015 | 8:00 PM ET

    LONDON- Bank of England holds Monetary Policy Committee meeting. LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT.

  • Business events scheduled for the coming week Thursday, 30 Jul 2015 | 1:40 PM ET

    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...