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  • FRANKFURT/ VLADIVOSTOK, Russia, Sept 4- Russia's Gazprom and its European partners signed a shareholders' agreement on the Nord Stream-2 gas pipeline project that will run beneath the Baltic Sea to Europe, bringing Europe closer into Moscow's energy orbit, a move criticized by the U.S. energy envoy. Russia provides for around a third of EU energy needs, but around...

  • *Will "comfortably" reach 2015 adj EBIT of over 1.5 bln eur. FRANKFURT, Sept 4- Lufthansa's drive to cut costs on its European routes and invest billions in its fleet are paying off, with the German airline enjoying a better than expected summer, its chief executive told Reuters on Friday. "We have seen the strongest summer ever, business has been substantially better...

  • LONDON, Sept 4- European shares looked set to end the week lower after jobs data from the United States triggered selling pressure as investors try to gauge the timing of the next U.S. rate hike. I think more and more investors blame central banks for not acting in the current environment to bring stabilization, "said Ingo Speich, portfolio manager at Union...

  • BERLIN, Sept 4- Philips Electronics will emerge from its radical transition away from the lighting industry as a more profitable company focused on consumer healthcare, the head of the group's Personal Health business told Reuters. The Dutch conglomerate, which is shedding its lighting business and LED components operation, aims to tap a growing market for...

  • FRANKFURT, Sept 4- Germany's Lufthansa is excited by the possibilities offered by the opening up of Iran, especially for its maintenance and catering divisions, the airline group's chief executive told Reuters. Carsten Spohr said he would be travelling to Iran shortly and that talks with partners had intensified. Iran and six world powers struck a deal on...

  • "We are positive that we will comfortably achieve our adjusted EBIT target of more than 1.5 billion euros this year," Carsten Spohr said in an interview at the group's main base in Frankfurt. Lufthansa is changing Germanwings, bringing it under the banner of its new budget unit, Eurowings, where it hopes to lower costs further in order to better compete with the...

  • BERLIN— Germany's BASF SE is reviving a planned asset swap with Russian gas company Gazprom that was called off last December. BASF said Friday that the two companies have agreed to complete the asset swap by the end of this year. The swap will see BASF subsidiary Wintershall transfer its share in a jointly operated natural gas trading and storage business to...

  • The industry has seen sluggish sales in recent years as consumers opt to spend their money on smartphones and tablets instead, so many companies are pinning their hopes for a revival in the PC market on the latest version of Microsoft's operating system. Among them is Toshiba, which launched its new Satellite Radius 12 this week, priced at 1,449 euros in Europe.

  • BERLIN— German factory orders dropped a larger than expected 1.4 percent in July compared to the previous month, dragged down by flagging foreign demand. The Federal Statistical Office reported Friday that it revised June's 2 percent increase downward to a rise of 1.8 percent, adjusted for seasonal and calendar factors. UniCredit economist Andreas Rees says...

  • Need to stop 'extending and pretending': Varoufakis

    Yanis Varoufakis, Greece's former finance minister, defends his contribution to the bailout negotiations and argues over what needs to be done in Greece, adding that Germany wants a Grexit.

  • Germany ready to accept Grexit: 'Wiseman'

    Lars Feld, member of the German Council of Economic Experts and professor for Economic Policy at the University of Freiburg, discusses Germany's stance on Greek politics and the euro zone.

  • MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT. LONDON- Swedish Riksbank Deputy Governor Cecilia Skingsley speaks at Deutsche Bank's headquarter in London on the Swedish central bank's latest report- 0930 GMT. ANKARA- German Finance Minister Wolfgang Schaeuble and...

  • Central banks falling short of 2 pct. inflation target Thursday, 3 Sep 2015 | 2:33 PM ET

    The Federal Reserve and European Central Bank have been striving to generate a small dose of inflation— around 2 percent annually, just enough to spur more spending and income but not so much that prices surge out of control. ECB President Mario Draghi faced that very question at a news conference Thursday in Frankfurt, Germany. In the United States, the Fed's...

  • Europe's migrant and refugee crisis in photos Thursday, 3 Sep 2015 | 2:18 PM ET
    Migrants, including thee men from Benin, who had arrived by train to Germany sit on cots while waiting to register at a center for migrants at a facility of the German Federal Police (Bundespolizei) on August 31, 2015 in Rosenheim, Germany.

    People displaced by wars in Syria, Iraq, and Afghanistan are fleeing to Europe, where leaders are divided over how to handle the influx.

  • NEW YORK— Samsung and other tech companies showcased new computerized wristwatches this week— all aimed at challenging Apple, a relative newcomer to selling smartwatches. Apple Watch was the leading smartwatch in the second quarter, with an estimated 4 million shipped worldwide, for a market share of more than 75 percent, according to Strategy Analytics.

  • Berlin gadget show: Tiny PCs and high-end handsets Thursday, 3 Sep 2015 | 12:28 PM ET

    BERLIN— Gadget makers have been showcasing their latest gear at Europe's flagship technology show, the IFA in Berlin, this week. Aside from Wi-Fi, Bluetooth 4, 2 GB of RAM and 32 GB of storage, it sports the latest Intel Cherry Trail chip, two USB ports and an audio jack. Huawei launched its Mate S, billed as the Chinese smartphone maker's first top-range handset with...

  • *Sees further threats from China, emerging markets. FRANKFURT, Sept 3- The European Central Bank cut its growth and inflation forecasts on Thursday, warning of possible further trouble from China and paving the way for an expansion of its already massive 1 trillion-euro plus asset-buying programme. The ECB, which left interest rates unchanged in a widely...

  • European markets close: ECB boosts markets Thursday, 3 Sep 2015 | 11:30 AM ET
    European markets close: ECB boosts markets

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the European Central Bank lowering growth and inflation estimates.

  • BERLIN— Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman— filling the position that longtime company patriarch Ferdinand Piech vacated in April. Berthold Huber, the acting chairman and previously Piech's deputy, praised Poetsch's "strategic vision, comprehensive knowledge of the automotive industry and...

  • UPDATE 2-VW's finance chief set to become new chairman Thursday, 3 Sep 2015 | 11:09 AM ET

    BERLIN, Sept 3- Volkswagen's finance chief Hans Dieter Poetsch is set to become its next chairman, putting Europe's biggest carmaker on course for calmer waters after rival factions including ousted patriarch Ferdinand Piech united to back him. The company has been looking for a permanent successor to Piech, who was turfed out in April after clashing with...