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  • 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...

  • 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...

  • London's bid to win exemption from the European Union goal of "ever closer union," preserve its financial sector from regulation by the euro zone and curb access to in-work benefits for EU migrant workers won backing from Poland as the meeting of national negotiators- or sherpas- began in Brussels. The powerful leader of Warsaw's new ruling party, Jaroslaw...

  • The German carmaker said Friday it would give new dates for the earnings release, formerly slated for March 10, and for its shareholder gathering originally set for April 21. The U.S. Environmental Protection Agency is suing the company in federal court over what it says were 600,000 such vehicles. U.S. law firm Jones Day is conducting an investigation into who...

  • FRANKFURT, Feb 5- Daimler Chief Executive Dieter Zetsche insisted on Friday the German carmaker would not sacrifice margins in its quest to overtake arch rival BMW and become the best-selling luxury car brand. Exactly the opposite is true, "he told analysts at a conference to discuss fourth-quarter results in Stuttgart. The Mercedes CEO was more upbeat about...

  • FRANKFURT, Feb 5- Monsanto could seek to expand in agricultural chemicals by deepening its partnership with Germany's BASF after losing out to ChemChina in its bid to buy seeds and pesticides firm Syngenta. But while the Ludwigshafen, Germany- based company is not willing to sell its pesticides unit, recent consolidation in the industry means it is now seen by...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • MILAN, Feb 5- European shares were little changed in choppy trade on Friday with investors reluctant to take up big positions before a key U.S. jobs report that could provide clues on the Federal Reserve's monetary policy outlook. "With the focus on the jobs report in the U.S., we don't expect a very dynamic market today in Europe," Johannes Mayr, head of economic...

  • *On track for worst week since May 2009. LONDON, Feb 5- The dollar inched up from a 2-1/ 2- month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited U.S. employment data for justification of the view that the Federal Reserve will not raise rates in 2016.. Commerzbank currency strategist Thulan Nguyen, in Frankfurt, said a weak...

  • Whatever lifts off from North Korea's western coast space center this month, one thing is certain— since rockets and missiles inevitably have overlapping technologies, it will run afoul of U.N. resolutions that have been in place for years to bar North Korea from testing any technology that could be used to develop long-range ballistic missiles.

  • BERLIN— German factory orders declined slightly more than expected in December, dragged down by lower demand at home and in other eurozone countries. The Economy Ministry said Friday that orders were down 0.7 percent compared with the previous month, more than the 0.5 percent drop economists had forecast. Orders from inside Germany were down 2.5 percent and...

  • Business events scheduled for the coming week Thursday, 4 Feb 2016 | 1:39 PM ET

    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.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • Business events scheduled for Friday Thursday, 4 Feb 2016 | 1:14 PM ET

    WASHINGTON— Labor Department releases employment data for January, 8:30 a.m. Eastern. WASHINGTON— Commerce Department releases international trade data for December, 8:30 a.m.. WASHINGTON— Federal Reserve releases consumer credit data for December, 3 p.m..

  • *Graphic on UK inflation, rate: http://reut.rs/1SDRz9w. FRANKFURT, Feb 4- The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates. Federal Reserve and the Bank of England had expected to...

  • STUTTGART, Feb 4- Daimler AG expects slower sales growth for its Mercedes-Benz cars in China this year after a surge in demand in 2015 that helped the automaker post record sales and earnings. The stock was down 4.4 percent at 60.21 euros by 0915 GMT, its lowest in more than a year and underperforming Germany's blue-chip DAX index,, which was up 0.2 percent.

  • FRANKFURT, Germany— Europe's top economic authorities warned Thursday of dangers to the region's economy amid slower growth in China, weaker global trade and heightened geopolitical uncertainties. Mario Draghi, the head of the European Central Bank, said it was imperative to act swiftly to help the economy and lift inflation, while the European Union...

  • It will also pay profit-sharing of 5,650 euros for each of the 125,000 eligible workers in Germany, with the money to appear in their April paychecks. Daimler AG shares fell 3.3 percent and traded at 60.87 euros. Net profit for the year rose 23 percent to 8.9 billion euros from 7.3 billion euros in 2014, while revenue jumped 15 percent to 149.5 billion euros.

  • Business events scheduled for Thursday Wednesday, 3 Feb 2016 | 1:28 PM ET

    WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON— Labor Department releases fourth-quarter productivity data, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..