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  • BERLIN— Deutsche Bank says its second-quarter profit dropped 98 percent as the company pushed ahead with a restructuring effort and uncertainty over events such as Britain's vote on European Union membership weighed on markets. Germany's biggest bank said Wednesday that it eked out net earnings of 20 million euros in the April-June period, down from 818...

  • *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy. Germany's DAX index rose 0.8 percent and has recouped all losses incurred since...

  • LONDON, July 27- Reports of a larger than previously expected fiscal stimulus plan for Japan had the yen back on the defensive on Wednesday, as investors bet the Bank of Japan would match that with a new bout of money-printing aimed at weakening its currency. The latest volley in that debate was a report by the Wall Street Journal, again denied by the Ministry of...

  • BERLIN— Daimler's mytaxi and British rival Hailo are merging to form Europe's biggest app-based cab ordering service. Mytaxi operates in Germany, Austria, Italy, Poland, Portugal, Spain and Sweden. Hailo is active in the United Kingdom, Ireland and Spain.

  • THURSDAY, JULY 28 NEW HAVEN, United States- European Central Bank board member Benoit Coeure speaks at the Yale Forum on financial crisis management organised by U.S. Department of Treasury in New Haven- 1800 GMT. CAMBRIDGE- Federal Reserve Bank of San Francisco President John Williams participates in a policy dialogue on "What's Left in the Fed's Tool Kit?"

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • Energy & banks weigh on Europe indices

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including French telecoms, BP earnings and U.K. movers.

  • STUTTGART, Germany, July 26- Porsche will boost the number of jobs for its first all-electric model by more than half from previous targets as part of parent Volkswagen's push to overcome its emissions scandal by embracing zero-emission cars and digital services. The sports-car brand is spending about 1 billion euros on the zero-emission model.

  • A police officer stands guard outside the Mossack Fonseca law firm office in Panama City April 12, 2016

    Netflix said it had acquired the rights to a book written by two German investigative journalists and was turning it into a feature movie.

  • BERLIN— The Catholic Church has hired a lawyer to tackle a plague of "Pokemon Go" players invading Cologne Cathedral. Local daily Express reported Tuesday that the church decided to take legal action after the virtual reality game's manufacturers didn't react to requests to exclude the ancient building from "Pokemon Go." The newspaper quoted the dean, Robert...

  • *Combined company to be headquartered in Hamburg. FRANKFURT, July 26- Daimler's mytaxi said it will will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business. In similar deals this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million in Lyft.

  • A hearse leaves the area after an explosion in Ansbach near Nuremberg, Germany, July 25, 2016.

    The Syrian who blew himself up in southern Germany, wounding 15 people, had pledged allegiance to Islamic State on a video found on his mobile phone.

  • German IFO falls less than expected after Brexit

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the German IFO falling less than expected after Brexit and more.

  • BA 27-year-old Syrian man denied asylum in Germany a year ago died on Sunday when he set off a bomb outside a crowded music festival in Bavaria.

  • LONDON, July 25- Luxembourg will not seek to lure away British financial firms anxious about keeping a foot in the European Union after Brexit, the Grand Duchy's government said on Monday, saying it aimed instead to work with them for mutual benefit. The UK financial sector and Luxembourg have long had close ties, especially in managing Europe's trillions of...

  • BRUSSELS/ BERLIN, July 25- Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The German carmaker has pledged up to $15.3 billion to compensate 475,000 owners of VW diesel-powered cars, but has so far rejected such calls for...

  • BERLIN, July 25- German business morale fell only slightly in July, a benchmark survey showed, suggesting Europe's largest economy has weathered the immediate storm from Britain's vote to leave the European Union. The Munich- based Ifo economic institute said on Monday its business climate index, based on a monthly survey of some 7,000 firms, fell to 108.3 in July...

  • BERLIN— A closely watched index of German business optimism declined only slightly in July following Britain's vote to leave the European Union. Market analysts had expected a sharper decline in the mood in Europe's biggest economy. Carsten Brzeski, chief economist at ING-DiBa in Frankfurt, said "German businesses do not seem to be extremely shocked by the...

  • A police officer guards the southern entrance to Munich's main station

    Security threats hanging over Europe are another instance where the Fed and the ECB have to deploy policy instruments in the months ahead.