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  • FRANKFURT, Germany— Deutsche Bank's net profit rose in the second quarter, but legal expenses stemming from investigations of the bank's past conduct also increased and the bank's new co-CEO said its financial performance was unsatisfactory. John Cryan said Thursday that Deutsche Bank needed to cut costs, shed unprofitable activities and improve "poor...

  • Lufthansa sees Q2 profit soar, helped by cheaper fuel Thursday, 30 Jul 2015 | 2:30 AM ET

    BERLIN— Lufthansa says its earnings trebled in the second quarter compared with a year earlier, helped by falling fuel costs. Deutsche Lufthansa AG, which includes airlines such as Swiss, Austrian Airlines and Germanwings, on Thursday reported net earnings of 529 million euros for the April-June period, up from 173 million euros a year earlier.

  • Siemens net profit flat after restructuring charges Thursday, 30 Jul 2015 | 2:22 AM ET

    FRANKFURT, Germany— Germany's Siemens AG says net profit fell slightly in the most recent quarter as better earnings from sales of medical equipment were offset by slower business at its power and gas division. Net profit eased 2 percent to 1.376 billion euros, down from 1.399 billion euros in the same quarter a year ago. Currency tail winds helped profit at...

  • French, German tank makers sign tie-up agreement Wednesday, 29 Jul 2015 | 3:20 PM ET

    PARIS— French and German executives from two of Europe's leading armored vehicle makers signed a long-awaited merger deal Wednesday aimed at creating a new European champion in the $50 billion annual terrestrial defense market. The tie-up between France's state-owned Nexter Systems and privately held German firm KMW was inked in Paris at the Defense...

  • VW expects China sales growth to grind to halt. BERLIN, July 29- Volkswagen lowered its global sales forecast on Wednesday and said it was braced for stagnant volumes in China, after years of double-digit growth in its biggest market. The German carmaker, which overtook Toyota as the world's largest carmaker by sales in the first half of this year, has long seen...

  • MONTREAL/ FRANKFURT, July 29- Canadian plane and train maker Bombardier Inc denied a report on Wednesday that it is in talks with German engineering group Siemens AG on merging their rail units. The news comes after Siemens earlier this year downplayed the idea that it could combine its rail assets, which include trains, trams and signalling technology, with...

  • Greek stock market unlikely to open: Report Wednesday, 29 Jul 2015 | 11:30 AM ET
    Greek stock market unlikely to open: Report

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Greek ruling party meeting tomorrow.

  • Germany's HeidelbergCement to buy Italcementi Wednesday, 29 Jul 2015 | 7:04 AM ET

    BERLIN— Germany's HeidelbergCement AG says it plans to buy Italy's Italcementi, starting with the 1.67 billion euro acquisition of a 45 percent stake. HeidelbergCement said late Tuesday it agreed to buy the stake from financial investor Italmobiliare for 10.60 euros per share in cash and shares. HeidelbergCement says it expects that offer to be at the same...

  • HAMBURG/ SINGAPORE, July 29- U.S. wheat, corn and soybeans resumed their recent falls on Wednesday after rising on bargain-buying on Tuesday, with prices again around one-month lows as attention returned to the good U.S. harvest outlook. "Wheat, corn and soybeans are again weaker today as the market's attention has returned to the good U.S. crop prospects with near...

  • FRANKFURT, July 29- German potash and salt miner K+ S has turned to economy minister Sigmar Gabriel for help in resisting an unwanted takeover approach by Potash Corp of Saskatchewan Inc, and has discussed the option of German state bank KfW taking a stake in K+ S, a newspaper reported on Wednesday. K+ S earlier this month rebuffed Potash Corp's 7.9 billion euros...

  • Survey: German consumers remain optimistic Wednesday, 29 Jul 2015 | 4:11 AM ET

    BERLIN— A closely-watched survey indicates German consumers remain optimistic but are showing signs of worry about the country's economic situation amid uncertainty about Greece's financial future. The GfK report says "consumers apparently assume that the hard-won solution in the debt dispute with Greece will have negative consequences on the German...

  • More broadly, it faces headwinds from troubled economies in China, Russia and Brazil. China has been a key source of sales growth for German car makers but economic growth there has been slowing. VW sales in China fell by 0.5 percent in the first half of the year.

  • Wall Street's Dow Jones industrial average was up 128.01 points, or 0.73 percent, to 17,568.6 in midday New York trade, the S&P 500 gained 18.45 points, or 0.89 percent, to 2,086.09 and the Nasdaq Composite added 32.60 points, or 0.65 percent, to 5,072.38. RSA Insurance Group jumped 18 percent after Zurich Insurance said it was considering a bid for the British group.

  • French state-controlled Nexter Systems and privately-held Krauss-Maffei Wegmann GmbH& Co KG of Germany have been in exclusive tie-up talks for more than a year. One apparent sticking point had been the reported preference of German Vice-Chancellor Sigmar Gabriel for an all-German merger of KMW with automotive and defense group Rheinmetall designed to...

  • BERLIN— The World Trade Organization says Taiwan and Thailand have joined an agreement reached last week to abolish duties on more than 200 technology products. The Geneva- based trade body said the two Asian nations on Tuesday confirmed their acceptance of the WTO's first tariff-eliminating deal in 18 years. Taiwan, a major electronics producer, and Thailand...

  • German regulator orders Facebook to allow pseudonyms Tuesday, 28 Jul 2015 | 11:29 AM ET

    BRUSSELS, July 28- Facebook may not prevent its users from using fake names, a German privacy watchdog said on Tuesday, in the latest privacy setback for the U.S. company in Europe. The Hamburg data protection authority, which is responsible for policing Facebook in Germany, said the social network firm could not unilaterally change users' chosen usernames to...

  • European markets close in the green Tuesday, 28 Jul 2015 | 11:22 AM ET
    European markets close in the green

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Honeywell buying Melrose's Elster meter unit.

  • French farmers protest taps into freewheeling tradition Tuesday, 28 Jul 2015 | 11:08 AM ET

    PARIS— Over the past week, French farmers have used tractors to block the border with Germany and chucked foreign vegetables off trucks in protest of cheap imports. They are protesting increasingly slim margins they blame on cheap imports and high social charges, which they say make them unable to compete against Germany, much less Eastern Europe.

  • NEW YORK, July 28- U.S. and European stocks were on track to snap five-day losing streaks on Tuesday, as investors focused on earnings news and mergers and looked past another fall in Chinese equities and sliding oil prices. RSA Insurance Group jumped 11 percent after Zurich Insurance said it was considering a bid for the British group, which has a market...

  • MUNICH/ TOKYO, July 28- Volkswagen overtook Toyota as the world's largest carmaker by sales in the first half year, achieving its long-held ambition three years ahead of target. But staying on top will be a challenge for the German maker of the Golf and Polo, as deliveries are falling in China, destination of a third of its global sales, making it overly reliant on...