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  • Almunia Says Excess Euro Volatility Not Welcome Wednesday, 27 Feb 2008 | 7:58 AM ET

    The euro's exchange rate is shaped by the market but excessive volatility is unwelcome, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said on Wednesday as the euro hit record highs against the dollar.

  • Spaniards Probed in Liechtenstein Tax Case Wednesday, 27 Feb 2008 | 6:50 AM ET

    Spain is investigating a number of people suspected of using accounts in Liechtenstein to dodge taxes, Spanish authorities said on Wednesday.

  • A taxing matter for tax evaders Tuesday, 26 Feb 2008 | 7:41 AM ET

    Is it a sign of the increasingly worrisome state of UK public finances (now that Northern Rock is officially on the books) that has driven the government to buy information from a whistleblower in Lichtenstein?

  • Siemens to Cut 6,800 Jobs at SEN Unit Tuesday, 26 Feb 2008 | 6:25 AM ET

    Siemens will cut 6,800 jobs at its corporate telecoms unit -- two-fifths of the unit's workforce -- to reshape the business into a software provider as it seeks to divest the division, it said on Tuesday.

  • German Feb. Ifo Business Climate Index Rises Tuesday, 26 Feb 2008 | 4:27 AM ET

    German corporate sentiment unexpectedly rose in February, a closely watched survey showed on Tuesday, suggesting Europe's largest economy is coping better with a global slowdown than other euro zone countries.

  • Consumers Held Back German Growth at Close of 2007 Tuesday, 26 Feb 2008 | 3:55 AM ET

    Weak consumer spending dragged down German growth in the final quarter of 2007 as inflation surged to a 14-year high, official data showed on Tuesday.

  • Dresdner Bank Plans to Support Ambac Rescue Monday, 25 Feb 2008 | 12:17 PM ET

    Dresdner Bank, part of the Allianz insurance group, intends to support a rescue package for U.S. bond insurer Ambac Financial Group with a sum in the low double-digit millions of euros, the head of Dresdner's investment banking operations said on Monday.

  • Munich Re Expects $5 Billion Net Profit in 2008 Monday, 25 Feb 2008 | 8:13 AM ET

    Munich Re is aiming to achieve net profit of up to 3.4 billion euros ($5 billion) in 2008 despite its expectations of a tough year for financial markets, it said on Monday.

  • Germany Amps Up Pressure on Liechtenstein Saturday, 23 Feb 2008 | 1:49 PM ET

    Germany's finance minister increased pressure on tiny Liechtenstein to help combat tax evasion, raising the possibility of restricting business with the principality if it does not cooperate.

  • Europe this Week: Banks, Banks, Banks Friday, 22 Feb 2008 | 12:08 PM ET

    The week started and finished with news of the nationalization of British troubled bank Northern Rock, ending a five-month period of uncertainty about the bank’s future. In between, results from banks caused investors ecstasy or agony.

  • Euro Stocks Head for another Whirlwind Week Friday, 22 Feb 2008 | 11:31 AM ET

    Volatility will continue to be the name of the game in European stock markets next week, as jittery investors fear more surprises from the banking sector, analysts said on Friday.

  • Serb Rioters Attack, Break Into US Embassy Thursday, 21 Feb 2008 | 2:01 PM ET
    The U.S. embassy in Belgrade burns after masked attackers broke into the building and set an office on fire at the end of a massive protest against Western-backed Kosovo independence, in the Serbian capital, Thursday, Feb. 21, 2008. More than 150,000 Serbs gathered at the rally vowing to retake the territory which is viewed as Serbia's religious and national heartland.

    Serb rioters broke into the U.S. Embassy and set fire to an office after a massive protest against Kosovo's independence that drew an estimated 150,000 people.

  • Bankers, Bosses, Tax Men and Spies Tuesday, 19 Feb 2008 | 1:25 PM ET

    The tax controversy between tiny Lichtenstein and its big German neighbor is more intriguing than fiction.

  • Tax Fraud Probe Rising to International Incident? Tuesday, 19 Feb 2008 | 6:55 AM ET

    Liechtenstein's Crown Prince Alois on Tuesday accused Germany of launching an attack on the principality's sovereignty by paying an informer for bank details in a massive tax fraud investigation.

  • D. Post New CEO Pledges to Focus on U.S., Postbank Monday, 18 Feb 2008 | 1:52 PM ET

    Deutsche Post logistics and international mail head Frank Appel took over as chief executive and pledged to focus on its loss-making U.S. business and retail bank Deutsche Postbank.

  • Uncertainty Lingers over IKB Rescue, Shares Slump Monday, 18 Feb 2008 | 12:23 PM ET

    Investors in subprime-stricken lender IKB took a further blow on Monday as details of government plans to rescue and sell the bank stoked uncertainty and wiped a further quarter off the shares.

  • Tax Scandal in Germany Fans Complaints of Inequity Monday, 18 Feb 2008 | 6:41 AM ET

    For wealthy Germans, many of whom have long hidden their money outside the country to avoid its high taxes, this has been a weekend of high anxiety. For their fellow citizens, it has been a riveting spectacle, dominating the public discussion for days.

  • German Banks May Write Down More: Deutsche Bank Monday, 18 Feb 2008 | 4:52 AM ET

    German banks may face further write-downs given the difficult market situation, Deutsche Bank Chief Executive Josef Ackermann told Germany's Bild newspaper in an interview published on Monday.

  • Germany Quakes as Tax Dodge Probe Widens Friday, 15 Feb 2008 | 12:31 PM ET

    Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company said on Friday as a tax-dodging probe threatened to ensnare more rich Germans.

  • Deutsche Post Head to Quit after Tax Probe Friday, 15 Feb 2008 | 10:17 AM ET

    Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company said on Friday as a tax-dodging probe threatened to ensnare more rich Germans.