BASF CEO Kurt Bock told CNBC the firm's results were "solid and robust" in the current climate, despite falling short of analysts' expectations.
European stocks were expected to open lower on Thursday, adding to losses from Wednesday's session which was dominated by fears over the US debt ceiling.
Sales at Bayer, the German pharmaceuticals company, rose 5.4 percent to 9,252 million euro ($13,282 million) in the second quarter.
Italian bank shares were sharply lower in Wednesday morning trade after Reuters reported German Finance Minister Wolfgang Schaeuble said the euro zone's rescue fund should only purchase bonds on the secondary market in exceptional circumstances.
European stocks were indicated to open slightly lower on Wednesday as investors kept a close eye on attempts to get agreement on the US debt ceiling and ahead of a raft of corporate earnings.
On Tuesday, investors started to wonder if bullish bets on global growth might be premature after UPS voiced caution about economy.
The euro zone economy is recovering at a growth rate which is "above potential", albeit "not very strongly", European Central Bank Executive Board Member Lorenzo Bini Smaghi told CNBC on Tuesday.
Investors are unlikely to take up in sufficient numbers the voluntary swap scheme set up by the euro zone for Greek bonds because they will be tempted to sell at the higher prices found at the short-end, investment bank JPMorgan says.
The claim by the UK Office for National Statistics that the country's second quarter GDP growth could have been as high as 0.7 percent, were it not for 'special factors' like the royal wedding and the Japanese tsunami, has been described as "bizarre" by economist Ruth Lea.
European stocks were predicted to open slightly higher on Tuesday after closing down on Monday amid renewed concerns over the European debt crisis and political deadlock in Washington over the US debt ceiling.
Just days after European policymakers toasted a 109 billion euro ($156 billion) bailout aimed at hauling Greece back from the brink of insolvency, speculation some of its hapless bondholders might opt out of a crucial distressed debt exchange is gathering pace.
Even after billions in debt forgiveness and a massive second bailout, Greece still faces a debt to GDP ratio of at least 100 percent, Charles Dallara, managing director of the Institute for International Finance, told CNBC in an exclusive interview Monday.
The increasing acceptance of Islamophobia and anti-immigration rhetoric in the mainstream of European political discourse has created a space for a resurgent and self-confident far-right that has become a credible threat to security and society.
Ireland sold a 1.1 billion euro ($1.6 billion) stake in Bank of Ireland to a group of unidentified investors on Monday to keep the country's largest bank out of state hands and provide a rare boost to a battered sector and bruised economy.
I have never been a natural pessimist so here are some snippets of positive reaction to keep your half-full glasses topped up, writes CNBC's Anna Edwards following an agreement on a second Greek bailout.
European stocks were expected to open sharply lower on Monday after they ended higher for the day and week on Friday following a successful conclusion to the euro zone debt deal on Thursday and better than expected earnings news.
CNBC's Melissa Francis looks at the week's top business news and investing advice, including sovereign debt plays and tech stocks.
The new rescue plan for Greece will not solve the long-term problems in the euro zone, analysts and investors told CNBC Friday.
European stocks were set to open higher on Friday, as euro zone leaders finally agreed on a fresh bailout for Greece and on enhanced powers for the monetary union's rescue fund.
Banks across Europe are braced to take as much as 17 billion euro ($24.5 billion) of writedowns on their holdings of Greek sovereign debt within a matter of days.