CNBC's Simon Hobbs reports on how European banks are leading the tumble in markets, what the ECB may do to deposit rates, and the end of rally for mining.» Read More
Volkswagen said Tuesday it has increased its stake in German truckmaker MAN to nearly 30%, a move that would give it a better say in guiding the company toward a friendly alliance with Swedish truckmaker Scania.
Consumer confidence in Europe's biggest economy fell despite Germany's economic upswing, as higher value-added tax discouraged spending, according to a forecast of consumer sentiment for March.
German business sentiment for February dipped further than analysts’ expectations, with the retail sector showing the bulk of the weakness, according to the Ifo economic research institute’s data released Friday.
Germany's budget deficit in 2006 fell even lower than predicted to 1.7% of gross domestic product, a government agency said Thursday.
Broadcaster proSiebenSat.1 said Thursday its fourth-quarter profit was up 17% because of increased advertising but the figure was still shy of what analysts had expected.
Insurer Allianz on Thursday said fourth-quarter profit rose 57% as fewer claims were made.
Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
Europe will start the week without the aid of U.S. and Asia as President’s Day and Chinese New Year mean both markets will be closed on Monday 19th.
Commerzbank raised its earnings target for this year after bumping up the dividend on the back of a record 2006 net profit that cemented the group's return to financial health.
Germany's Federal Statistics Office on Tuesday raised its overall 2006 gross domestic product growth estimate after fourth-quarter results came in much stronger than expected.
Germany's KarstadtQuelle, owner of tour operator Thomas Cook, agreed Monday to merge with British package holiday company MyTravel.
Currency issues are expected to take center stage this weekend as finance ministers and bankers from the world’s seven richest nations gather for a meeting in Essen, Germany. Weakness in the Yen will likely spark a debate involving Germany, who wants the G-7 nations to prevent hedge funds from having too much influence over currency markets.
Germany's Deutsche Bank's profit tripled in the fourth quarter over the same period the previous year, part of a sharp rise in full-year profits, the Frankfurt-based bank said Thursday.
Germany's unemployment rate jumped in seasonally unadjusted terms to 10.2% from 9.6% the month before, as some 239,000 more people were out of work, the government labor office said Wednesday.
German real wages declined in 2006, rising at a slower rate than inflation, the Federal Statistics Office said Monday.
Germany's Porsche forecast it would be able to maintain profits this fiscal year after first-half pretax profit easily beat analyst expectations on Friday.
Chancellor Angela Merkel said on Wednesday that Germany would seek to remove exchange rate imbalances, boost hedge fund transparency and launch a new dialogue with emerging powers during its presidency of the Group of Eight (G8) industrialized nations.
Germany's leading breweries all posted increased sales for 2006, partially due to an increase in domestic beer consumption credited to a hot summer of partying surrounding the soccer World Cup.
Germany's budget deficit dropped more than expected in 2006 to 1.9 % of gross domestic product, Finance Minister Peer Steinbrueck said Friday.
German gross domestic product grew 2.5 % in 2006, a significant improvement over the previous year, the Federal Statistics Office reported Thursday.