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  • *Reiterates 2015 operating profit of 5.6- 5.9 bln euros. FRANKFURT, April 21- German business software maker SAP reported a 15 percent rise in operating profit helped by a cheap euro, even as rising investment in newer cloud-based software squeezed its profit margin. Europe's largest software company said on Tuesday first-quarter operating profit, excluding...

  • FRANKFURT, Germany— Buoyant financial markets helped Credit Suisse Group AG overcome the impact of a surging Swiss franc to post a solid 23 percent increase in first quarter profit. The bank said Tuesday that it made 1.054 billion Swiss francs in the first quarter, ahead of the consensus of analysts' expectations at around 1.03 billion francs.

  • LONDON, April 20- Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday. Hamburg- headquartered Hapag-Lloyd, which completed a merger with Chile's Compania Sud Americana de Vapores in December,...

  • German train drivers' union calls for 2-day strike Monday, 20 Apr 2015 | 12:32 PM ET

    BERLIN— A union representing German train drivers has called its members out on strike Wednesday and Thursday in a long-running dispute with the national railway operator. The GDL union said passenger services will be hit from 2 a.m. Wednesday through 9 p.m. Thursday. Members on freight trains will walk off the job Tuesday afternoon and return to work Friday...

  • European stocks boosted by telecoms, China stimulus Monday, 20 Apr 2015 | 11:54 AM ET

    *Telenet, KPN shares rise after Belgian deal. LONDON, April 20- European shares made a positive start to the week on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though gains were not enough to entirely erase the losses from Friday's sharp sell-off. Volkswagen, the only German blue-chip stock to fall, was depressed after Scania order...

  • Struggling Greece puts state funds in loan basket Monday, 20 Apr 2015 | 7:39 AM ET

    ATHENS, Greece— Greece's cash-strapped government has ordered reserves from state agencies to be placed in a basket account to help the country meet obligations, officials said Monday as bond market traders fretted over the risk of default. Greece's lenders from the 19- country eurozone and International Monetary Fund are demanding reforms that include...

  • FRANKFURT, April 20- The leaders of Volkswagen's supervisory board plan to meet soon to try to iron out an effective working relationship between Chairman Ferdinand Piech and Chief Executive Martin Winterkorn amid a leadership crisis at the automaker, a German newspaper reported on Monday. Several key members of the supervisory board including Piech are to...

  • Vacationers to Europe will fare better with the average ticket down 3 percent to $1,619, about $50 less than last summer. Flights to Hawaii, Florida and New Orleans are cheaper, but travelers heading to New York, Denver and San Francisco can expect to pay more. Overall fares are down but it will cost more this summer to fly to cities like Amsterdam; London; Budapest,...

  • REUTERS BUSINESS SCHEDULE AT 2000 GMT / 4:00 p.m. ET Sunday, 19 Apr 2015 | 4:50 PM ET

    ATHENS- Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers' gathering two days later, a Greek government official tells Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock aid. BOJ's Kuroda says Japan inflation to' gradually accelerate' toward target. WAYZATA, Minn.- Bank of Japan Governor...

  • *Italy calls for emergency EU meeting this week. PALERMO, Italy April 19- As many as 700 migrants were feared dead on Sunday after their boat capsized in the Mediterranean, raising pressure on Europe to face down anti-immigrant bias and find money for support as turmoil in Libya and the Middle East worsens the crisis. If the death toll is confirmed, it will bring to...

  • *Italy calls for emergency EU meeting this week. PALERMO, Italy April 19- As many as 700 people were feared dead after a fishing boat packed with migrants capsized off the Libyan coast overnight in what officials said may be the Mediterranean's worst disaster as thousands flee poverty and war to Europe. Only last week, around 400 migrants were reported to have died...

  • Chairman Piech's grip on VW weakened by row with CEO Sunday, 19 Apr 2015 | 11:41 AM ET

    *Big shareholder Porsche says eager to calm situation. BERLIN/ HAMBURG, April 19- Volkswagen Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters. After an emergency meeting in Salzburg last...

  • FRANKFURT, April 19- Families of the victims of the Germanwings crash are considering filing a claim for damages in the United States if they cannot reach agreement with parent airline Lufthansa in Germany, a lawyer representing the families said on Sunday. "If the airline is not prepared to do so, however, we will look seriously at making a claim in the United...

  • BERLIN, April 18- Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food, labour and environmental standards. Opposition to the Transatlantic Trade and Investment Partnership is particularly high in Germany, in part due to...

  • MOSCOW/ BERLIN, April 18- Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. During his visit to Moscow, Tsipras had expressed interest in participating in a pipeline that would bring Russian gas to Europe...

  • FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said. The choice to keep most retail operations and offload only Postbank, which Deutsche bought in steps for about 6 billion...

  • Germany to raise growth forecasts next week - sources Saturday, 18 Apr 2015 | 7:04 AM ET

    BERLIN, April 18- The German government is on the verge of raising its growth forecasts for this year and next, but its new projections will be more conservative than those published by leading economic institutes earlier this week, two government sources told Reuters. Berlin is currently forecasting growth of 1.5 percent this year and of 1.6 percent in 2016..

  • BERLIN/ HAMBURG, April 17- Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business. The committee issued a statement on Friday giving Winterkorn its "full support" and announcing that it would...

  • European markets close: Friday selloff   Friday, 17 Apr 2015 | 11:30 AM ET
    European markets close: Friday selloff

    CNBC's Carl Quintanilla reports on all the market moving events in Europe today, including investors seeking safety in the German 10-year yield.

  • BERLIN— Volkswagen CEO Martin Winterkorn will remain in his job and can look forward to having his contract extended, the leadership of the board said Friday, after a comment by chairman Ferdinand Piech raised widespread doubts about his future. A turbulent week for Europe's biggest automaker started when Piech, who has long been the company's key powerbroker,...