CNBC's Simon Hobbs reports on all the market moving events in Europe today, including consumer confidence in the euro zone and a spike in the biotech and pharma sectors.» Read More
LONDON, April 23- European shares edged down on Wednesday after three days of gains as data showing China's economy was still stuttering offset some broadly reassuring European purchasing manager index numbers.
LONDON- Bank of England will release the minutes of April Monetary Policy Committee meeting- 0830 GMT. HELSINKI- Finnish Prime Minister Jyrki Katainen, Finance Minister Jutta Urpilainen and The Finns Party leader Timo Soini participate in a election debate- 1300 GMT.
*Q1 hit by weaker Russia, China, currency effects. FRANKFURT, April 22- Philips warned on Tuesday it would struggle to post a rise in operating profit for 2014 after slowing demand in China and Russia, combined with the impact of a strong euro, wiped out its first-quarter sales growth.
BERLIN— Germany's Finance Ministry says the government's tax income rose sharply in March and saw a healthy overall first-quarter rise as Europe's biggest economy picked up momentum.
Federal Reserve, Ben Bernanke, will give a speech entitled "Eight Years of Crisis Management at the Federal Reserve and the Way Forward"- 1545 GMT. HALIFAX, Canada- Canadian Finance Minister Joe Oliver will speak at a Halifax Chamber of Commerce lunch in Nova Scotia- 1545 GMT.
SANTIAGO, April 21- A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd, allowing the agreed deal to clear a hurdle.
"If I want to successfully conquer India... I can't do that with a plant in Hamburg, "said Stefan Heidenreich, head of Beiersdorf, whose products range from Nivea to the high-end La Prairie creams. Nivea plans to open a factory in India in 2015, to make creams in smaller, cheaper packs, products with different scents and whitening creams, which are popular in Asia.
*Japan logs largest-ever trade deficit, nudges up dollar/yen. TOKYO, April 21- Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent.
*To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
BERLIN— A senior European Union official says he opposes cutting back gas ties with Russia in the next few years but the bloc should work on diversifying supplies. Russia is a major European gas supplier, and mounting tensions over Ukraine have raised concerns about possible disruption.
It's the story of the documentary "1971," premiering Friday at the Tribeca Film Festival, a film about a little-known but hugely important break-in on March 8, 1971. A group of eight calling themselves the Citizens' Commission to Investigate the FBI broke into a laxly guarded satellite FBI office in Media, Pennsylvania, outside Philadelphia.
WASHINGTON— National Association of Realtors releases existing home sales for March, 10 a.m.. WASHINGTON— Commerce Department releases new home sales for March, 10 a.m..
BERLIN— Ride-hailing app Uber could face a ban in the German capital after the head of the Berlin Taxi Association convinced a local court that the company's service breaks the law.
*Sector facing multi-billion-dollar funding shortfall. LONDON, April 17- Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980 s. Avance Gas listed this week in Oslo.
BERLIN— A Berlin- based researcher says he has managed to fool the fingerprint-based security system on Samsung's new Galaxy S5 smartphone using wood glue and a picture of the original print. Ben Schlabs, who works for Security Research Labs, says the trick is identical to the one hackers used to unlock Apple's iPhone 5 s last year.
FRANKFURT, April 17- German business software maker SAP warned on Thursday that it expects the negative impact of the strong euro to worsen after reporting lower than expected first-quarter results. The currency has gained 2.3 percent on the U.S. dollar and nearly 6 percent against Japan's yen in the past six months.
*Bundesbank chief open in principle to QE, if it is needed. *Drop in inflation sees him open up to the idea. FRANKFURT, April 17- As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy.
PARIS, April 17- Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pickup is failing to halt a price war. PSA Peugeot Citroen saw its European sales volume rise in line with the market last month and for the first quarter overall.
PARIS, April 17- Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but confidential industry surveys show the price war is raging on.
*Q1 operating profit 919 mln euros, below poll of 961 mln. FRANKFURT, April 17- German business software maker SAP warned on Thursday that it expected the negative impact of volatile exchange rates to worsen in the second quarter as the strong euro weighs on its financial results.