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  • *Berlin, Paris to present joint paper Dec. 1. BERLIN, Oct 20- Germany and France sought to paper over deep differences about how to bolster a faltering European economy, promising on Monday to unveil joint proposals on strengthening investment and competitiveness by early December. They committed themselves to a Dec. 1 deadline but it was not clear the two...

  • *Munich Re, Hannover Re see stable German premiums. BADEN-BADEN, Germany, Oct 20- Germany's Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. "I see no reason why reinsurance prices should fall," Munich Re board member Ludger Arnoldussen told a news conference in the...

  • *Ukraine struggles to secure funds for Russian gas payment. Movement on the gas row was the only sign of progress at talks between Vladimir Putin and Petro Poroshenko on Friday which failed to resolve differences over fighting in eastern Ukraine and a deep crisis in relations. After European Energy Commissioner Guenther Oettinger met Ukrainian officials in...

  • BERLIN, Oct 20- Germany and France agreed on Monday to work towards a deal to boost investment and accelerate economic reforms to revive a stagnating euro zone economy, their finance ministers said. German Finance Minister Wolfgang Schaeuble, who has opposed any big public investment drive, said Paris and Berlin would put forward a joint paper in early December...

  • *Ukraine struggles to secure funds for Russian gas payment. Movement on the gas row was the only sign of progress at talks between Vladimir Putin and Petro Poroshenko on Friday which failed to resolve differences over fighting in eastern Ukraine and a deep crisis in relations. European Energy Commissioner Guenther Oettinger, who will mediate Tuesday's...

  • UPDATE 4-Oil slips below $86 on global oversupply Monday, 20 Oct 2014 | 7:58 AM ET

    *OPEC ministers due to meet in Vienna on Nov. 27. Abundant global oil supplies, particularly of very high quality, light oil, coupled with a gloomy economic outlook from Europe to China pushed Brent last week below $83, to its lowest since 2010. Oil prices are down more than 25 percent since June. Saudi Arabia, Kuwait and Iran have all indicated reluctance to change...

  • *Sees 5.6- 5.8 billion euro operating profit in 2014. FRANKFURT, Oct 20- German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales. SAP said it now expects 2014 operating profit, excluding some special items, of 5.6...

  • FRANKFURT/ PARIS, Oct 20- The European Central Bank has started buying covered bonds, an ECB spokesman said on Monday, opening a new front in its battle to revive the euro zone economy and keep deflation at bay. Shares in euro zone banks outperformed, with Banco Santander up 0.9 percent, Societe Generale up 0.8 percent and UniCredit up 1.6 percent.

  • European Central Bank starts stimulus purchases Monday, 20 Oct 2014 | 7:10 AM ET

    FRANKFURT, Germany— The European Central Bank has started buying securities called covered bonds as it launches its latest stimulus effort aimed at preventing the 18- country eurozone economy from sinking back into recession. An ECB spokeswoman confirmed the purchases began Monday. Covered bonds are investments backed by loans such as mortgages.

  • EU seeks $1.27 billion in Ebola aid for W. Africa Monday, 20 Oct 2014 | 5:55 AM ET

    LUXEMBOURG— The European Union committed itself Monday to step up efforts toward getting 1 billion euros in aid to fight Ebola in West Africa and rejected the idea of halting direct flights coming from the region. So far, the overall anti-Ebola total for the EU, including EU national contributions, stands at 500 million euros, with Britain contributing 160...

  • *Saudi Arabia, Kuwait stop production at Khafji oilfield. LONDON, Oct 20- Brent crude steadied around $86 a barrel on Monday, holding on to a rally from near four-year lows last week on news of a cut in Saudi- Kuwait oil output. But the news was cited as a positive factor by some traders at a time when crude oil production exceeds demand and ahead of an OPEC meeting on Nov. 27...

  • Germany, France to draw up investment plans Monday, 20 Oct 2014 | 3:20 AM ET

    BERLIN— Germany and France agreed Monday to draw up proposals by the beginning of December to boost investment as they try to come up with a strategy that will help shore up the European economic recovery. Though the decision to come up with an investment plan shows the two countries trying to work together closely, the divide between Berlin and Paris on economic...

  • PARIS, Oct 20- French Finance Minister Michel Sapin reaffirmed ahead of a meeting in Berlin with his German counterpart on Monday that France would cut its deficit at a rate appropriate to maintaining a fragile recovery. Sapin reiterated a long-held French view that Germany should lead an effort to boost investment in the euro zone and promised that France...

  • France will cut deficit at appropriate pace - Sapin Monday, 20 Oct 2014 | 2:21 AM ET

    PARIS, Oct 20- French Finance Minister Michel Sapin reaffirmed ahead of a meeting in Berlin with his German counterpart on Monday that France would cut its deficit at a rate appropriate to maintaining a fragile recovery. Sapin reiterated a long-held French view that Germany should lead an effort to boost investment in the euro zone and promised that France...

  • Pilots at Lufthansa long-haul fleet to strike Monday, 20 Oct 2014 | 2:16 AM ET

    BERLIN— A planned strike by pilots at Lufthansa has been expanded to include a one-day walkout Tuesday at the German airline's long-haul fleet. It expanded that to target long-haul services from 6 a.m. to midnight Tuesday. The Lufthansa walkout starts hours after train drivers at Germany's national railway ended a two-day walkout in an unrelated pay dispute.

  • *ECB unveils stress test results Oct 26. LONDON, Oct 19- When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis. A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial...

  • BERLIN, Oct 19- Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said on Sunday. In return, Germany would overlook France's repeated flouting of its pledge to bring its budget deficit inside the euro zone's...

  • BERLIN, Oct 19- Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said on Sunday. In return, Germany would overlook France's repeated flouting of its pledge to bring its budget deficit inside the euro zone's...

  • Pilots at Lufthansa to start 35-hour strike Monday Sunday, 19 Oct 2014 | 7:32 AM ET

    BERLIN— A union representing Lufthansa's pilots has announced a new 35- hour strike against the airline's short-haul fleet starting Monday, the latest in a string of walkouts over retirement benefits. The Vereinigung Cockpit union said the strike targeting Lufthansa's Airbus A320, Boeing 737 and Embraer fleet will start mid-Monday and end at midnight...

  • German finance chief: confident on balanced budget Sunday, 19 Oct 2014 | 6:17 AM ET

    Chancellor Angela Merkel appears determined to stick to plans to get by without new borrowing next year for the first time since 1969, though Germany's growth outlook has weakened and Berlin faces calls from abroad to pump money into the economy. The French ministers were quoted as suggesting to the German daily Frankfurter Allgemeine Zeitung that Germany...