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  • UPDATE 2-Airbus wins board spat with Spain, to renew CEO Wednesday, 27 May 2015 | 2:56 PM ET

    AMSTERDAM, May 27- Airbus Group faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe's largest aerospace company consolidated a recent push for political independence. France and Germany own 11 percent each of Airbus Group and Spain controls 4.1 percent.

  • DRESDEN, Germany— Top finance officials from the Group of Seven wealthy democracies are gathering in Germany this week to discuss ways to strengthen the global economy. U.S. officials are pressing countries such as Germany that have strong finances to invest more to stimulate their economies. The Group of Seven, or G-7, meets against the background of a...

  • UPDATE 1-German regulator expects "lively" mobile auction Wednesday, 27 May 2015 | 8:34 AM ET

    FRANKFURT/ MAINZ, Germany, May 27- Germany started an auction of radio frequencies for mobile phone network operators, hoping to raise billions of euros to help improve a national broadband network that has fallen behind those of poorer countries such as Hungary, Portugal and Spain. "The auction will point the way for the development of mobile services in Germany,"...

  • Germany lobbies India to buy Eurofighters, submarines Wednesday, 27 May 2015 | 8:31 AM ET

    NEW DELHI, May 27- Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project. Germany has taken the lead in the sales pitch to India for the Eurofighter, made by Alenia Aermacchi, a subsidiary...

  • German consumers remain optimistic for June Wednesday, 27 May 2015 | 6:05 AM ET

    BERLIN— A closely-watched survey shows German consumers remain optimistic as their economic expectations and willingness to make purchases have been bolstered by robust domestic demand and low inflation rates. The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.2 points for June, up from 10.1 points in May.

  • Crew abandon North Sea freighter amid risk of explosion Wednesday, 27 May 2015 | 4:02 AM ET

    BERLIN— Emergency officials say the crew of a freighter carrying fertilizer has abandoned the ship off the German coast because of the risk of explosion. Residents along the North Sea coast in the region around Bremerhaven had reported a strong smell, likely caused by fumes from the ship. Germany's Central Command for Maritime Emergencies said in a statement...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • BERLIN, May 26- Germany and France have agreed plans to strengthen cooperation among euro zone countries without changing existing EU treaties, in a potential setback for British Prime Minister David Cameron as he holds key meetings this week with both countries' leaders. The blueprint would bolster the 19- nation euro zone, of which Britain is not a member, by...

  • European shares stumble on Spanish and Greek worries Tuesday, 26 May 2015 | 12:28 PM ET

    *Ryanair shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 5.4 percent after posting higher profits.

  • NEW YORK, May 26- The U.S. dollar rallied on Tuesday after a string of healthy economic data boosted near-term rate hike prospects, while Greece's financial crisis and signs of growing opposition to austerity in Spain weighed further on the euro. Markets in the United States as well as London and Frankfurt returned to action after a long holiday weekend, with the...

  • ATHENS/ BRUSSELS, May 26- Greece and its Europeans creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week. Running short of cash to pay public sector salaries, pensions and debt obligations, senior members of Prime Minister Alexis Tsipras's government have said openly that Greece does...

  • *Profit up 66 pct in year to March 31. DUBLIN, May 26- Ryanair forecast a 10 percent rise in profit and passenger numbers in its current financial year as it targets more primary airports and improves its online offering to compete better with rivals such as easyJet and former flag carriers. Ryanair has made huge strides in catching up with rivals since launching...

  • *Shoppers spend longer on Zalando, ASOS than most brand sites. BERLIN, May 26- U.S. label Gap Inc's launch on Zalando, Europe's top online fashion retailer, this month has exceeded expectations and Gap children's clothes are already one of the top-selling kids' brands on the site, the German company said. For Gap, using Zalando is a way to expand sales in continental...

  • Spanish and Greek concerns peg back European shares Tuesday, 26 May 2015 | 6:45 AM ET

    *Ryanair's shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday, as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 6.3 percent after posting higher profits.

  • FRANKFURT, May 26- German exchange operator Deutsche Boerse is set to unveil a joint venture with Shanghai Stock Exchange and China Financial Futures Exchange aimed at easing European investors' access to Chinese shares and ETFs, two people familiar with the plans said. "A central goal for Deutsche Boerse is to expand its cooperation with China," one of the people...

  • BERLIN/ BRUSSELS, May 26- A senior German official said on Tuesday there was no reason to believe Greece would be in default after a 300 million euro payment to the IMF falls due on June 5. Separately, euro zone officials said deputy finance ministers would hold a teleconference on Thursday to follow up on days of negotiations between representatives of Greece and...

  • LONDON, May 26- Greece's financial crisis and signs of growing opposition to austerity in Spain sent the euro to its lowest level in a month on Tuesday, while shares and commodities took a knock as the dollar powered higher. Europe's main markets returned to action after a long weekend with the mood unsettled by Sunday's strong local election showing by...

  • LONDON, May 26- European shares fell on Tuesday, the first day of the trading week for several markets after a long holiday, with a local-election battering for Spain's government and Greece's ongoing debt drama offsetting bumper airline results. Although Monday's poor local election result for the Madrid government had already hit Spanish stocks on Monday,...

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • *Volumes thin with London, Frankfurt and New York closed. LONDON, May 25- European equities fell on Monday, with the Spanish and Greek stock markets hit by investors' concerns over Greece's debt problems and a poor local election result for the Madrid government. Athens' main index equity index fell 1.2 percent after Greece's interior minister said on Sunday the...