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  • *G7 ministers to discuss Greece, yuan, growth, bubbles. BERLIN, May 21- German Finance Minister Wolfgang Schaeuble has told Reuters the Greek government's optimism about clinching a cash-for-reforms deal with its lenders within days is not backed up by the negotiations, and he cannot rule out Greece becoming insolvent. But Schaeuble said reports from the...

  • *Deutsche Bank reshuffles management board. *Rainer Neske, retail chief and others to depart. FRANKFURT, May 21- Deutsche Bank boosted the power of co-chief executive Anshu Jain in a management shakeup, but shareholders dismissed the moves as insufficient and demanded more changes to restore confidence in the leadership of Germany's largest bank.

  • FRANKFURT, Germany— Accounts of the European Central Bank's last meeting show it is committed to completing its 1.1 trillion-euro stimulus program. But minutes to the ECB's April 15 policy meeting released Thursday confirm it is committed to its "firm implementation" until at least September next year. The ECB's governing council, the minutes say, "reaffirmed...

  • *Deutsche Bank reshuffles management board. FRANKFURT, May 21- Deutsche Bank has beefed up the powers of co-chief executive Anshu Jain and reduced the influence of his partner Juergen Fitschen in a management shake-up aimed at improving performance and mollifying shareholders. The changes, revealed late on Wednesday, make Indian-born Jain accountable for...

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • ECB under fire over market-sensitive closed-door speech Wednesday, 20 May 2015 | 3:15 PM ET

    *ECB speech released only day after delivery. LONDON/ FRANKFURT, May 20- The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended released. Coeure gave the speech to the conference in London, which was also attended by bankers and academics, on Monday evening.

  • European markets close: Greece, Burberry & more   Wednesday, 20 May 2015 | 11:22 AM ET
    European markets close: Greece, Burberry & more

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the ECB meeting on Greece, and Burberry earnings.

  • *Greece mulls banking transaction tax- sources. ATHENS, May 20- Greece cannot make an upcoming payment to the International Monetary Fund on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default. Talks between Greece and its lenders have foundered on Athens'...

  • Millions of German commuters hit by rail strike Wednesday, 20 May 2015 | 7:43 AM ET

    BERLIN— Some six million Germans are facing difficult commutes after a small train drivers' union began an indefinite strike, paralyzing the country's rail network. The GDL union gave no indication of how long the walkout, which started Wednesday, would last. Germany's chamber of commerce says the nine strikes together could cost the country's economy 1...

  • Despite growth uptick, full recovery still far for Europe Wednesday, 20 May 2015 | 6:58 AM ET

    FRANKFURT, Germany— Europe's economy has been down so long, even a bit of growth looks like recovery. Cheap oil helped, as has the launch of a 1.1 trillion euro monetary stimulus by the European Central Bank. —The eurozone lags almost four years behind the United States, which recovered the output lost during the global financial crisis in late 2011..

  • Swiss bank UBS settles US legal cases for $545 million Wednesday, 20 May 2015 | 5:24 AM ET

    BERLIN— Swiss bank UBS says it is pleading guilty to wire fraud and is paying $545 million to settle U.S. cases of market manipulation. The bank said Wednesday that under the deal with U.S. authorities it will be granted conditional immunity from prosecution in a Department of Justice probe on the manipulation of foreign exchange rates. UBS AG said it was the first...

  • Rate hike not right until early 2016: Fed's Evans Wednesday, 20 May 2015 | 4:32 AM ET
    Charles Evans

    A hike in U.S. interest rates is not likely to be appropriate until early 2016, Chicago Federal Reserve President Charles Evans said on Wednesday.

  • MUNICH, May 20- A hike in U.S. interest rates is not likely to be appropriate until early 2016, Chicago Federal Reserve President Charles Evans said on Wednesday. "Inflation is too low," Evans told an audience in Munich. Evans argued for rates to start rising in early 2016 in a speech in Stockholm on Monday, though he also said the Fed could look at a hike in June if the...

  • DIARY- Top Economic Events to June 1 Tuesday, 19 May 2015 | 8:01 PM ET

    LONDON- Bank of England releases updated policy statement on dormant bank accounts- 0900 GMT. MUNICH- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the National Association for Business Economics International Symposium: "Economic Growth, Monetary Policy, and Structural Reform:...

  • May 19- Conergy, once Europe's largest solar firm by sales, said it was looking to acquire up to two companies in 2015 to scale up before it goes public. Conergy is looking to buy a large, regional solar company or another private company with a global presence, said de Pass, who took over as CEO in March. De Pass previously worked at Kawa Capital Management and led the...

  • *Paris- based Kepler Cheuvreux has taken measures on Greece. LONDON/ ATHENS, May 19- Greece's cash crunch has pushed several European brokers to cut back on Greek share trading or restrict approval of new positions in case Athens imposes capital controls, industry sources told Reuters. Trading sources in Athens said global banks were still routing Greek trades,...

  • BERLIN— Some 31,000 residents in the northern German city of Hannover are being forced to temporarily evacuate their homes after construction crews found an unexploded 250- kilogram bomb underneath a former high school. Even 70 years after the end of World War II, unexploded bombs are still found relatively frequently in Germany, generally during...

  • LONDON, May 19- Nickel prices posted their biggest one-day fall in a year on Tuesday after inventories jumped to a record high, accentuating an overhang of supplies weighing on the market. Before the nickel price can rise sustainably, there's a need to see lower LME stockpiles, "said analyst Daniel Briesemann at Commerzbank in Frankfurt. LME nickel inventories...

  • Marseille Prosecutor Brice Robin said Tuesday that death certificates for everyone aboard the doomed Airbus A320 jet have been signed and turned over to officials at German airline Lufthansa, parent company of the low-cost airline. Authorities say co-pilot Andreas Lubitz intentionally crashed the Barcelona- Duesseldorf flight into a mountain, but are...

  • European markets close: Powerful rally   Tuesday, 19 May 2015 | 11:30 AM ET
    European markets close: Powerful rally

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including ECB comments lifting stocks and bonds.