CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Spain falling back into negative territory and a fall for the euro to a 9 month low.» Read More
The 83- year-old Ecclestone went on trial in Munich in April, charged with bribery and incitement to breach of trust. He has been running Formula One while attending court sessions in Munich twice a week.
BERLIN/ FRANKFURT, July 29- The knock to confidence from harsher European sanctions on Russia could spoil the euro zone's budding economic recovery even if it shrugs off the fallout on trade.
Don't look now, but European bond investors are sending yields to lows unseen in at least 200 years.
*Q2 pretax income up 16 percent to 917 million euros. FRANKFURT, July 29- Deutsche Bank AG's bid to become "last man standing" in European investment banking is working, the bank said on Tuesday, even as the threat intensifies of costly litigation and regulatory actions.
FRANKFURT/ ZURICH, July 29- Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
FRANKFURT, July 29- Deutsche Bank's plan to become "the last man standing" in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income.
WASHINGTON— Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks. Obama and U.S. allies also warned that Russia was building up troops and weaponry along its border with Ukraine.
BERLIN— Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.
*Q2 oper profit 969 mln euros vs Rtrs poll avg 965 mln. FRANKFURT, July 29- German industrial gases maker Linde reported a decline in quarterly profits on Tuesday, hit by unfavourable foreign exchange rate fluctuations.
UBS AG said its net profit for the April-June period rose to 792 million Swiss francs from 690 million francs in the comparable period in 2013.. Shares in UBS slid 1.81 percent to close at 16.32 francs in Zurich trading Tuesday.
WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.. WASHINGTON— The Conference Board releases the Consumer Confidence Index for July, 10 a.m.. WASHINGTON— House Energy and Commerce subcommittee hearing on EPA's proposed clean power plan and grid reliability challenges.
*FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks edged lower on Monday, with unspectacular U.S. data and new European sanctions against Moscow offsetting strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including talks of sanctions against Russia and a ruling by The Hague against the Russian government to pay more to ex-Yukos shareholders.
BERLIN— A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's financial system more resilient.
The EU has frozen assets and banned travel for some Russian officials, after Russia annexed Ukraine's Crimea region and began supporting separatists fighting Kiev's forces in eastern Ukraine.
*FTSEurofirst 300 flat, Euro STOXX 50 up 0.1 pct. *Ryanair, Reckitt outperform on earnings, dealmaking. LONDON/ PARIS, July 28- European stocks traded flat on Monday, with strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser balancing concerns over the implications of new international sanctions on Russia.
But Romania ranks as the European Union's second-poorest state and among the weakest in collecting taxes and fighting fraud, making it poorly equipped to manage the bitcoin.
*Jumia adding retail sites for Uganda, Ghana and Cameroon. BERLIN, July 28- Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets- Uganda, Ghana and Cameroon, the company said on Monday.
NEWPORT NEWS, Va.— NEWPORT NEWS, Va.— Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy— and pollution.
LUENEN, Germany— One of Germany's newest coal-fired power plants rises here from the banks of a 100- year-old canal that once shipped coal mined from the Ruhr Valley to the world. Coal mining's demise in Germany comes as the country is experiencing a resurgence in coal-fired power, one which the U.S. increasingly has helped supply.