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  • Banks borrowed 130 billion euro of four-year loans from the European Central Bank, taking barely more than half of the total money that had been offered this year as the euro zone's economy continues to struggle. Investors had seen it as a final throw of the dice before deciding, probably early next year, if it will put aside Germany's concerns and copy the...

  • ECB stimulus seen as too small, more expected Thursday, 11 Dec 2014 | 5:45 AM ET

    FRANKFURT, Germany— The European Central Bank has handed out 130 billion euros in cheap, long-term loans to banks— part of its effort to stimulate the struggling eurozone economy. Analysts said the amount was too small and made it more likely the ECB will soon have to take more drastic steps such as large-scale bond purchases. The figure for Tuesday's loan...

  • German Cabinet OKs women's quota for directors Thursday, 11 Dec 2014 | 5:12 AM ET

    BERLIN— German Chancellor Angela Merkel's Cabinet has approved legislation that will require leading companies to have at least 30 percent women on their supervisory boards from 2016.. Women hold just 22 percent of positions on the supervisory boards of companies listed in Germany's benchmark DAX index, according to Economy Ministry figures.

  • LONDON, Dec 11- World stocks and oil prices steadied on Thursday as investors waited to see how much help the ECB's latest funding flood could provide the euro zone and if an expected sharp hike in Russian interest rates could stabilize the rouble. The ECB is offering banks ultra-cheap, four-year loans as part of a package of measures to add around 1 trillion euros...

  • DIARY- Top Economic Events to Dec 24 Wednesday, 10 Dec 2014 | 7:01 PM ET

    LONDON- Bank of England Governor Mark Carney and Deputy Governor Ben Broadbent will hold a press conference along with Former Federal Reserve Board Governor Kevin Warsh- 1000 GMT. NEW YORK- Bank of Canada Governor Stephen Poloz speaks before the Economic Club of New York- 1245 GMT. HELSINKI- Bank of Finland Governor and ECB council member Erkki Liikanen to hold a...

  • Crunch loan offer may hold key to next ECB policy move Wednesday, 10 Dec 2014 | 7:00 PM ET

    *Total of 400 bln euros offered in September, December. FRANKFURT, Dec 11- Banks are not expected to take up all the long-term European Central Bank loans offered on Thursday, increasing pressure on the ECB to begin buying sovereign bonds to hit a self-imposed stimulus target. Furthermore, a downgrade of Italy's sovereign debt rating last week and market jitters...

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • German defense company fined over Greek arms deals Wednesday, 10 Dec 2014 | 12:50 PM ET

    Rheinmetall AG said Wednesday that the payment by its Rheinmetall Defence Electronics division will end legal proceedings over the alleged "unauthorized payments." Rheinmetall says the division was accused of "failing to detect and prevent suspicious payments to sales partners due to inadequate internal controls. Rheinmetall shares closed 2 percent...

  • Oil drives European markets lower  Wednesday, 10 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a record low for the 10-year German bund and expectations for ECB QE.

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. *WTI falls almost $2 to $61.97/ bbl, lowest since July 2009. U.S. crude was down $1.69 at $62.13, having fallen $1.85 to $61.97 in early New York trading, its lowest since July 2009.

  • *Eneva says creditor protection plan to help preserve cash. *Eneva plan unlikely to hamper E.ON' s EBITDA, net income. SAO PAULO/ FRANKFURT, Dec 10- Eneva SA, the Brazilian power producer controlled by Germany's E.ON SE and tycoon Eike Batista, filed for creditor protection late on Tuesday after failing to refinance part of its 2.33 billion reais in debt.

  • *OPEC trims world oil demand forecast to 28.92 mln bpd. LONDON, Dec 10- Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, as producers forecast lower demand for their oil next year. Brent futures for January fell to a low of $65.54 a barrel, down $1.30, before recovering slightly to trade around $65.90 by 1215 GMT.

  • GM's Opel to take control of German parts centers Wednesday, 10 Dec 2014 | 7:16 AM ET

    BERLIN— General Motors Co.' s Opel unit says it will take full control of two auto parts distribution centers in Germany that are currently operated by a joint-venture company in which Opel holds a 20 percent stake. Opel board member Peter Christian Kuespert said in a statement Wednesday the company has "made a decision to consider replacement parts logistics a...

  • Former German central bank chief Poehl dies at 85 Wednesday, 10 Dec 2014 | 5:42 AM ET

    BERLIN— Germany's central bank says Karl Otto Poehl, an anti-inflation hawk who led the Bundesbank from 1980 to 1991, has died. Current chairman Jens Weidmann said Wednesday that Poehl "delivered proof that price stability and growth are not a contradiction even in times of great monetary policy challenges." Poehl had clashed with Chancellor Helmut Kohl's...

  • UPDATE 1-BMW outsells Audi and Mercedes but lead narrows Wednesday, 10 Dec 2014 | 4:46 AM ET

    BERLIN, Dec 10- Carmaker BMW has racked up its highest-ever November sales, beating Audi and Mercedes-Benz, but the two German rivals remain on course to narrow BMW's lead in the global luxury car market. By comparison, Volkswagen's flagship Audi division sold 146,250 models, reporting an 11 percent gain on year-ago levels, while Daimler AG's Mercedes-Benz...

  • LONDON, Dec 10- Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, on mounting signs of oversupply and lacklustre demand as global economic growth falters. The price of the North Sea oil benchmark has fallen more than 40 percent since June as new supplies of high-quality crude from North America have fed a glut of fuel in many parts...

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1600 GMT /1100 ET Tuesday, 9 Dec 2014 | 11:45 AM ET

    LONDON- Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares. LONDON- Greek share and sovereign bond markets plunge after the government brings forward a presidential vote, in a political gamble that heightens uncertainty over the country's...

  • Greek stocks plunge ahead of elections  Tuesday, 9 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a plunge for Greek stocks.

  • *BMW production chief to succeed Reithofer as CEO. FRANKFURT/ BERLIN, Dec 9- In a surprise move, BMW said on Tuesday its long-time chief executive Norbert Reithofer would step down in May, one year early, and hand the reins of the Munich- based luxury carmaker to 49- year-old production chief Harald Krueger. Reithofer has run BMW since 2006 and is 58. The company said he...

  • BMW gets new CEO; another BMW exec bails for VW Tuesday, 9 Dec 2014 | 5:00 AM ET

    The biggest news: Luxury carmaker BMW AG said its chief executive, Norbert Reithofer, was leaving his post to become board chairman. Volkswagen poached a top BMW executive— who was immediately seen as a potential successor to VW boss Martin Winterkorn. —Reithofer will become chairman of the board of directors at BMW's shareholder meeting on May 13.