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  • German consumers optimism showing signs of worry Thursday, 23 Apr 2015 | 3:21 AM ET

    BERLIN— A closely-watched survey shows German consumers remain optimistic but may be beginning to show signs of worry about the potential impact of Greece's fiscal woes. The GfK research group said Thursday its forward-looking consumer climate index rose to 10.1 points for May, up from 10 points in April, driven largely by an increase in consumers' income...

  • FRANKFURT, Germany— Swiss-based pharmaceutical company Novartis reported a large jump in first-quarter net profit Thursday as it recorded one-time gains from deals with other drug companies. Novartis sold its animal health business to Lilly. It also bought cancer drugs from GSK and sold its non-flu vaccines business, while Novartis and GSK combined their...

  • NEW YORK, April 22- The Apple Watch will launch with a whisper rather than a bang on Friday, an unusual start for the company that may reflect early uncertainty about demand for Apple Inc boss Tim Cook's first new product. Apple was unsure whether the watch would create the lines snaking around stores that the company has historically seen with its iPhones, said...

  • DIARY- Top Economic Events to May 5 Wednesday, 22 Apr 2015 | 8:01 PM ET

    WASHINGTON- The Atlantic holds summit on the economy. WASHINGTON- Senate Finance Committee holds hearing on nominations of Anne Elizabeth Wall to be a deputy undersecretary of the Treasury and Brodi Fontenot to be chief financial officer, U.S. Department of the Treasury- 1800 GMT. RIGA- Germany's Bundesbank board member Andreas Dombret speech on developing...

  • FRANKFURT, April 22- Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW, Audi and Daimler, a German magazine reported on Wednesday. Nokia is also trying to drum up interest from Apple Inc, Alibaba Group Holding Ltd and Amazon.com Inc, Bloomberg reported, citing people familiar...

  • Deutsche Bank to post profit despite legal hit Wednesday, 22 Apr 2015 | 1:55 PM ET
     Deutsche Bank

    Deutsche Bank will post a profit in the first quarter despite litigation costs of 1.5 billion euros.

  • BERLIN— Germany's biggest bank, Deutsche Bank AG, says it expects to book litigation costs of about 1.5 billion euros in its first-quarter earnings report. Deutsche Bank said in a brief statement Wednesday that, despite the costs, it "will be profitable in the first quarter and will report near-record revenues." It didn't offer more details about the litigation...

  • European markets close: Greek bonds rally   Wednesday, 22 Apr 2015 | 11:28 AM ET
    European markets close: Greek bonds rally

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including consumer confidence falling.

  • *Ghana hoped arbitration would reassure investors. *Ghana and Ivory Coast are economic rivals. DAKAR/ ACCRA, April 22- Ghana's decision to seek arbitration in a dispute with Ivory Coast over an oil-rich basin in the Atlantic could prove costly for the country and a consortium led by Tullow if a court halts development there.

  • Germany: 'Very limited expectations' of Greece deal Friday Wednesday, 22 Apr 2015 | 11:13 AM ET

    ATHENS, Greece— Chances are low that a meeting of eurozone finance ministers on Friday will produce a deal that might unblock urgently needed bailout funds for Greece, Germany said Wednesday. In return for a four-month extension of the bailout that has kept Greece afloat since 2010, Athens had pledged in February to produce a comprehensive package of reforms...

  • FRANKFURT, Germany— Breast cancer drugs such as Herceptin as well as new uses for multi-cancer drug Avastin helped Swiss pharmaceutical firm Roche grow sales by 3 percent during the first quarter. Group sales rose 3 percent to 11.83 billion Swiss francs. CEO Severin Schwan said Wednesday that "we started the year with strong growth and good uptake of new...

  • Deutsche Bank expects supervisor queries into media leaks Wednesday, 22 Apr 2015 | 9:25 AM ET

    FRANKFURT, April 22- Deutsche Bank is preparing for an investigation by regulator Bafin into the source of information in the media about its ongoing strategic discussions, it said on Wednesday. Deutsche, Germany's flagship bank, said it was preparing to begin its own audit in anticipation of queries by Bafin into how details of internal and private...

  • German defense minister: widely used rifle has no future Wednesday, 22 Apr 2015 | 9:12 AM ET

    BERLIN— A widely used assault rifle has "no future" with the German military in its current form, Germany's defense minister said Wednesday, escalating a dispute over the weapon's alleged shortcomings. Germany also has supplied some 8,000 of the rifles to Kurdish forces battling the Islamic State group in northern Iraq. Von der Leyen herself has faced questions...

  • But Reuters polls of more than 250 economists across Europe and North America show only modest upgrades to growth forecasts and a reluctance to relinquish a depressed inflation view, despite the rush of rate cuts and central bank cash that most respondents believe is far from over. Germany's DAX index has rallied more than 20 percent since the start of the year...

  • BERLIN, April 22- The German government raised its economic growth forecasts to 1.8 percent for this year and next on Wednesday as Germany rides high on a tide of strong private consumption thanks to rising employment, bigger paychecks and cheap oil. Back in January Berlin had estimated that Europe's biggest economy would expand by 1.5 percent in 2015 and by 1.6...

  • ATHENS/ BRUSSELS, April 22- Greece can scrape together enough cash to meet its payment obligations until June, euro zone and Greek officials said on Wednesday, playing down fears of an imminent default as hopes receded of a deal with its creditors to release fresh aid. Greece has received two international bailouts worth 240 billion euros since 2010 but its...

  • BERLIN— The German government says it expects the country's economy to grow by 1.8 percent this year, an improvement on its January forecast of 1.5 percent. Economy Minister Sigmar Gabriel says growth in 2016 is predicted to also reach 1.8 percent, up from the 1.6 percent previously predicted. Gabriel told reporters in Berlin on Wednesday that the government...

  • FRANKFURT, April 22- Nokia's maps business has drawn interest from at least four potential buyers including Facebook and a consortium of German carmakers BMW, Audi and Daimler, a German magazine reported on Wednesday. Hellman& Friedman, BMW, Audi and Daimler were not immediately available for comment. Finland's Nokia said last week it had started a strategic...

  • FRANKFURT, April 22- Nokia's maps business has drawn interest from at least four potential acquirors, including Facebook and a consortium of German carmakers BMW, Audi and Daimler, a German magazine reported on Wednesday. Uber, Hellman& Friedman, BMW, Audi and Daimler were not immediately available for comment. Finland's Nokia said last week it had started a...

  • Transport chaos as public sector strike hits Brussels Wednesday, 22 Apr 2015 | 2:22 AM ET

    BRUSSELS— Much of the transport in Europe's capital, Brussels, came to a halt Wednesday as public sector workers held a one-day strike over Belgian government austerity measures. The big Brussels Nord station was fully closed and the trains to Brussels from Paris and London were also severely affected, although those between London and Paris were running as...