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  • 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.

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain's EU referendum is known. It is not the only one to rethink...

  • A sober outlook from Brussels and Berlin contrasted sharply with vigorous optimism displayed in Athens, where top officials from the new leftist government made a series of public appearances to promise a deal was just days away. After a meeting in Berlin, the leaders of Germany and France said talks between Greece and its creditors must be accelerated to free...

  • BEIJING, May 19- China has unveiled a vision for the next stage of its economic ascent, moving from plain manufacturing to a world of prosperity from space, e-commerce, green energy and bioengineering, among others. Faced by economic growth at its lowest level in decades and rising wages and resource costs that are eroding its appeal as a low-cost factory for the...

  • WRAPUP 1-Faster ECB money-printing excites investors Tuesday, 19 May 2015 | 8:37 AM ET

    *Signs that Greece is inching towards deal. FRANKFURT/ BRUSSELS, May 19- The European Central Bank will accelerate the pace of money printing to buy government bonds over the next two months, one of its top officials said, while voicing concern about recent swings on bond markets. "The Eurosystem is ready to go further if necessary...," Christian Noyer, who as governor of...

  • Greece: Dissenters rev up pressure on government Tuesday, 19 May 2015 | 7:59 AM ET

    ATHENS, Greece— Three senior members of Greece's governing Syriza party late Monday urged the government to halt bailout repayments— and prepare the country for a possible euro exit. The group of dissenters, headed by the party's former chief economist John Milios, warned that Prime Minister Alexis Tsipras' four-month-old government was being pressured by...

  • PARIS, May 19- Airbus Defense& Space on Tuesday ordered engine software checks on the A400M aircraft following a recent crash of Europe's new military transporter. Four crew members were killed when an A400M crashed in Spain on May during a pre-delivery flight test. Airbus said it had issued an alert asking air forces to examine the plane's' Electronic Control...

  • *China copper consumption seen up over 5 pct in H2. Three month nickel on the London Metal Exchange fell 2.6 percent to $13,400 a tonne by 0935 GMT, the biggest one-day percentage decline since April 7, after shedding 1.5 percent in the previous session. Before the nickel price can rise sustainably, there's a need to see lower LME stockpiles, "said analyst Daniel...

  • Supercar makers neglect women at their peril Tuesday, 19 May 2015 | 5:45 AM ET

    *Proportion higher in China, world's top auto market. JONA, Switzerland, May 19- Supercar makers are like teenage boys at a high school dance, according to business consultant Belinda Parmar. "Any woman could drive those cars," said Sonja Heiniger, the Swiss owner of an Internet services firm who has owned four Lamborghinis and hits the racetrack in a Porsche.