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  • LONDON, April 23- Deutsche Bank traders sent casual messages to colleagues politely asking them to rig global interest rate benchmarks, as a six-year criminal campaign of fraud became routine practice at Germany's biggest bank, British regulators said on Thursday. While other banks have already been implicated in rate rigging- including Britain's Barclays,...

  • Business events scheduled for Friday Thursday, 23 Apr 2015 | 1:10 PM ET

    WASHINGTON— Commerce Department releases durable goods for March, 8:30 a.m. Eastern. BERLIN— Germany's Ifo institute releases its monthly business confidence index, a key indicator for Europe's biggest economy. RIGA, Latvia— European Union finance ministers gather in Riga for two-day meeting.

  • LONDON/ NEW YORK, April 23- U.S. and British authorities fined Deutsche Bank $2.5 billion, accused Germany's largest lender of obstructing regulators and ordered it to fire seven employees in the eighth global settlement of alleged benchmark interest rate rigging. U.S. regulators fined Deutsche Bank $2.12 billion and UK watchdogs imposed a $340 million...

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. The leftist Greek premier met the conservative German leader before an emergency European Union summit on migration, a day before euro zone finance ministers meet in Riga to review progress-- or the lack of it-- in slow-moving negotiations between Athens and its international lenders.

  • European markets close: Soft PMI   Thursday, 23 Apr 2015 | 11:28 AM ET
    European markets close: Soft PMI

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Purchasing Managers' Index falling to 53.5 in April from 54.0 in March.

  • Study: Self-driving 'taxibots' could replace 9 in 10 cars Thursday, 23 Apr 2015 | 10:54 AM ET

    BERLIN— Transportation experts say car-congested cities could become a thing of the past, provided people are prepared to ride-share with a robot driver. A study published Thursday by the Paris- based Organization for Economic Cooperation and Development suggests that widespread use of "taxibots" could cut by 90 percent the number of cars needed to perform...

  • BERLIN, April 23- Volkswagen Chairman Ferdinand Piech denied he planned a second attempt to get rid of Chief Executive Martin Winterkorn after a rift between the two plunged Europe's biggest carmaker into crisis. Earlier on Thursday, broadcaster NDR reported that Piech did not feel bound by last week's decision and was seeking support within the ruling...

  • BRUSSELS, April 23- Greek Prime Minister Alexis Tsipras called for a speeding up of the process to conclude a reform-for-cash deal with euro zone creditors after talks with German Chancellor Angela Merkel on Thursday, a Greek official said. The official said the short meeting on the sidelines of a European Union summit in Brussels- their first since Tsipras...

  • *Germany relies on manufacturing more than US, W Europe. FRANKFURT, April 23- If customers of Germany's Harting Group, a maker of industrial plugs and sockets, want bespoke products, they can buy them-- if they're prepared to assemble them from a kit themselves. Harting is one of a growing number of German firms investing in software, fearing their excellence in...

  • STOCKHOLM, April 23- Mobile telecoms equipment maker Ericsson posted a surprise fall in profits on Thursday and warned of continued weak profitability as spending by U.S. network operators remains sluggish, forcing it to rely on China, where margins are lower. Profitability was particularly weak in its mainstay networks unit as sales in North America fell...

  • China challenges US dominance in Asia Thursday, 23 Apr 2015 | 9:39 AM ET
    China President Xi Jinping (L) sits with Pakistani Prime Minister Nawaz Sharif during their meeting in Islamabad, on April 20, 2015 Xi Jinping his maiden visit to Pakistan on Monday.

    President of China announced plans for $46 billion of new infrastructure spending in Pakistan, reports The Fiscal Times.

  • LONDON/ NEW YORK, April 23- U.S. and British regulators fined Deutsche Bank $2.5 billion and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks. Britain's Financial Conduct Authority said the misconduct involved at least 29 Deutsche Bank...

  • BRUSSELS/ BERLIN, April 23- German Chancellor Angela Merkel was expected to press Greek Prime Minister Alexis Tsipras on Thursday to move faster to agree detailed economic reforms crucial to unlock international bailout funds before Athens runs out of cash. The conservative German leader was due to meet the leftist Greek premier just before an emergency...

  • Deutsche Bank to pay $2.5B for interest rate violations Thursday, 23 Apr 2015 | 8:14 AM ET

    ALBANY, New York— Deutsche Bank has agreed to pay $2.5 billion in a settlement with U.S. and British authorities over the manipulation of benchmark interest rates used globally for its own financial gain. Deutsche Bank has fired "numerous" employees who were involved and is installing an independent monitor at its New York branch, according to New York's...

  • FRANKFURT, April 23- Gadget maker Logitech International SA said on Thursday quarterly operating profit fell 34 percent on steep currency declines and shrinking demand for accessories like the computer mouse on which it built its global brand name. Logitech has refocused on new lines like wireless music speakers, videoconferencing and video game...

  • FRANKFURT, April 23- Gadget maker Logitech International SA said on Thursday quarterly operating profit fell 34 percent on steep currency declines and shrinking demand for accessories like the computer mouse on which it built its global brand name. Logitech has refocused on new lines like wireless music speakers, videoconferencing and video game...

  • German train drivers on strike for second day Thursday, 23 Apr 2015 | 4:43 AM ET

    BERLIN— German train drivers are on strike for a second day, causing scores of cancellations around the country. German rail operator Deutsche Bahn was able to keep some trains running, but the dpa news agency reported Thursday that two-thirds of its long-distance trains and between 40 percent and 85 percent of its local trains were cancelled, depending on the...

  • BERLIN, April 23- Countries in the euro zone need to reform in order for the economic recovery to become a lasting one, the European Central Bank's chief economist said on Thursday, saying one such step would be to loosen regulation for employers. Peter Praet's remarks are the latest instance of the ECB putting pressure on countries to do their bit for the economy...

  • 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...