CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for Portuguese banks and Daimler earnings beat forecasts.» Read More
*Chancellor issues' clear call' for Russia to help peace process. BERLIN, July 18- Germany's Angela Merkel challenged Moscow's attempt to pin the downing of a Malaysian airliner on Ukraine, pointing to Russia as a source of separatists' weapons.
BERLIN, July 18- Moscow needs to recognize its responsibility for ensuring the peace process advances in Ukraine, where a ceasefire is needed to investigate the crash of a commercial airliner close to the Russian border, German Chancellor Angela Merkel said on Friday.
The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines. In the hours after Thursday's disaster involving a Malaysia Airlines jet, carriers around the globe began rerouting flights to avoid Ukraine.
BERLIN/ MEXICO CITY, July 18- German Chancellor Angela Merkel and Foreign Minister Frank-Walter Steinmeier on Thursday called for an independent, international investigation into the downing of a Malaysian airliner over eastern Ukraine.
MEXICO CITY, July 17- German Foreign Minister Frank-Walter Steinmeier on Thursday called for an independent, international investigation into the downing of a Malaysian airliner over eastern Ukraine.
WASHINGTON— Labor Department releases Consumer Price Index for June, 8:30 a.m.; National Association of Realtors releases existing home sales for June, 10 a.m.. GENEVA— Credit Suisse, the second-largest bank in Switzerland behind UBS, reports its second quarter results before the opening of trading in Zurich.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including concern over the effect of Russian sanctions and Volkswagen denies it's making a bid for Fiat Chrysler Automobiles.
*U.S., Britain to outperform peers in industrialised world. July 17- Global growth prospects have dimmed slightly, with the United States and Britain leading industrialised economies that are not generating much inflation even after years of aggressive monetary stimulus, Reuters polls found.
By Andreas Cremer and Agnieszka Flak. BERLIN/ MILAN, July 17- Fiat Chrysler has denied a magazine report saying it's in merger talks with Volkswagen, while the German carmaker said it had no takeovers on its agenda.
BERLIN/ MILAN, July 17- Volkswagen and Fiat Chrysler have denied a magazine report saying the two carmakers are in merger talks. Germany's Manager Magazin said on Thursday Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group that was formed this year from the merger of Italian and U.S. carmakers.
BERLIN/ MOSCOW, July 17- German carmaker Daimler does not plan to increase its stake in Russian truckmaker Kamaz, it said on Thursday, renouncing a long-considered deal amid rising tension between Moscow and the West over Ukraine.
By early afternoon in Europe, benchmark U.S. crude for August delivery was up $1.64 at $102.84 a barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the U.S. Energy Information Administration said U.S. crude oil inventories fell by 7.5 million barrels to 375 million barrels in the week of July 11.
Carsten Nickel, senior vice president at Teneo Intelligence, discusses Germany's stance on the new Russian sanctions and says the country is keen to keep "talking channels" open.
Christopher Granville, managing director at Trusted Sources, and Chris Weafer, senior partner at Macro-Advisory, agree that Angela Merkel's role in the negotiations with Russia will be "critical".
*Wizz Air has grown to be biggest low-cost carrier in eastern Europe. Organic expansion in the region and as far afield as Moscow, Tel-Aviv or Dubai is set to continue while a new phase of growth is likely to come from Wizz Air exploiting the difficulties of state-backed regional airlines that are struggling to survive.
*EU to suspend new loans for Russia through EIB, EBRD. BRUSSELS, July 16- European Union leaders agreed on Wednesday to sanction Russian companies that help destabilize Ukraine and to block new loans to Russia through two multilateral lenders.
FRANKFURT, Germany— Germany's Daimler AG unveiled a new version of its tiny, two-seat Smart model Wednesday in hopes the car won't just get admiring glances with its unusual design— but make a bigger contribution to profits as well.
BERLIN, July 16- Daimler is betting that cooperation with Renault and the launch of models to tap growing demand for city cars may pave the way for its diminutive Smart brand to become profitable.
*Airbus says still on track for A380 breakeven in 2015. Airbus said it was testing improvements to the doors after a recent plane diversion and several incidents involving noise onboard and said the programme was still on track to reach breakeven in 2015..
DETROIT, July 16- German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front air bags made by Takata Corp because the inflators could break apart during deployment and injure passengers.