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  • Central Banks Voice Concern on Inflation Friday, 7 Mar 2008 | 8:22 AM ET

    Central bankers from the world's industrialised and developing regions voiced concern on Friday over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand.

  • Euro Strength Reduces ECB's Surplus Thursday, 6 Mar 2008 | 10:18 AM ET

    The European Central Bank's surplus fell to 286 million euros ($439 million) last year from 1.37 billion euros in 2006, because of the euro's strength, the bank said on Thursday.

  • ECB, BoE Expected to Hold, for Now Thursday, 6 Mar 2008 | 5:00 AM ET

    The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.

  • Adidas Misses Forecasts as Reebok Remains Weak Wednesday, 5 Mar 2008 | 12:59 PM ET

    Adidas's fourth-quarter net income rose sharply but was below analysts' expectations after sales at its Reebok brand fell and North America remained weak.

  • The Taxman Rings Twice Wednesday, 5 Mar 2008 | 8:36 AM ET

    You might have seen the headlines. You might have seen curious press pics and television news clips with German top managers, such a Klaus Zuminkel, the (since pushed into resigning) CEO of Deutsche Post, led in handcuffs from their homes, a battalion of tax investigators bearing boxes of documents trailing triumphantly.

  • Euro Zone Economy Slows, Inflation Jumps Tuesday, 4 Mar 2008 | 10:33 AM ET
    ** FILE ** Euro coins fall out of the hands of a person in Frankfurt, central Germany, Feb. 4, 2007. The euro set an all-time high against the dollar Friday, April 27, 2007, buying US$1.3682 as fears about a U.S. economic slowdown mounted amid signs of weak growth. L(AP Photo/Michael Probst)

    Quarterly euro zone economic growth almost halved in the last three months of 2007 and prices at factory gates jumped in January, data showed, highlighting the diverging growth and inflation trends faced by the ECB.

  • Porsche to Get Majority of Volkswagen Monday, 3 Mar 2008 | 9:37 AM ET

    German sports car maker Porsche will increase its 31 percent voting stake in Volkswagen to a majority but does not intend to merge the two carmakers, Porsche said on Monday.

  • Euro Zone Inflation Steady, but Still High Monday, 3 Mar 2008 | 5:56 AM ET

    Euro zone inflation remained at a record high in February, the European Union's statistics office estimated on Monday, ahead of the European Central Bank's rate meeting and new growth and inflation forecasts on Thursday.

  • Volkswagen Increases Scania Stake to 68.6% Monday, 3 Mar 2008 | 4:45 AM ET

    German carmaker Volkswagen said on Monday it would raise its stake in Swedish truckmaker Scania to 68.6 percent, a move that may lead to a merger of Scania and German truckmaker MAN.

  • Bayer Misses Forecasts; CEO Upbeat on 2008 Thursday, 28 Feb 2008 | 1:12 PM ET

    German drugs and chemicals group Bayer missed fourth-quarter earnings expectations Thursday, sending shares 4.7 percent lower on the DAX, but CEO Werner Wenning told CNBC he remains optimistic about the company’s outlook for this year.

  • E.ON in Talks to Sell Grid, Confirms to Merkel Thursday, 28 Feb 2008 | 5:54 AM ET

    The head of German utility giant E.ON has told Chancellor Angela Merkel the company is in talks to sell its power grid, a German government spokesman said on Thursday.

  • Bayer Profit Misses Forecasts; Upbeat on 2008 Thursday, 28 Feb 2008 | 4:09 AM ET

    Bayer's quarterly profits missed market expectations, but the German drugs and chemicals group was upbeat about 2008 and said its healthcare and agrochemicals units would drive earnings.

  • ECB's Weber Says Market Bet on Rate Cuts is Wrong Wednesday, 27 Feb 2008 | 12:39 PM ET

    Market expectations that the European Central Bank will cut interest rates fail to consider the dangers of higher inflation, ECB Governing Council member Axel Weber said on Wednesday.

  • Europe Tax Evasion Probe Going Global Wednesday, 27 Feb 2008 | 11:11 AM ET
    Vaduz Castle in Liechtenstein

    Authorities worldwide were looking today to see if their citizens were dodging tax through Liechtenstein as attention in Germany, where the scandal started, turned to Monaco.

  • Almunia Says Excess Euro Volatility Not Welcome Wednesday, 27 Feb 2008 | 7:58 AM ET

    The euro's exchange rate is shaped by the market but excessive volatility is unwelcome, EU Economic and Monetary Affairs Commissioner Joaquin Almunia said on Wednesday as the euro hit record highs against the dollar.

  • Spaniards Probed in Liechtenstein Tax Case Wednesday, 27 Feb 2008 | 6:50 AM ET

    Spain is investigating a number of people suspected of using accounts in Liechtenstein to dodge taxes, Spanish authorities said on Wednesday.

  • A taxing matter for tax evaders Tuesday, 26 Feb 2008 | 7:41 AM ET

    Is it a sign of the increasingly worrisome state of UK public finances (now that Northern Rock is officially on the books) that has driven the government to buy information from a whistleblower in Lichtenstein?

  • Siemens to Cut 6,800 Jobs at SEN Unit Tuesday, 26 Feb 2008 | 6:25 AM ET

    Siemens will cut 6,800 jobs at its corporate telecoms unit -- two-fifths of the unit's workforce -- to reshape the business into a software provider as it seeks to divest the division, it said on Tuesday.

  • German Feb. Ifo Business Climate Index Rises Tuesday, 26 Feb 2008 | 4:27 AM ET

    German corporate sentiment unexpectedly rose in February, a closely watched survey showed on Tuesday, suggesting Europe's largest economy is coping better with a global slowdown than other euro zone countries.

  • Consumers Held Back German Growth at Close of 2007 Tuesday, 26 Feb 2008 | 3:55 AM ET

    Weak consumer spending dragged down German growth in the final quarter of 2007 as inflation surged to a 14-year high, official data showed on Tuesday.