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  • ECB Lends Extra 15 Billion Euros Over Easter Thursday, 20 Mar 2008 | 7:54 AM ET

    The European Central Bank lent euro zone banks an extra 15 billion euros on Thursday to tide them over the Easter holiday period, although banks bid for four times as much.

  • China's Ping An Buys Half of Fortis Asset Arm Wednesday, 19 Mar 2008 | 2:59 PM ET

    China's Ping An Insurance Co deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for 2.15 billion euros ($3.4 billion).

  • D. Telekom Shares Fall on Fixed-Line Outlook Wednesday, 19 Mar 2008 | 11:35 AM ET

    Deutsche Telekom vowed on Wednesday to fight continued sales and earnings declines at its traditional fixed-line business, aiming to stabilize the business by 2010.

  • It's Confidence, Stupid! Tuesday, 18 Mar 2008 | 7:07 PM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Well, not altogether true, of course. Or rather: It´s not so much confidence, but the notable lack thereof. Has Ben Bernanke completely lost his bearings? That's the question of the day ...

  • ECB Officials Stress Inflation Concerns Tuesday, 18 Mar 2008 | 8:01 AM ET
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    European Central Bank Executive Board members stressed on Tuesday the role of the ECB as a guardian of price stability, giving the strong euro only scant mention.

  • Fear Freezes Bank-to-Bank Lending Monday, 17 Mar 2008 | 9:16 AM ET

    Financial trading and interbank lending almost ground to a halt on Monday as banks grew  fearful of dealing with each other following Friday's near collapse of U.S. investment firm Bear Stearns, prompting talk of another round of coordinated central bank aid.

  • D.Telekom Buys Stake in Greece's OTE, Wants Control Monday, 17 Mar 2008 | 8:10 AM ET

    Deutsche Telekom will buy a 20 percent stake in Greece's largest phone company, OTE, for 2.5 billion euros ($3.33 billion) and aims to take full control of the company as it fuels growth via acquisitions.

  • Allianz Prepares for Sale of Dresdner Kleinwort Friday, 14 Mar 2008 | 2:56 PM ET
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    Allianz is planning to break up Dresdner Bank in a move that paves the way for a sale of investment banking laggard Dresdner Kleinwort and an end to a marriage many investors wished never happened.

  • Euro Zone Feb Inflation Hits Record High 3.3% Friday, 14 Mar 2008 | 7:06 AM ET

    Euro zone inflation hit a new record high of 3.3 percent in February, the European Union's statistics office said, with soaring oil prices taking their toll despite the cushion of a strong euro.

  • BMW Hits 2007 Profit Target, Proposes Dividend Hike Thursday, 13 Mar 2008 | 2:20 PM ET

    BMW, the world's largest premium carmaker, reported slightly better 2007 results than expected on Thursday and named a new head of sales and marketing as its aims to boost sales at all three brands this year.

  • ECB's Trichet Criticizes Disorderly FX Moves Thursday, 13 Mar 2008 | 5:54 AM ET
    European Central Bank President Jean-Claude Trichet

    European Central Bank President Jean-Claude Trichet said disorderly swings in currencies were undesirable, according to an interview with a French magazine published on Thursday.

  • ECB Still Flying the Anti-Inflation Flag Proudly Wednesday, 12 Mar 2008 | 10:04 AM ET

    It is the ECB's mandate, credo and conviction that only an inflation-free (inflation-free in ECB speak is a rise in consumer prices of no more than 2 percent) economy is a healthy economy and that price stability is the best guarantor for economic growth and prowess.

  • German Investor Morale Unexpectedly Rises in March Tuesday, 11 Mar 2008 | 7:58 AM ET

    German investor morale unexpectedly improved in March, chiming with other recent reports showing Europe's largest economy has made a solid start to the year despite weaker global growth and a strong euro.

  • ECB Is Worried About Excessive Currency Moves Monday, 10 Mar 2008 | 10:00 AM ET
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    European Central Bank President Jean-Claude Trichet said on Monday that the bank is currently concerned about excessive movements in currency exchange rates which are undesirable for economic growth.

  • EU Warns Against Golden Shares at EADS Friday, 7 Mar 2008 | 12:00 PM ET
    airbusA380.jpg

    The European Commission warned France and Germany not to introduce "golden shares" at aerospace group EADS, highlighting  concerns about how much control state-backed investors should have over companies whose products are crucial for national security.

  • 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.