The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report uptick.» Read More
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.
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.
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's fourth-quarter net income rose sharply but was below analysts' expectations after sales at its Reebok brand fell and North America remained weak.
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.
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.
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 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.
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.
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.
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'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.
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.
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.
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.
Spain is investigating a number of people suspected of using accounts in Liechtenstein to dodge taxes, Spanish authorities said on Wednesday.
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 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 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.
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.