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  • European Stocks Close Up after Strong U.S. Data Friday, 24 Aug 2007 | 12:17 PM ET

    European stocks finished the week in the green after stronger-than-expected U.S. durable goods orders and new home sales data on Friday pushed back fears of a spillover of the credit markets crisis to the wider economy.

  • Stricken German Bank Set for Fast Sale: Sources Friday, 24 Aug 2007 | 11:38 AM ET

    The owners of stricken state lender SachsenLB aim to sell the German bank quickly after its near collapse under heavy losses from U.S. subprime mortgages and other risky debt, sources familiar with the matter said.

  • ECB Keeps Options Open on Rate Hike - Sources Friday, 24 Aug 2007 | 9:51 AM ET

    The European Central Bank is not set on raising rates in September, and its recent reference to its Aug. 2 policy statement was intended to keep options open, national central bank officials have told Reuters.

  • France Says September ECB Rate Rise Not Done Deal Friday, 24 Aug 2007 | 8:43 AM ET

    France on Friday kept up the pressure on the European Central Bank to take account of global financial market turmoil and economic growth when setting interest rates, and said a September rate rise was not a done deal.

  • Euro Zone August Growth Dips, Confidence Hit Friday, 24 Aug 2007 | 6:44 AM ET

    Euro zone private sector growth cooled in August as factory order growth hit its weakest since late 2005 and a credit squeeze in financial markets bruised service sector confidence, key data showed on Friday.

  • German Finance Minister Peer Steinbrueck was quoted on Friday as saying there was no  vidence at present that the country's banking sector faced further problems from the credit crisis.

  • Moody's Says German Landesbanks Rich in Liquidity Thursday, 23 Aug 2007 | 11:28 AM ET

    Moody's Investors Service said German state-owned Landesbanks were very rich in liquidity as a group and would not need to seek liquidity support either individually or as a group from a regional government.

  • Central Banks Worried Turmoil May Linger Thursday, 23 Aug 2007 | 10:52 AM ET

    Global financial turmoil prompted the Bank of Japan to hold rates on Thursday and warn that the tremors would take time to settle, and the European Central Bank was inundated with demand at a new money market tender.

  • Deutsche Bahn CEO Says Timing's Right to Launch IPO Thursday, 23 Aug 2007 | 8:51 AM ET

    Deutsche Bahn is in a good position to sell a stake in the state-run rail operator in a public stock offering, its chief executive said Thursday.

  • Germany Posts First Half Budget Surplus Thursday, 23 Aug 2007 | 6:31 AM ET

    Germany posted a public sector budget surplus in the first six months of 2007, the first time it has achieved this in the January-June period in nearly two decades, the Federal Statistics Office said on Thursday.

  • German Growth Slows Quarter-on-Quarter Thursday, 23 Aug 2007 | 5:34 AM ET

    The pace of growth in Europe's biggest economy slowed from the first quarter to the second quarter, the German government said Thursday as it issued its final numbers on growth for the country of 82 million people.

  • ProSiebenSat.1 Second-Quarter Operating Profit 6% Higher Wednesday, 22 Aug 2007 | 7:24 AM ET

    ProSiebenSat.1 Media said second-quarter operating profit rose 6% to 140.4 million euros ($189.54 million) as it cut costs but revenues remained flat.

  • German Business Sentiment Sinks on Credit Worries Tuesday, 21 Aug 2007 | 7:45 AM ET

    A global credit crunch pushed German investor morale to its lowest level in eight months in August, raising pressure on the European Central Bank (ECB) to keep interest rates on hold for the time being.

  • Foreign Banks Wary of Loans to German Banks: WestLB Tuesday, 21 Aug 2007 | 6:57 AM ET

    German banks face a critical situation because foreign banks are reluctant to lend to them after the joint rescue of small-company lender IKB, state-backed lender WestLB's chief executive said.

  • German PPI Sinks to Lowest Level Since 2004 Friday, 17 Aug 2007 | 3:12 AM ET

    German producer price inflation dropped last month to its lowest level since early 2004, pushed down by falling energy prices, according to government figures released Friday.

  • French Pres. Sarkozy Urges Vigilance on Markets Thursday, 16 Aug 2007 | 6:13 AM ET

    French President Nicolas Sarkozy has written a letter to German Chancellor Angela Merkel, saying that authorities must be "very vigilant" over financial market corrections, according to the letter published on Thursday.

  • German July Final Consumer Price Index Rises 0.4% Thursday, 16 Aug 2007 | 3:41 AM ET

    Consumer prices in Germany rose 0.4% in July from June and were up 1.9% from a year earlier, according to final figures from the Federal Statistics Office.

  • Deutsche Telekom to Axe Jobs in 2009 Wednesday, 15 Aug 2007 | 8:59 AM ET

    Deutsche Telekom will cut more jobs when a self-imposed moratorium expires at the end of 2008, the company said Wednesday.

  • German Economy Grows by 0.3% in Second Quarter Tuesday, 14 Aug 2007 | 2:24 AM ET

    German economic growth cooled slightly in the second quarter, with gross domestic product expanding by 0.3%, according to government figures released Tuesday.

  • Akzo Nobel to Buy ICI for $16.2 Billion Monday, 13 Aug 2007 | 11:20 AM ET

    Dutch chemicals group Akzo Nobel has agreed a deal to buy Britain's ICI for 8 billion pounds ($16.2 billion) to boost its position as the world's biggest industrial coatings maker.