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European Central Bank President Jean-Claude Trichet said on Monday his remarks on August 2 were made before the current market turbulence, leaving the options open on whether the ECB will raise its key interest rate at a meeting next week.
German state-backed bank Landesbank Baden-Wuerttemberg agreed on Sunday to buy subprime victim and fellow lender SachsenLB, as pressure mounts for further mergers among German state banks.
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.
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 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 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.
Industrial supplier Hagemeyer reiterated its full-year goal of improved profitability and a 9% return on invested capital for its PPS division, while announcing an interim dividend of 0.04 euros per share as it posted half-year results that showed increased sales and net profits that were in-line with analysts' expectations.
KKR Private Equity Investors, the Amsterdam-listed affiliate of U.S. private equity giant Kohlberg Kravis Roberts, said it made an investment return of 12.3% on an annualised basis in the six months to June and an 11.6% annualised return in the second quarter.
Icelandic lender Kaupthing Bank said Wednesday it bought the Dutch merchant bank NIBC Holding for 2.99 billion euros ($4.06 billion).
A consortium of European banks seeking to buy ABN Amro said on Tuesday it had increased its stake in the Dutch bank to 3.25%.
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.
Royal Bank of Scotland shareholders overwhelmingly approved the proposed 71 billion euro ($97.24 billion) takeover of ABN Amro on Friday, the third and final leg of backing from investors in the RBS-led consortium.
Belgian-Dutch financial services group Fortis reported a 16% year-on-year rise in second-quarter net profit on Thursday, beating analysts' expectations due to strong banking results.
ING Groep, the Dutch banking and insurance group, reported a 27% rise in net profit for the second quarter on Tuesday, boosted by the sale of part of its stake in ABN Amro Holding.
Belgian-Dutch financial services group Fortis on Monday cleared the way for its plan to buy parts of rival ABN Amro, as its shareholders in Belgium and the Netherlands gave their approval.
Dutch chemicals group Akzo Nobel has won access to Imperial Chemical Industries' books after raising its indicative bid for the British maker of Dulux paints to 8.0 billion pounds ($16.3 billion).
Consumer goods giant Unilever beat forecasts with a 5.8% rise in quarterly underlying sales, and said it now expected sales growth for the full year at the upper end of its 3% to 5% target range.
Dow Chemical, the biggest U.S. chemical company, is considering making a bid for Britain's Imperial Chemical Industries, the Daily Telegraph newspaper said on Wednesday.
A takeover of Dutch bank ABN Amro by Britain's Barclays would boost pay of ABN board members, a filing at the U.S. Securities and Exchange Commission showed.
Digital mapping company Tele Atlas, in the process of being acquired by navigation device maker TomTom for 1.8 billion euros ($2.5 billion), Tuesday reported a second quarter net loss of 1.2 million euros ($1.6 million).