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  • FRANKFURT, April 18- Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing Chief Executive Martin Winterkorn, a German newspaper reported on Saturday. Reuters reported on Friday that Piech had been isolated at the Thursday meeting in Salzburg, with all five...

  • BERLIN, April 18- Thousands of people marched in Berlin, Munich and other German cities on Saturday in protest against a planned free trade deal between Europe and the United States that they fear will erode food, labour and environmental standards. Opposition to the Transatlantic Trade and Investment Partnership is particularly high in Germany, in part due to...

  • MOSCOW/ BERLIN, April 18- Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers. During his visit to Moscow, Tsipras had expressed interest in participating in a pipeline that would bring Russian gas to Europe...

  • FRANKFURT, April 18- Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said. The choice to keep most retail operations and offload only Postbank, which Deutsche bought in steps for about 6 billion...

  • Germany to raise growth forecasts next week - sources Saturday, 18 Apr 2015 | 7:04 AM ET

    BERLIN, April 18- The German government is on the verge of raising its growth forecasts for this year and next, but its new projections will be more conservative than those published by leading economic institutes earlier this week, two government sources told Reuters. Berlin is currently forecasting growth of 1.5 percent this year and of 1.6 percent in 2016..

  • The IMF's member countries agreed in 2010 to give more voting power to countries like China and India, double the Fund's resources, and reduce the dominance of Western Europe on its 24- member board. To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without...

  • WASHINGTON, April 17- India's surprise decision to agree to phase-down the use of a potent greenhouse gas after years of opposition is a "significant step" toward global action to address climate change, the U.S. State Department's climate change envoy said Friday. India on Thursday proposed an amendment to the United Nations' Montreal Protocol, which calls on...

  • G20 to sidestep U.S. on IMF reforms -draft communique Friday, 17 Apr 2015 | 12:39 PM ET

    To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without touching U.S. veto power. But countries like China would only get a small bump in their shares under this option, which requires all changes to allow the United States to keep at least 15 percent of the...

  • BERLIN/ HAMBURG, April 17- Volkswagen CEO Martin Winterkorn has survived a challenge from powerful chairman Ferdinand Piech, but their row remains a distraction for the carmaker as it struggles to boost profits and revamp its ailing U.S. business. The committee issued a statement on Friday giving Winterkorn its "full support" and announcing that it would...

  • Google's EU showdown offers openings to competitors Friday, 17 Apr 2015 | 11:58 AM ET

    That appears to be the European Union's strategy to pursue Google in a competition dispute by choosing to push a narrow set of charges around its shopping service, while opening another investigation of Google's Android mobile phone software. In accusing Google of anti-competitive practices against rival shopping sites, the EU competition authority said...

  • ATHENS, April 17- Greece will need to tap all the remaining cash reserves across its public sector-- a total of 2 billion euros-- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he...

  • Dutch launch criminal investigation into Uber Friday, 17 Apr 2015 | 9:37 AM ET

    AMSTERDAM, April 17- Dutch prosecutors launched a criminal investigation into Uber for providing an illegal taxi service in violation of a court order, a statement said on Friday. It ordered Uber to stop offering it under threat of a 100,000 euro fine. Dutch prosecutors, who raided Uber's offices in March, said they were starting an inquiry after police in...

  • LONDON, April 17- Money raised through stock market listings in western Europe has hit a 15- year high so far this year, despite a slight fall in the number of deals, Thomson Reuters data showed on Friday. Western Europe has been the source of almost half of cash raised globally from flotations, while the Americas accounted for just 15 percent. Four major deals...

  • Schlumberger is cutting another 11,000 jobs, bringing the total to 20,000 this year, as slumping oil prices squeeze the world's largest oilfield services companies. Schlumberger's profit tumbled 39 percent in the first quarter with oil companies cutting back on production in North America. Schlumberger has slashed spending to adapt, yet the fall-off has...

  • PARIS, April 17- Airbus sees continued strength in the aircraft market and may be able to increase production of its most popular jets beyond their planned rates if that trend continues, the head of the European planemaker said on Friday. Fabrice Bregier, chief executive of the plane making unit of Airbus Group, said he believed Airbus would eventually recapture...

  • *Bollore cautions deal-making will take time, prudence. PARIS, April 17- Vivendi's chairman and main shareholder Vincent Bollore won double voting rights at the company's annual shareholders' meeting on Friday after opponents failed to get support for their motion to keep a one-share-one-vote structure. Bollore, a billionaire who made his name as a corporate...

  • BERLIN, April 17- Martin Winterkorn will stay on as chief executive of Volkswagen, the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman. Ferdinand Piech, the patriarch of Volkswagen's founding family, had provoked a showdown with Winterkorn by planting a comment in weekly magazine Der Spiegel last week that he had "distanced...

  • BERLIN— Volkswagen CEO Martin Winterkorn will remain in his job and can look forward to having his contract extended, the leadership of the board said Friday, after a comment by chairman Ferdinand Piech raised widespread doubts about his future. A turbulent week for Europe's biggest automaker started when Piech, who has long been the company's key powerbroker,...

  • LONDON, April 17- The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/ 2- month highs against the dollar, while Russian equity markets also slipped. "The rouble has appreciated so much recently that from the point of view of the central bank and government it makes sense to try and cap it so as not to...

  • ISTANBUL— Turkish Airlines' CEO says that pilots may not be as prone to destructive behavior like that of the Germanwings pilot believed to have intentionally crashed a flight last month— if only they get married. At an event Thursday, Temel Kotil told new Turkish Airlines pilots that the March 24 crash in the French Alps showed that piloting is critical.