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  • AMSTERDAM, May 27- Airbus Group ended the suspense over the future of its chief executive on Wednesday, saying its board had asked German-born Tom Enders to serve for at least one more term after his mandate expires in 2016.. Airbus Group, whose shareholders include the Spanish, French and German governments, was due to ask shareholders to approve the appointment...

  • UPDATE 1-German regulator expects "lively" mobile auction Wednesday, 27 May 2015 | 8:34 AM ET

    FRANKFURT/ MAINZ, Germany, May 27- Germany started an auction of radio frequencies for mobile phone network operators, hoping to raise billions of euros to help improve a national broadband network that has fallen behind those of poorer countries such as Hungary, Portugal and Spain. "The auction will point the way for the development of mobile services in Germany,"...

  • Germany lobbies India to buy Eurofighters, submarines Wednesday, 27 May 2015 | 8:31 AM ET

    NEW DELHI, May 27- Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project. Germany has taken the lead in the sales pitch to India for the Eurofighter, made by Alenia Aermacchi, a subsidiary...

  • *U.S. expected to press Europe to reach deal on Greece. DRESDEN, Germany, May 27- Little more than a gentlemen's club in recent years, G7 finance ministers and central bankers have their work cut out this week to revive stuttering global growth and defuse tensions over China's growing economic clout. The United States is likely to use the talks, beginning late on...

  • German consumers remain optimistic for June Wednesday, 27 May 2015 | 6:05 AM ET

    BERLIN— A closely-watched survey shows German consumers remain optimistic as their economic expectations and willingness to make purchases have been bolstered by robust domestic demand and low inflation rates. The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.2 points for June, up from 10.1 points in May.

  • G7 finance chiefs meet with growth problem to fix Wednesday, 27 May 2015 | 4:47 AM ET

    U.S. expected to press Europe to reach deal on Greece. The United States is likely to use the talks, beginning late on Wednesday and running through to Friday, as an opportunity to press Europe to reach a funding-for-reforms deal with Greece, an official close to the discussions said. Hosts Germany have given the meeting in Dresden the heading "Towards a Dynamic...

  • Electrical failure paralyzes Belgian air traffic Wednesday, 27 May 2015 | 4:41 AM ET

    BRUSSELS— A power failure at a control center paralyzed most of air traffic in and over Belgium for much of Wednesday and caused chaos at Brussels airport because of delays, detours and cancellations of flights. Planes slowly started flying again by mid-afternoon but by that time, thousands of passengers at Brussels airport had been affected.

  • Crew abandon North Sea freighter amid risk of explosion Wednesday, 27 May 2015 | 4:02 AM ET

    BERLIN— Emergency officials say the crew of a freighter carrying fertilizer has abandoned the ship off the German coast because of the risk of explosion. Residents along the North Sea coast in the region around Bremerhaven had reported a strong smell, likely caused by fumes from the ship. Germany's Central Command for Maritime Emergencies said in a statement...

  • *Germany, Japan at forefront of opposition. BARCELONA, May 27- The world's richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June, reducing the chances of a new global climate change agreement at a U.N. conference in Paris, officials and campaigners say. One European Union official, speaking on condition of anonymity,...

  • Airbus faces tensions over Spanish board appointment Wednesday, 27 May 2015 | 3:16 AM ET

    AMSTERDAM, May 27- Airbus Group faces a tussle with the Spanish government over the choice of a new board member at its annual shareholder meeting on Wednesday, in a new test of efforts by Europe's largest aerospace company to assert political independence. Airbus Group, whose shareholders include the Spanish, French and German governments, will ask...

  • DIARY- Top Economic Events to June 9 Wednesday, 27 May 2015 | 12:01 AM ET

    Treasury Secretary Jack Lew will participate in a moderated conversation at the London School of Economics and Political Science- 0945 GMT. LONDON- Bank of England's Sarah Breeden: CSFI Roundtable on Bank of England's Procyclicality Working Group SEOUL- Former Federal Reserve Chairman Ben Bernanke to attend a financial forum hosted by Dong-A Ilbo and...

  • LONDON, May 26- A panel of European Union lawmakers narrowly rejected a draft law aimed at curbing trading risks at banks after they failed to bridge a deep divide between the main parties. The European Parliament's economic affairs committee voted to reject the draft law on bank structural reform by 30 votes to 29 in a relatively rare move.

  • PARIS— The world's No. 1 luxury goods company LVMH is in talks to buy respected French newspaper Le Parisien, a purchase that would complement its other media holding, the financial daily Les Echos. A statement issued on Tuesday by LVMH said that it was in exclusive negotiations with the Amaury Group which owns the daily Le Parisien and its sister paper...

  • *Pilots, avoiding storm clouds, flew towards Mount Cameroun. PARIS, May 26- French investigators have opened a probe after an Air France jet with some three dozen people on board narrowly avoided hitting the highest mountain in central Africa in early May, according to information published by France's BEA air accident agency. The Boeing 777 jet was making a short...

  • BERLIN, May 26- Germany and France have agreed plans to strengthen cooperation among euro zone countries without changing existing EU treaties, in a potential setback for British Prime Minister David Cameron as he holds key meetings this week with both countries' leaders. The blueprint would bolster the 19- nation euro zone, of which Britain is not a member, by...

  • EU wheat hit by Chicago slump, euro underpins Tuesday, 26 May 2015 | 1:21 PM ET

    A corresponding drop in the euro, however, helped keep losses in Europe more restrained than in Chicago. December milling wheat, the new-crop benchmark and most active contract on Euronext, settled 1.50 euros or 0.8 percent lower at 182.50 euros a tonne. "If tonight's U.S. crop progress report does not raise any fresh concerns, the pullback has every chance of...

  • PARIS, May 25- The number of cases of bird flu in the United States has started to decline and the epidemic is likely to be over within a couple of months, helped by warm weather in the summer, the U.S. chief veterinary officer said on Tuesday. "We believe the worst is behind us, which doesn't mean that we still won't see additional cases but we know we see a decline in cases,"...

  • European shares stumble on Spanish and Greek worries Tuesday, 26 May 2015 | 12:28 PM ET

    *Ryanair shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 5.4 percent after posting higher profits.

  • NEW YORK, May 26- The U.S. dollar rallied on Tuesday after a string of healthy economic data boosted near-term rate hike prospects, while Greece's financial crisis and signs of growing opposition to austerity in Spain weighed further on the euro. Markets in the United States as well as London and Frankfurt returned to action after a long holiday weekend, with the...

  • ATHENS/ BRUSSELS, May 26- Greece and its Europeans creditors on Tuesday sought to play down fears that Athens would default on a payment to the International Monetary Fund next week. Running short of cash to pay public sector salaries, pensions and debt obligations, senior members of Prime Minister Alexis Tsipras's government have said openly that Greece does...