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  • German industrial group ThyssenKrupp, Dutch healthcare and consumer group Philips and British food ingredients group Tate& Lyle are among those adjusting for lower growth and a new intensity in price wars. "The message which we have given the team in China is the following: You need to move up your margin," ThyssenKrupp Chief Executive Heinrich Hiesinger told...

  • BERLIN, Aug 26- Germany's export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe's largest economy. For years, its EU peers tried- and failed- to match Germany's export prowess in China, where German companies profited from the infrastructure and...

  • UPDATE 4-Elevators, steel drive ThyssenKrupp profit beat Thursday, 13 Aug 2015 | 12:31 PM ET

    FRANKFURT, Aug 13- German industrial group ThyssenKrupp beat forecasts with a jump in third-quarter profit driven by its elevators and European steel businesses as well as cost cuts. The result bore out the Essen- based company's shift in focus from steelmaking to higher margin industrial equipment, and was helped by streamlining and restructuring that saw...

  • *Early evidence of China steel firms jumping on devaluation. LONDON/ FRANKFURT/ VIENNA, Aug 13- Increasingly unfair competition from cheap Chinese exports is a concern for European steel companies, Europe's steel industry body Eurofer said on Thursday, after Chinese steel producers cut export prices. Chinese steel makers cut prices in response to Beijing's...

  • FRANKFURT, July 23- German defence group Rheinmetall and French peer Thales are among several groups interested in a defence electronics business that plane maker Airbus is selling in an effort to streamline its operations, sources familiar with the transaction said. The two companies as well as U.S.-based Raytheon and a number of private equity groups...

  • WILMINGTON, Delaware, July 1- The bankrupt $3.5 billion Baha Mar mega resort in the Bahamas secured up to $30 billion in interim financing on Wednesday, but it was unclear when construction on the stalled project would resume. Baha Mar's developer, Sarkis Izmirlian, the son of Armenian billionaire Dikran Izmirlian, has agreed to arrange the funding.

  • *Faces slowdown in China, drop in oil& gas industry spend. ZURICH, June 23- ABB faces "hard weather sailing" in key businesses due to a second-quarter slowdown in several of its major markets, the Swiss power and automation group's chief executive warned in an interview with Reuters on Tuesday. Zurich- based ABB said a significant slowdown in China, a sharp drop in...

  • *Copenhagen stocks rise after Denmark election result. LONDON, June 19- European shares gained ground on Friday, boosted by a rise in French telecom stocks and at steelmaker Thyssenkrupp, although persistent concerns over Greece kept a lid on the overall progress. Thyssenkrupp also advanced 2.7 percent after Citigroup upgraded its rating on the stock to "buy"...

  • European shares advance, Greek concerns linger Friday, 19 Jun 2015 | 3:15 AM ET

    LONDON, June 19- European shares rose in early trading on Friday, buoyed by gains overnight in Wall Street and at steelmaker Thyssenkrupp, although persistent concerns over Greece kept a lid on the overall progress. Thyssenkrupp climbed 1.5 percent after Citigroup upgraded its rating on the stock to "buy" from "neutral". Richard Griffiths, associate director at...

  • SYDNEY, June 5- Australia's defense minister on Friday unveiled the members of an expert advisory panel that will oversee the bidding underway between Germany, France and Japan for a lucrative deal to build its fleet of next-generation stealth submarines. Winter's presence is likely to be seen as a boon for Japan, which has Washington's support in its bid to...

  • 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...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON/ EDINBURGH, May 14- European shares rose on Thursday, helped by a rally in steel company stocks after a report that the European Commission had opened an anti-dumping inquiry into imports of cold rolled steel from Russia and China. The European Commission has set tariffs on imports of...

  • *Electrical steel from China, Japan, Korea, Russia, U.S. BRUSSELS, May 13- The European Union will impose anti-dumping duties from Thursday on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States, its second set of measures this year to protect European steel producers. Duties of 28.7 percent will cover imports from...

  • *Numericable-SFR up after raising profitability target. LONDON, May 12- European shares fell sharply in morning trading on Tuesday as a sell-off in global bond markets led investors to trim their risk exposure. The pan-European FTSEurofirst 300 index was down 1.6 percent at 1,570.88 points by 0836 GMT and Germany's DAX fell 1.8 percent, with investors...

  • Saab says close to finalising Swedish submarine deals Thursday, 30 Apr 2015 | 8:16 AM ET

    KARLSKRONA, Sweden, April 30- Sweden's Saab expects to receive a firm production contract from the government for a new generation of submarines within months and is finalising negotiations for the mid-life upgrade of the Gotland class, executives said on Thursday. Sweden agreed last month to order two new A26 subs from Saab, which last year bought the marine...

  • WASHINGTON, March 30- The U.S. Supreme Court on Monday agreed to consider whether a man injured by a drunken driver in Florida is required to pay more than $120,000 in medical costs back to his health plan administrator. The nine justices will hear an appeal filed by Robert Montanile, who required back surgery after the accident that took place in West Palm Beach in...

  • TOKYO, March 23- Two Japanese firms that until recently were the frontrunners to win a multi-billion dollar contract to build Australia's new submarines have rebuffed an invitation to attend a gathering of top Australian naval officials and politicians this week. The no-show by Mitsubishi Heavy Industries and Kawasaki Heavy Industries at an event called...

  • NEW YORK, March 22- As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. Demand for a way to hedge currency exposure while investing in Europe helped the WisdomTree Europe Hedged Equity Fund bring in $5.3 billion in new assets over the first two months of the year, the most of any equity...

  • Europe ends lower after euro zone deflation deepens Friday, 30 Jan 2015 | 11:33 AM ET

    European equities closed lower on Friday with investors reacting to earnings and euro zone inflation and unemployment reports.

  • Air pollution costing Europe billions Tuesday, 25 Nov 2014 | 4:03 AM ET
    Smoke from a factory in Haubourdin, northern France.

    Air pollution from Europe's largest industrial facilities cost as much as 189 billion euros ($235 billion) in 2012.