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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.
A consortium led by Royal Bank of Scotland said Wednesday that it will not lower its 70.6 billioneuros ($96.5 billion) bid for ABN Amro Holding, even though the Dutch bank's first-half dividend breached a level that RBS had said could prompt a reduction of the offer.
British construction and services group Balfour Beatty posted a 36% rise in first-half profit on Wednesday and said it saw further progress after winning four U.S. contracts worth over $730 million.
Icelandic lender Kaupthing Bank said Wednesday it bought the Dutch merchant bank NIBC Holding for 2.99 billion euros ($4.06 billion).
he French economy grew at a disappointing pace in the second quarter, held back by sluggish exports and stagnant business investment, official data showed on Tuesday, raising fears about the outlook for the year.
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%.
German economic growth cooled slightly in the second quarter, with gross domestic product expanding by 0.3%, according to government figures released Tuesday.
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.
Billionaire Richard Branson's Virgin Group on Friday purchased a 20% stake in Malaysia's long-haul budget carrier AirAsia X, in an alliance that could transform the face of Asian aviation.
The European Central Bank injected 94.841 billion euros ($129.74 billion) into euro-zone money markets on Thursday to help calm to jittery markets roiled by credit problems.
There's a new video on the web that's sure to entertain skeptics of the Chinese auto industry. It's video of a car from China's Chery Automobile faring poorly in a crash test in Russia. For those who fear the Chinese auto industry hurting the Big 3, this video will give them the ammunition they need to take shots at the Chinese.
Amid the headlines this weekend about Cerberus closing the Chrysler deal and shaking up management at the automaker, one piece of news came out that blew me away. In the second quarter, Toyota posted a record profit of $4.13 billion dollars. Sounds staggering by itself until you look at it this way: every day last quarter Toyota made more than 44 million dollars. Almost 2 million dollars a day!
German airport operator Fraport said Tuesday second-quarter profit dipped nearly 6% largely because of rising costs and the lack of several one-off gains from last year.
Securitas, the world's largest security company, on Tuesday reported a second-quarter loss, partly due to higher costs in its Loomis cash handling operations as well as provisions taken out in the unit.
Miner Xstrata met forecasts with a 47% rise in first-half net profit on Tuesday, and said it expected a better operational performance in the second half, underpinned by strong demand from Asia.
Talk about moving fast. Just two days after taking ownership of Chrysler, Cerberus Capital has put a new man in charge of the struggling automaker. And it's a bold move picking an auto industry outsider. Bob Nardelli steps in as Chrysler's chairman and CEO in a move that many will question. Yet, I think this move could work for a couple reasons.
We are preoccupied with the death of the five-year equity bull market. Is this it? Are we witnessing one of those major trend turning points that are profitable for the brave and painful for the meek? Owning the market has worked -- but just as the bears capitulate there is a reminder of why they have been bearish.
Call this the tale of two brands going in opposite directions. One knows its core market and continues to roll out hot models that win over fans. The other is drifting with sales slumping and serious questions mounting about its future. When I look at the July sales, I'm struck by the numbers at Buick. How bad was it? Sales dropped 29 % and every single model was down at least 17%. Think that's bad?
European defense and aviation group EADS said Friday it had finalized two military contracts with Libya to supply anti-tank missiles and communications systems.