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German investor morale rise points to timid recovery
ReutersMANNHEIM, Germany (Reuters) - German analyst and investor sentiment edged up in May after dropping sharply in the previous month, suggesting the euro zone's largest economy is overcoming concerns over a flare-up in the bloc's debt crisis and is back on...Tags: HSBC Holdings plc, Economy, Business and Finance, Market and Exchange, Politics, European Debt Crisis
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Spain, Portugal push for full banking union as Germany finds hurdles
ReutersBRUSSELS/MADRID (Reuters) - Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced. "It is indispensable...Tags: Mariano Rajoy, Government, Politics, Treaties, Parliament
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Euro zone factory output jumps on energy, German strength
ReutersBRUSSELS (Reuters) - Output at euro zone factories rose much more strongly than expected in March, driven by energy production to show a second consecutive monthly increase and the highest jump in 20 months. Industrial production in the 17 countries...Tags: Italy, France, Industrial Production
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Bloomberg's top editor calls client data policy 'inexcusable'
ReutersNEW YORK (Reuters) - Matthew Winkler, editor-in-chief of Bloomberg News, apologized on Monday for allowing journalists "limited" access to sensitive data about how clients used Bloomberg terminals, saying it was "inexcusable", but that important...Tags: Goldman Sachs Group, Inc., Federal Reserve, Hong Kong, Central Bank, Finance
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Germany's Merck KGaA sees profit rise 54 percent in Q1 helped by higher prices for key drug
AP Business WriterFRANKFURT, Germany (AP) — Higher prices for its multiple sclerosis drug Rebif helped German pharmaceutical and high-tech materials company Merck KGaA post a 54 percent rise in first-quarter profit. Merck also saw stronger sales of materials for...Tags: Earnings Forecasts, Economy, Business and Finance, Companies and Corporations, Chemical Industry, Prices
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BMW CEO expects i3 electric car to contribute to group profit
ReutersMUNICH (Reuters) - German premium automaker BMW expects to reap a "positive" contribution to group profit from every i3 electric vehicle sold, Chief Executive Norbert Reithofer said on Tuesday. BMW will start selling its Megacity electric vehicle, dubbed...Tags: BMW, Passenger Cars, Corporate Officers, Fuel-efficient Vehicles, Manufacturing and Engineering
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Germany will not buy Euro Hawk drones - govt source
ReutersBERLIN, May 14 (Reuters) - Germany will not purchase Euro Hawk reconaissance drones because meeting the standards required to win aviation approval would cost 500 million to 600 million euros, a German government source told Reuters on Tuesday. Even if... -
COLUMN-WTO rules on one solar dispute, bigger lurk: Wynn
ReutersBy Gerard Wynn LONDON, May 14 (Reuters) - Rejection by the world's trade body last week of preferential support for domestic solar panel makers in Canadian province Ontario brings helpful but limited guidance in a growing number of other disputes. The...Tags: Italy, Solar Energy, China, Politics, Energy
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CANADA STOCKS-TSX may open higher on strong euro zone data
ReutersMay 14 (Reuters) - Canada's main stock index looked set to open flat to slightly higher as strong euro zone factory output figures overshadowed weaker-than-expected German ZEW sentiment. TOP STORIES * German analyst and investor sentiment edged up in...Tags: Verizon Communications, Mexico, Vodafone Group Plc, European Debt Crisis, Mercator Minerals Limited
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Commerzbank in talks to sell 5.7 bln euros of UK property loans
ReutersFRANKFURT, May 14 (Reuters) - Commerzbank is in intensive talks to divest the bulk of its 5.7 billion euros ($7.4 billion) in British property loans, Germany's second biggest lender said in the prospectus of its capital increase published on Tuesday....Tags: United Kingdom
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TREASURIES-Treasuries edge up as investors reconsider Fed tapering
Reuters* Benchmark yield eases back from more than six-week high * German investor morale falls short of expectations * Inflation data expected later in the week By Luciana Lopez NEW YORK, May 14 (Reuters) - Prices for U.S. Treasuries were little changed...Tags: Foreign Exchange Market, Stamford, Federal Reserve, Economy, Business and Finance, Market and Exchange
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GLOBAL MARKETS-Shares fight back, oil slides as dollar momentum returns
Reuters* Dollar index down as euro, yen edge higher * Commodities pause from selling, gold steadies * European shares dip; ZEW, euro zone industrial data eyed By Marc Jones LONDON, May 14 (Reuters) - Signs the dollar was preparing for another move higher held...Tags: Goldman Sachs Group, Inc., Italy, Federal Reserve, Productivity, JPMorgan Chase & Co.
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