One in three German companies expect business with Russia to decline sharply this year as a result of economic sanctions imposed due to the Ukraine crisis, a German business lobby group said on Tuesday.
Europe
Show us the money: EU seeks billions of euros to revive economy
The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.
EU's Moscovici calls France's missed deficit targets a 'serious problem'
Incoming European Economic and Financial Commissioner Pierre Moscovici said on Saturday that France's missed budget deficit targets were a "serious problem" that he will have to examine in his new role.
EU's Almunia denies decision on Google was postponed to appease lobbyists
Europe's antitrust chief hit back on Friday at media reports suggesting that he had bowed to political lobbying by delaying a final decision on alleged anti-competitive behavior by Google.
Allianz plans to sell U.S. consumer business: paper
German insurer Allianz is planning to sell the personal insurance business of its U.S. subsidiary Fireman's Fund as the unit continues to miss its targets, a German newspaper reported.
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The oil market's price setting agencies have avoided being linked to the kind of regulation trained on financial benchmarks, in a report by international regulators.
European shares slipped for a third straight session on Tuesday, weighed down by companies which trade dollar-denominated commodities such as oil, as investors shortened the odds on an early hike in U.S. interest rates.
The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world's fastest growing oil firm in recent years.
German engineering group Siemens will delist its shares from the London and Swiss stock exchanges because of low trading volumes there, it said on Tuesday.
William Grant & Sons Ltd, the UK-based maker of Glenfiddich whisky and Hendrick's Gin, has acquired Drambuie for an undisclosed price, the company said on Monday.
State-backed Royal Bank of Scotland (RBS.L) plans to raise up to $4 billion from the share flotation of its U.S. bank Citizens Financial Group this month, putting it on track to be the biggest U.S. share offering by a bank this year.
The British government has urged the U.S. Supreme Court to review an appeals court ruling against BP Plc (BP.L) over a 2010 Gulf of Mexico oil spill that produced one of the largest class actions in American history.
The euro zone's struggle to avoid another recession will take center stage in the coming week in the absence of major U.S. data, as investors mull whether the ECB's new asset-buying plan is a prelude to even more radical steps.
Greek Prime Minister Antonis Samaras announced cuts on Saturday to unpopular taxes introduced at the height of Greece's debt crisis, in a bid to show that over four years of austerity are finally nearing an end.
