Euro Financial Review

Deutsche Bank said on Thursday it will cut more than 7,000 jobs worldwide and “significantly reshape” its equities sales and trading business. “We remain committed…

The European Commission has proposed a 2019 draft EU Budget of €166 billion in commitments — a 3% increase on 2018 — saying it is…

Vodafone said it agreed to acquire Liberty Global’s operations in Germany, the Czech Republic, Hungary and Romania for an enterprise value of €18.4 billion. Vodafone…

Private equity investment in European companies hit a ten-year high in 2017 at €71.7 billion, a 29% year-on-year increase, according to a new report by…

The European Commission said it imposed a €124.5 million fine on Netherlands-based cable and telecommunications company Altice “for implementing its acquisition of the Portuguese telecommunications operator…

Deutsche Bank appointed Frank Kuhnke as the company’s new chief operating officer (COO) “responsible for technology and central operations, including information security, data management, digital…

The European Investment Fund (EIF) and the National Bank of Greece (NBG) have signed three guarantee agreements worth €640 million to improve access to finance…

Volkswagen said Herbert Diess will succeed Matthias Mueller as chief executive as it resolves to “extensively revise the group’s management structure. ” Volkswagen said: “The introduction…

The European Commission and the European Investment Fund (EIF) have launched a Pan-European Venture Capital Funds-of-Funds programme (VentureEU) to boost investment in innovative start-up and…

The European Union and its member states continue to be the world’s leading provider of Official Development Assistance (ODA) with an overall amount of €75.7…

Deutsche Bank has named 47-year-old retail banking specialist Christian Sewing as its new chief executive officer with immediate effect. He succeeds John Cryan, 57, who will…

Airbus has confirmed it will cut production rates for its A380 superjumbo and A400M military aircraft — putting up to 3,700 jobs at risk in France,…

Deutsche Boerse wants to win a quarter of the euro clearing market from London if the UK leaves the European Union, Deutsche Boerse’s new CEO said…

The European Commission said it has opened an in-depth investigation into the proposed $85 billion merger of industrial gases giants Linde and Praxair, saying it feared…

Europe’s biggest insurer Allianz Group said its 2017 full-year revenues rose 3% to €126.1 billion, driven by improvements in all business segments, especially asset management and life and…

The share of energy from renewable sources in gross final consumption of energy reached 17% in the European Union (EU) in 2016, double the share in…

The European Commission said EU Member States agreed on the Commission’s proposal to invest €873 million in key European energy infrastructure projects. In the electricity…

Qualcomm said it will appeal the decision of the European Commission (EC) to fine Qualcomm $1.23 billion “for abusing its market dominance in LTE (Long-Term Evolution) baseband chipsets.”…

China’s Geely Holding has agreed to buy an 8.2% stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for roughly $3.3 billion. Geely…

Allianz X, the digital investment unit of Germany’s Allianz Group, announced a $96.6 million investment in BIMA, a digital microinsurer that uses mobile technology to…

French aerospace and defense giant Thales agreed to buy Dutch-French chipmaker Gemalto for €4.8 billion to create a “global market leader in the fast-growing digital security…

Sweden’s Assa Abloy, the world’s largest lock maker whose brands include Chubb and Yale, said on Monday it appointed Nico Delvaux as its new chief executive….

German residential property giant Vonovia has agreed to buy Austrian peer Buwog in a cash deal that values Buwog at up to €5.2 billion, the two companies…

Norway’s Statoil and Brazil’s Petrobras agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil,…

The European Commission said it opened an in-depth investigation into the Netherlands’ tax treatment of Inter IKEA, one of the two groups operating the IKEA…

The European Commission has approved under EU state aid rules Germany’s plans to grant Air Berlin a temporary €150 million bridging loan. “The measure will…

Swedish car manufacturer Volvo Cars said it will be phasing out solely combustion engine-powered cars and that every car it launches from 2019 will have…

The European Commission said it fined Alphabet unit Google a record €2.42 billion for abusing its dominance as a search engine by “giving illegal advantage”…

The European Commission said it approved French support for the construction of a €1.32 billion express railway line between Paris and Charles de Gaulle airport….

The European Commission said it approved under EU state aid rules the transfer of radioactive waste liabilities to a new public fund in Germany in…

The European Commission has opened an in-depth investigation to assess the proposed $38 billion acquisition of Netherlands-based NXP Semiconductors by San Diego-based Qualcomm under the…

Pittsburgh-based PPG Industries said it withdrew its proposal to buy Dutch paints, coatings and chemicals giant AkzoNobel in a €26.3 billion deal after a final attempt to engage AkzoNobel’s boards failed. “We…

The European Securities and Markets Authority (ESMA) said it fined Moody’s Deutschland GmbH (Moody’s Germany) €750,000 and Moody’s Investors Service Limited (Moody’s UK) €490,000, and…

Switzerland-based chemicals firm Clariant and US-based Huntsman said their boards unanimously approved a definitive agreement to merge in all-stock transaction that creates a company with a combined enterprise value of $20…

The European Commission has fined Facebook €110 million for “providing incorrect or misleading information” during the Commission’s 2014 investigation under the EU Merger Regulation of…

The first estimate for euro area exports of goods to the rest of the world in March 2017 was €202.3 billion, up 13% on March 2016, according…

AXA Investment Managers – Real Assets said it agreed to acquire a portfolio of 39 predominantly logistics assets spread across five European countries from Gramercy Property Europe…

French luxury goods group Kering said its consolidated revenue rose 28.6% on a comparable basis in the first quarter, with comparable sales its Gucci business up 48.3% and…

Around 840,000 people acquired citizenship of a member state of the European Union in 2015 — down from 890,000 in 2014 and 980,000 in 2013 — according…

BMW Group said its profit before tax rose 26.9% to €3.005 billion on revenue up 12.4% to €23.448 billion in its first quarter of the financial year 2017, helped by its Chinese…