European Carbon Emission Permits Rise for Sixth Day; Power Prices Advance

(Bloomberg) -- European Union carbon dioxide permits
rose for a sixth day, the longest consecutive gain in more than two
months. German and French next-day power prices advanced.

Permits for December 2008 advanced as much as 60 cents, or 2.9
percent, to 21.45 euros ($29.39) a metric ton on the European
Climate Exchange in Amsterdam. They traded at 21.05 euros a ton at
5:49 p.m. local time.


Read more at Bloomberg Energy News

European Mining Stocks Advance, Led by BHP Billiton, Rio; IKB Tumbles

(Bloomberg) -- European mining stocks rose, led by
BHP Billiton Ltd. and Rio Tinto Group, as copper increased.

IKB Deutsche Industriebank AG tumbled 18 percent after the
German lender that invested in U.S. subprime mortgages said
profit will be ``significantly'' lower than forecast.


Read more at Bloomberg Stocks News

European Bank Stocks May Decline, Led by ING, Credit Suisse, IKB Deutsche

(Bloomberg) -- European bank stocks may drop after
IKB Deutsche Industriebank AG, a German lender that invested in
U.S. subprime mortgages, said profit will be ``significantly''
lower than forecast.

``The subprime crisis has reached Germany,'' said Klaus
Stabel, head of research at ICF Kursmakler AG in Frankfurt.
``It's bad for sentiment. We haven't seen the bottom yet.''


Read more at Bloomberg Stocks News

UPDATE 1-Akzo Nobel says ICI rejects new takeover bid

(Reuters) - Akzo Nobel said it had teamed up with Germany's Henkel
for the offer and that ICI had considered that the
offer did not reflect its full value.




In June, Akzo Nobel had make an indicative offer of 600
pence a share, which ICI also rejected as too low. The UK
Takeover Panel had set an Aug. 9 deadline for Akzo to make a
firm bid or walk away.


Read more at Reuters.com Mergers News

Germany warn Siemens on Libya atomic deal - paper

(Reuters) - Germany's Environment Ministry and opposition Greens party have warned Siemens not to take part in a planned French nuclear deal with Libya, Handelsblatt reported.

French President Nicolas Sarkozy signed a memorandum of understanding for a nuclear energy deal with Libya during a visit there last week.


Read more at Reuters Africa

European Bonds Have Longest Weekly Rally for Five Months on Subprime, Risk

(Bloomberg) -- European bonds gained for a third
week, their longest winning run in almost five months, as traders
switched to the safety of government debt after stocks plunged
around the world.

The rally in German bunds pushed 10-year yields to the
lowest since May today as the risk of owning company debt surged
to a record. A gauge of corporate borrowing costs reached the
highest since October 2001 after hedge funds and banks reported
losses on investments backed by U.S. subprime mortgages.


Read more at Bloomberg Bonds News

German Stocks Decline, Led by Deutsche Bank, Allianz; Volkswagen Rises

(Bloomberg) -- Germany's benchmark DAX Index
dropped for a fourth day, paced by Deutsche Bank AG,
Commerzbank AG and Allianz SE, on mounting concern financing
difficulties may cloud the outlook for mergers and takeovers.

Volkswagen AG advanced after the carmaker's first-half
profit beat analysts' expectations. Siemens AG also climbed.


Read more at Bloomberg Stocks News

European Bond Yields Hold Near Lowest in Two Months as Stocks Decline

(Bloomberg) -- European bond yields held near the
lowest in two months as stock markets across the region fell and
corporate-debt risk surged to a record

Bunds reversed earlier losses on speculation investors
switched to the safety of government securities. Benchmark 10-
year yields rose earlier after data showing consumer-price
inflation accelerated in Germany in July, adding to the case for
the European Central Bank to keep raising interest rates.


Read more at Bloomberg Bonds News

Afrox says set for "real growth" in earnings

(Reuters) - South African gas group African Oxygen posted 9-month headline earnings per share of 117 cents compared with 93.7 cents in the six months to end June 2006, and said on Thursday it was positioned for "real growth" in earnings.

Afrox is changing its financial year to end December from end September to align itself with its holding company, Germany's Linde Group, so was unable to provide comparative figures.


Read more at Reuters Africa

European Bonds Rally, Pushing Benchmark Yield to Its Lowest in Two Months

(Bloomberg) -- European government bonds rallied,
pushing 10-year yields to the lowest in more than two months, as
stocks slumped and the risk of holding corporate debt soared.

Benchmark bunds rose for a third day on rising concern about
loan defaults and as investors balked at funding takeovers.
Traders also scaled back bets that the European Central Bank will
push interest rates higher as a report showed business confidence
in Germany weakened for a second month.


Read more at Bloomberg Bonds News

Germany's DAX Index Advances, Paced by Fresenius Medical; SAP Shares Climb

(Bloomberg) -- Germany's benchmark stock index
climbed, paced by Fresenius Medical Care AG. SAP AG gained after
Barron's reported the company could be a takeover target.

Hypo Real Estate Holding AG retreated after Germany's
second-biggest commercial-property lender said it agreed to buy
Depfa Bank Plc for about 5.7 billion euros ($7.9 billion).


Read more at Bloomberg Stocks News

Being German may be key to Continental getting VDO

(Reuters) - A deal would transform the German car parts group, eclipsing
its 1998 Teves purchase that helped turn the world's No. 4
tyremaker into a leading high-margin electronic brakes supplier.
All Wennemer has to do is persuade Peter Loescher, the new
Siemens CEO, to abandon plans to float VDO and bury any thought
of a sale to TRW Automotive Holdings and its owner, The
Blackstone Group , for a reported 12 billion euros.




But first Wennemer may need to change his spots.


Read more at Reuters.com Bonds News

U.S. stocks seen up, earnings flood awaited

(Reuters) - "The second quarter results are coming more and more into
focus and will give the trading impulses in following days,"
said Giuseppe-Guido Amato, equity strategist at German brokerage
Lang & Schwarz.




Technology stocks will be in the spotlight again, with
earnings due from Microsoft Corp. , the world's biggest
software company, Motorola Inc and Google Inc .


Read more at Reuters.com Bonds News

Dow Jones Shares Rise After Journal Says Agreement With Murdoch Reached

(Bloomberg) -- Dow Jones & Co. shares rose after the
Wall Street Journal reported Rupert Murdoch's News Corp. has
reached a tentative deal to acquire the company for $5 billion.

Dow Jones shares rose 1.8 percent in German trading today.
The Dow Jones board will vote this evening on the $60-a-share
offer after negotiators reached an agreement yesterday, the
Journal said, citing people familiar with the situation. Linda
Dunbar, a Dow Jones spokeswoman in New York, and Kate Dobbin, a
London-based company spokeswoman, declined to comment.


Read more at Bloomberg Stocks News

No EADS cap hike needed now-German govt official

(Reuters) - "It has been agreed that Germany and France will discuss the
issue of the shareholer structure in the coming months," Hintze,
who is also a state secretary in the Economy Ministry, told
Reuters.




Read more at Reuters.com Bonds News

U.S. Stock-Index Futures Are Little Changed; Schwab Falls, Motorola Gains

(Bloomberg) -- U.S. stock-index futures were
little changed before companies including Charles Schwab Corp.,
the biggest discount brokerage, report earnings today.

Schwab fell in Germany, while toymaker Mattel shares
didn't trade in Europe after the company posted earnings that
met analysts' estimates. Motorola Inc. gained after Deutsche
Bank AG recommended buying shares of the world's No. 2 maker of
mobile phones. Ford Motor Co. also climbed. Newspapers
including the Sunday Times reported that the second-biggest
U.S. automaker may sell its profitable Volvo Car Corp.
business.


Read more at Bloomberg Stocks News

Asia shares ease, oil eyes record high

(Reuters) - London's FTSE 100 Index and Germany's DAX rose about 0.2 percent in early trade while France's CAC 40 edged up nearly 0.1 percent.




Data on Friday showing improved U.S. consumer sentiment sparked optimism that shipments to Asia's top export market would stay strong, helping to limit regional stock losses and lending support to the dollar.


Read more at Reuters.com Business News

Air Berlin, Commerzbank, Siemens, Duerr, Vattenfall: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after company
names and prices are from the Xetra close unless otherwise
stated.

DAX futures expiring in September rose 50 points, or 0.6
percent, to 8155.50 on July 13 in Frankfurt. The DAX increased
0.5 percent to 8092.77 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

France, Germany seek to resolve splits over EADS

(Reuters) - Rivalry between French and German camps inside Europe's
biggest aerospace and defense group is widely blamed for delays
to the world's largest airliner, the Airbus A380 superjumbo,
and has strained the two nations' political and economic
relations.




Despite the pressing problems facing the group, Germany
appeared to be resisting French attempts to push through a
speedy management shake-up.


Read more at Reuters.com Business News

Russia's Mordashov eyes Power Machines buy -media

(Reuters) - Germany's Siemens holds 25 percent plus one share
in Power Machines and had sought to buy control in the firm, but
Russian authorities blocked the deal citing national security
reasons.




Russia's former power monopoly UES also holds 25
percent in Power Machines, which has market value of $1.2
billion.


Read more at Reuters.com Mergers News