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Time may be nearing for ECB stimulus exit - Weidmann

FRANKFURT The time may be nearing for the European Central Bank to start discussing the end of unprecedented stimulus as growth and inflation are both moving in the right direction, Bundesbank president Jens Weidmann told German newspaper Welt am Sonntag.

Recent Business News

Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says

CARACAS Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA [PDVSA.UL] that were channelled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on Saturday.

12:31am BST

CEO of Raytheon's Forcepoint eyes IPO - Boersen-Zeitung

FRANKFURT U.S. missile maker Raytheon's cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday.

24 Jun 2017

EDF's Hinkley Point seen overrunning budget - Le Monde

PARIS EDF's Hinkley C nuclear power plant will experience a budget overrun of between one billion and 3 billion euros as its construction could be delayed by two years, French newspaper Le Monde said on Saturday, citing sources close to the matter.

24 Jun 2017

EQT buys 20 percent of German artificial limb maker Otto Bock

FRANKFURT Swedish buyout group EQT has agreed to buy a 20 percent stake in Otto Bock HealthCare GmbH, valuing the German artificial limb maker at 3.15 billion euros (2.77 billion pounds), the two parties said on Saturday.

24 Jun 2017

Volkswagen's Slovak union says close to wage deal to end strike

BRATISLAVA The union representing workers at Volkswagen's Slovak factories said on Saturday it was close to agreeing a wage deal with management to end a five-day strike that has hit production at the country's biggest private employer.

24 Jun 2017

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