SPD defies Merkel with presidential nominee
Germany's Social Democrats, junior partner in the ruling coalition, nominate their own candidate for next year's presidential election as discord with the CDU increases
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Atos narrowly escapes rout by activists
Atos Origin cut short its annual general meeting after the representative of employee shareholders appeared to side with activist hedge funds calling for change
Europe focuses on oil and energy
European oil and energy stocks were in focus after crude stormed to a record above $135 a barrel, prompting investors to punish airlines and other heavy consumers of fuel
Fall in jobless claims lifts Wall St
Wall Street stocks rallied modestly in light trading after an unexpected fall in the number of Americans filing first-time claims for unemployment benefits cheered investors, but a retreat in some
Allianz, Commerzbank eye bid for Postbank
Potential kick-start to long-awaited round of German financial consolidation as banking heavyweights consider making a combined offer for country's largest retail lender.
Ford retreats from 2009 profit goal
Soaring commodity prices, falling sales and a consumer shift away from large vehicles might delay carmaker's target of becoming profitable in North America by next year
Moody’s launches review in wake of errors
Moody's has initiated an external review of its ratings of $4bn of complex debt products after revelations that the agency had awarded incorrect ratings because of a bug in its
Clinton to fight on over disputed delegates
Hillary Clinton promised to take her dispute over the unseated delegates from Florida and Michigan to the Democratic convention in August if necessary in her most overt threat so far
Top banks call for relaxed writedown rules
The world's leading banks have stepped up pressure to relax controversial accounting rules with a new plan aimed at breaking the "downward spiral" of huge writedowns, emergency fundraisings and fire-sales
Fed signals rate cuts are unlikely
Federal Reserve officials slashed their forecasts for growth this year and raised projections for inflation as minutes revealed growing tension between the two objectives
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