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UPDATE 1-Commerzbank Q2 profit more than doubles on retail banking

*Commerzbank shares indicated up 2.2 percent. FRANKFURT, Aug 3- Commerzbank's second-quarter net profit more than doubled thanks to strong retail banking activities, and the German lender announced its first dividend since 2007.. Commerzbank, a household name in Germany which finances more than a third of the nation's exports, is more than half way through a...
Source: Reuters | By: Arno Schuetze
UPDATE 1-Deutsche Bank to freeze executive bonuses - source

FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for its executive board as it examines whether some managers could have done a better job at avoiding problems that led to expensive litigation, a person familiar with the matter said. The bonus freeze hits all members of the management board except Deutsche Bank's new Chief Executive John Cryan,...
Source: Reuters | By: Kathrin Jones
Swiss franc shock hits central bank for $50B

The Swiss National Bank revealed Friday that abandoning its currency cap cost 50.1 billion Swiss francs in the first half of the year.
Source: CNBC.com | By: Matt Clinch
Lufthansa profits take off despite strikes and crash

The oil price fall helped airline, Deutsche Lufthansa AG post better-than-expected Q2 earnings, in spite of the Germanwings crash and labor disputes.
Source: CNBC.com | By: Alexandra Gibbs
FOREX-Dollar firm on Fed expectations ahead of U.S. GDP report

TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...
Source: Reuters | By: Lisa Twaronite
What would you buy: Germany's DAX or Apple?

Despite reporting robust second-quarter earnings last week, the value of Apple shares quickly plunged and have struggled to regain momentum.
Source: CNBC.com | By: Jenny Cosgrave
UPDATE 1-Austria's top court overturns 2014 Hypo debt haircut law

VIENNA, July 28- Austria's highest court on Tuesday overturned a law that wiped out some junior debtholders in defunct lender Hypo Alpe Adria, raising chances they could get part of their money back. Passed last year, the law effectively cancelled 890 million euros of subordinated debt guaranteed by Hypo's home province of Carinthia, a move that drew howls of...
Source: Reuters
Roller coaster crash set to cost owner $73M

Popular UK attractions operator, Merlin Entertainments, has issued a profit warning ahead of its interim results, following a rollercoaster incident.
Source: CNBC.com | By: Alexandra Gibbs
Alstom to take 300 mln eur hit to help GE sale through

PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...
Source: Reuters
Europe stocks close 2% down after China rout

European stock closed lower on Monday, after a sharp selloff in Asian shares highlighted concerns about Chinese market volatility and slowing growth.
Source: CNBC.com | By: Jenny Cosgrave