Germany News
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German Stocks Retreat; Benchmark DAX Index Heads for Weekly Decline
German stocks retreated for a third consecutive day, with the benchmark DAX Index heading for a weekly loss. The gauge slumped 0.5 percent to 6,105.04 as of 9:30 a.m. in Frankfurt. The DAX is still set for a second monthly increase.
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Berlusconi Acts to Remove Fini From Party in Threat to Government Majority
Italian Prime Minister Silvio Berlusconi took steps to expel Gianfranco Fini from the People of Liberty party they co-founded, a move that may end the premier’s parliamentary majority two years into his term.
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European Stocks Fluctuate; Energy Shares Gain, Offsetting Declines in Food
European stocks fluctuated as investors awaited a report on U.S. gross domestic product for signs about the strength of the world’s largest economy. Asian equities fell and U.S. index futures were little changed.
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Czech Government Won't Commit to Euro Adoption Target, Prime Minister Says
Czech Prime Minister Petr Necas , in office for less than a month, said his government won’t commit to a target date for joining the euro, resisting pressure from exporters whose sales are being crimped by the rising koruna.
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