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European equities were sharply lower on Thursday following a sell-off in the U.S. Wednesday and a lackluster lead from Asia. The pan-European Euro Stoxx 600 Index (STOXX: .STOXX) was lower with major bourses like the German DAX (XETRA: .GDAXI) posting heavy losses. Concerns over escalating political chaos in Yemen are weighing on market sentiment. Oil Read More

By Edward Taylor MUNICH (Reuters) – German carmaker BMW AG (BMWG.DE) said it expects 2015 sales volume and group profit before tax to rise by a medium to high single-digit percentage, issuing more subdued guidance than a year ago amid higher investment costs for new technologies. BMW had last year predicted significant growth in 2014 Read More

European equities closed lower on Tuesday as investors reacted to a slew of earnings news and economic data. The U.K.’s FTSE 100 (FTSE International: .FTSE) index closed provisionally down 0.6 percent. The German DAX (^GDAXI) and the French CAC (Euronext Paris: .FCHI) closed down unofficially 1.0 percent and 0.8 percent. Barclays (London Stock Exchange: BARC-GB)‘ Read More

By Jonathan Gould MUNICH (Reuters) – German insurer Allianz (ALVG.DE) raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco. Shares in Europe’s largest insurer fell more than 3 percent on Thursday and were the Read More