Frankfurter Allgemeine Zeitung

Obama Joins G-8 Allies Isolating Putin Over Assad

President Barack Obama and European allies moved to further isolate Russian president Vladimir Putin for supporting the regime in Syria even as the leaders sought a way to push both sides in that nation’s civil war into talks.

Assad Warns Against Arming Rebels, Denies Chemical Weapons Use

Syrian President Bashar al-Assad warned that Europe will “pay the price” for arming rebels trying to topple him and rejected accusations that he’s deployed chemical weapons against them as baseless.

German Stocks Decline as U.S. Manufacturing Contracts

German stocks declined to a three- week low as a report showed U.S. manufacturing unexpectedly contracted in May, and amid investor concern the Federal Reserve will reduce its debt-buying program.

German Neo-Nazi Trial Opens Amid Debate Over Media Access

The trial of Beate Zschaepe, a member of a neo-Nazi cell accused of a series of xenophobic murders, opened in Munich today -- after weeks in which public attention focused more on the court’s media policy than the charges.

Intrade Shortfall, BOE Stress, Borsa Istanbul: Compliance

Intrade, the betting website that halted trading last month amid a probe into suspected financial irregularities, told customers it has found a $700,000 shortfall in client funds as it seeks their backing for a survival plan.

Semeta Says Austria in `Lonely' Position on Savings Plan

Austria may find itself isolated if it continues to resist European Union savings-tax proposals, EU Tax Commissioner Algirdas Semeta said.

Lufthansa’s Mayrhuber Drops Board Candidacy on Criticism

Deutsche Lufthansa AG was forced into an ad-hoc search for a new candidate to head its supervisory board after former Chief Executive Officer Wolfgang Mayrhuber surprisingly pulled out one day before he was due to be elected.

Germany Could Make Nuclear Reactor a Reserve Plant, FAZ Reports

The Federal Network Agency of Germany has told the regional government of the German state of Baden-Wuerttemberg that it may have to make the Philippsburg 1 nuclear reactor a reserve power plant, Frankfurter Allgemeine Zeitung reported in a preview of an article that will be published tomorrow.

European Stocks Drop on Concern Debt Crisis Is Deepening

European stocks dropped the most in a week as Italy failed to meet its maximum target at a debt sale, Spain struggled to bolster its banking system and a Greek poll showed increased support for parties opposed to spending cuts.

German Airline Industry Wants Flight Tax Abolished, FAZ Reports

Germany’s airline industry wants the country’s new tax on flight tickets to be abandoned because it is hurting the country’s airlines and smaller airports, Frankfurter Allgemeine Zeitung reported today.

Germany

Europe

London

Austria

Dollar, Treasuries Fall as Stocks Fluctuate Before Fed

Men’s Wearhouse Board Fires Founder George Zimmer

U.S. Stocks Fluctuate as Investors Await Fed Comments

Most European Stocks Decline Before Fed as Nordea Slides

Dollar Weakens on Fed Bond-Purchase Speculation; Krona Advances