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Euro: USD/EUR (EUR=X) high-impact German survey data comes out
Euro: USD/EUR (EUR=X) high-impact German survey data comes out EUR/USD traded mostly unchanged at the end of European trading on Tuesday as an early day decline was firmly bid by buyers. Vo.....»»
Euro Extends Decline After ECB Holds Rates At Highs, Hints At Cuts To Come
Euro Extends Decline After ECB Ho.....»»
Germany slips into recession as coronavirus hits — its sharpest decline since the global financial crisis
Associated Press The German economy plunged into recession as the country's federal statistics authority released grim data showing a contraction of 2.2% on Friday. The economy's decline reflects its biggest quarterly .....»»
Merck KGaA says profit could slip as fertility treatments shunned
Merck KGaA said a slight decline in operating earnings was on the cards this year as the coronavirus pandemic weighs on demand for chemicals in TV screens and is putting couples off seeking the German group's fertility treatments......»»
Siemens sees sales decline of up to 5% for 2020 financial year
Siemens Chief Financial Officer Ralf Thomas said the moderate sales decline expected by the German industrial company for its 2020 business year would mean a decline of up to 5%......»»
German court puts euro zone stimulus plan in peril
The ECB's bond-buying programme could be in doubt after Germany's top court gave the central bank three months to prove the spending is justified. Julian Satterthwaite reports......»»
Euro volatile as traders parse German court ruling on ECB"s PSPP program
The euro swung higher, then lost gains, as markets reacted to .....»»
Lagarde sees ECB in crisis mode until next year
The European Central Bank expects to remain in crisis-fighting mode until into 2021 to combat an "unprecedented decline" in the euro zone's economy caused by the coronavirus pandemic, its President Christine Lagarde said on Thursday. Ciara Lee reports.....»»
Thyssenkrupp taps 1 billion euro in state aid amid cash squeeze before elevator sale
Thyssenkrupp has secured about 1 billion euros ($1.1 billion) of state aid to tide it over until it receives the money from the sale of its elevator division, two sources said on Thursday, the latest German company to tap government funding......»»
Lufthansa to get financial support from Switzerland and Austria
Switzerland and Austria pledged to help Lufthansa with state-backed loans as the German airline pursues talks with Berlin over a 9 billion euro ($9.8 billion) rescue package......»»
No rescue deal yet for German airline Lufthansa: sources
Lufthansa has not yet agreed on a 9 billion euro ($9.73 billion) rescue package, company and government sources said on Tuesday, following a report overnight that said an agreement was complete......»»
Lufthansa seeking 290 million euro loan for Belgian airline: media
German airline Lufthansa is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday......»»
"Full fury" of virus crisis hits German economy
As the 'full fury' of the virus crisis hits the German economy, the EU plans a trillion-euro escape route for the region. Julian Satterthwaite reports......»»
Adidas plans a multi-billion bond to replace state loan: Manager Magazine
German sportswear firm Adidas plans a multi-billion euro bond so that it no longer needs the state-backed loan it agreed to take earlier this month to help it get through the coronavirus crisis, Manager Magazine reported on Thursday......»»
Adidas plans a multi-billion euro bond: manager magazine
German sportswear firm Adidas plans a multi-billion euro bond so that it no longer needs the government-backed loan it agreed earlier this month to help it get through the coronavirus crisis, Manager Magazine reported on Thursday......»»
Adidas gets 3 billion euro government backed loan, suspends dividend
German sports retailer Adidas on Tuesday said it received approval for a syndicated 3 billion-euro ($3.3 billion) government-backed loan to mitigate the financial impact on its business from the spread of the coronavirus......»»
BMW sees demand falling further after first quarter sales plunge due to coronavirus
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles......»»
As Germany reels from coronavirus, some officials debate impact on banks
As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG and Commerzbank AG, will be able to weather the economic fallout of coronavirus without state help......»»
German airline Condor applies for 200 million euro in state aid: sources
The German airline Condor has applied for an additional 200 million euros in state aid in the wake of the coronavirus outbreak, two people with knowledge of the matter said on Thursday......»»
Adidas sees $1.1 billion coronavirus hit to China sales, Puma warns on profit
German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus and said while there were early signs of improvement there the impact had spread to other markets......»»