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Adidas sees $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......»»

Category: topSource: reutersMar 11th, 2020

Volkswagen reaches $900 million deal with consumers over diesel scandal

Volkswagen and a major German consumer group said on Friday that they had reached an 830 million euro ($902.04 million) agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests......»»

Category: topSource: reutersFeb 28th, 2020

Asia stocks rise on lull in virus worry, euro still weak

Asian shares and U.S. stock futures rose on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases......»»

Category: topSource: reutersFeb 19th, 2020

Asian shares nudge up as virus spread slows, euro fragile

Asian shares and U.S. stock futures edged cautiously higher on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases......»»

Category: topSource: reutersFeb 18th, 2020

Asian shares inch higher, euro teeters on weak economic outlook

Asian shares and U.S. stock futures edged cautiously higher on Wednesday as investors tried to shake off worries about the coronavirus epidemic following a slight decline in the number of new cases......»»

Category: topSource: reutersFeb 18th, 2020

BASF picks German state of Brandenburg as battery materials production site

Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a one million euro investment plan to benefit from a growing electric vehicle market......»»

Category: topSource: reutersFeb 12th, 2020

German Bank to Offer Tokenized Securities Based on Stellar

One of the oldest banks in Europe, von der Heydt, is developing a euro stablecoin to facilitate private placements in securities tokenized on the Stellar blockchain......»»

Category: forexSource: coindeskFeb 11th, 2020

Exclusive: German exports to United States jump despite trade tensions

Strong German exports to the United States helped Europe's largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefited from a weaker euro and trade diversion linked to the U.S.-China tariff dispute......»»

Category: topSource: reutersNov 21st, 2019

Oil prices decline on U.S. crude build, weak euro zone data

Oil prices declined on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions......»»

Category: topSource: reutersNov 6th, 2019

Association Of Private German Banks Argues For Digital Euro

Association Of Priv.....»»

Category: blogSource: zerohedgeNov 1st, 2019

Blackstone, Kirkbi launch sale of insulation maker Armacell: sources

Buyout group Blackstone and Danish family investor Kirkbi are launching the sale of German insulation foam maker Armacell in a potential 1.3-1.5 billion euro ($1.43-$1.65 billion) deal, people close to the matter said......»»

Category: topSource: reutersOct 8th, 2019

German Finance Minister Supports Digital Euro, But ‘Very Critical’ of Libra

Speaking on a possible e-euro, minister Olaf Scholz said Germany "should not leave the field to China, Russia, the U.S. or any private providers.".....»»

Category: forexSource: coindeskOct 7th, 2019

Dollar gains before manufacturing data, euro crumbles on German inflation

Dollar gains before manufacturing data, euro crumbles on German inflation.....»»

Category: topSource: moneycentralOct 1st, 2019

Governments must ensure ECB is not overburdened, Merkel says

Euro zone governments must reform their economies and use appropriate fiscal policies to ensure that the European Central Bank is not overburdened, German Chancellor Angela Merkel said on Thursday......»»

Category: topSource: reutersSep 26th, 2019

Luxury group Kering trims Puma stake with 500 million euro bond

French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand......»»

Category: topSource: reutersSep 25th, 2019

Germany offers Thomas Cook"s Condor 380 million euro bridging loan

Germany will guarantee a 380 million euro ($418.6 million)bridging loan for Condor, the German airline owned by insolvent British travel operator Thomas Cook, to enable it to continue flying and save jobs, the economy minister said on Tuesday......»»

Category: topSource: reutersSep 24th, 2019

"Simply Awful": German PMI Plunges To 7-Year Low As Manufacturing Recession Accelerates, Spreads To Services

"Simply Awful": German PMI Plunges To 7-Year Low As Manufacturing Recession Accelerates, Spreads To Services Weakness in euro-area manufacturing hit a climax this morning as German private sector activity plun.....»»

Category: blogSource: zerohedgeSep 23rd, 2019

Germany"s Osram urges investors to accept $4.8 billion AMS offer

Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group......»»

Category: topSource: reutersSep 16th, 2019

Osram advises investors to accept $4.8 billion offer from AMS

German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive......»»

Category: topSource: reutersSep 16th, 2019

Post-ECB market rally fades as doubts emerge over stimulus impact

German bond yields and the euro rebounded on Thursday and European banking shares were whipsawed as doubts crept in about the effectiveness of the ECB's decision to cut interest rates and pledge an indefinite supply of asset purchases......»»

Category: topSource: reutersSep 12th, 2019