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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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
Association Of Private German Banks Argues For Digital Euro
Association Of Priv.....»»
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......»»
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.".....»»
Dollar gains before manufacturing data, euro crumbles on German inflation
Dollar gains before manufacturing data, euro crumbles on German inflation.....»»
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......»»
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......»»
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......»»
"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.....»»
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......»»
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......»»
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......»»