The World Health Organization warned Tuesday that Europe’s death toll from the coronavirus-borne illness COVID-19 could exceed 2 million by March, as cases have climbed to nearly 4,200 a day and the illness has become the No. 1 cause of death on the continent. WHO European regional director Dr.Read More →
© Reuters. Germany stocks mixed at close of trade; DAX up 0.29% Investing.com – Germany stocks were mixed after the close on Monday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in Frankfurt, the addedRead More →
Daimler AG said Tuesday that it swung to a fourth-quarter loss and slashed its dividend as the diesel-emissions issue weighed on its balance sheet. The German car maker DAI, +2.43% posted a net loss of 11.0 million euros ($12.0 million) for the period compared with net profit of EUR1.64 billionRead More →
German stocks had a slippery hold on record territory Wednesday, as equities across Europe struggled to make gains amid lingering concerns over the spread of China’s coronavirus. The German DAX 30 index DAX, -0.01% pushed into record territory earlier in the day, rising to a high of 13,640.06, before turningRead More →
© Reuters. Germany stocks higher at close of trade; DAX up 0.17% Investing.com – Germany stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Frankfurt, the rose 0.17% to hit a new 52-week high, while the indexRead More →
© Reuters. Germany stocks mixed at close of trade; DAX down 0.09% Investing.com – Germany stocks were mixed after the close on Friday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in Frankfurt, the lostRead More →
© Reuters. A customer leaves a new Amazon pop-up store for Christmas at Berlin’s main shopping street Kurfurstendamm boulevard in Berlin BERLIN (Reuters) – Amazon.com (O:) is considering opening stores in Germany, its second biggest market after the United States, the ecommerce company’s head in the country was quoted asRead More →
There was no sign of a festive Santa Rally on European markets as traders were more focused on the pantone and presents to come than their portfolios. Despite U.S. stocks climbing to yet another record high on Monday, Christmas Eve trading was flat across the pond in what for manyRead More →
One month into her mandate, new European Central Bank president Christine Lagarde has already said many times that she wants to “review” the monetary policy she inherited from predecessor Mario Draghi. What she means by that is unclear, and Lagarde has so far toed the line in her pronouncements aboutRead More →
FRANKFURT (Reuters) – Tesla’s (O:) announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper Die Welt. “They are already on their way. I’m hearing there areRead More →
© Reuters. Paris Auto Show BERLIN (Reuters) – Germany’s cartel authority said on Thursday it was fining the country’s three major carmakers – BMW (DE:), Volkswagen (DE:) and Daimler (DE:) – a total of 100 million euros for forming a cartel to buy steel. From 2004 to 2013, the carmakersRead More →
Today’s parents are happier because they’re balancing work and child-rearing more effectively and splitting domestic duties between moms and dads more evenly. Those are the findings of a new study that examined German parents’s life satisfaction between 1984 and 2015. Researchers from the University of Zurich looked at nationally representativeRead More →
With a few weeks left of 2019, the S&P 500 is up 23% and on track for the best annual return since 2013. That shouldn’t be a big surprise, given the records just keep coming. Onto our call of the day, from Citigroup’s chief U.S. equity strategist, Tobias Levkovich, whoRead More →
© Reuters. Germany stocks mixed at close of trade; DAX down 0.20% Investing.com – Germany stocks were mixed after the close on Monday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in Frankfurt, the declinedRead More →
The eurozone economy keeps slowing — forecasts are regularly proving to be too optimistic. After its latest cut to GDP estimates, the European Central Bank now sees gross domestic product growing 1.1% this year and 1.2% in 2020, compared with projections issued in June for 1.2% GDP in 2019 andRead More →
BERLIN (Reuters) – Daimler (DE:) said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans. Carmakers have been forced to consider upgrading exhaust treatment systemsRead More →
© Reuters. Germany stocks mixed at close of trade; DAX up 0.38% Investing.com – Germany stocks were mixed after the close on Monday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in Frankfurt, the gainedRead More →
FRANKFURT–Consumer sentiment in Germany is set to improve in October following the European Central Bank’s easing package, market research group GfK said in its monthly survey on Thursday. GfK’s forward-looking index is set to rise to 9.9 points in October from 9.7 points in September, GfK said. The outcome isRead More →
BERLIN — Ferdinand Piech, grandson of the original designer of the Volkswagen Beetle and a towering figure in modern automotive history, has died, his wife, Ursula Piech, said Monday. Piech’s influence in the industry extended well beyond Volkswagen AG VOW, -0.07% in Wolfsburg, Germany, the company town that grewRead More →
© Reuters. Germany stocks higher at close of trade; DAX up 1.32% Investing.com – Germany stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Frankfurt, the added 1.32%, while the index added 1.45%, and the index climbedRead More →
On a day the yield on the 10-year German bond TMBMKDE-10Y, -2.95% hit a record low and a fund manager survey found the most bullish view on bonds in close to 11 years, it’s worth asking if the mania for fixed income that is gripping markets is justified. The CallRead More →
Getty Images A man is seen leaving the US headquarters of Deutsche Bank on July 8, 2019 in New York City. AFP/Getty Images Deutsche Bank created over the years a whopping $53.5 trillion (€48 trillion) book of derivatives contracts that it now is seeking to unload, but experts say gettingRead More →
© Reuters. Workers and Verdi union members protest during strike action at a Amazon logistics centre in Werne, Germany BERLIN (Reuters) – More than 2,000 workers at seven Amazon (O:) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday.Read More →
BERLIN (Reuters) – U.S. online retail giant Amazon (O:) plans to open a new warehouse in Germany this year and create more than 2,800 jobs with permanent contracts in what is its second-biggest market after the United States. That will bring Amazon’s total staff in Germany to more than 20,000Read More →
© Reuters. Germany stocks higher at close of trade; DAX up 0.11% Investing.com – Germany stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Frankfurt, the rose 0.11% to hit a new 6-months high, while the indexRead More →
