Europe Top News and Analysis Germany

More

  • MUNICH— Jordan's King Abdullah, the Iraqi prime minister and Saudi Arabia's foreign minister are among those expected at a conference opening in southern Germany, after diplomats agreed to work toward a temporary "cessation of hostilities" in Syria's civil war. Syria is expected to loom large at this year's event, which also features U.S. Secretary of State John...

  • FRANKFURT, Germany— The German economy grew 0.3 percent in the fourth quarter from the quarter before thanks to higher consumer and government spending. Those domestic factors offset a downward effect from Germany's typical strength, foreign trade. The largest of the 19 economies that use the euro currency weathered headwinds from an economic slowdown in...

  • LONDON, Feb 11- Fears that the negative interest rates employed by a growing band of central banks could be doing irreparable damage to the financial sector are spurring a search for even more radical alternatives. The Bank of Japan has just become the latest central bank to join the sub-zero club, Sweden took its rates even deeper into negative territory on...

  • PARIS— Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings. The bank saw its share price stumble 12 percent and major rivals like Deutsche Bank and UniCredit saw losses of nearly 10 percent. In the U.S., Morgan Stanley, Citigroup and Bank of America...

  • BERLIN— Chancellor Angela Merkel says Germany will give a 500 million-euro loan to Iraq to help rebuild the country's infrastructure. At a meeting with Iraqi Prime Minister Haider al-Abadi on Thursday in Berlin, Merkel said Germany also wants to help with the demining of cities and towns in Iraq so the country's 3 million internal refugees can return to their...

  • EU chief fears copycat 'Brexit' referendums Thursday, 11 Feb 2016 | 3:27 AM ET

    Other EU leaders are ready to copy David Cameron’s referendum tactics for their own “egotistic goals”, the European Council president has said. The FT reports.

  • DIARY-Top Economic Events to Feb 24 Wednesday, 10 Feb 2016 | 7:01 PM ET

    LONDON- Bank of England deputy governors, Jon Cunliffe and Andrew Bailey, to appear at Lords committee on euro zone financial system- 1130 GMT. SYDNEY- Reserve Bank of Australia Governor Glenn Stevens appears before the House of Representatives' Standing Committee on Economics in his twice yearly parliamentary testimony- 2230 GMT. WASHINGTON- Federal Reserve...

  • *Energy firms cutting back projects that need insuring. LONDON, Feb 10- The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Hannover Re's chief executive Ulrich Wallin used some understatement in...

  • *Recall to result in Daimler charge of 340 mln euros. *Charge lowers Daimler 2015 profit to 8.7 bln euros from 8.9 bln. WASHINGTON/ FRANKFURT, Feb 10- German carmakers Volkswagen and Daimler are recalling 1.5 million vehicles in the United States due to potentially faulty airbags made by Japanese company Takata Corp, the focus of a long-running global safety...

  • UPDATE 1-Audi, BMW sell fewer luxury cars than Mercedes Wednesday, 10 Feb 2016 | 7:33 AM ET

    *Mercedes catching up fast in China. BERLIN, Feb 10- Germany's Audi and BMW sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles. Munich- based BMW posted a 7.5 percent increase to 133,883 cars at its core brand and predicted the "positive trend"...

  • *Other sectors monitoring case for guidance on pricing methods. BRUSSELS, Feb 10- Leading shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines, two people familiar with the matter said on Wednesday. The European Commission opened an...

  • Deutsche Bank shares soar after days of losses Wednesday, 10 Feb 2016 | 6:00 AM ET

    FRANKFURT, Germany— Deutsche Bank shares have rebounded strongly after a news report that the bank may buy back some of its own bonds to strengthen its finances. Deutsche Bank shares had fallen on worries over whether the bank could pay some of its obligations, and more generally by disappointment with the announcement Jan. 28 of a 6.8 billion euro loss for last...

  • The Vermont Occupational Safety and Health Administration completed the review of the Department for Children and Families on Friday. A letter with the findings has been given to the commissioners of the child welfare agency and the Department of Buildings and General Services and was obtained by The Associated Press on Tuesday. Social worker Lara Sobel...

  • WASHINGTON/ FRANKFURT, Feb 9- German automaker Daimler said on Tuesday it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of 340 million euros. Daimler said it had decided to recall approximately 705,000 Mercedes-Benz cars and about 136,000 Daimler vans. Takata said other automakers...

  • *Bank's market value has almost halved since a year ago. FRANKFURT, Feb 9- Deutsche Bank bosses face a formidable task to drag its shares off a 30- year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery. Germany's flagship lender has trailed its rivals in bouncing...

  • BERLIN, Feb 9- In 2010, France's then Finance Minister Christine Lagarde urged Germany to boost economic demand at home and help weaker euro zone states recover from the global crisis. Those who say Germany is gradually rebalancing its economy, after decades of relying mainly on its exporters for growth, point to forecasts that domestic demand will account for...

  • German inventor Artur Fischer dies at 96 Tuesday, 9 Feb 2016 | 12:22 PM ET
    Artur Fischer

    Artur Fischer, a German inventor who registered more than 1,100 patents, died at age 96. The New York Times reports.

  • Banks leading European markets in negative spiral Tuesday, 9 Feb 2016 | 11:28 AM ET
    Banks leading European markets in negative spiral

    CNBC's Simon Hobbs reports on how European banks are leading the tumble in markets, what the ECB may do to deposit rates, and the end of rally for mining.

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • FRANKFURT, Germany— The CEO of Deutsche Bank reassured employees and markets that the company's finances were "rock-solid" as Europe's banks took another a beating in the stock market Tuesday. Competitor Credit Suisse last week announced a loss of 5.83 billion Swiss francs for last year, while four failing Italian banks needed to be bailed out in November.