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Europe Top News and Analysis Germany

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell money-losing Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to years of massive losses. Including debt, the deal gives CSA, the largest foreign investment project ever in Brazil, an enterprise value of 1.5...

  • LONDON/ FRANKFURT/ PARIS, Feb 22- French carmaker PSA Group expects its planned acquisition of General Motors' Opel division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros annually, sources said, adding that a deal could be finalised in early March. PSA also plans to make swift progress on technical convergence with GM's...

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • BERLIN— International Monetary Fund head Christine Lagarde said after talks with Chancellor Angela Merkel in Berlin that she sees no need for a "haircut" of Greek debt but that Athens needs to make "significant progress" on reforms. Athens agreed Monday to implement further reforms beginning in 2019, after the country's current third bailout has ended.

  • BERLIN, Feb 22- Greece doesn't need a debt haircut at the moment, International Monetary Fund Chief Christine Lagarde said on Wednesday, adding that debt restructuring and interest rate cuts on bailout loans were necessary. She said Greece should implement pension and income tax reforms demanded by the IMF as a condition for taking part in a bailout program.

  • *Spain, Germany sell new debt. LONDON, Feb 22- The gap between short-dated German and U.S. government bond yields stood at its widest in nearly 17 years on Wednesday as the former fell to record lows and the latter nudged up in anticipation of rate increase signals. Bottlenecks caused by the European Central Bank's bond-buying program and upcoming regulatory...

  • NEW YORK, Feb 22- Global stocks pulled back from record highs on Wednesday while the dollar rose ahead of minutes from the U.S. U.S. and German bond yields initially fell on safe-haven demand, stoked by jitters about the first round of the presidential election in France where polls showed anti-EU, anti-immigrant candidate Marine Le Pen leading.

  • PARIS, Feb 22- Airbus called on Wednesday for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft, after taking a fresh 1.2 billion euro charge for Europe's largest defence project. This is unacceptable and puts a huge burden on Airbus and we need to do something about it, "Chief Executive Tom Enders said.

  • *Kengeter faces German demands HQ move to Frankfurt. The $27- billion- plus deal to create Europe's biggest stock market was struck before Britain voted to leave the European Union. Brexit has prompted German politicians to demand that the merged company's headquarters move to Frankfurt, setting the scene for a clash with Britain as it seeks to safeguard...

  • An Airbus A400M military aircraft with army personnel onboard takes off from the German army Bundeswehr airbase in Jagel, northern Germany.

    Airbus has been forced to write-off billions of dollars as it struggles to get its beleaguered A400M military plane back on track.

  • The presidential candidate from the anti-EU, anti-immigration National Front party is all about national sovereignty and independence. She wants France to take control of its money, subject to a referendum that would lead France out of the European Union and its shared currency. But how would France pull off a euro exit, or "Frexit"?

  • *Spain, Germany sell new debt. LONDON, Feb 22- The gap between short-dated German and U.S. government bond yields stood at its widest in nearly 17 years on Wednesday as the former fell to record lows and the latter nudged up in anticipation of rate increase signals. Bottlenecks caused by the European Central Bank's bond-buying program and upcoming regulatory...

  • SAO PAULO/ ESSEN, Feb 22- Thyssenkrupp AG has struck a deal to sell its loss-making Brazilian steel mill CSA to Ternium SA for 1.26 billion euros, ending a foray into the Americas that led to billions of euros in losses. Including debt, the deal announced by the two companies late on Tuesday gives CSA, the largest foreign investment project ever in Brazil, an...

  • BERLIN, Feb 22- German business morale was surprisingly buoyant this month, a survey showed on Wednesday, supporting expectations of a robust start to 2017 in Germany and the euro zone despite worries about U.S. trade policies, Brexit and the French election. On Tuesday, preliminary purchasing manager surveys for Germany, France and the whole 19- member euro zone...

  • DRESDEN, Germany, Feb 22- Volkswagen wants to build more electric cars in eastern Germany and backs a Tesla-style expansion of charging stations in the city of Dresden, evidence of efforts to reshape its business after a diesel emissions scandal. VW, which has regained the status of the world's largest carmaker, is pursuing a multi-billion-euro investment in...

  • BERLIN, Feb 22- German business morale brightened unexpectedly in February as managers' assessment of their business situation reached its highest level in more than five years, supporting expectations that Europe's biggest economy got a robust start in 2017.. The figures, published by the Ifo institute on Wednesday, were another sign that growth in the euro...

  • President Donald Trump's policies, providing another sign that Europe's economy is gaining pace. The Munich- based research institute surveys 7,000 businesses in Europe's biggest economy about their view of how things are right now and how the situation will develop in coming months. The recovery has been supported by large-scale monetary stimulus from...

  • As the most exposed among the major British banks to any downturn in the British economy, with 97 percent of its business in the UK, Lloyds has confounded expectations that last year's vote to quit the European Union would squeeze profits. Shares in Britain's biggest mortgage lender rose 3.8 percent by 0902 GMT, the best performing stock in the benchmark FTSE 100...

  • BERLIN, Feb 22- German business morale brightened unexpectedly in February, matching December's 33- month high, a survey showed on Wednesday, suggesting company executives are more upbeat about the growth prospects of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000...

  • BERLIN, Feb 22- German business morale brightened unexpectedly in February, matching December's 33- month high, a survey showed on Wednesday, suggesting company executives are more upbeat about the growth prospects of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000...