GO
Loading...

Germany

More

  • *Lenders in Spain and France better than expected. FRANKFURT, Oct 26- After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday- will its landmark health check succeed in convincing investors the region's lenders are safe? As well as the number of failures, Reuters has already reported details of...

  • Europe's bank test aims to strengthen economy Saturday, 25 Oct 2014 | 3:02 AM ET

    FRANKFURT, Germany— The European Central Bank on Sunday will reveal the results of a yearlong search through the books of Europe's 130 biggest banks, a key part of the region's effort to recover from its debt and economic crisis. Companies need the loans to invest and hire if Europe's economy, which didn't grow at all in the second quarter and has unemployment of...

  • DIARY - Top economic Events to Nov 6 Friday, 24 Oct 2014 | 8:01 PM ET

    FRANKFURT- Deutsche Bundesbank Board Member Andreas Dombret to give press conference at the Bundesbank in Frankfurt- 1200 GMT. FRANKFURT- ECB Vice-president Vitor Constancio and Supervisory Board Chair Daniele Nouy to hold a press conference on the results of the Comprehensive Assessment- 1030 GMT. LONDON- Bank of England Deputy Governor Minouche Shafik...

  • *Italy, France want more spending room despite EU budget rules. With a recovery coming to a halt in the second quarter and depressed prices reflecting near record unemployment, France and Italy want to shift away from the spending cuts that marked the bloc's response to the 2009-2012 crisis. France and Italy are pushing for more spending room in their budgets in...

  • BERLIN, Oct 24- German Chancellor Angela Merkel thanked ECB President Mario Draghi for spelling out to leaders at an EU summit that governments must play a role in boosting the faltering euro zone economy, and said it was their firm intention to do so. "I am very thankful to Mario Draghi for holding up a mirror for us once again," Merkel told a news conference in...

  • *President denies Russia to blame in Ukraine crisis. LAURA, Russia, Oct 24- Russian President Vladimir Putin accused the United States on Friday of endangering global security by imposing a "unilateral diktat" on the rest of the world and shifted blame for the Ukraine crisis onto the West. "We did not start this," Putin told an informal group of experts on Russia that...

  • *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession". After the bloc's revival came to a halt in the...

  • *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession." After the bloc's revival came to a halt in the...

  • *Paves the way for U.N. talks in Paris next year. The EU's 2030 goal should inject momentum ahead of a U.N. summit to be hosted by Paris in 2015 to seek a global pact on curbing climate change. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, tweeted the decision gave "valuable momentum for Paris 2015".

  • *Paves the way for U.N. talks in Paris next year. The EU's 2030 goal should inject momentum ahead of a U.N. summit to be hosted by Paris in 2015 to seek a global pact on curbing climate change. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, tweeted the decision gave "valuable momentum for Paris 2015.".

  • UPDATE 1-Stagnating euro zone seeks German shift Friday, 24 Oct 2014 | 8:18 AM ET

    *Italy, France want more spending room despite EU budget rules. BRUSSELS, Oct 24- France and Italy sought on Friday to bridge stark differences with Germany over how to avert economic stagnation and deflation, but Chancellor Angela Merkel warned her peers against repeating the euro zone's debt crisis. After the bloc's revival came to a halt in the second quarter,...

  • Iraq's oil exports rising in October despite unrest Friday, 24 Oct 2014 | 6:43 AM ET

    LONDON, Oct 24- Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing, a further sign that fighting has not derailed an expansion of supplies from OPEC's second-largest producer. Four months after an advance by Islamic State into northern Iraq sent oil prices soaring to $115 a barrel, the...

  • BRUSSELS, Oct 24- Euro zone leaders sought on Friday to bridge stark differences over how to avoid economic stagnation and deflation in the bloc, with Germany facing fresh calls to soften its budget rigor and spend more. After the euro zone's revival came to a halt in the second quarter, France and Italy want to shift course away from the spending cuts that marked...

  • LONDON, Oct 24- World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City's first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year. A doctor who treated Ebola patients in West Africa became the first person to test positive for the virus in America's largest city,...

  • Rapid UK economic growth slows slightly in 3rd quarter. LONDON- Britain's rapid economic recovery eased as expected during the third quarter, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data shows. BRUSSELS- France and Italy make fresh commitments to reform to persuade Germany and the European...

  • Germany is looking increasingly isolated on its prescription for an economic revival with its focus on balancing the books and avoiding new debt, while France, Italy, the United States and the IMF want to see Berlin agree to more public spending. "What we have heard from Germany is that their potential growth is currently 1.5, or something like that.

  • Germany's BASF warns on profits and shares drop Friday, 24 Oct 2014 | 3:51 AM ET

    BERLIN— Chemical and oil company BASF is warning that its profits will come in below its previous forecast in the wake of slower global economic growth and industrial production. Shares in BASF SE dropped 2.4 percent to 69.34 euros in Frankfurt trading Friday after the company revised its forecast. BASF upheld its target of a slight increase in pretax earnings...

  • Survey: German consumer confidence stabilizes Friday, 24 Oct 2014 | 2:48 AM ET

    BERLIN— A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy. The government and economists have cut their growth forecasts for Germany after a string of disappointing industrial data for August. It cautioned that consumer confidence would likely be affected if...

  • DIARY - Top economic Events to Nov 5 Thursday, 23 Oct 2014 | 8:01 PM ET

    MILAN, Italy- ECB Executive Board member Peter Praet speaks at the International Banking Conference "Structural changes in the banking sector" organized by Bocconi University- 0820 GMT. FRANKFURT- Deutsche Bundesbank Board Member Andreas Dombret to give press conference at the Bundesbank in Frankfurt- 1200 GMT. LONDON- Bank of England Deputy Governor...

  • INSIGHT-Mario Draghi's German problem Thursday, 23 Oct 2014 | 11:01 AM ET

    *Berlin criticism of ECB course reaches new heights. BERLIN/ FRANKFURT/ PARIS, Oct 23- In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. The Frenchman, one of ECB President Mario Draghi's closest allies in Frankfurt,...