GO
Loading...

Germany

More

  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • *Saudi Arabia raises monthly prices for crude sales. LONDON, March 4- Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. April Brent fell $1.46 to $59.56 by 1538 GMT, dropping below...

  • Vienna again tops survey of world's nicest cities Wednesday, 4 Mar 2015 | 10:02 AM ET

    VIENNA, March 4- Vienna, Austria's elegant capital on the Danube river, has again been commended as offering the best quality of life of any city in the world; Baghdad, once more, was deemed the worst to live in. Zurich, Munich, Duesseldorf and Frankfurt remained in the top 10.. New Zealand, Australia and Canada each have a city in the top 10..

  • LONDON, March 4- Brent crude oil slipped towards $60 a barrel on Wednesday as a stronger dollar pressured commodity prices, while Saudi Arabia's oil minister said he expected the market to balance itself and for prices to recover. Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, which hit a near six-year low of $45 in...

  • LONDON, March 4- Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's oil minister said he expected the oil market to balance itself. Oil Minister Ali al-Naimi said he hoped and expected the oil market to balance and prices, which hit a nearly six-year low around $45 in January, to stabilize, adding to signs OPEC's largest exporter is...

  • 5 stunners from the Geneva car show Wednesday, 4 Mar 2015 | 7:07 AM ET

    GENEVA— Forget driverless cars, electric power or even green technology. There is no doubt what visitors are coming to see at the glamorous Geneva motor show: supercars. "There are an awful lot of fast cars and supercars on display this year," said Jim Holder, editor-in-chief of Autocar magazine.

  • *Venerable British firm under threat from nimbler rivals. LONDON, March 4- Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain's former retail powerhouse Marks& Spencer. "There's a killing to be made if they can serve older women better," said Patsy Perry, a lecturer in fashion marketing at the University of Manchester.

  • LONDON, March 4- The European Union's second-highest court has ruled the European Central Bank was wrong to insist that euro clearing houses should be based in the single currency area, a policy Britain had challenged. Britain, which is a member of the EU but not the euro zone, had challenged the ECB's policy, saying it went against the EU's single market.

  • Honey, we shrank the SUV _ and Europe loves it Wednesday, 4 Mar 2015 | 2:18 AM ET

    The key in Europe has turned out to be putting the vehicles on platforms originally built for compact or small mid-sized cars. Compact SUVs have gained in popularity globally, but they're really getting attention now in Europe. The recently lower price of gasoline will not hurt, although gas remains painfully expensive in Europe compared with the United...

  • DIARY-Top Economic Events to March 17 Wednesday, 4 Mar 2015 | 12:01 AM ET

    LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by...

  • CHARLESTON, S.C., March 3- Daimler AG is set to announce it will build Mercedes-Benz Sprinter vans at its plant in South Carolina and add 1,200 jobs there as a result, a state politician said on Tuesday. South Carolina State Representative Chip Limehouse, a Republican from Charleston, said officials in North Charleston, South Carolina, told him the German automaker...

  • A business person's guide to Munich: Beer included Tuesday, 3 Mar 2015 | 4:00 PM ET

    NEW YORK, March 3- Jim Koch considers Munich a beer-lover's paradise. Koch, 65, is drawn to Munich because beer drinking is a way of life there, and the trips connect him with his family's German roots. Power breakfast: " The Charles Hotel has one of the top restaurants in Munich- and they serve breakfast.

  • BERLIN— Switzerland has signed an accord with Australia aimed at cracking down on tax evaders. Swiss Finance Ministry spokesman Mario Tuor said it's the first time Switzerland has pledged such an automatic information exchange, though negotiations are underway with the United States and the European Union over similar accords. Switzerland says Australia...

  • Apple iCar won’t scare us: Daimler’s Zetsche Tuesday, 3 Mar 2015 | 8:35 AM ET
    A Daimler AG Mercedes Benz M-Class vehicle moves along the production line at the company's international assembly plant in Vance, Alabama, May 28, 2014.

    Daimler has nothing to fear from an Apple car, the chair of the automaker said, but professed bemusement as to why it would want to enter the auto space.

  • BMW AG CEO Norbert Reithofer said Tuesday at the Geneva International Motor Show that his company cannot do without battery-powered vehicles such as its i3 urban compact. Only about 75,000 of the 12.5 million vehicles sold last year in Europe were electrics or hybrids. Still, auto companies have sunk billions into developing alternative propulsion...

  • BERLIN, March 3- The German government, flush with cash after last year posting of its first budget surplus since 1969, said on Tuesday that it will boost investment spending by some 5 billion euros over the next three years on top of 10 billion previously announced. Under pressure from its European Union partners and the United States to raise its public...

  • Swiss economy stronger than expected in 4th quarter Tuesday, 3 Mar 2015 | 4:21 AM ET

    BERLIN— Official data show that Switzerland's economy expanded by a stronger-than-expected 0.6 percent in the fourth quarter, the last before the country's central bank abandoned its effort to cap the Swiss franc's value against the euro. Switzerland's economy grew 2 percent in 2014 as a whole. UniCredit economist Martina von Terzi forecast a 0.7 percent...