• D. Post New CEO Pledges to Focus on U.S., Postbank Monday, 18 Feb 2008 | 1:52 PM ET

    Deutsche Post logistics and international mail head Frank Appel took over as chief executive and pledged to focus on its loss-making U.S. business and retail bank Deutsche Postbank.

  • Uncertainty Lingers over IKB Rescue, Shares Slump Monday, 18 Feb 2008 | 12:23 PM ET

    Investors in subprime-stricken lender IKB took a further blow on Monday as details of government plans to rescue and sell the bank stoked uncertainty and wiped a further quarter off the shares.

  • Tax Scandal in Germany Fans Complaints of Inequity Monday, 18 Feb 2008 | 6:41 AM ET

    For wealthy Germans, many of whom have long hidden their money outside the country to avoid its high taxes, this has been a weekend of high anxiety. For their fellow citizens, it has been a riveting spectacle, dominating the public discussion for days.

  • German Banks May Write Down More: Deutsche Bank Monday, 18 Feb 2008 | 4:52 AM ET

    German banks may face further write-downs given the difficult market situation, Deutsche Bank Chief Executive Josef Ackermann told Germany's Bild newspaper in an interview published on Monday.

  • Germany Quakes as Tax Dodge Probe Widens Friday, 15 Feb 2008 | 12:31 PM ET

    Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company said on Friday as a tax-dodging probe threatened to ensnare more rich Germans.

  • Deutsche Post Head to Quit after Tax Probe Friday, 15 Feb 2008 | 10:17 AM ET

    Klaus Zumwinkel will resign as chief executive of German mail and logistics group Deutsche Post, the company said on Friday as a tax-dodging probe threatened to ensnare more rich Germans.

  • Deutsche Post Suffers 'Moral Damage' by Zumwinkel Friday, 15 Feb 2008 | 5:57 AM ET

    German Finance Minister Peer Steinbrueck said on Friday that prosecutors'  investigations into suspected tax dodging by Deutsche Post AG chief executive Klaus Zumwinkel were damaging to public confidence.

  • Daimler's Profit Misses, Forecasts Higher Growth Thursday, 14 Feb 2008 | 12:44 PM ET

    Daimler forecast higher unit sales and underlying operating profit in 2008, sending its shares higher despite fourth-quarter earnings before interest and tax (EBIT) that missed market expectations.

  • German and French Economic Growth More than Halve Thursday, 14 Feb 2008 | 4:26 AM ET

    German and French economic growth more than halved in the fourth quarter indicating about 0.3 percent growth for the euro-zone.

  • Investors Punish ThyssenKrupp for Results Confusion Wednesday, 13 Feb 2008 | 2:23 PM ET

    German industrial group ThyssenKrupp on Wednesday posted a first-quarter pretax profit drop in line with its preliminary guidance but investors punished the company for confusion over its results.

  • Germany Agrees to Rescue Package for IKB Wednesday, 13 Feb 2008 | 2:17 PM ET

    Germany agreed to a 1.5 billion euro rescue package for IKB on Wednesday, the third bailout for the subprime-stricken German lender, saying a collapse of the bank would have "incalculable" consequences.

  • ECB Holds Rate, Trichet Warns on Inflation, Growth Thursday, 7 Feb 2008 | 12:05 PM ET

    The European Central Bank kept its main rate on hold at 4 percent as expected on Thursday, despite mounting pressure for an easing in monetary policy to help avert a global recession.

  • Snip! Snip! - or: Achtung! Wild Deutschland! Thursday, 31 Jan 2008 | 9:36 AM ET

    Here in Deutschland, we're smack in the middle of what's fondly called The Fifth Season, the silly season or simply KARNEVAL – you know, similar to what you have left with Mardi Gras in New Orleans.

  • German Retail Sales, Unemployment Fall Thursday, 31 Jan 2008 | 5:27 AM ET

    German retail sales fell 1.8 percent in the fourth quarter of 2007, indicating household spending was a drag on overall economic growth, data showed on Thursday.

  • German corporate sentiment unexpectedly rose in January, a leading survey showed on Thursday, bolstering policymakers' assertions that the euro zone economy can withstand turmoil in financial markets.

  • Euro Zone Better off than the US: ECB's Liebscher Thursday, 24 Jan 2008 | 3:27 AM ET

    Euro zone growth could come in below 2 percent this year, European Central Bank Governing Council member Klaus Liebscher was quoted as saying on Thursday, but the region is better off than the United States.

  • Euro Zone Services Growth Points to Weakness Wednesday, 23 Jan 2008 | 4:44 AM ET

    Euro zone services growth slumped significantly below forecasts to a rate not seen in over four years this month, but manufacturing growth remained unchanged from December, a key survey showed on Wednesday.

  • Commerzbank Expects More Subprime Writedowns Monday, 21 Jan 2008 | 8:42 AM ET

    The shrinking value of subprime mortgage investments will eat further into Commerzbank's 2007 profits, its designated chief executive said while admitting that management had blundered.

  • Commerzbank Expects More Subprime Writedowns Monday, 21 Jan 2008 | 5:32 AM ET

    Commerzbank will have to make further writedowns on the value of its subprime-linked investments, its designated chief executive told Reuters in an interview.

  • German Subprime Casualty IKB Goes Up for Sale Friday, 18 Jan 2008 | 5:01 AM ET

    IKB, the German bank that shot to fame over its near-collapse under the weight of subprime investments, is up for sale, its biggest shareholder said on Friday.