Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.» Read More
*Nomura cuts Metro AG price target to 24 euros from 28 euros; rating. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.
VOLKSWAGEN Indicated 0.7 percent lower. Separately, Volkswagen could start selling its Golf 7 plug-in hybrid car from 2014, a year earlier than previously planned, German magazine WirtschaftsWoche reported, citing no sources.
FRANKFURT, Oct 7- Billionaire investor Nicolas Berggruen said a merger of his retail chain Karstadt and Metro's. Metro, the world's No.4 retailer, in January suspended the sale of its Kaufhof department stores, valued at 2- 3 billion euros, saying potential buyers were struggling to raise funds.
BERLIN-- German-based retail group Metro AG has issued a profit warning, blaming the impact on consumer confidence of a recent rise in European unemployment and governments' redoubled efforts to cut budget deficits.
A series of recent investor meetings with Fitch's EMEA Food Retail team in London, Frankfurt, and Paris underlined that investors are concerned to what extent ratings are at risk due to increased business and credit risks for European food retail companies.