Business News Berlin

  • Below are some facts about Germany's self-imposed balanced budget goal and the constitutionally enshrined debt brake. Chancellor Angela Merkel's government has managed to raise spending since 2014 without incurring new debt thanks to an unusually long growth cycle, record-high employment, buoyant tax revenues and the European Central Bank's loose...

  • *GDP contracts 0.1% q/q in Q2, as expected. BERLIN, Aug 14- Slumping exports sent Germany's economy into reverse in the second quarter, with prospects of an early recovery slim as its manufacturers struggle at the sharp end of a global slowdown amplified by tariff conflicts and fallout from Brexit. But Germany's traditionally export-reliant economy- Europe's...

  • FRANKFURT, Aug 14- German publisher Axel Springer said it was actively looking at potential takeovers, even as a buyout of its minority shareholders awaits completion, amid speculation that the digital classifieds sector will consolidate in Europe. CEO Mathias Doepfner's comments on Wednesday came after Scout24 said it would explore a sale or spin-off of...

  • BRUSSELS/ SAN FRANCISCO, Aug 13- Google's fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits. In a letter to be sent to European Union competition commissioner Margrethe...

  • *Italy/ Germany spread closer to key 240 bps level. LONDON, Aug 9- A selloff in Italian government bonds accelerated on Friday with yields on track for their biggest weekly rise this year as the government stood on the brink of collapse after League leader Matteo Salvini said his coalition with the 5- Star Movement was untenable and called for early elections.

  • German Chancellor Angela Merkel speaks at the 100-years anniversary celebration of prosthesis maker Ottobock SE in Duderstadt, Germany, February 18, 2019.

    Berlin is considering financing part of its climate protection program with new debt, Reuters reported on Thursday, as part of its policy to help Germany meet its reduction goals for greenhouse gas emissions.

  • *Italy/ Germany spread closer to key 240 bps level. The Italy/ Germany 10- year bond yield gap widened to a five-week high of 237 bps, coming closer to the 240 bps mark that some analysts view as a technical ceiling. The magnitude of the moves surprised some, however, with Christoph Rieger, rates strategist at Commerzbank, saying followers of political developments in...

  • A global growth slowdown accompanied by tariff disputes and uncertainty over Brexit has impacted growth across western Europe, but Germany's traditionally export-reliant economy- the continent's largest- has been particularly vulnerable. Reflecting the foreign/domestic split, Germany's trade surplus narrowed to 109.9 billion euros from 122.4...

  • BERLIN, Aug 9- Germany's trade surplus narrowed in the first half of the year as strong domestic demand led to imports growing faster than exports, adding to signs that Europe's largest economy is slowly reducing its dependence on foreign sales. The International Monetary Fund and the European Commission have urged Germany for years to do more to lift domestic...

  • *Finance Ministry may ditch no-new-debt policy- official. BERLIN, Aug 8- Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection programme with new debt, a senior government official said. Chancellor Angela Merkel's government has managed to raise public spending without incurring new debt...

  • *Finance Ministry may ditch no-new-debt policy- official. *Coalition to seal costly climate package on Sept. 20. BERLIN, Aug 8- Germany is considering ditching its long-cherished balanced budget policy to help finance a costly climate protection programme with new debt, a senior government official said.

  • BERLIN, Aug 8- Germany is mulling a fiscal policy U-turn and considering ditching its long cherished balanced budget goal by issuing new debt to finance a costly climate protection package, a senior government official told Reuters on condition of anonymity. "The challenge now is how to shape such a fundamental shift in fiscal policy without opening the flood...

  • *Airbus to place new A321 assembly line in Toulouse- sources. *Toulouse seen redeploying capacity built for the axed A380. PARIS/ MUNICH, Aug 6- Airbus is poised to open a new assembly line for the A321neo in Toulouse, France, easing a grip on production of the hot-selling jetliner enjoyed by workers in Germany and accelerating an industrial rethink caused by the...

  • *Iran says U.S. sanctions on top diplomat "childish". DUBAI, Aug 1- President Hassan Rouhani said on Thursday that Iran was ready for the worst in an uphill struggle to salvage its nuclear deal with world powers abandoned by the United States, but that he was sure Tehran would eventually prevail. "We are not acting on the assumption we will get results through talks and...

  • WASHINGTON, July 31- A U.S. Senate committee passed a bill on Wednesday to slap sanctions on companies and individuals involved in building the Nord Stream 2 gas pipeline from Russia to Germany that the Trump administration says would strengthen Moscow's economic grip on Europe. The bill, which reflects some lawmakers' concerns over Russian influence in...

  • July 31- Lawyer Of Former Audi AND PORSCHE EXECUTIVE WOLFGANG HATZ:.

  • BERLIN, July 31- Germany's Vice Chancellor and Finance Minister Olaf Scholz said on Wednesday he was very sceptical about a request by the United States to join a military mission for the Strait of Hormuz. The United States has proposed stepping up efforts to safeguard the sea passage in the Gulf, at a time of heightened tension between it and Iran.

  • BERLIN, July 31- Germany's Vice Chancellor and Finance Minister Olaf Scholz said on Wednesday he was very skeptical about a request by the United States to join a military mission for the Strait of Hormuz. The United States has proposed stepping up efforts to safeguard the sea passage in the Gulf, at a time of heightened tension between it and Iran.

  • *SPOKESMAN SAYS IT IS IN INTEREST OF EMPLOYEES, SHAREHOLDERS AND WHOLE COMPANY TO LEGALLY CLEAR UP COMPLETELY THE ISSUES THAT LED TO THE DIESEL CRISIS.

  • BELFAST, July 26- Ireland said on Friday that Prime Minister Boris Johnson's approach to Brexit was "very unhelpful" and that the new British leader appeared set on a collision course with the European Union that would preclude an orderly exit with a deal. Such biting criticism from Ireland, just two days since Johnson took office with a pledge to strike a new...