German
German economy in recession with no more growth seen in 2024
GERMANY is suffering a mild recession and output across the whole of 2024 will be flat, according to a Bloomberg survey – underscoring the malaise in Europe’s largest economy.Analysts...
ExxonMobil in talks to close share sale in key German refinery
EXXONMOBIL has been in advanced talks with other shareholders to pave the way for its sale of a stake in Germany’s second-biggest refinery, which was halted after a court...
Commerzbank would lose clients in UniCredit merger, German lender’s CEO says
COMMERZBANK and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer...
Volkswagen squares off with union over German plant closures
VOLKSWAGEN and unions start negotiations over wide-ranging cost cuts on Wednesday (Sep 25), with tensions between both sides higher than they have been in years.The talks centre on the...
German 10-year yield rises above two-year debt for first time since 2022
YIELDS on Germany’s 10-year bond rose above those of its two-year debt on Monday (Sep 23), as soft business activity data drove expectations of more rate cuts by the...
BNP Paribas to buy German private banking unit from HSBC
HSBC has been exploring the sale of various businesses in Europe’s largest economyBNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations...
BNP Paribas to buy German private banking unit from HSBC
HSBC has been exploring the sale of various businesses in Europe’s largest economyBNP Paribas has signed an agreement with HSBC Holdings to buy the UK-based lender’s private banking operations...
Commerzbank warns UniCredit merger is threat to German businesses, FT reports
COMMERZBANK’S management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of...
