Germany

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German TV Maker Metz Files For Insolvency

German television maker Metz has filed for insolvency, a spokesman for the company said on Wednesday, adding that about 600 jobs would be affected, Reuters reported. Joachim Exner, who co-managed the insolvency of German peer Loewe, has been appointed as ...

Daily Headline - global.abi.org - 11/19/2014 - 20:49 - 0 comments

German Distributor Enters Insolvency Process

German fish processor and distributor Hagenah has entered the preliminary stage of an insolvency process, after failing to recover from a fire at the end of 2012, undercurrent news reported. The company, which has 145 employees and is the largest of ...

Daily Headline - global.abi.org - 11/18/2014 - 20:59 - 0 comments

After Fall of Berlin Wall, German Reunification Came With a Big Price Tag

To reunite Germany, the West German government would set in motion the beginnings of a massive transfusion of financial and social subsidies and within a year make whole a country divided for some 40 years, The Wall Street Journal reported. It requir ...

Daily Headline - global.abi.org - 11/09/2014 - 20:11 - 0 comments

German Companies Tread Unfamiliar Territory With Job Cuts

German exports tumbled 5.8 per cent in August compared with July – the biggest drop since the peak of the global financial crisis in January 2009. The economy now risks slipping into recession in the third quarter, and the government has already lowered ...

Daily Headline - global.abi.org - 10/20/2014 - 20:15 - 0 comments

HSH Nordbank Braced For Impact Of ECB Assets Probe

The European Central Bank’s investigation of the eurozone’s largest lenders is raising further concerns over the future of German publicly owned Landesbank HSH Nordbank, as its bloated shipping portfolio comes under intense scrutiny, the Financial Time ...

Daily Headline - global.abi.org - 10/19/2014 - 21:29 - 0 comments

Lufthansa Pilots to Strike Monday

Pilots of German carrier Deutsche Lufthansa AG will go on strike again Monday and Tuesday in their continuing dispute over retirement benefits, The Wall Street Journal reported. The pilots union, Vereinigung Cockpit, said in a statement the strike wi ...

Daily Headline - global.abi.org - 10/19/2014 - 21:31 - 0 comments

German Sub Bonds Rocked By Threat Of Stress Test Failures

eeply subordinated debt issued by German Landesbanken lost as much as six points in the past week as investors factored in the possibility that debt issued by banks that fail Europe's coming stress tests will suffer painful haircuts, Reuters reporte ...

Daily Headline - global.abi.org - 10/13/2014 - 20:59 - 0 comments

Germany, France Ask Economists for Advice to Avoid ‘Lost Decade’

Germany and France have tapped a prominent economist from each country for policy advice to counter “the risk of a lost decade in Europe” in an attempt to bridge the growing divide between the two countries over how to revive flagging economic growth in ...

Daily Headline - global.abi.org - 10/13/2014 - 21:00 - 0 comments

Drop in Exports Adds Fuel to Worries Germany Is Falling Into Recession

A drop in German exports added to a string of ugly data for Europe’s biggest economy, suggesting Germany’s growth has faltered and the country might even be in a shallow recession, The Wall Street Journal reported. German exports in August fell 5.8% ...

Daily Headline - global.abi.org - 10/09/2014 - 21:39 - 0 comments

IVG Seeks 'Squaire' Sale After Emerging From Insolvency

German property company IVG Immobilien has started looking for a buyer for its office and hotel building The Squaire as it seeks to offload legacy assets after emerging from insolvency last month, its chief executive said. IVG became insolvent after bein ...

Daily Headline - global.abi.org - 10/02/2014 - 20:53 - 0 comments

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