Germany

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Administrator Seeks Buyer for German Charter Airline Small Planet

Insolvent German charter carrier Small Planet Airlines hopes to attract a buyer following a debt restructuring, its administrator told Reuters on Wednesday, saying he saw good a chance of a deal, Reuters reported. Small Planet, which employs 400 staff an ...

Daily Headline - global.abi.org - 09/20/2018 - 00:05 - 0 comments

Deutsche to Shift More Assets and Ringfence UK Unit After Brexit

Deutsche Bank has scaled up plans to shift hundreds of billions of assets from London to Frankfurt after coming under increasing pressure from European regulators over the size and complexity of its UK operations after Brexit, the Financial Times rep ...

Daily Headline - global.abi.org - 09/17/2018 - 00:03 - 0 comments

Deutsche Bank Weighs Forming a Holding Company

Deutsche Bank AG is weighing a move to split its core businesses under a holding company, a measure that would make it easier to break up in a crisis and more agile in potential mergers, according to people with knowledge of the discussions, Bloomberg Ne ...

Daily Headline - global.abi.org - 09/13/2018 - 23:51 - 0 comments

Hudson's Bay Deal Brings German Department Stores Together

Two of the most storied names in German department stores are combining in a deal orchestrated by an Austrian real estate billionaire, highlighting the pressures facing traditional retailers amid the rise of Amazon.com Inc. Karstadt, controlled by Rene B ...

Daily Headline - global.abi.org - 09/12/2018 - 03:06 - 0 comments

Deutsche Bank Struggles with Rising Funding Costs

Deutsche Bank is set to lose as much as €200m in revenue a year unless chief executive Christian Sewing can reverse a recent surge in funding costs, the Financial Times reported. Executives have made reducing the cost of issuing debt a top priority a ...

Daily Headline - global.abi.org - 09/10/2018 - 23:30 - 0 comments

German Trade Surplus Shrinks to Four-Year Low

fell 0.9 per cent month-on-month. Imports meanwhile filled the gap, increasing by a much-larger than ...

Daily Headline - global.abi.org - 09/09/2018 - 20:23 - 0 comments

German Industrial Orders Unexpectedly Slip in July

released on Thursday, the Financial Times reported. New orders in manufacturing fell 0.9 per cent in ... the 1.8 per cent rise that was forecast by economists in a Reuters poll. The figure was also down 0 ... in manufacturing fell 0.9 per cent in July from June, according to the Federal St ...

Daily Headline - global.abi.org - 09/07/2018 - 01:03 - 0 comments

As Turkey Teeters, Germany Considers Offering a Financial Lifeline

The German government is considering providing emergency financial assistance to Turkey as concerns grow in Berlin that a full-blown economic crisis could destabilize the region, German and European officials said. While the talks are at an early stage a ...

Daily Headline - global.abi.org - 08/29/2018 - 00:38 - 0 comments

Deutsche Bank Confirms Bid to Buy Noble Bonds

Deutsche Bank said Saturday that it is acting on its own to buy bonds of Noble Group Ltd, days before a crucial shareholder vote on a $3.5 billion restructuring of the Singapore-listed commodity trader, The Wall Street Journal reported. The confirmat ...

Daily Headline - global.abi.org - 08/19/2018 - 22:29 - 0 comments

Ultralow Rates Hit Italians’ Incomes More Than Germans, Says ECB

Italian households suffered a much larger loss of income than their German counterparts due to the European Central Bank’s ultralow interest rates, according to an ECB report that appears to dispel some German concerns over the bank’s easy-money policies ...

Daily Headline - global.abi.org - 08/08/2018 - 23:16 - 0 comments

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