Germany

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German Oilseed Mill Naturoel Anklam Files For Insolvency

German oilseed crushing mill Naturoel Anklam has filed for insolvency at a local court, said its parent, German farm company KTG Agrar which is itself insolvent, Reuters reported. Naturoel Anklam, based in Anklam in east Germany, processes about 100,000 ...

Daily Headline - global.abi.org - 08/18/2016 - 22:35 - 0 comments

German Bad Bank Speeds Up Wind-Down Of Dublin's Depfa

A German state bad bank has accelerated the wind-up of Dublin-based lender Depfa Bank, after buying back €5.6 billion of its bonds from the market so far this year, the Irish Times reported. The move by bad bank FMS Wertmanagement to mop up Depfa Ban ...

Daily Headline - global.abi.org - 08/02/2016 - 23:25 - 0 comments

Macquarie Hired For Sale Of Insolvent German Online Travel Group Unister

The administrator of insolvent German online travel group Unister has hired Macquarie to find a buyer for the company operating popular sites such as flight booking platform fluege.de and package travel site ab-in-den-urlaub.de. "We see enormous dem ...

Daily Headline - global.abi.org - 07/26/2016 - 23:10 - 0 comments

Brexit Is Merely One More Worry For Germany’s Leading Lender

The biggest bank in Europe’s most robust economy may seem an unlikely victim of Brexit. Yet in the fortnight after Britons voted to quit the European Union Deutsche Bank’s share price tumbled by 27%—putting Germany’s biggest lender in the unexalted compa ...

Daily Headline - global.abi.org - 07/14/2016 - 22:35 - 0 comments

Germany Sells Bonds With Negative Yield at Auction

When it comes to bond yields in Europe, it seems there is no such thing as too low. Germany on Wednesday became the first country in the eurozone to sell 10-year debt with a negative yield at an auction, effectively ensuring that investors lose money ove ...

Daily Headline - global.abi.org - 07/13/2016 - 23:00 - 0 comments

German Industry Output Weakens As Economy Loses Steam

German industrial output plunged unexpectedly in May, posting its steepest monthly drop since August 2014. The latest data suggests Europe’s largest economy lost steam in the second quarter after its surprisingly strong start to the year. The weak output ...

Daily Headline - global.abi.org - 07/07/2016 - 23:01 - 0 comments

Dividend Tax Scandal: How Banks Short-Changed Germany

German banks exploited a legal loophole that allowed two parties to claim ownership of the same shares, the financial watchdog will tell lawmakers this week, in schemes that could have cost the state billions of euros in tax over many years. This double ...

Daily Headline - global.abi.org - 06/22/2016 - 19:58 - 0 comments

German Court Rejects Legal Challenge to ECB’s Bond-Buying Program

Germany’s top court ruled Tuesday that an unlimited bond-buying program created by the European Central Bank at the height of Europe’s debt crisis complies with German law, ending a yearslong legal challenge to a program credited with easing fears of a b ...

Daily Headline - global.abi.org - 06/21/2016 - 20:16 - 0 comments

European Central Bank Faces Renewed Pressure In Germany

The European Central Bank has come under renewed pressure in Germany, after a group of academics and business people filed a complaint at the country’s highest court over the monetary policymakers’ mass bond-buying programme, the Financial Times repo ...

Daily Headline - global.abi.org - 05/16/2016 - 21:17 - 0 comments

International Monetary Fund Faces Pressure From Germany Over Greece

In Europe’s battle with the International Monetary Fund over Greece, Germany has a way to win, The Wall Street Journal reported. Germany, Europe’s dominant economic power, is leaning heavily on the IMF to accept hypothetical assurances that Greece’s ...

Daily Headline - global.abi.org - 05/12/2016 - 20:08 - 0 comments

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