Germany

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Karstadt Board Postpones Restructuring Meeting

The Karstadt supervisory board announced Tuesday that it had postponed a meeting scheduled for August 21, where executives would have discussed plans for the floundering department store chain's restructuring, Deutsche Welle reported. Chairman Steph ...

Daily Headline - global.abi.org - 08/19/2014 - 21:33 - 0 comments

German Insolvency Reforms - Two Years On

In 2012, after years of discussion, Germany introduced new insolvency reforms. Bringing in more control for both debtors and creditors during insolvency proceedings, the reforms helped to improve the legal framework of corporate restructuring in Germany, ...

Daily Headline - global.abi.org - 08/18/2014 - 21:06 - 0 comments

China Says Mercedes-Benz Violated Antitrust Rules in Pricing

Government investigators in China have found the Mercedes-Benz unit of Daimler, the German automaker, in violation of antitrust price rules, the Chinese state news media reported on Monday. The announcement was the latest in a spate of inquiries over pri ...

Daily Headline - global.abi.org - 08/18/2014 - 21:08 - 0 comments

Germany's Strauss Stores Get New Owner, Insolvency Plan Due In Q4

Germany's Strauss Innovation, a chain of small department stores, on Friday said it had found a new owner after having sought court protection from creditors earlier this year to rescue its business, Reuters reported. A creditor committee approved a ...

Daily Headline - global.abi.org - 08/17/2014 - 20:13 - 0 comments

Ukraine Crisis Takes Toll on Germany’s Economy, Powerhouse of the Eurozone

reported. Economists are expecting that in the 18-nation currency bloc, gross domestic product expanded 0 ... 0.4 percent. The eurozone eked out quarterly growth of 0.2 percent in the first three months of the ...

Daily Headline - global.abi.org - 08/12/2014 - 23:16 - 0 comments

OECD Indicators Point to Slowdown in Germany

Economic growth is likely to remain weak in Germany over coming months, according to leading indicators released today by the Organization for Economic Cooperation and Development, the Wall Street Journal reported. The Paris-based research body' ...

Daily Headline - abi_admin - 08/11/2014 - 12:38 - 0 comments

Solarstom Sells Last German Projects

Insolvent project developer Solarstrom has sold the last three projects in its German portfolio with a total capacity of 5MW, PV-Tech.com reported today. The company also confirmed that it is in talks with investors from Asia, Europe and North America ab ...

Daily Headline - abi_admin - 08/06/2014 - 13:30 - 0 comments

German Borrowing Costs Reach Record Low

Germany’s borrowing costs have fallen to their lowest level on record as Europe’s weak economic recovery persuades the region’s central bank to keep interest rates vanishingly low, the Financial Times reported. The yield on Germany’s 10-year Bunds dr ...

Daily Headline - global.abi.org - 07/29/2014 - 22:32 - 0 comments

Germany’s Zweibrücken Airport Declares Insolvency

Germany’s Zweibrücken Airport has announced insolvency, but will continue operations because agreements have been reached with airlines, clients and suppliers, according to several media reports, Air Transport World reported. Insolvency administrator ...

Daily Headline - global.abi.org - 07/29/2014 - 22:32 - 0 comments

German Group Sues to Block European Banking Union

A group of euro-skeptics that has opposed Germany’s participation in the currency said on Monday that it had filed a lawsuit to block a plan at the heart of efforts to prevent banking crises in Europe, the International New York Times reported. But t ...

Daily Headline - global.abi.org - 07/28/2014 - 20:25 - 0 comments

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