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German Finance Minister Upbeat Over Greek Bailout Review

German Finance Minister Wolfgang Schäuble said Monday he is confident Greece and its creditors will agree on an assessment of the country’s bailout program, although he cast doubt on whether an agreement could be reached this week, The Wall Street Jour ...

Daily Headline - global.abi.org - 04/25/2016 - 21:37 - 0 comments

Deutsche Bank To Bid For Nama Properties

Europe’s largest investment bank Deutsche Bank has emerged on the list of bidders this week for one of the National Asset Management Agency’s last big portfolio sales, the Irish Times reported. The Frankfurt-based bank joins a joint offer from Wall S ...

Daily Headline - global.abi.org - 04/24/2016 - 17:23 - 0 comments

Prosecutors Call For Family Behind Defunct German Retailer Schlecker To Face Trial

German prosecutors said on Thursday they would press criminal charges against the family behind drugstore chain Schlecker, which folded four years ago, Reuters reported. The chain's founder, 71-year-old Anton Schlecker, is accused of having siphoned ...

Daily Headline - global.abi.org - 04/14/2016 - 22:01 - 0 comments

Schultze & Braun Newsflash Distressed Transactions Germany 8 April 2016

Beware of financial risks regarding company pension schemes: Widow’s pensions survive even if excluded by late marriage clauses In a recent decision – court file no: 3 AZR 137/13 –, the German Federal Labour Court (Bundesarbeitsgericht) – Germany’s hig ...

Resource Article - twallace@abiwor... - 04/08/2016 - 16:19 - 0 comments - 0 attachments

German Economy, Once Europe’s Leader, Now Looks Like Laggard

China is cutting back on mining machinery as its economy slips. The United Arab Emirates and other Middle Eastern countries are no longer awash in oil money, putting luxury car brands at risk. Russia, still facing Western sanctions, cannot buy as much hi ...

Daily Headline - global.abi.org - 04/05/2016 - 21:12 - 0 comments

Energy Provider EON Losses Double To €7 Billion

EON, Germany’s largest utility, reported its biggest annual loss after writing down the value of its coal and gas-fired power plants by billions of euro. Its net loss more than doubled to €7 billion in 2015 from a year earlier, the company said. That was ...

Daily Headline - global.abi.org - 03/10/2016 - 00:24 - 0 comments

German Economic Figures Impress But Clouds Are Gathering

statistics office said, around 0.6 per cent of overall economic output. It was the second year Germany ...

Daily Headline - global.abi.org - 02/23/2016 - 23:19 - 0 comments

Deutsche Bank Default Insurance Costs Leap To New Highs

The cost of insuring Deutsche Bank debt against default leapt on Thursday, while costs for other European banks also climbed as their shares plunged to multi-year lows, Reuters reported. Credit default swaps (CDS), used to insure debt, now imply a 24.5 p ...

Daily Headline - global.abi.org - 02/11/2016 - 23:24 - 0 comments

Singulus Needs Support From Bondholders To Prevent Insolvency

Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency, PVTech reported. The company is ...

Daily Headline - global.abi.org - 02/10/2016 - 09:30 - 0 comments

Deutsche Bank Says It Has the Cash for Riskiest Debt Payouts

Deutsche Bank AG became the largest lender in at least four years to feel compelled to reassure investors and employees that it has enough cash to pay its debts, Bloomberg News reported. Germany’s biggest bank said in a statement Monday that it has more- ...

Daily Headline - global.abi.org - 02/08/2016 - 22:29 - 0 comments

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