Germany

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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 - 22:29 - 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 - 22:31 - 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 - 21:59 - 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 - 22:00 - 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 - 22:39 - 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 - 21:53 - 0 comments

British And German Factories See Sharp Slowdown In Manufacturing

Factories in Britain and Germany suffered a sharp slowdown in September, raising fears that economic recovery is losing momentum against a backdrop of global political turmoil and the flagging eurozone economy, The Guardian reported. In the UK growth ...

Daily Headline - global.abi.org - 10/01/2014 - 20:57 - 0 comments

Charges Filed Against Former Hypo Real Estate Managers

German prosecutors said Monday that they had filed criminal charges against the former chief executive and the former management board of Hypo Real Estate, accusing them of misleading investors in 2008 during what proved to be the country’s most costly b ...

Daily Headline - global.abi.org - 09/29/2014 - 21:14 - 0 comments

Infineon Reaches Partial Settlement With Qimonda

Infineon Technologies AG and its former memory chip unit Qimonda AG on Wednesday reached a partial out- of-court settlement over an insolvency dispute, The Wall Street Journal reported. Under the agreement, German semiconductor company Infineon will ...

Daily Headline - global.abi.org - 09/24/2014 - 21:10 - 0 comments

Rocket’s Netzoptiker Files For Insolvency

Netzoptiker, the Limburg-based mail order glasses company backed by Rocket Internet and Omnes Capital, has filed for insolvency with the German Handelsregister. A filing at Handelsregister, Germany's version of Companies House, states that a provisi ...

Daily Headline - global.abi.org - 09/23/2014 - 21:17 - 0 comments

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