Aurelius Equity Opportunities shares plunged for a second day after executive rebuttals of Tuesday’s allegations from short seller Gotham City Research failed to soothe wary investors, Bloomberg News reported. Aurelius tumbled a record 35 percent to 35 euros in Frankfurt trading. The plunge follows a 17 percent decline yesterday after Gotham published a 68-page report questioning the company’s accounting. The stock is worth no more than 8.50 euros, the short seller said yesterday.

Aurelius Equity Opportunities shares plunged for a second day after executive rebuttals of Tuesday’s allegations from short seller Gotham City Research failed to soothe wary investors, Bloomberg News reported. Aurelius tumbled a record 35 percent to 35 euros in Frankfurt trading. The plunge follows a 17 percent decline yesterday after Gotham published a 68-page report questioning the company’s accounting. The stock is worth no more than 8.50 euros, the short seller said yesterday.

Deutsche Bank AG has been offering attractive financing terms to help investors and other banks buy soured mortgages, a bid by the German lender to help fulfill terms of its recent $7.2 billion mortgage settlement with the U.S. government, according to people familiar with the matter, The Wall Street Journal reported. The reason: Deutsche can get credit toward the settlement if it helps others buy troubled loans and those parties then provide relief to the borrowers, the people said.

They don’t call it the Schatz for nothing. The term — market parlance for German two-year debt — means ‘darling’ in its native language. Little wonder, then, that this pocket of the eurozone government bond markets has become the centre of an intense love affair. Having fallen as low as minus 0.95 per cent in February, yields on the beloved debt now stand at a still eye-popping minus 0.84 per cent, the Financial Times reported. Buyers are clearly willing to wear a substantial nominal loss on this cherished asset.

The number of German companies filing for insolvency fell last year to the lowest level on record thanks to a prolonged upswing in Europe's biggest economy although the amount of creditor claims rose nearly 60 percent, data showed on Tuesday, Reuters reported. Just 21,518 companies registered for insolvency in 2016, down 7 percent in the seventh consecutive annual drop in numbers and the fewest since insolvency rules changed in 1999, the Federal Statistics Office said in a statement.

Volkswagen AG sought to draw a line under the diesel scandal that has locked it in crisis mode for more than a year, with sweeping restructuring efforts starting to take hold and profitability improving at the namesake car brand, Bloomberg News reported. While Chief Executive Officer Matthias Mueller acknowledged Tuesday that emissions lawsuits will continue to preoccupy the automaker for many years, he said the company is “back on track” and in a position to push ahead with tackling an “epochal shift” in the auto industry.

Swiss commodities trading group ECOM has agreed to buy the factory of German cocoa grinder Euromar Commodities GmbH which declared insolvency in December, Euromar's insolvency administrator said on Monday, Reuters reported. ECOM plans to resume production at Euromar's plant at Fehrbellin near Berlin, insolvency administrator Rolf Rattunde said in a statement. No one was available for comment at ECOM's Swiss head office. Rattunde said a sale contract for Euromar's factory, equipment and site has been signed with ECOM and approved by Euromar's interim committee of creditors.

For European leaders struggling to contain hostility to globalisation, few things can be as unwelcome as a cross-border takeover threatening mass lay-offs in a treasured industry, the Financial Times reported. When the industry in question is car making — so often a symbol of national pride or decline — the stakes are even higher. Yet despite the disquiet felt in Germany and the UK at PSA’s purchase of Opel, both countries need to accept the logic of consolidation in a sector where politicians have too often intervened to protect jobs at the expense of long-term competitiveness.

Deutsche Bank is planning to raise capital, list its asset management unit and realign its divisions as it seeks to reinvent itself after spending about two years dealing with past misdeeds and massive losses, Reuters reported. Germany's flagship lender plans an 8 billion euro ($8.50 billion) rights issue, due to be launched on March 20, it said on Sunday, as it seeks to repair its balance sheet in the wake of a 15 billion euro legal bill incurred since 2012.

The emergence of Martin Schulz as the centre-left Social Democrats’ candidate for chancellor has fundamentally altered the dynamics of German politics, the Financial Times reported. It is also changing the debate in Germany on inequality and the future of Europe in ways that will have a significant impact across the continent. Germany is regarded as an economic success story. Unemployment is at its lowest level since reunification in 1990; the trade surplus has reached a record high.