Tag Archive
Germany, Netherlands, Finland and Luxembourg not to be cut in S&P move, Les Echos says
Les Echos says Germany, the Netherlands, Finland and Luxembourg will not be cut in S&P move read full news Published: Sat, 14 Jan 2012… »
Germany, Not ECB, Must Buy Bonds
The markets pinning its hopes on the wrong European central bank. If the ECB would properly exercise a bond buying program of peripheral debt it would shorten the euro zones economic slowdown and restore confidence in Europes financial system. The market hoped ECB President Mario Draghi wou… read full news Published: Fri, 16 Dec 2011… »
Germany, France Split on EFSF Bond Purchases, Handelsblatt Says
Germany and France are at odds over whether the European Financial Stability Facility should have limits on government bond purchases, Handelsblatt reported, citing an unidentified high-ranking European Union diplomat. France doesnt want to restrict the EFSF on how much of its funds it can use … read full news Published: Fri, 07 Oct 2011… »
Germany, Italy resisting second IEA oil release
Germany and Italy are likely to oppose a second release of emergency oil reserves by the International Energy Agency (IEA), a French government source said on Friday. “Germany and Italy were not much in favour of the decision back in June,” the source said. “While the decision was unanimous not a… read full news Published:… »
Auf Wiedersehen Recession – US-FOREX.US
It seems like exceptionally good news. Germany, Europe’s biggest economy, has just confounded expectations and emerged from its recession, thanks to reporting a quarter-on-quarter growth rate of 0.3% for the second quarter, instead of the contraction of 0.2% that was expected. A margin of five basis points is quite a difference-but don’t get too excited…. »
Commerzbank Feels Germanys Pain – US-FOREX.US
It’s not easy being Commerzbank. Whereas other European heavyweights like Barclays, Societe Generale and BNP Paribas have reported strong second-quarter profits, boosted by a turnaround in investment banking, the German lender’s heavier dependence on retail banking resulted in a second-quarter 1 billion loss on Thursday. And with Europe’s biggest economy expected to shrink 6% this… »
Oppenheim Opens Its Doors – US-FOREX.US
German financier Salomon Oppenheim, Jr. would be turning in his grave. The private bank he founded 220 years ago, Sal. Oppenheim & Cie., has opened its books for the first time in more than a century to an outside investor-Germany’s Deutsche Bank. The “strategic partnership” being discussed could lead to Deutsche Bank taking a minority… »
Another Small Meal For Deutsche Bank – US-FOREX.US
Germany’s Deutsche Bank likes nibbling rather than swallowing. It announced on Wednesday a potential “strategic partnership” with venerable 220-year-old Luxembourg-based private bank Sal. Oppenheim, but sources close to the talks say Deutsche is only interested in taking a minority stake-”anything between zero to 49%.” Nor is this the first time: Six months ago, Deutsche Bank… »
No Joy For Deutsche Bank – US-FOREX.US
Once the straw that broke the camel’s back, investment banking has now been the saving grace of lenders like Banco Santander, Goldman Sachs and Credit Suisse, as it offset rising defaults amongst consumers and businesses. Not so for Deutsche Bank.Shares in the German bank tumbled 7% on Tuesday morning, as it set aside 1 billion… »
The Big German Export Gamble – US-FOREX.US
Forget Germany’s rather tepid climate for a moment and imagine that its economy is like a tropical island: When times are sunny, life is exceedingly good, and when hurricane season comes around, times are quite the opposite. Such is the case with the country’s heavy reliance on exports, with manufacturers like Daimler , BMW Siemens… »