February 4, 2012

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China doesn't want to 'buy Europe'

As German Chancellor Angela Merkel wrapped up her visit to China on Friday, the Asian giant’s leaders promised they had no intention to "buy Europe," amid concerns over growing Chinese investment in debt-stricken eurozone economies. READ »

Public transport fare dodging an 'epidemic'

An alliance of public transportation providers in Germany has called fare dodging a national epidemic and is demanding higher fines up to €120 for repeat offenders. READ »

Deutsche Bank profits fall as debt crisis bites

Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. READ »

Euro crisis, earthquakes slam Munich Re profits

Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. READ »

Will Bionade fizz go flat after Dr Oetker takeover?

Trendy German soft drink maker Bionade could lose its cult cachet after being bought out by un-hip food giant Dr Oetker, a firm best known for cake mixes and frozen pizzas. READ (1 COMMENT) »

EU blocks Deutsche Börse merger with NYSE

Deutsche Börse, which runs the Frankfurt stock market, said Wednesday that the EU Commission in Brussels had told it that its planned merger with NYSE Euronext has been blocked. READ »

ThyssenKrupp sells stainless steel business

German industrial giant ThyssenKrupp said Tuesday it has agreed to sell its stainless steel unit Inoxum to Finnish group Outokumpu in a deal which valued the business at €2.7 billion ($3.6 billion). READ (1 COMMENT) »

Robust economy leaves long-term jobless behind

Long-term unemployed people are still having difficulty finding a job despite Germany’s robust economy in recent years, according to a media report on Tuesday. READ (2 COMMENTS) »

China's Sany to buy Putzmeister

Putzmeister, a German family-owned engineering firm, is to being taken over by Chinese construction equipment giant Sany Heavy Industry, the German company said on Monday. READ (7 COMMENTS) »

German firms expect robust exports in 2012

Germany, the world's number two exporter, expects healthy growth in foreign demand for its goods this year thanks to booming emerging markets and a nascent US recovery, according to a report on Monday. READ (1 COMMENT) »

Berlin: EU should manage Greek budget

Germany wants the EU to take control of the Greek budget as the eurozone loses patience with Greece's reform efforts, officials said on Saturday as Athens categorically dismissed the idea. READ (39 COMMENTS) »

Germans spend €150 million on hold

Germans spent more than 600 million minutes waiting on premium phone calls – and paid €150 million doing so, new figures showed on Saturday. Politicians have failed to hang up on expensive numbers despite discussing a ban. READ (5 COMMENTS) »

Deutsche Bank boss sees Greece debt deal

The head of Germany's top bank, Deutsche Bank, said Friday he was confident a solution could be found to Greece's woes amid reports of progress in talks between Athens and banks on a debt writedown. READ (5 COMMENTS) »

• 27/01 Germany rakes in record tax income (4 comments) »
• 26/01 Hope dwindles for NYSE- Deutsche Börse merger »
• 26/01 Soros damns German handling of euro crisis (23 comments) »
• 25/01 Deutsche Post rejects EU demand to repay €1 bln (3 comments) »
• 25/01 Business confidence gets early 2012 boost »
• 24/01 Bosch makes billion-dollar US acquisition (3 comments) »
• 24/01 Siemens suffers profit collapse (4 comments) »
• 23/01 German takes over Blackberry makers (4 comments) »
• 23/01 Minister: Markets trust eurozone again (5 comments) »
• 22/01 VW eyes 2012 merger with Porsche (1 comment) »

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