Allianz makes $1.5 billion in Q4 Syracuse | (AP) - FRANKFURT - German insurer Allianz SE made ?1.1 billion ($1.5 billion) in the fourth quarter, bouncing back from a loss of more than ?3 billion a year ago thanks in part to improvements in capital markets. | Revenue was 11 percent higher to ?26 billion from ?23 billion in the fourth quarter...
Euro lower at $1.3488 in European morning trade Syracuse | (AP) - FRANKFURT - The euro is at its lowest level since May 2009, as worries that Greece's government debt may be downgraded overshadowed Federal Reserve Chairman Ben Bernanke's reaffirmation that interest rates will stay low. | Keeping rates low can weigh on the dollar as investors seek higher r...
ECB's Weber says rescue fund idea counterproductive The Guardian * Weber criticises European rescue fund idea * German economy should see strong growth for rest of year * Sliding scale for ECB collateral rules worth exploring (Adds detail, quotes, background) By Krista Hughes FRANKFURT, March 9 (Reuters) - A Europ...
Berlin's ITB travel fair told too soon to celebrate The Guardian FRANKFURT, March 9 (Reuters) - German travel industry group DRV told the world's largest travel fair ITB that while holiday bookings were improving it was still too early to start celebrating. "A difficult year is behind us, we have passed the trough...
BMW global February sales up 14 pct to 91,758 cars Newsvine | FRANKFURT — German carmaker BMW AG says its global February group sales increased 14 percent from a year earlier to 91,758 cars for the month. | The Munich-based company said Tuesday it delivered 78,248 cars of the BMW brand, up 13 percent. T...
BMW global February sales up 14 pct to 91,758 cars Philadelphia Daily News | The Associated Press | FRANKFURT - German carmaker BMW AG says its global February group sales increased 14 percent from a year earlier to 91,758 cars for the month. | The Munich-based company said Tuesday it delivered 78,248 cars of the BMW brand,...
Creative Commons / Andrei Dimofte
Lufthansa reports 2009 net loss of $152 million Seattle Times FRANKFURT - | German airline group Deutsche Lufthansa AG said Tuesday it lost euro112 million ($152 million) in 2009 as the industry struggled with low demand and weaker premium tr...
Europe Union Moves Toward a Bailout of Greece The New York Times | BRUSSELS - In a tense game of brinksmanship, the European Union is moving toward the first bailout in the history of its common currency, which is expected to involve loan guaran...
German carmaker Audi 2009 net income down 39 percent to $1.8 billion Hartford Courant FRANKFURT (AP) — AG saw 2009 net income fall 39 percent to euro1.35 billion ($1.8 billion) as the economic downturn cut demand for its cars, the German automaker said Tuesday. | Audi, based in Ingolstadt, earned euro2.2 billion in 2008. The com...
German carmaker BMW global February group sales up 14 percent to 91,758 cars Hartford Courant FRANKFURT (AP) — German carmaker says its global February group sales increased 14 percent from a year earlier to 91,758 cars for the month. | The Munich-based company said Tuesday it delivered 78,248 cars of the brand, up 13 percent. The brand...
Deutsche Post 2010 outlook misses estimates The Guardian * Sees 1.6-1.9 bln eur 2010 underlying EBIT; poll 2.1 bln * 2009 underlying EBIT 1.47 bln eur vs poll avg 1.475 bln * Proposes '09 div 0.60 eur/shr vs poll avg 0.61 eur/shr * Says strategy to focus on maintaining credit ratings * Shares fall 1.6 perc...
Greece Begins Bond Sale as It Waits for E.U. Support The New York Times | Having won support from the European Union for its new austerity budget, Greece went back to the markets Thursday with what looked to be a successful bond offering, gaining a much-needed confidence boost for the embattled government and the countries that share the euro. | On the streets of Athens, however, protests continued, with demonstrators ...
