CashNews.co By John O’Donnell, Christian Kraemer and Tom Sims FRANKFURT (Reuters) -UniCredit executives had conversations with top German government officials, including from the chancellery and the finance ministry, in the months before buying part of the state’s stake in Commerzbank, according to a parliamentary document reviewed by Reuters. The details of the meetings are presented […]
CashNews.co BERLIN (Reuters) -New EU rules further restrict Germany’s fiscal space for its budgets, and more consolidation will be needed in the coming years to comply with European regulations, two finance ministry sources said on Wednesday. Germany received an adjustment path for the next four years from the European Commission in June, which served as […]
CashNews.co FRANKFURT (Reuters) – UniCredit executives had conversations with top German government officials, including from the chancellery and the finance ministry, in the months before buying part of the state’s stake in Commerzbank, according to parliamentary documents seen by Reuters. The details of the meetings are given in a government answer to Matthias Hauer, a […]
CashNews.co By Maria Martinez BERLIN (Reuters) – German investor morale improved more than expected in October, the ZEW economic research institute said on Tuesday, reporting a rise in its economic sentiment index to 13.1 points from 3.6 points in September. Analysts polled by Reuters had pointed to a reading of 10.0. The contributing factors for […]
CashNews.co As the German economy faces a projected contraction in 2024, with factory orders experiencing a significant decline, investors are closely monitoring sectors that could offer resilience and growth potential. In this context, growth companies with high insider ownership can be particularly appealing as they often indicate strong alignment between management and shareholder interests. Top […]
CashNews.co By Giulia Segreti ROME (Reuters) – Italy’s Leonardo and Germany’s Rheinmetall have finalised a joint venture for the development and manufacturing of military combat vehicles, in what is seen as the first step in the consolidation of the European sector. “We are creating a new heavyweight in European tank production. Two leading European suppliers […]
CashNews.co German companies are finding it increasingly difficult to obtain funding, according the Munich-based think-tank, the IFO Institute. The group’s Credit Constraint Indicator, which measures firms’ access to bank loans, was reported to be at its highest level in seven years on Monday. More specifically, 32.9% of around 2,000 surveyed businesses reported restrictive behaviour on […]
CashNews.co Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Germany narrowly avoided a plane crash earlier this year after a parcel destined for an aircraft’s hold burst into flames before the flight in a suspected act of sabotage, one of the country’s spy […]
CashNews.co (Bloomberg) — A potential takeover by UniCredit SpA of rival Commerzbank AG would likely get regulatory approval, several senior central bank and supervision officials indicated, saying there are few reasons why a deal should raise concerns. The European Central Bank would probably give a green light to an offer from UniCredit, the officials from […]
CashNews.co BERLIN (Reuters) -Germany is considering whether it should tighten the reporting requirements for investors who are building up stakes in the nation’s companies, the finance ministry said on Monday. The move comes after Italy’s UniCredit recently acquired a hefty stake in Germany’s Commerzbank that took the government by surprise. Germany is examining whether it […]