CashNews.co Post-pandemic labour hoarding and strong employee-protection rules are masking worrying changes in Germany’s market for high-paying manufacturing jobs. After hitting an all-time low of 4.9 per cent in the spring of 2019, the jobless rate in the Eurozone’s largest economy has risen to 6 per cent, according to figures from the Federal Labour Office. […]
CashNews.co By Maria Martinez BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, continued to gather pace in August, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing fell to 42.4 in August from 43.2 in July, above a […]
CashNews.co By Maria Martinez BERLIN (Reuters) -Germany’s economy is likely to stagnate this year, the country’s Ifo institute said on Thursday, abandoning its previous forecast of 0.4% growth. “The German economy is stuck and is bobbing around in the doldrums, while other countries are feeling the upswing,” said Ifo head of economic research Timo Wollmershaeuser. […]
CashNews.co Commerzbank has emerged from financial distress, prompting the state to sell down its €2.5 billion stake. ADVERTISEMENT The German state is planning to lower its stake in Commerzbank, a lender it rescued during the global financial crisis. It currently holds a 16.5% stake worth around €2.5 billion. Details of the sale are not yet […]
CashNews.co Germany’s economy has watched some of its largest companies vote with their feet and dollars since its manufacturing industry entered recession more than two years ago. Now, Volkswagen and Intel are poised to add more pain to the country’s coffers in what looks increasingly like a doom loop for the embattled country. Volkswagen, the […]
CashNews.co TODENDORF, Germany (Reuters) – Germany will not slacken in its military support for Ukraine, Chancellor Olaf Scholz said on Wednesday, trying to dispel fears Berlin might disappoint Kyiv amid a domestic budget squeeze and media reports of a freeze on new German military aid. “Germany’s support for Ukraine will not cease. We have made […]
CashNews.co Germany’s economy shrank last quarter, one of its biggest trading partners is ailing and the government is deeply unpopular. And yet the country’s benchmark stock index just made a record high. That disconnect has investors wondering whether the DAX Index can add to this year’s 13% gains, given that measures of investor and business confidence point to further sluggishness ahead for the […]
CashNews.co FRANKFURT, Sept 4 (Bernama-dpa) — The German government is preparing to reduce its 16.5 per cent stake in Commerzbank, a government agency announced on Tuesday, reported German news agency dpa. This move marks a step towards the state’s exit from the lender, following its acquisition of a significant stake during the global financial crisis. The […]
CashNews.co (Bloomberg) — The German government plans to cut its stake in Commerzbank AG as it seizes on a recent share rally to initiate an exit from the lender it rescued over a decade ago. Most Read from Bloomberg The country’s finance agency, which manages the stake of about 16.5%, announced the move after market […]
CashNews.co GERMAN FINANCE AGENCY: GERMANY PLANS TO CUT STAKE IN COMMERZBANK XM does not provide services to residents of the United States of America. XM does not provide services to residents of the United States of America. Home Trading Trading At XM we offer Ultra Low Micro and Ultra Low Standard Accounts that can […]