Financial Insights That Matter Germany Sells Off Final Bitcoin Reserves From Initial $3B Worth of Holdings The German government completed the sale of its remaining Bitcoin holdings on July 12. The final transaction involved 3,846 Bitcoin, valued at around $62,604 per Bitcoin, which were sent to “Flow Traders and 139Po,” entities likely to institutional deposit/OTC […]
Financial Insights That Matter A passer-by walks in front of a branch of the fashion group Esprit. The global fashion retailer Esprit plans to close all of its 56 shops in Germany by the end of the year. Sebastian Kahnert/dpa The global fashion retailer Esprit plans to close all of its 56 shops in Germany […]
Financial Insights That Matter Friedrichshafen For a symbol of the depth of the malaise at the heart of Germany’s once-mighty economy, look no further than the announcement of enormous job cuts by one of the world’s largest suppliers of car parts. ZF Friedrichshafen is shedding as many as 14,000 jobs in Germany out of a […]
Financial Insights That Matter By Victoria Waldersee FRANKFURT (Reuters) -Nearly 900 Chinese auto suppliers and a handful of electric vehicle makers are taking part in a trade fair in Frankfurt as the country’s car sector defies looming trading barriers to expand its global presence and counter sinking profits at home. Chinese carmakers including BYD, Geely, […]
Financial Insights That Matter As global markets face volatility, with the S&P 500 experiencing its worst weekly drop in 18 months and European indices like Germany’s DAX declining by over 3%, investors are increasingly turning their attention to smaller, more resilient opportunities. Amid this backdrop, discovering undervalued small-cap stocks in Germany could offer a compelling […]
Financial Insights That Matter By Tom Sims FRANKFURT (Reuters) -Commerzbank will hold a first round of talks with UniCredit on Friday as the Italian lender presses for a possible tie-up. Commerzbank has, like some other banks, had a rocky history with big mergers and acquisitions over the years. These are some of the key moments: […]
Financial Insights That Matter Excavators stand side by side at the edge of a field. The chip company Intel is putting the construction of a factory in Magdeburg on hold. The project will probably be delayed by two years, announced company boss Gelsinger. Intel is struggling with losses and has initiated a cost-cutting program. Klaus-Dietmar […]
Financial Insights That Matter Germany and China are actively working to convince European Union members to oppose electric vehicle tariffs during a vote next week, senior EU sources say. Berlin has been phoning other capitals in a late bid to get them to oppose the duties during a vote planned for September 25. The development […]
Financial Insights That Matter The German economy is “stuck in stagnation” as months of bad news create seemingly endless negative sentiment that is compounding major structural issues, a top European bank has warned. ING’s head of global macro research painted a bleak picture of the struggling German economy after a major leading indicator of activity […]
Financial Insights That Matter A woman holds money in her hand over of a full shopping basket of groceries. Inflation in Germany fell in September to an annual rate of 1.6%, the second month in a row that inflation has been below the 2% threshold, according to preliminary figures released by Germany’s Federal Statistical Office […]