Latest Breaking Frankfurt News and Current Events
Lower demand forces auto cos to cut output
Frankfurt :: Germany | 1 day ago | Business News
Source: Asian Age
The beleaguered auto industry is cutting down production in line with demand. The auto companies across the world have been facing a slowdown and India has been impacted in the last couple of months. According to a research analyst, "In...
2 news stories / 0 blog posts / 11 images / 10 videos / 0 voices
BASF 3Q profit down, but sales rise
Frankfurt :: Germany | about 1 month ago | Business News
Source: Taiwan News
SE said Thursday that its net profit for the third quarter fell 38 percent in part due to currency effects and hurricanes, and warned that the global financial crisis raised uncertainty over its full-year forecasts. July through September period fell...
20 news stories / 9 blog posts / 3 images / 28 videos / 0 voices
Volkswagen shares soar as Porsche hikes stake
Frankfurt :: Germany | about 1 month ago | Business News
Source: International Business Times
Volkswagen shares spiked as high as 1,005 euros ($1,256) in Frankfurt trading, nearly double Monday's closing figure of 520 euros ($650.93). They later settled back to 621.34 euros ($777.79)--a more modest gain of 19.5 percent. Porsche Automobil Holding SE was...
18 news stories / 18 blog posts / 30 images / 30 videos / 0 voices
Global slowdown hits BMW profits
Frankfurt :: Germany | about 1 month ago | Business News
Source: BBC
The woes facing the world's biggest premium brand automaker followed the worst month in 25 years for the industry in the United States, BMW's largest market, including big setbacks for US giants General Motors and Ford. Automakers are doing what...
17 news stories / 8 blog posts / 15 images / 17 videos / 0 voices
ECB set to cut eurozone lending rates
Frankfurt :: Germany | 29 days ago | Business News
Source: AFP
The European Central Bank was expected to cut its main lending rate sharply on Thursday to boost weak eurozone economic activity. ECB governing council members are widely expected to reduce the standard interest rate by a half percentage point to...
15 news stories / 12 blog posts / 30 images / 22 videos / 0 voices
Volvo cuts outlook as earnings fall unexpectedly
Frankfurt :: Germany | about 1 month ago | Business News
Source: The Irish Times
Pretax earnings fell to 2.90 billion Swedish crowns (€296 million) from 4.57 billion a year earlier to come in short of the mean forecast of 4.64 billion seen in a Reuters poll of analysts as well as the lowest estimate...
12 news stories / 8 blog posts / 29 images / 14 videos / 0 voices
Deutsche Bank profits fall sharply
Frankfurt :: Germany | about 1 month ago | Business News
Source: Guardian Unlimited
Deutsche Bank today reported steep falls in pre-tax and net profits and a further series of writedowns in the third quarter as the collapse of US investment bank Lehman Brothers last month sent the global banking sector into freefall ....
11 news stories / 12 blog posts / 29 images / 22 videos / 0 voices
Siemens sells computer unit to Fujitsu
Frankfurt :: Germany | about 1 month ago | Business News
Source: The Local
Fujitsu had held an option to buy all of the nine-year-old venture known as Fujitsu Siemens Computer (FSC), and the transaction should be finalised by April 2009, the Japanese company said. "We will inherit a very solid client base and...
9 news stories / 12 blog posts / 9 images / 23 videos / 0 voices
Commerzbank accepts €8.2bn state funding
Frankfurt :: Germany | about 1 month ago | Business News
Source: The Guardian
Commerzbank, Germany's second-largest bank , today said it would accept a €8.2bn (£6.44bn) capital injection from the state and a further €15bn in guaranteed funding. Commerz, which is taking over Dresdner, its smaller rival, said it had agreed to pay...
8 news stories / 3 blog posts / 12 images / 6 videos / 0 voices
Software giant SAP cuts 2008 revenue forecast
Frankfurt :: Germany | about 1 month ago | Business News
Source: The Local
In light of the uncertainties surrounding the current economic and business environment, the company decided to no longer provide a specific outlook" for software and software-related revenues, a statement said. SAP had initially hoped to increase software license sales by...
8 news stories / 0 blog posts / 3 images / 9 videos / 0 voices
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