Bankers and regulators should learn the lessons of the global financial crisis and drive through changes to prevent future breakdowns, financiers said on Friday. Bundesbank President Axel Weber said regulators must be resolute about pressing ahead with reform and reject...
The German giant said in a statement that its supervisory board had approved on Thursday contracts determining details of the two firm's complex tie-up...The approvals are expected to draw a line under a fierce power struggle between the two automakers...
ECB President Jean-Claude Trichet said some fiscal stimulus measures were no longer needed to the same extent. He said any measures that pose "a threat to the achievement of price stability must be undone promptly and unequivocally". The eurozone region...
U.S. markets fell early Thursday, after the Labor Department said initial jobless claims were unchanged in the week ending Nov. 14. After three consecutive weeks of declines, the department said 505,000 initial unemployment claims were filed, equal to the revised...
U.S. and German labor leaders announced a transatlantic alliance on Wednesday aimed at persuading Germany's giant Deutsche Telekom AG to allow collective bargaining at its subsidiary, T-Mobile USA. Under the agreement, which U.S. labor officials called unprecedented, German trade union...
Sweden's AB Volvo reported Wednesday its total truck deliveries in October amounted to 13,050 vehicles. That was a decline of 41% compared with the year-earlier period, but it represented an increase of 12% compared with September. Its Volvo Trucks unit...
Air Berlin , Germany's second biggest airline after Lufthansa, on Tuesday reported that its net profit more than doubled in the third quarter of this year on a 12-month comparison. The company posted a net profit of 95.2 million euros...
United States to engage in opening the markets on both sides. "That's quite frightening," he said. "I'm very much afraid that in the future the transatlantic dialog will become increasingly difficult. The U.S. administration has made a proposal on how...
Providing the market with support have been various factors like strong demand for gold through such investments as exchange traded funds which in turn are being supported by a growing number of financial planners. Another factor has been recent financial...
Robert Enke who was going to play for Germany at the World Cup died after being hit by a train. President of the team, Martin Kind confirmed his death. German police later released a statement saying saying a man (Robert...
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