Germany Business News

ArcelorMittal, the world's biggest steelmaker, had a muted forecast for the final three months of 2009, saying last month, there should be a further gradual improvement through 2010 but with a challenging operating environment. Austrian steelmaker Voestalpine said all sectors...

Lehman Brothers Holdings, the investment bank liquidating in bankruptcy, has asked a judge for permission to pay $50 million to employees dealing with its derivative contracts. Lehman was a party to or guaranteed more than 10,000 derivative contracts, which it...

Hans-Helmut Kotz, a Bundesbank board member, called on German banks to use the “room to manoeuvre” created by public-policy responses and a return to economic growth to “put some fat on the ribs” of their capital bases. The 17 largest...

The indebted automotive holding company created as a vehicle for the acquisition will stay deeply in the red as it is forced to deconsolidate its Volkswagen stake and much of its Porsche AG sports car business, officials said on Wednesday....

The 78-year-old is in critical condition after sustaining massive head and chest wounds from the weight of the 100-kilogramme tree at the store in the city�s Wandsbek district. The five-metre Tannenbaum had been attached to the ceiling with three steel...

Allied Farmers says the independent report on its proposed debt for equity swap with Hanover investors concludes that the offer is "fair", superior to the current moratorium or receivership, and that a better offer is unlikely.

A drop in the U.S. gross domestic product estimate and housing starts threw cold water on the economic recovery just before the Thanksgiving holiday. Investors can give thanks that a few economic signs are pointed in the right direction, contrary...

The Ifo economic think tank's business climate index, based on a monthly poll of some 7,000 firms, rose to 93.9 from 92.0 in October, exceeding a consensus forecast for a 92.5 reading and bringing the survey to its highest level...

German business confidence rose for an eighth consecutive month in November as Europe's biggest economy recovered steadily from its worst recession in decades, a leading survey showed Tuesday. The Ifo business climate index rose to 93.9 points in November from...