ECB to Cut Benchmark Interest Rate by Half-Point, Economists' Survey Shows Nov 29, 2008
The drop in inflation certainly gives the ECB more room to maneuver, said , a Frankfurt-based fund manager at Invesco, which holds about $160 billion in fixed-income assets. To contact the reporter on this story: in Frankfurt at. (Bloomberg -- Germany)
Bundestag Approves 2009 Budget, Backs Higher Borrowing as Economy Worsens Nov 29, 2008
5 percent, , an economist at Deutsche Bank AG in Frankfurt, said by telephone. Risks for the German budget are clearly tilted to the upside. (Bloomberg -- Germany)
ThyssenKrupp Forecasts `Significant' Decline in Annual Sales on Slowdown Nov 29, 2008
96 euros in Frankfurt trading ... To contact the reporter on this story: in Frankfurt at in London at. (Bloomberg -- Germany)
Porsche's Options Strategy Poses Debt Risk in Case Volkswagen Shares Drop Nov 29, 2008
62 euros in Frankfurt. Volkswagen dropped 14. (Bloomberg -- Germany)
Rwanda: Clerics Condemn Kabuye Arrest Nov 29, 2008
Kabuye was arrested over the weekend by German police at Frankfurt airport as she arrived in the European country on state duty. The arrest was a result of a controversial warrant issued by French judge Jean Louis Brugui;re. (allAfrica.com)
World traveler Nov 29, 2008
Home for the 43-year-old Kuras is Wiesbaden, a city in Southwest Germany situated on the northern bank of the Rhine not many kilometers from Frankfurt. Kuras, who is no stranger to months-long bicycle tours, embarked on his around the world odyssey in March. (Lake City Reporter, FL)
Bundesliga gets improved four-year TV contract Nov 29, 2008
FRANKFURT, Germany (AP) -- The Bundesliga has finalized a new four-year broadcast rights deal that will bring a slight increase in money for German clubs. The new contract announced Friday, which goes into effect next season, will bring the 36 first and second divisions clubs a combined euro412 million ($531. (SportsIllustrated.CNN -- Soccer)
U.K. takes over Royal Bank of Scotland Nov 29, 2008
1 billion, Bloomberg News reported from Frankfurt. Commerzbank had planned to buy Dresdner in two steps, taking on a 60 percent stake before the end of January and the rest in the second half of 2009 in return for shares. (International Herald Tribune)
Crisis deepens in Europe, Asia Nov 29, 2008
38% while in Frankfurt the Dax rose 0. 09. (Sydney Morning Herald -- Business)
AVEVA and Bilfinger Berger Power Services Intensify Their Cooperation Nov 28, 2008
In order to carry out this work more efficiently and at the same time satisfy the exacting requirements made by installation companies in terms of the design and construction specifications, BBPS recently signed a new contract that allows for overall increased use of AVEVA PDMS. "We are already using AVEVA PDMS on several large-scale projects at a total of seven locations, and have to date achieved a significant increase in the quality of our engineering work," explained Thomas Appel, Head of... (PR Newswire)
French Navy Searches Mediterranean for Survivors of Air New Zealand Crash Nov 28, 2008
The aircraft, which was being operated by XL Airways Germany, was yesterday flying to Frankfurt where it was due to be handed over for a return flight to New Zealand after the completion of a two-year lease, the Auckland-based airline said. Four Air New Zealand personnel were on board the aircraft: a senior captain, two engineers based in Christchurch and an engineer from Auckland,'' Chief Executive Officer said on a conference call. (Bloomberg -- Germany)
Commerzbank Speeds Up Dresdner Takeover in Revised $6.6 Billion Purchase Nov 28, 2008
The purchase will roughly double Frankfurt-based Commerzbanks German retail clients and step up competition with ... To contact the reporter on this story: in Frankfurt at. (Bloomberg -- Germany)
Biotest May Not Reach 10% Growth Goal If Financial Crisis Hits, Chief Says Nov 28, 2008
Biotest has a promising pipeline of active substances, which have, in the event of approval, a blockbuster potential, said , an analyst at Solventis Wertpapierhandelsbank in Frankfurt, who rates the shares a. Biotest is currently in the second phase of researching its BT-061 compound of monoclonal antibodies for treatment of rheumatoid arthritis and psoriasis. (Bloomberg -- Germany)
ThyssenKrupp 4Q profit increases 38 pct Nov 28, 2008
(11-28) 03:01 PST FRANKFURT, Germany (AP) ... 83 in Frankfurt trading. (San Francisco Chronicle -- Business)
Air NZ unveils names of three victims in plane crash Nov 28, 2008
The Airbus was to be flown to Frankfurt, where it was due to be handed back for a ferry flight back to New Zealand. It was due back in New Zealand this week. (Xinhuanet, China)
Fujitsu Siemens to cut 700 jobs Nov 28, 2008
FRANKFURT: Fujitsu Siemens Computers plans to slash around 700 jobs in Germany -- 12 per cent of its workforce in the country -- due to continued competitive and economic challenges, it said. Fujitsu Siemens Computers Holdings (FSC) is Europe's biggest maker of personal computers and employs about 10,500 worldwide, most of whom are in Germany. (India Times, India)
BayernLB Needs $13 Billion Injection of Fresh Capital, Handelsblatt Says Nov 27, 2008
To contact the reporter on this story: in Frankfurt at. Last Updated: November 27, 2008 01:01 EST. (Bloomberg -- Germany)
German carmaker Daimler may cut work hours Nov 27, 2008
(11-27) 03:42 PST FRANKFURT, Germany (AP). Daimler AG said Thursday it is considering cutting working hours at some of its car production plants in Germany as the economic gloom pushes down sales. (San Francisco Chronicle -- Business)
New German Symphony will perform Sunday in Lake Wales Nov 27, 2008
The members of the orchestra are either playing in opera or symphony orchestras all over Germany, like Frankfurt, Weimar, Berlin, Freiburg, Stuttgart etc. or are outstanding students of the German colleges who gain experience by playing solo concertos. (Lake Wales News, FL)
Podolski going nowhere, insists Klinsmann Nov 27, 2008
And Hoeness also criticised his performance in a game against Eintracht Frankfurt in the Bundesliga. Tottenham Hotspur, Manchester City and Real Madrid have also been linked to the German star, who has said his dream move would be back to Cologne from where he broke into the German team. (The Star Online, Malaysia -- Sports)
German jobless rate hit 16-year low in November Nov 27, 2008
Timo Klein, an economist with IHS Global Insight in Frankfurt, said he "expects seasonally adjusted unemployment to either stagnate or already head higher in December.". The government's independent panel of economic advisers recently forecast that the number of Germans registered as unemployed would increase to an average of 3. (International Herald Tribune -- Business)
Stocks rise, but grim economic news pours in Nov 27, 2008
72 in Frankfurt and 1. 58 percent in London in early trading. (Yahoo News -- Top Stories)
Cerberus claims it was misled by Daimler in deal for Chrysler Nov 27, 2008
Contributing: AP Business Writer George Frey in Frankfurt, Germany. Copyright 2008 The Associated Press. (USA Today -- Autos)
German Import Prices Drop Most Since Records Began in 1962 on Cost of Oil Nov 26, 2008
It is all about cutting rates as much as possible and as fast as possible, said , chief economist at Barclay Capital in Frankfurt ... To contact the reporter on this story: in Frankfurt at. (Bloomberg -- Germany)
Lower Kazakhstan Court Rules Against Alhambra, Appeal In Progress Nov 26, 2008
Alhambra common shares trade on the TSX Venture Exchange under the symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation's website can be accessed at. This news release contains forward-looking information including but not limited to comments regarding the timing and content of upcoming work programs and potential mineral recovery processes. (Canada Newswire)
Looted Matisse goes to UK charity Nov 26, 2008
The painting belonged to Harry Fuld who made his fortune in telephones, founding the H. Fuld elefon und Telegraphenwerke AG in Frankfurt, Germany, in 1899, the charity said. After Fuld died in 1932, his art collection passed to his son, Harry Fuld Jr. He fled Nazi Germany in 1937, packing the collection into crates, which he gave to a shipping company to transport. (BBC News -- Entertainment)
World stocks close higher despite profit-taking Nov 26, 2008
FRANKFURT, Germany (AP) - World stock markets closed modestly higher Tuesday despite some profit-taking that trimmed initial gains brought on by the U.S. government's latest attempt to revive lending in the world's largest economy. Despite spending much of the day in negative territory, the Dow Jones industrial average ended higher for the third-consecutive session, the first time it has managed that since late August. (The Star Online, Malaysia -- Business)
Germany Still Haunted By its Homegrown Terrorists Nov 26, 2008
On November 16 1982, German policemen hiding in the soil and foliage of a cold, wet forest near Frankfurt, spotted a skinny man in a tracksuit moving erratically toward them. "Don't shoot!" the man shouted as the policemen armed with machine guns jumped out of their hiding places to arrest the completely exhausted Christian Klar, the last member of the so-called "second generation" of the R.A.F. still on the loose. (Time.com)
Justice for a Matisse Nov 25, 2008
The painting belonged to Harry Fuld, a German Jew who made his fortune in telephones, founding the H. Fuld & Co. Telefon und Telegraphenwerke AG in Frankfurt, Germany, in 1899, the charity says. "The Fuld family were almost manic collectors, with the broadest of tastes," Glyn said in a phone interview. (MSNBC -- International)
German Economy Falls Into Recession as Crisis, Euro Gain Stifle Exports Nov 25, 2008
Germany is at the mercy of the global environment and we are only seeing the end of the beginning, said , an economist at Dresdner Kleinwort in Frankfurt ... The only positive aspect in the third-quarter GDP figures is the gain in private consumption, said , an economist at Deka Bank in Frankfurt ... I dont think we will see clearly positive growth figures in 2009, said , an economist at Commerzbank AG in Frankfurt, who expects the German economy to shrink 1. (Bloomberg -- Germany)
Podolski rocks Bayern with talk of departure Nov 25, 2008
FRANKFURT: Lukas Podolski s declared intention to leave Bayern Munich has rocked the German giants one day before a crucial Cham-pions League game against Steaua Bu--charest. Bayern need only one point to make sure of advancing to the knockout stage. (The Star Online, Malaysia -- Sports)
Deutsche tries to prove itself an exception to the bailout trend Nov 25, 2008
"In the case of capital ratios, it's easy to look at a number," said Dieter Hein, an analyst with Fairesearch, an independent firm in Frankfurt. "It's much harder to understand the quality of a bank's assets.". (International Herald Tribune)
• Justice done as Matisse finds a new home Nov 25, 2008
The painting belonged to Harry Fuld, a German Jew who made his fortune in telephones, founding the H. Fuld elefon und Telegraphenwerke AG in Frankfurt, Germany, in 1899, the charity says. "The Fuld family were almost manic collectors, with the broadest of tastes," Glyn said in a phone interview. (Burley South Idaho Press, ID)
Procter & Gamble filtering out Braun appliances Nov 25, 2008
It s a clear decision not to afford some kinds of products that don t deliver, said Lars Atorf, spokesman for Frankfurt, Germany-based ... Founded: 1921 in Frankfurt/Main by Max Braun. (Cincinnati Business Courier, OH)
50,000 jobs to be cut Nov 24, 2008
In Europe, London, Frankfurt and Paris were all down between 2 and 3. 3 percent. (CNN -- International)
European, U.S. Stock Futures Rally as Citigroup Rescued; Banks May Advance Nov 24, 2008
2 percent from their closing price in Frankfurt, while American depositary receipts of Credit Suisse, Switzerland's second-biggest bank, gained 2. 6 percent from the close in Zurich. (Bloomberg -- Germany)
Business Confidence Probably Fell to Five-Year Low as Crisis Hurt Exports Nov 24, 2008
The recession has finally hit corporate Germany with full force, said , an economist at Dekabank in Frankfurt ... Its going to be tough for German companies, said , a Deutsche Bank economist in Frankfurt ... To contact the reporter on this story: in Frankfurt at. (Bloomberg -- Germany)
Germany's Benchmark DAX Index Gains; Siemens, E.ON, SAP Lead the Advance Nov 24, 2008
The index of 30 companies traded on the Frankfurt Stock Exchange rose 48. 66 to 4,176. (Bloomberg -- Germany)
German business sentiment falls further in Nov. Nov 24, 2008
(11-24) 03:47 PST FRANKFURT, Germany (AP). German business confidence fell to a 15-year low in November as worries about the economy mounted amid the global economic crisis, a key report showed Monday. (San Francisco Chronicle -- Business)
* BUNDES LIGA: Ribery the star as Bayern rally to beat lowly Cottbus Nov 24, 2008
Eintracht Frankfurt did their flagging league position the power of good with a rampant 4-0 win over Hannover 96. This story has been viewed 232 times. (Taipei Times, Taiwan -- World)
New Citigroup rescue as Obama names eco team Nov 24, 2008
37 percent, Frankfurt won 3. 25 percent and Paris gained 4. (Yahoo News -- Top Stories)
Siemens' Feldmayer to get 2 years probation, fine Nov 24, 2008
FRANKFURT, Germany A state court in Nuremberg sentenced former Siemens AG executive Johannes Feldmayer to two years of probation and a fine for his involvement in corruption at Germany's largest industrial conglomerate. Prosecutors had sought a three-and-a-half year prison sentence for Feldmayer. (Atlanta Journal-Constitution -- Business)
Deutsche Bank mid-tier lending up despite downturn Nov 24, 2008
FRANKFURT, Germany Deutsche Bank AG said Monday its lending to middle-sized businesses increased 11 percent over the last year despite the economic downturn and that the bank would add jobs in Germany to enhance its advisory services for the sector. The bank said in a statement it has expanded its lending to small- and medium-sized clients during the last 12 months, to a total of euro40 billion ($51 billion) from euro36 billion in the year ago period. (Atlanta Journal-Constitution -- Business)
European Two-Year Notes Advance for Record Ninth Week as ECB Signals Cuts Nov 23, 2008
Owing to a remarkable decline in inflationary pressures in the medium term and rapidly deteriorating economic prospects, euro-area monetary policy, in my view, has enough leeway for further easing if necessary,'' Weber said at a banking conference in Frankfurt yesterday ... The Frankfurt-based ECB lowered its key by half a percentage point to 3. (Bloomberg -- Germany)
World traveler Nov 23, 2008
Home for the 43-year-old Kuras is Wiesbaden, a city in Southwest Germany situated on the northern bank of the Rhine not many kilometers from Frankfurt. Kuras, who is no stranger to months-long bicycle tours, embarked on his around the world odyssey in March. (Lake City Reporter, FL)
Bayern batter Cottbus as Hoffenheim keep the lead Nov 23, 2008
Eintracht Frankfurt did their flagging league position the power of good with a rampant 4-0 win over Hanover. On Friday, Borussia Dortmund went fifth in the table after their 1-0 win over Karlsruhe. (The Star Online, Malaysia -- Sports)
NGN Strategies Congress Nov 23, 2008
Location: Frankfurt, Germany. Next Generation Networks, "NGN Strategies Conference," Frankfurt, Germany. (Multichannel News)
German: Hoffenheim wins 3-1 to reclaim lead Nov 23, 2008
FRANKFURT, Germany (AP) -- Vedad Ibisevic scored twice Saturday to take his season tally to 16 goals as 10-man Hoffenheim won 3-1 at 10-man FC Cologne to reclaim the lead in the Bundesliga. Ibisevic scored twice in the final 23 minutes to give Hoffenheim a seventh victory in its last eight games, taking the league lead with 31 points to move three ahead of Bayer Leverkusen and Bayern Munich. (SportsIllustrated.CNN -- Soccer)
Soccer | Germany: Hoffenheim wins 3-1 at FC Cologne in Bundesliga Nov 23, 2008
Nikos Liberopoulos also scored two goals as Eintracht Frankfurt won 4-0 at home over Hannover. . (International Herald Tribune)
German Banking Group's Mueller Foresees No Wave of Layoffs, Lower Bonuses Nov 22, 2008
I don't have the impression'' that German banks plan major layoffs after those previously announced, Mueller, who is also chairman of , told reporters at a banking conference in Frankfurt today ... When asked whether Frankfurt-based Commerzbank may need more capital from the state, Mueller said he has learned to never rule out anything and added that there are no plans to currently seek more aid ... To contact the reporter on this story: in Frankfurt at. (Bloomberg -- Germany)
Merkel Government's Budget Squeezed as Crisis Hits Revenue, Forces Outlays Nov 22, 2008
All signs point to a hard economic year for Germany, and this plays out on the budget,'' Stefan Bielmeier, an economist with Deutsche Bank AG in Frankfurt, said in a Nov. 19 interview. Even so, Germany ``may be getting off relatively lightly if it can keep the deficit that low. (Bloomberg -- Germany)
DAX Index Drops on Recession Concern, Led by E.ON, RWE; Bank Shares Slump Nov 22, 2008
2 percent as of 5:45 p.m. in Frankfurt ... To contact the reporter on this story: in Frankfurt at. (Bloomberg -- Germany)
Free and cheap in Frankfurt Nov 22, 2008
Live large on small sums in Frankfurt ... FRANKFURT, Germany A world financial center packed with investment bankers sounds like a tough place to do on a budget, but even the Manhattan of continental Europe has secrets aplenty for the thrifty ... Tours on water or land offer an inexpensive way to see Frankfurt. (Atlanta Journal-Constitution -- Travel)
Eurozone activity at slowest in a decade Nov 22, 2008
By Ralph Atkins in Frankfurt ... Jean-Claude Trichet, ECB president, told a Frankfurt banking conference on Friday that the latest economic data came as no surprise and that central bankers had to inspire confidence. (FT.com -- Markets)
Discount delight Nov 21, 2008
Mike Dawson, a journalist from Frankfurt, says that "people think of them as small operations and very peripheral but that's not the case. You are talking about a 48bn euro animal.". Aldi was started by brothers Karl and Theo Albrecht in Essen, Germany in 1953. (BBC News -- UK)
Aide to Rwandan President Formally Indicted in France Nov 21, 2008
Arrested on 9 November in Frankfurt, Germany, in relation to a European arrest warrant issued by French justice, Mrs Kabuye was part of the nine Rwandans against which the French antiterrorist Judge Jean-Louis Bruguiere issued arrest warrants in November 2006. The French judge accuses them of having organized, on order of Paul Kagame, assassination on 6 April 1994, of Habyarimana, which the accused have always denied. (allAfrica.com)
Rwanda: Kagame Aide Granted Bail Nov 21, 2008
The chief of State Protocol was arrested in the German city of Frankfurt where she had gone to prepare President Paul Kagame's visit. Her arrest raised global condemnation, including the African Union and the Pan African Parliament among many, who termed it an abuse of Universal Jurisdiction by both Germany and France. (allAfrica.com)
Rwanda: Judge Bruguiere Violated the Principle of Universal Jurisdiction Nov 21, 2008
The unlawful arrest of Kabuye in Frankfurt while on a official diplomatic mission clearly contravenes the concept of immunity from universal jurisdiction as stipulated in Article 29 of the Vienna convention, which provides that diplomats or persons on diplomatic missions shall not be detained or arrested. This principle is the most fundamental rule of diplomatic law and the oldest established rule. (allAfrica.com)
* Solar power group makes suprise bid for Opel Nov 21, 2008
DAVID AND GOLIATH: Many specialists did not know what to make of the bid, although one auto industry expert described it as a marketing gimmick and completely unfeasible AFP, FRANKFURT, GERMANY Friday, Nov 21, 2008, Page 10 ... 85 euros in late trading on the Frankfurt stock exchange, while the TecDax index on which it is listed was off 4. (Taipei Times, Taiwan -- World)
Boxing: Bowe to make another ring comeback Nov 21, 2008
FRANKFURT, Germany (AP) - Former heavyweight champion Riddick Bowe will fight for the first time in three years on the undercard of the Wladimir Klitschko vs. Hasim Rahman IBF title fight Dec. 13 against a still to be determined opponent, the organizers said Thursday. Bowe, 41, retired in 1996 and came back in 2004. (The Star Online, Malaysia -- Sports)
More job cullings heightens global recession fears Nov 21, 2008
08 percent, Frankfurt gaining 1. 26 percent and Paris climbing 1. (Yahoo News -- Top Stories)
* Sky no longer limit for sex-change pole vaulter Nov 21, 2008
DPA, FRANKFURT Saturday, Nov 22, 2008, Page 18 ... I felt like an over-bred pitbull, Buschbaum recently told the Frankfurter Allgemeinen Sonn-tagszeitung, saying he was far more aggressive in training and could jump with poles Yvonne Buschbaum only dreamt of using. (Taipei Times, Taiwan -- World Business)
Bayern plays bottom club Cottbus in Bundesliga Nov 20, 2008
On Saturday, it's Wolfsburg vs. Stuttgart, Eintracht Frankfurt vs. Hannover and Bochum vs. Hertha Berlin. Hamburger SV plays Werder Bremen in the northern derby Sunday. (International Herald Tribune -- Technology)
Rwandan official charged in France Nov 20, 2008
Germany extradited Rose Kabuye, a former guerrilla leader who now serves as chief of protocol to President Kagame, 10 days after police acting on a French warrant arrested her as she arrived at Frankfurt airport ... French officials took charge of her in Frankfurt, and she was flown to Charles de Gaulle airport in Paris aboard an Air France jet. (Aljazeera.net)
Rwanda aide questioned in Paris Nov 20, 2008
She was detained in Frankfurt last week ... French officials took charge of Ms Kabuye in Frankfurt, and she was flown to Charles de Gaulle airport in Paris aboard an Air France jet. (BBC News -- Europe)
