Germany
Exports Unexpectedly Slumped 6.3% in January, Erasing December's 3.4% Gain German exports unexpectedly slumped
in January, erasing December’s jump and ending a four-month
streak of gains.
German Stocks Rise as Steelmakers, Commerzbank Gain; Deutsche Post Drops German stocks advanced, sending the
benchmark DAX Index to a seven-week high, as former European
Commission President Romano Prodi said the worst of Greece’s
financial crisis is over and other European nations won’t follow
in its path.
E.ON to Give Profit Outlook Mid-Year as Economy Still `Difficult' to Gauge E.ON AG, Germany’s largest utility,
will give an earnings outlook for 2011 onwards at the middle of
this year as economic progress remains “difficult” to gauge.
Munich Re Confirms Profit Target for This Year Following Storms, Quakes Munich Re, the world’s biggest
reinsurer, reiterated its profit target for 2010 after the Chile
earthquake and a winter storm in Europe last month, which are
expected to cost it about 500 million euros ($680 million).
Fraport's Frankfurt Airport Passenger Numbers Declined in February By 1% Fraport AG’s Frankfurt airport
February passengers fell 1 percent to 3.3 million, the company
said in an e-mailed statement today.
European Stocks Pare Earlier Drop, Leaving Stoxx Europe 600 Little Changed European stocks fluctuated as the
Stoxx Europe 600 Index remained near a seven-week high for a
third straight day. Asian shares and U.S. index futures were
little changed.
IVG Reports a Narrower Loss for 2009 as the Value of Its Caverns Increases IVG Immobilien AG, Germany’s
largest commercial property company, reported a narrower loss
for 2009 as its oil and gas storage caverns gained in value and
interest costs fell.
First Climate Seeks $136 Million in Funds for Carbon Credits After 2012 First Climate AG said it signed
letters of intent with major European utilities to invest in
projects that may generate emission credits good after 2012.
Crude Oil Reserves 20% Larger Than Thought at Start of Year, Die Welt Says Germany’s crude oil reserves were
20 percent larger at the start of the year than had previously
been thought after deposits were found in the Upper Rhine
region, Die Welt reported, citing a study by Lower Saxony’s
State Office for Mining, Energy and Geology.
EU Seeks to End Crisis Subsidies for Job Protection, FT Deutschland Says European Union finance ministers
are considering phasing out government measures that protected
jobs during the economic crisis, the Financial Times Deutschland
reported.
Gates Sees Afghan War Gains, Risks as Fight Expands in Taliban Heartland U.S. Defense Secretary Robert Gates
praised Afghanistan’s efforts to build the army it needs to take
over from American troops due to begin leaving next year.
Germany's Roesler Plans Law to Force Drug Price Cuts, Bild Zeitung Reports German Health Minister Philipp
Roessler plans new legislation by the end of this year to force
pharmaceutical companies and health insurers into talks aimed
at cutting drug prices, he said in an interview with Bild
Zeitung.
Merkel Parties' Support Drops to Lowest in Nine Years in Weekly Forsa Poll German Chancellor Angela Merkel’s
Christian Democrats declined to 33 percent support from 35
percent in a weekly Forsa party poll, Stern magazine said in an
e-mailed statement. Support for the parties in her governing
coalition is at the poll’s lowest since February 2001, the
survey said.
FEEDBACK
HOME
