Germany

German Economy Goes Into the Dump

Germany, the largest economy in Europe and the fourth largest in the world, is in deep trouble, and it has grown worse recently. The country's manufacturing sector continues to deteriorate, ...
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Eurozone PMI Drops to Near Recession Level

Markit's Eurozone Purchasing Managers' Index (PMI) dropped to near recession levels for September. It is another sign of how close Europe's overall economy is to contraction and how perilous the ...
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German Economic Growth to Drop Near Zero for 2019

Germany's Ifo Institute for Economic Research has downgraded its forecast for the German economy to a growth rate of 0.5% for 2019. That is more optimistic than some other forecasts, ...
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Eurozone PMI Shows Modest Growth, No Recession

Markit has released its final data for the services section PMI across the eurozone. It covers the month of August. While growth is sluggish, the figure has not dropped below ...
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Defying Logic: Germany Sells 30-Year Bonds for Negative Yields

The media loves pointing to the inverted yield curve, negative interest rates and the imminent recession. There might be a reason why it matters, even if the media keeps jumping ...
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Is Germany Teetering on Another Technical Recession?

Most economists and market participants consider a recession as two consecutive quarters in which gross domestic product (GDP) growth is negative. There are of course variations to what may really ...
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Chemical Giant BASF Will Fire 6,000 Employees

Germany-based chemical giant BASF announced Thursday that is streamlining its administration while sharpening and simplifying roles, procedures and processes. The end result is that 6,000 employees will lose their jobs ...
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Mercedes-Benz Maker Warns on Q2 Profit

German automaker Daimler issued a profit warning late Sunday, telling investors that an increase to its cash provision related to various sins related to the company's diesel vehicles likely will ...
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BMW Still Top Exporter of US-Made Vehicles, but Outlook Is Clouded by Tariff Threat

In 2018, 1.8 million passenger cars and light trucks built in the United States were exported. By dollar value, the exported vehicles accounted for $53.22 billion of U.S. international trade, ...
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Germany Enters 2019 Teetering on the Brink of Recession

The European Central Bank wants to reverse its multiyear path of economic stimulus and quantitative easing. Unfortunately, that desire may not become reality. Germany is Europe's largest economy, and there ...
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5 Most Important Things in Business Today

The former CBS Corp. (NYSE: CBS) CEO will not get severance due to sexual harassment claims. According to Reuters: CBS Corp said on Monday it has fired Leslie Moonves for ...
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German Economy Shrinks, Raising Recession Worry

Germany has the largest economy in Europe and is often considered the GDP engine of the continent. That role has been positive for the region for years. Now, its gross ...
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6 Most Important Things in Business Today

Snap Inc. (NYSE: SNAP) is being investigated about some of its IPO claims. According to Reuters: The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap Inc for ...
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German Debt Rating Stays at Highest Level

S&P recently issued its latest opinion of German debt, giving it the highest grade possible. It also said the rating was "stable." This makes the sovereign paper among the safest ...
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Why Germany Can’t Buy Natural Gas From the US

True to form, President Trump, kicked off Wednesday's NATO summit by tossing a grenade. This one was in German Chancellor Angela Merkel's direction and aimed at the country's dependency on ...
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