Germany

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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6 Most Important Things in Business Today

China has challenged the United States as a trade war between the two nations begins. According to Reuters: The United States is “opening fire” on the world with its threatened ...
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6 Most Important Things in Business Today

One of the nation's top venture capitalists has made a large bet on bitcoin values. According to The Wall Street Journal: Founders Fund, the venture-capital firm co-founded by Peter Thiel, ...
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Did German Automakers Collude in Dieselgate Scandal?

What began as a cheating scandal over diesel engine emissions involving German automaker Volkswagen AG in September 2015 may have also involved Germany's other big carmakers -- Daimler AG and ...
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Mercedes-Benz Recall Hits 3 Million Diesel Vehicles

German luxury carmaker Daimler AG said on Tuesday that it will expand its current "service action" for European owners of its Mercedes-Benz compact-class and V-class vans to include more than ...
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Money

Risks Becoming More Clear in Long-Dated Treasuries as Yields Keep Rising

Nothing lasts forever, and maybe that applies to incredibly low interest rates. The pressure remains high against bond prices as October gets off to a start. U.S. Treasury yields have ...
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German flag

One Less Negative Yield Bund in Germany, a Million More to Go

You might not have seen the end nor heard the end of the world of negative interest rates yet. Just don't tell that to longer-term and intermediate-term German bund traders. Short ...
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