Banking
ECB's Top Economist Says Weak Banks Should be Allowed to Fail
The European Central Bank's (ECB) top economist said on Wednesday, Aug. 27 that weak banks that heading for collapse sue to the current global financial crisis should be allowed to fail rather than be bailed out. »Mehr zu: title"
Economy
German Economic Confidence Slips Despite Budget Surplus
According to two key surveys, German economic confidence seems to have fallen once again. However, the state reported that the federal budget was in the black for the first half of 2008. »Mehr zu: title"
Latin America
Brazil, Germany Launch Economic Conference as Business Booms
As economic ties between Germany and Brazil rapidly take off, industry leaders from the two countries met to discuss strategies for the future -- including the 2014 soccer World Cup in Brazil. »Mehr zu: title"
Banking
Talks Heat Up on Major German Bank Merger
Germany may soon see its largest bank merger in seven years, with Commerzbank racing to complete a deal to overtake crisis-squeezed Dresdner Bank. »Mehr zu: title"
Aviation
Lufthansa to Bid for Austrian Air Stake, Named in Alitalia Deal
Lufthansa officially declared its interest in acquiring a stake in debt-ridden Austrian Airlines (AUA) Monday, Aug. 24. The German airline was also named in reports over a possible partnerhip deal with Italy's Alitalia. »Mehr zu: title"
Business
Media Reports German Bank IKB Sold to US Private Equity Group
According to German media reports on Saturday, Aug. 2, German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros ($222 million). »Mehr zu: title"
Business
Possible Sale of London Airports Interests Germany's Hochtief
British airport company BAA faces having to sell two of its three London airports, the British Competition Commission said, rekindling interest by German firm Hochtief in acquiring Gatwick. »Mehr zu: title"
More Business Articles
German Employment Rate Hits Highpoint | 21.08.2008
Pay Gap Still Wide for European Women | 21.08.2008
Lone Star Equity Group to Buy German Subprime Casualty IKB | 21.08.2008
Auto Parts Makers Continental and Schaeffler Agree to Merger | 21.08.2008
