Frankfurt

FRANKFURT, Germany | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany — The European Central Bank is meeting to discuss when and how to end its bond-buying stimulus program, an exit that will have far-reaching consequences across the economy. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30 billion euros ($35.5 billion) a month in … Continue reading FRANKFURT, Germany | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany | Direct costs of Daimler diesel recall in Europe limited

FRANKFURT, Germany (AP) — Automaker Daimler’s recall and software fixes for 774,000 Mercedes-Benz cars and vans in Europe will likely cost close to or more than 100 million euros ($118 million.) Analyst Marc-Rene Tonn at Warburg Research provided the estimate on Tuesday. Tonn says the direct financial impact will be “limited” because cooperation with authorities … Continue reading FRANKFURT, Germany | Direct costs of Daimler diesel recall in Europe limited

FRANKFURT, Germany  | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany  —The European Central Bank will on Thursday weigh when and how to end its bond-buying stimulus program — an exit that will have far-reaching consequences across the economy, from long-suffering savers to Europe’s indebted governments. The bank, which sets monetary policy for the 19 countries that use the euro, has been buying 30 … Continue reading FRANKFURT, Germany  | European Central Bank to weigh end to stimulus program

FRANKFURT, Germany | Body language: Photo of Merkel, Trump captures G-7 tensions

FRANKFURT, Germany — One photo is telling it all about tensions at the G-7 summit. A picture of U.S. President Donald Trump and German Chancellor Angela Merkel displaying less-than-friendly body language is turning out to be a defining image of the contentious meeting of the Group of Seven leaders of the world’s advanced economies. The … Continue reading FRANKFURT, Germany | Body language: Photo of Merkel, Trump captures G-7 tensions

FRANKFURT, Germany | German minister urges jobless fund, tax to bolster euro

FRANKFURT, Germany (AP) — Germany’s finance minister is urging bolder steps to strengthen the 19-country euro currency union by setting up a fund to help member states suddenly hit with high unemployment, and by laying the foundations for a European Union-wide tax system. Finance Minister Olaf Scholz made his proposals in an interview with Der … Continue reading FRANKFURT, Germany | German minister urges jobless fund, tax to bolster euro

FRANKFURT, Germany | Deutsche Bank downgraded, CEO tries to reassure employees

FRANKFURT, Germany— Deutsche Bank’s CEO is trying to reassure employees that the bank’s turnaround will succeed despite more negative news including a credit downgrade from Standard & Poor’s. Christian Sewing acknowledged in a message Friday to staff that “many of you are sick and tired of bad news” but assured them that the bank has … Continue reading FRANKFURT, Germany | Deutsche Bank downgraded, CEO tries to reassure employees

FRANKFURT, Germany | Deutsche Bank hit with downgrade, CEO reassures employees

FRANKFURT, Germany — Ratings agency Standard & Poor’s has downgraded Deutsche Bank’s credit rating, saying the bank’s turnaround strategy faces “execution risks” and will take time to show results. The agency said in a statement Friday that management was taking “tough actions” but that “relative to peers, Deutsche Bank will remain a negative outlier for … Continue reading FRANKFURT, Germany | Deutsche Bank hit with downgrade, CEO reassures employees

FRANKFURT, Germany | Another euro crisis? Italian chaos reawakens concerns

FRANKFURT, Germany (AP) — Italy’s political turmoil has sent a wave of concern through Europe’s 19-country currency union, with serious tremors hitting the country’s government debt market. One big reason for the worry: the firewalls the eurozone built to prevent a rerun of its 2010-2012 debt crisis largely depend on countries being willing to play … Continue reading FRANKFURT, Germany | Another euro crisis? Italian chaos reawakens concerns