Frankfurt

FRANKFURT, Germany | Bayer shares plunge in wake of Monsanto weed killer verdict

FRANKFURT, Germany  — Shares in German farm chemicals, materials and drug company Bayer have plunged in the wake of a U.S. court verdict against Monsanto, which Bayer has acquired. Shares of Leverkusen-based Bayer fell 11 percent Monday in morning trading in Europe to 83.09 euros per share. A jury in U.S. federal court in California … Continue reading FRANKFURT, Germany | Bayer shares plunge in wake of Monsanto weed killer verdict

FRANKFURT, Germany | Spending on future tech eats into BMW quarterly profit

FRANKFURT, Germany— Luxury carmaker BMW says that net profit fell 6 percent in the second quarter as the company spent more on developing new technologies for electric, autonomous and digitally connected automobiles. Profit came in at 2.08 billion ($2.42 billion), down from 2.22 billion in the year-earlier quarter. Revenues fell 2.9 percent to 25.02 billion … Continue reading FRANKFURT, Germany | Spending on future tech eats into BMW quarterly profit

FRANKFURT, Germany | Siemens sees lower profit, but books more big-ticket orders

FRANKFURT, Germany — Siemens AG saw net profit fall 14 percent in the most recent quarter as higher taxes and lagging profits at its oil and gas business weighed on earnings. On the positive side, the Munich-based company said Thursday it booked sharply higher orders, a key factor for earnings down the road. Those included … Continue reading FRANKFURT, Germany | Siemens sees lower profit, but books more big-ticket orders

FRANKFURT, Germany  | Aeromexico crash: Stronger planes can mean fewer fatalities

FRANKFURT, Germany  — An aviation expert says passengers in plane crashes like Tuesday’s Aeromexico accident — in which no one died — have better chances of survival due to more robust aircraft construction. Air safety investigator Adrian Young, from the Netherlands-based consultancy To70, said that crash survival rates “are higher than they have ever been” … Continue reading FRANKFURT, Germany  | Aeromexico crash: Stronger planes can mean fewer fatalities

FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany  — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins, but warned that “growing protectionism” is a threat to the globally connected car industry. The automaker based in Wolfsburg, Germany, said Wednesday that profit increased 6.8 percent to 3.31 billion ($3.85 billion) euros, despite a charge … Continue reading FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany | Volkswagen profit rises 6.8 percent despite diesel costs

FRANKFURT, Germany — Volkswagen says its profits rose 6.8 percent in the second quarter compared to the year-earlier quarter despite 1.6 billion euros ($1.9 billion) in charges for its diesel problems. The Wolfsburg, Germany-based automaker said Wednesday that profit rose to 3.31 billion euros from 3.10 billion a year earlier. Revenues rose 3.4 percent to … Continue reading FRANKFURT, Germany | Volkswagen profit rises 6.8 percent despite diesel costs

FRANKFURT, Germany | European economy slows amid trade fears

FRANKFURT, Germany — Europe’s economy slowed further in the second quarter amid concerns over global trade disputes, official figures showed Tuesday. Growth in the 19 countries that use the euro currency eased to a quarterly rate of 0.3 percent, weaker than markets had expected and down from 0.4 percent in the first quarter. Fear that … Continue reading FRANKFURT, Germany | European economy slows amid trade fears

FRANKFURT, Germany | European Central Bank says rates will remain low for months

FRANKFURT, Germany — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus settings unchanged at … Continue reading FRANKFURT, Germany | European Central Bank says rates will remain low for months