German gross domestic product growth slowed more than expected in the second quarter, data showed, raising questions over how much drive can be expected from Europe's top economy in uncertain times.
The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
When a band of veteran British rock musicians took to the stage with a different take on Bob Dylan's music at the weekend, they were so good someone in the crowd even shouted "Judas."
The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
Stocks were set to open lower on Tuesday after three days of gains as data showed sluggish German growth hobbled the euro zone, rekindling fears over a stagnant global economy.
The statistic office indicated that while German exports grew, imports also sharply rose.
Gold prices rose on Tuesday as concerns over the financial health of the euro zone resurfaced ahead of a summit in Paris between French and German leaders, at which they will try to thrash out a solution to the bloc's debt crisis.
Spot gold held onto gains made in the previous session on Tuesday, but hopes that a Franco-German summit will make progress to help quell the region's sovereign debt crisis are expected to keep a lid on prices.
The leaders of France and Germany face a stark choice in talks on Tuesday over whether to begin steering the embattled euro zone toward closer fiscal union or risk watching the bloc unravel.
The euro zone economy grew less than forecast in the second quarter, held back by a sluggish performance in Germany and stagnation in France, data from the European statistics agency showed on Tuesday.
Sarkozy and Merkel Face Ever Grimmer Choices to Save Euro
Stagnant growth in Europe's powerhouse Germany knocked stocks lower on Tuesday and hit the euro, adding to investor fears that the world economy is slowing more than expected.
German gross domestic product growth slowed more than expected in the second quarter, weighed by a negative trade balance, flagging consumption and weak construction investment, the statistics office said.
German gross domestic product growth slowed more than expected in the second quarter, weighed by a negative trade balance, flagging consumption and weak construction investment, the statistics office said.
Apple reportedly has doctored a picture of its competitor's product in a lawsuit over intellectual property infringement. How will German judges react?
In the patent war over Samsung's Galaxy tablet in Europe, Apple may have released false evidence to the German courts against the Korean firm.
In mild cases of H1N1 influenza, a traditional Chinese herb mixture may relieve a fever about as well as the antiviral drug Tamiflu, researchers reported Monday.
U.S. solar company Evergreen Solar Inc filed for bankruptcy on Monday, its once cutting-edge technology falling victim to competition from cheaper Chinese rivals and to solar subsidy cuts in Europe.
Stocks were set to open higher on Monday, feeding on acquisition news and brushing off weak manufacturing data after last week's wild swings took the S&P 500 near a one-year low.
Poland became the third most active retail investment market in Europe in the first half of 2011, with $1.73 billion transacted.
The Swiss franc dropped to two-week lows against the euro and dollar on Monday on speculation the Swiss National Bank could further act to curb strength in the currency by setting an exchange rate target as early as this week.
Stock index futures rose on Monday, feeding bullish hopes that the recent selling would ebb after last week's wild swings took the S&P 500 near a one-year low.
