General Motors has signalled it is ready to contribute about 600 million euros ($904.3 million) of its own cash to restructure its Opel carmaking unit, German Economy Minister Rainer Bruederle said on Wednesday.
Daimler (DAIGn.DE) will switch production of roughly a fifth of its Mercedes C-Class models to the United States from Germany in 2014 in a move to avoid damaging currency fluctuations and protect its margins.
European equities edged lower on Wednesday after their biggest one-day gain in more than 4 months in the previous session, as a decline in banking stocks offset higher pharma and food shares.
Fiat SpA Chief Executive Sergio Marchionne hinted that government targets of a boost in production to 900,000 vehicles a year in Italy were achievable, but said he still planned to end car output at a Sicily plant.
Markets stabilized further in the Tuesday session with the dollar sliding against the majors, while global equity bourses rallied and spot gold surged to a new record high above the $1,200 per ounce level. Tokyo's Nikkei index climbed by over 2.4% on Tuesday while Germany's DAX index rallied by nearly 2.7% and the Dow Jones improved by more than 1.5% by afternoon trading. Philadelphia Fed President Plosser delivered an optimistic assessment on the economy earlier, expressing his confidence that...
Millions of Germans will pay more for their electricity despite sharply lower fuel prices, footing the bill for utilities' losses, renewable energy and higher transmission grid charges.
Prosecutors accused 89-year-old John Demjanjuk on Tuesday of knowingly herding thousands of Jews to their deaths in the Holocaust and standing by as victims of Nazi death camp Sobibor screamed in fear.
Euro zone finance ministers will take their first step towards exiting discretionary fiscal stimuli on Tuesday by accepting deadlines for deficit reductions proposed by the European Commission last month.
Euro zone unemployment remained stable at an 11-year high in October but September jobless numbers were higher than previously reported, showing the labour market has yet to feel the effects of nascent economic recovery.
The Airbus A400M will cost the seven countries buying the military transport an additional 7.4 billion euros for the 180 aircraft on order, Les Echos newspaper reported in a preview of the front page of its Tuesday edition.
General Motors has regained full control over Opel after paying back a 1.5 billion euro emergency loan including interest, dissolving a trust that held a 65 percent stake in the European carmaker.
Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriates.
Germany's biodiesel industry, Europe's largest, is suffering from cheap U.S. imports of the green fuel which evade punitive European Union import duties, industry leaders said on Monday.
A French court fined eBay Inc 1.7 million euros ($2.6 million) for violating a 2008 injunction that prevents French users of the online auction site from buying or selling LVMH perfumes and cosmetics on any eBay website.
Wind and solar park developer Scan Energy cut its expectations for what will likely be the second-largest initial public offering in Germany in 2009, after Hochtief also hit a cautious note on its planned unit IPO.
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The trial of John Demjanjuk, an 89-year-old former Nazi camp guard, started on Monday on charges of helping to force 27,900 Jews into gas chambers at Sobibor death camp in 1943.
Hochtief reserves the right to put the planned initial public offering (IPO) of its infrastructure unit on hold should stock markets take a drubbing from the Dubai debt crisis, its chief executive told a Sunday paper.
Toto, Japan's No.1 toilet maker, expects to meet its earnings forecasts despite the yen's recent surge by capitalizing on an earlier-than-expected demand recovery in China and cost cuts, its president said on Monday.
Iran announced plans on Sunday to build 10 new uranium enrichment plants in a major expansion of its atomic program, just two days after the U.N. nuclear watchdog rebuked it for carrying out such work in secret.
John Demjanjuk, an 89-year-old former Nazi camp guard, is due to stand trial on Monday on charges of helping to force 27,900 Jews into gas chambers in 1943.
A major international conference on Afghanistan, to be held in London in January, will aim to set the conditions for a gradual transfer of security responsibilities to Afghan control, Britain said on Saturday.
