GERMANY

EU says no new proposals on Lufthansa/AUA deal

IBTimes Logo
EU antitrust regulators have not received a new proposal from Germany's Lufthansa over its plan to buy Austrian Airlines, officials said on Monday, but Austria later reported progress toward agreement.
IBTimes Logo

Volkswagen mulls funding options for Porsche deal

Volkswagen, Europe's largest carmaker, is considering a capital increase as one option among many to finance its takeover of debt-laden sports car maker Porsche, bankers familiar with the situation said.
More news
IBTimes Logo

RHJ won't rule out selling Opel back to GM: report

RHJ International, a bidder for carmaker Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's chief executive told a German newspaper on Sunday.
IBTimes Logo

Porsche families want VW by-laws changed - paper

Porsche's owner families have agreed with a key Volkswagen shareholder that controversial clauses of a law protecting Volkswagen from hostile takeovers would be absorbed into the by-laws of Europe's biggest carmaker itself, a German magazine said on Saturday.
IBTimes Logo

China's looks to second board to fund start-ups

Qu Jianguo, unable to borrow from banks to fund his small water treatment business, is hoping a Nasdaq-style second board in China, due for launch this fall, will help fill a hole in his country's financial system.
IBTimes Logo

Germany calls carbon tariffs eco-imperialism

Germany called a French idea to slap carbon tariffs on products from countries that are not trying to cut greenhouse gases a form of eco-imperialism and a direct violation of WTO rules.
IBTimes Logo

Equities to sail higher to year end: chartists

Global equity markets will consolidate gains this summer with chartists predicting that a sharp rise since March has run its course for now, but technical signals have set the stage for another rally into year-end.
IBTimes Logo

Vodafone reports in-line sales, reiterates outlook

Vodafone , the world's largest mobile phone firm by revenues, reported a slight decline in organic sales, in line with muted market expectations, as strength in India and Africa compensated for European weakness.
IBTimes Logo

Asia stocks run higher on upbeat data, earnings

Asian stocks hit a 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate earnings around the world.
IBTimes Logo

Porsche axes CEO, sets stage for VW merger

Sportscar maker Porsche conceded a months-long power struggle to mass-market rival Volkswagen by axing its CEO and said it would raise at least 5 billion euros ($7.1 billion) in equity as the two prepared for a merger.
IBTimes Logo

Wall St. seeks sunny forecasts in solar earnings

Investors are looking for signs of a recovery in solar panel demand when manufacturers report earnings in the coming weeks, though panel prices are still falling fast and earnings may not see a meaningful improvement until 2010.
IBTimes Logo

Chinese government boosts domestic solar power projects

The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.
IBTimes Logo

Row brews between Germany, GM over Opel buyer

Canada's Magna is still Germany's preferred bidder for carmaker Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors representatives to discuss the takeover offers.
IBTimes Logo

Germany backs Magna at start of Opel talks with GM

Canada's Magna (MGa.TO) is still Germany's preferred bidder for carmaker Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors representatives to discuss the takeover offers.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.