GERMANY

ING Finds Success in Online Banking

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As more and more people turn to the Internet to pay bills and shop for goods and services, Dutch financial services group ING has carved out a lead in what was once considered the most elusive of online services: banking.
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PM in South Africa to strengthen ties, discuss UN reforms

Indian Prime Minister Dr. Manmohan Singh who arrived in South Africa on Saturday, will, during his four-day visit, discuss major UN reforms with the South African President Thabo Mbeki, besides signing a number of bilateral agreements on a wide range of subjects including one on preferential trade, investment and energy cooperation.
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U.S. drops to 6th in world competitiveness ranking

The United States fell to sixth place in the World Economic Forum's 2006 global competitiveness rankings, ceding the top place to Switzerland, as macroeconomic concerns eroded prospects for the world's largest economy.
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Euronext denies report of NYSE vote postponement

Pan-European exchange operator Euronext on Monday denied it planned to postpone an extraordinary general meeting set for December, at which its shareholders are due to vote on a $10 billion plan to merge with NYSE Group .
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MAN to make Scania bid more attractive: WSJ

Germany's MAN AG is planning a more attractive bid to win over resistant shareholders of Swedish truckmaker Scania, the Wall Street Journal on Friday quoted MAN Chief Executive Hakan Samuelsson as saying.
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Volkswagen, union talks set to resume

Volkswagen and its German workers union are set to resume critical talks over planned wage cuts on Friday, overshadowed by a threat from its influential works council chief to break off the talks if no immediate progress is made.
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Merck, Nycomed stoke European drugs merger

Consolidation in Europe's drugs sector gathered steam on Thursday as Germany's Merck unveiled a $13.3-billion deal to buy Europe's top biotech firm Serono, and Denmark's Nycomed won the drugs unit of Altana.
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Germany's Merck to buy Serono for $13.3 bln

Germany drugmaker Merck KGaA unveiled a surprise 16.6-billion-Swiss franc ($13.3 billion) deal on Thursday to buy Swiss biotech firm Serono, creating a new force in European pharmaceuticals.
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Ethanex Energy to Produce Ethanol in Germany

Ethanex Energy Inc., a renewable energy company, said on Wednesday it has formed an alliance with the Industrial Investment Council, an investment agency funded by the German government. The IIC will work with the energy company to establish bio-ethanol facilities in Germany.
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CLS Aquires New Property in Germany

CLS Holdings Plc has announced today the completion of the acquisition of a portfolio of properties in Germany with a total consideration of £18,740,074, inclusive of all costs. All three properties are located in the Munich area.
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Oracle First-quarter Profit, Shares Soar

Oracle Corp. Chief Executive Larry Ellison showed his notorious competitive streak Tuesday, when the business software maker reported first-quarter profit jumped 29 percent and revenue soared 30 percent.
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IMF and World Bank to pursue internal reforms

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.
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IMF to pursue internal reforms, World Bank to follow

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.
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Top Banks Launch Rival Share Trading Data System

A group of nine of the world's biggest investment banks said on Tuesday they planned to set up a new system for reporting share trades, bypassing the major European stock exchanges and ahead of new European securities regulations due to come into force later this year.

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