Frankfurt News
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Updated 13 minutes ago
Commerzbank AG, Germany’s second- largest lender, said it agreed with labor representatives to eliminate about 5,200 jobs by 2016 to bolster profit.
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Updated 28 minutes ago
Deutsche Post AG, Europe’s largest mail service, is adding parcel centers and delivery sites with automation equipment to speed dispatching as a boom in online shopping may lift deliveries to more than 1 billion this year.
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H. Lundbeck A/S, the Nordic region’s second-largest drugmaker, was fined 93.8 million euros ($125.6 million) by the European Union in its first case over pay-for- delay deals that held back sales of cheaper generic drugs.
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Updated 17 minutes ago
Vodafone Group Plc raised its preliminary offer to buy Kabel Deutschland Holding AG to about 7.5 billion euros ($10 billion) to persuade Germany’s largest cable company to enter talks, said people familiar with the bid.
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Updated 1 hour, 8 minutes ago
Deutsche Annington Immobilien AG, Germany’s largest residential landlord, plans to raise about 1.1 billion euros ($1.5 billion) in the second initial public offering in the country’s real estate industry this year.
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Germany’s commercial links to China give Frankfurt an advantage over other financial centers competing to become yuan trading hubs, said Deutsche Bank AG co- Chief Executive Officer Juergen Fitschen.
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Banks should be allowed to repackage assets such as loans and sell them on to investors to maintain the flow of credit to the economy, said Deutsche Bank AG co- Chief Executive Officer Juergen Fitschen.
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Updated 33 minutes ago
Global telecommunications companies are chasing deals from Kansas to Munich in a quest for revenue growth that could lead to the biggest year for mergers in the industry since at least 2006.
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German stocks fell, after three days of gains, as investors awaited the outcome of a Federal Reserve meeting for signs of the central bank’s plan for stimulus.
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Updated 57 minutes ago
The head of Denmark’s biggest bank is questioning predictions that corporate bonds will replace traditional bank lending even as his own regulator adds to the cost of providing loans to businesses.
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