Germany

Germany News

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  EU Leaders Shift Crisis Focus to Growth

  Updated 13 minutes ago

  European leaders declared a turning point in the Greece-fueled debt crisis, shifting their focus away from the budget-cutting spree that has dominated two years of rescue operations.

• Germany’s Note Yields Fall Most in Two Months After Retail Sales Decline

  Updated 39 minutes ago

  Germany’s bonds rose, pushing down two-year yields by the most in two months, as an unexpected decline in the nation’s retail sales stoked concern the debt crisis is weighing on the region’s recovery.

• Nordic Sugar Managing Director Olsen Will Step Down This Month

  Updated 32 minutes ago

  Nordic Sugar A/S, a Danish unit of Germany’s Nordzucker AG, said Thomas B. Olsen is resigning as managing director.

• Crude Drops for First Time in Three Days as Saudis Deny Report of Damage

  Updated 38 minutes ago

  Oil fell for the first time in three days after Saudi Arabia denied a report of a pipeline explosion in its Eastern province and as the dollar headed for its biggest weekly gain in almost two months.

• Stocks Rise in Europe as Benchmark Stoxx 600 Index Heads for Weekly Gain

  Updated 39 minutes ago

  European stocks advanced, heading for a weekly gain, as policy makers declared a turning point in the sovereign-debt crisis and shifted their focus to pulling the region out of a recession.

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  Euro Weakens, German Bunds Advance on Spain Target as S&P 500 Fluctuates

  Updated 44 minutes ago

  The euro weakened and German bunds gained, while U.S. stocks were little changed, as Spain raised its budget-deficit target for 2012 and German retail sales unexpectedly declined. Bond risk rose and oil declined.

• Iberdrola Invests 0.4% of Sales in R&D as Spain’s GDP Lags

  Updated 37 minutes ago

  Iberdrola SA, Spain’s biggest power company, spent 0.4 percent of its revenue on research, development and innovation last year as it urged the government to cut clean energy subsidies and ease costs to utilities.

• Canadian Mining Stocks Retreat as German Retail Sales Decline

  Updated 1 hour, 7 minutes ago

  Canadian stocks fell, heading for a weekly retreat, as mining stocks dropped with the euro after Germany reported a decline in retail sales and oil futures slipped as Saudi Arabia denied speculation of pipeline sabotage.

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  Cash Hoard Expands by $187 Billion in Untaxed Offshore Corporate Accounts

  Updated 1 hour, 10 minutes ago

  U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their offshore holdings by 18.4 percent, according to data compiled by Bloomberg.

• Mexican Peso Declines as Europe Extends Global Growth Concern

  Updated 1 hour, 7 minutes ago

  Mexico’s peso fell the most in a week after Spain raised its budget deficit target for 2012, fueling concern a slowdown in the euro-region will damp global expansion.

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