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 GERMAN BUSINESS NEWS

  Friday, 25-Jul-2014 16:34 EDT
ECB says European banks still vulnerable
FRANKFURT, Germany, Dec. 9 (UPI) -- The European Central Bank said Thursday banks in Europe remain vulnerable due to sovereign debt issues, but they are healthier than six months ago.

ECB holds bank-to-bank lending rate intact
FRANKFURT, Germany, Dec. 2 (UPI) -- The European Central Bank said Thursday it would leave its bank-to-bank overnight lending rate intact at 1 percent.

Germany criticizes U.S. Fed
BERLIN, Nov. 5 (UPI) -- German Finance Minister Wolfgang Schauble harshly criticized the U.S. Federal Reserve's $600 billion quantitative easing program announced Wednesday.

European banks keep lending rates steady
FRANKFURT, Germany, Nov. 4 (UPI) -- Central banks in London and Frankfurt Thursday elected to keep lending rates intact at historically low rates.

BMW recalls 150,000 for fuel pump problems
NEW YORK, Oct. 26 (UPI) -- BMW of North America said Tuesday that problems with high pressure fuel pumps in various 2007 through 2010 models prompted them to recall 150,000 vehicles.

ECB and BOE leave lending rates intact
FRANKFURT, Germany, Oct. 7 (UPI) -- Two key central banks in Europe, the Bank of England and the European Central Bank, left their historically low lending rates intact Thursday.

BMW recalls 350,000 vehicles
German automaker BMW said it would recall 350,000 vehicles due to a potential leak in the power braking system of various models.

Saab, BMW may sign partnership deal
TROLLHATTAN, Sweden, Sept. 27 (UPI) -- Struggling Swedish automaker Saab and German car company BMW are close to a deal to share technology, European media reported Monday.

Siemens circuit breakers recalled
WASHINGTON, Sept. 24 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Siemens and Murray circuit breakers due to a fire hazard.

Two landesbanks merger talks
DUSSELDORF, Germany, Sept. 20 (UPI) -- German bank WestLB said it was considering a merger with landesbank BayernLB, which would put the bank in compliance with a government bailout agreement.

China fueling surge in German economy
VERL, Germany, Sept. 18 (UPI) -- The German economy is enjoying an economic surge because of its successful efforts to sell products in China, a German executive says.

Kuchar battles virus, still leads BMW
Matt Kuchar, weakened by a virus and resting at every opportunity, rallied on the back nine Friday to grab a share of the lead at the BMW Championship.

Given uncertainty, ECB leaves rate alone
FRANKFURT, Germany, Sept. 2 (UPI) -- The European Central Bank said Thursday it would keep its lending rate unchanged at 1 percent.

Lending rates in Europe unchanged
FRANKFURT, Germany, Aug. 5 (UPI) -- The European Central Bank and the Bank of England Thursday said their historically low lending rates would remain unchanged for another month.

ECB president confident in Europe
FRANKFURT, Germany, July 9 (UPI) -- European Central Bank President Jean-Claude Trichet said it was unlikely the European Union was headed toward a second severe downturn.

Banks in Europe keep rates unchanged
FRANKFURT, Germany, July 8 (UPI) -- Two central banks in Europe said Thursday they would keep their historically low bank-to-bank lending rates intact for another month.

GM withdraws requests for aid in Europe
BERLIN, June 16 (UPI) -- Automotive giant General Motors Co. said Wednesday it would withdraw its requests for $2.2 billion in aid to restructure its European operations.

European banks keep low lending rates
FRANKFURT, Germany, June 10 (UPI) -- Policy makers at the European Central Bank and the Bank of England said Thursday they would keep their low overnight lending rates unchanged.

Volkswagen has Polo for Russian market
WOLFSBURG, Germany, June 3 (UPI) -- Automaker Volkswagen said it customized a car for the Russian market that has a low price tag and enough clearance to survive the country's potholes.

Report spells out European bank woes
FRANKFURT, Germany, June 1 (UPI) -- A biannual report on European banking warned that bad loans, government debt and slow economic growth were rattling the financial sector.

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