Bernanke applauds central banks abroad
FRANKFURT, Germany, Nov. 14 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke used an appearance in Frankfurt, Germany, Friday to highlight international banking cooperation.
Commerzbank jumps into bailout program
FRANKFURT, Germany, Nov. 3 (UPI) -- Germany's second largest bank, Commerzbank, said it would participate in the government's bailout plan, asking for $10.5 billion in assistance.
Porsche to ease demand on Volkswagen stock
STUTTGART, Germany, Oct. 29 (UPI) -- German automaker Porsche Automobile Holding said it would sell a portion of its Volkswagen stock to ease demand resulting from a short squeeze.
European automakers schedule cutbacks
LEIPZIG, Germany, Oct. 27 (UPI) -- German and French carmakers have said they would shut down plants temporarily in reaction to the economic slowdown.
Steinbrueck: Financial crisis end distant
BERLIN, Oct. 25 (UPI) -- German Finance Minister Peer Steinbrueck says the world's ongoing economic malaise likely will not end until late 2009.
Germany accused of isolationism
FRANKFURT, Germany, Oct. 24 (UPI) -- A former German foreign minister said Germany's response to the current world financial crisis was too isolationist.
Bavarian bank accepts Germany's help
MUNICH, Germany, Oct. 22 (UPI) -- Germany's second largest regional bank will be the first to participate in the country's $642.5 billion bailout package, a Bavarian official said.
Google loses German copyright lawsuit
HAMBURG, Germany, Oct. 15 (UPI) -- A German court ruled Tuesday Google must get permission from the owner or creator of an art work before displaying it.
Germans jolted by Lehman Brothers payment
FRANKFURT, Germany, Sept. 19 (UPI) -- German officials threatened consequences for a state-owned bank that transferred $500 million to Lehman Brothers Holdings hours before it collapsed.
European Central Bank tries to calm nerves
FRANKFURT, Germany, Sept. 17 (UPI) -- The European Central Bank has been infusing the financial system with cash to try to stabilize European financial markets and restore consumer confidence.
Deutsche Bank agrees to $3.9 billion buy
FRANKFURT, Germany, Sept. 12 (UPI) -- The Deutsche Bank in Germany said it agreed to buy 30 percent of Postbank, a subsidiary of Deutsche Post, for about $3.9 billion in cash.
Villegas Leads BMW Championship
Camilo Villegas led after one round of the BMW Championship Friday, becoming the most likely candidate to derail Vijay Singh's bid for the FedEx Cup.
Big job cuts could follow Dresdner sale
BERLIN, Aug. 30 (UPI) -- The imminent sale of the German investment firm Dresdner Kleinwort could put thousands of jobs at risk, sources say.
Economy slowing new car models in Europe
OBERPFAFFENHOFEN, Germany, Aug. 17 (UPI) -- Several European automakers are putting the brakes on planned rollouts for new models until the global economy improves, auto industry analysts said.
VWs popular in China
BEIJING, Aug. 17 (UPI) -- China is expected to become Volkswagen's No. 1 market this year, surpassing even its home turf in Germany, the automaker says.
Eurozone economy shrinks 0.5 percent
FRANKFURT, Germany, Aug. 15 (UPI) -- The economy in the 15-member Eurozone shrank in the second quarter with the largest economies turning listless or showing contraction, data show.
BMW recalls 200,000 vehicles
WOODCLIFF LAKE, N.J., Aug. 14 (UPI) -- BMW of North America said it was recalling 200,000 model year 2004-2006 vehicles due to a problems with the passenger-side air bag sensors.
Deutsche Bank posts second-quarter profits
FRANKFURT, Germany, July 31 (UPI) -- Deutsche Bank, the largest bank in Germany, posted $1 billion in profits in the second quarter in spite of massive write downs, the bank said.
Tennessee becomes auto hub
CHATTANOOGA, Tenn., July 27 (UPI) -- A planned influx of auto industry jobs in Chattanooga could help the Tennessee state economy, experts say.
Volkswagen to build plant in Tennessee
CHATTANOOGA, Tenn., July 15 (UPI) -- Volkswagen AG said Tuesday it would build a $991.4 million automobile plant in Chattanooga, Tenn.
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