Germany
Europe markets rally to start the week on a positive note; auto supplier Continental up 7%
There are no winners if Trump imposes universal tariffs, Citi strategist says President-elect Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov. 6, 2024. Jim Watson | AFP | Getty Images Donald Trump’s pledge to impose universal tariffs on all imports into […]
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Germany appoints new finance minister as pressure for quick snap elections mounts
Olaf Scholz, Germany’s chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Islam Safwat | Bloomberg | Getty Images Jörg Kukies was appointed as Germany’s new finance minister on Thursday, as pressure mounts on Chancellor Olaf […]
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European markets trade higher as Trump win settles in; Fed, BoE decisions in focus
Climate change prevention is critical for insurers, CFO says Climate change prevention is becoming far more significant for insurance companies as they face rising losses from destructive weather events, such as hurricanes and floods. Zurich Insurance Group’s Chief Financial Officer Claudia Cordioli told CNBC that the insurer had seen “very severe cat [catastrophe] and weather […]
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German Chancellor Olaf Scholz fires Finance Minister Christian Lindner, leaving ruling coalition in disarray
German Chancellor Olaf Scholz and Finance Minister Christian Lindner in the Bundestag on June 26, 2024 in Berlin, Germany. Michele Tantussi | Getty Images News | Getty Images Chancellor Olaf Scholz announced Wednesday he had dismissed Finance Minister Christian Lindner, possibly bringing an end to Germany’s ruling coalition after months of political wrangling. The three-year-old […]
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European stocks head for lower open as global markets focus on U.S. vote count
Novo Nordisk quarterly profit meets expectations Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance. The Danish pharmaceutical giant said that its […]
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European markets little changed as traders focus on U.S. Election Day; Schroders falls 11%
Schroders shares tumble 13% after third-quarter trading update Shares of Schroders tumbled by more than 13% soon after markets opened on Tuesday, hitting levels last seen in March 2020, according to LSEG data. Schroders on Tuesday reported quarterly net outflows of client funds worth £2.3 billion ($2.99 billion). The company attributed this to market volatility […]
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Germany’s government is on the brink of collapse — here’s what could happen now
German Finance Minister Christian Lindner, Economy and Climate Action Minister Robert Habeck and Chancellor Olaf Scholz attend debates about the 2024 federal budget at the Bundestag on January 31, 2024 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s ruling coalition has long been on shaky ground, amid increasing divisions over […]
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European leaders breathe a sigh of relief as pro-EU candidate wins Moldova election
Moldova’s President Maia Sandu in 2020 in central Chisinau. Bogdan Tudor | Afp | Getty Images European leaders congratulated pro-Western incumbent Maia Sandu on winning a runoff vote in Moldova’s presidential election over the weekend, with the result seen as further step on the former Soviet republic’s road to integration with the bloc. The second […]
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European markets set for lackluster open as traders continue to focus on earnings
Novartis sales rise 10% in third quarter, raises guidance Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty Images Novartis reported 10% sales growth and 20% core operating income growth in its third-quarter results Tuesday, prompting the Swiss pharmaceutical […]
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European markets rise as trading begins; Philips shares tumble more than 12%
European markets rise as trading kicks off European markets were higher as trading began on Monday, with the pan-European Stoxx 600 last adding 0.24% at 8:15 a.m. London time. Travel and leisure stocks were up around 1.1%, while oil and gas stocks lost 1.7%. Regional bourses were also mostly higher with France’s CAC 40 adding […]
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