German Finance

Germany works on sustainable criteria for investing pension assets in fixed income securities | New

The German government is examining the possibility of applying sustainability principles to fixed-income benefits of pension and social security workers, a spokesperson for the Federal Interior Ministry told IPE. The government is investing pension assets in a sustainable manner, taking into account the requirements of the Paris Agreement, he added. …

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October 15 updates: UK MP dies after stabbing, FDA advisers approve J&J Covid booster injections, declining confidence in Biden’s policies weighs on US consumer sentiment

Covid-19 testing operations at a private laboratory in central England have been suspended after thousands of people received negative PCR test results that did not match a rapid antigen test. The lab’s testing operations came to the attention of the NHS Test and Trace unit after reports were raised that …

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IMF chief economist backs German debt brake exemptions, Handelsblatt reports

BERLIN (Reuters) – Germany should apply its debt brake more flexibly and suspend it again if necessary to encourage investment, especially in green technologies and digitization, the Fund’s chief economist said international monetary policy in the Handelsblatt business daily. “Investments in green technologies and digitization are essential to create sustainable …

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German coalition discusses tensions over money sharing

(Bloomberg) – Olaf Scholz’s candidacy to succeed Angela Merkel as German Chancellor is about to undergo a critical test as the two potential junior partners clash over fiscal policy ahead of a series of coalition talks this week. Bloomberg’s Most Read In a sign of the challenges ahead, Greens co-leader …

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Red flag: the grim past of the future German chancellor

After winning 25% of the elections, Olaf Scholz has a good chance of becoming the next German Chancellor. The Social Democratic politician has long been known as the Scholzomat: while his rivals have faced humiliating blunders, Scholz continues to utter the same old platitudes. His android-like diction would be a …

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European industry tilts under worsening energy pressure

(Bloomberg) – European industry nears breaking point as the region’s energy crisis worsens day by day. Bloomberg’s Most Read Electricity and gas prices are hitting new records almost daily, and some energy-hungry companies have temporarily shut down their operations because they are becoming too expensive to operate. As winter approaches …

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Angela Merkel has left German CEOs hanging on a bunch of issues. They want the next chancellor to address 3 now

If there’s one thing German business leaders agree on after Sunday’s election resultis the urgent need to form a coalition government capable of tackling a long list of outstanding issues left behind after Angela Merkel’s 16 years as Chancellor. Germany needs “courageous structural reforms” to strengthen its economic competitiveness – …

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ESG’s wild west ripe for crackdown, seasoned investor says

Breadcrumb Links PF Finances ESG pioneer Matt Patsky believes that only a fraction of current ESG assets are bona fide sustainable investments Author of the article: Bloomberg News Saijel Kishan US and German regulators are investigating Deutsche Bank AG’s investment unit after its former chief sustainability officer accused it of …

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German TÜV Süd “shies away from responsibility” for dam failure in Brazil in 2019, court says

* TÃœV Süd certified “hazardous” tailings dam, according to civil complaint * Dam rupture killed 270 in Brazil’s deadliest dam collapse * TÃœV Süd denies any responsibility, regrets the disaster By Alexander Hübner MUNICH, Sept.28 (Reuters) – German industrial inspector TÃœV Süd was accused on Tuesday of evading responsibility for …

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Germany’s leadership gap – POLITICO

Mujtaba Rahman is the head of the Europe practice of the Eurasia Group and the author of POLITICS‘s Beyond the Bubble Column. He tweets to @Mij_Europe. Although the German election results leave Europe’s largest economy in a state of uncertainty, the big picture is already clear: whoever the next Chancellor …

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UK issues fine in Valerie pastry scandal – POLITICO

LONDON – The UK’s Financial Reporting Council on Monday announced it had fined Grant Thornton, the auditor of the failing hotel chain Patisserie Valerie, for missing signs of potential accounting fraud. While the official amount is £ 4million, the FRC noted he reduced the sum to £ 2.3million. The scandal …

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FOCUS-German automotive giants rely on hydrogen cars

By Nick Carey MUNICH, Sept. 22 (Reuters) – Battery power could be the precursor to becoming the automotive technology of the future, but let’s not rule out neglected hydrogen. This is the view of some major automakers, including BMW and Audi, who are developing prototypes of hydrogen fuel cell passenger …

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A calm economic calendar to further test the support

Thursday 23rd September Spanish GDP (QoQ) (Q2) French manufacturing PMI (sept.) Prélim French Services PMI (Sept.) Prélim German manufacturing PMI (sept.) Prelim. German services PMI (sept.) Prélim. Euro zone manufacturing PMI (sept.) Prelim. Euro zone Markit Composite PMI (sept.) Prélim. Eurozone Services PMI (Sept.) Prelim. Friday 24e September German Ifo …

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Deutsche Bank CEO apologizes after critical analyst report

(Bloomberg) – Deutsche Bank AG CEO Christian Sewing has apologized to Germany’s finance ministry and the country’s top regulator for the scathing criticism from one of the company’s research analysts, seeking to avoid tensions with two of its most important stakeholders ahead of elections this month. Analyst Jan Schildbach – …

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German Blue-Chip Index Adds New Companies As It Tightens Rules

The finance executives of blue-chip German companies face tighter oversight and governance requirements following the overhaul of the German DAX index of top companies, which will be expanded to 10 companies this month. The changes were sparked by the scandal surrounding electronic payment company Wirecard AG, which was kicked from …

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Asia – don’t ignore Europe | Opinion

Woof Woof The US-centric and USD-centric nature of Asia was well highlighted during our morning sell / trade conference today. After my usual opening salute covering everything and everything I thought was relevant for the day ahead, including all the ECB news, it was interesting to note that most of …

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Singapore opens travel bubble to Germany, Brunei, Hong Kong

Vaccinated tourists from Hong Kong, Macau, Germany and Brunei will soon be allowed to enter the country without the need to enter quarantine, but some restrictions still apply. Video / Mediacorp Singapore has announced that it will reopen its borders to allow entry of vaccinated tourists from various destinations, including …

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‘Theoretically impossible’ for football clubs outside the ‘Big Six’ to win the Premier League – as financial fair play rules come under scrutiny | UK News

Manchester City’s signing of £ 100million Jack Grealish is the most expensive transfer in Premier League history – but it could still be shattered in a summer of astronomical spending by the richest football clubs in the world. ‘England. the agreement that puts water to the eye broke the previous …

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UPDATE 2-German bond yields rise after US job surprise

(Redesign, add details, update prices) By Yoruk Bahceli Aug 6 (Reuters) – German bond yields rose on Friday after stronger-than-expected US employment data for July, but the rise lagged US Treasuries, pushing the yield spread between 10-year bonds from countries at the widest point since June. The data, which shows …

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Ascent Solar announces new $ 10 million financing agreement with German controlling shareholder

THORNTON, CO, Aug 5, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Ascent Solar Technologies, Inc. (OTC-PK: ASTI), developer and manufacturer of advanced, lightweight and flexible thin-film photovoltaic (PV) solutions, announces the signing of a new financing agreement with BD 1 Investment Holding , LLC (“BD 1”), the investment holding arm …

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Germany to allow mobile operators to issue flood warnings

BERLIN, July 23 (Reuters) – Germany will allow mobile operators to broadcast emergency SMS warnings to specific geographic regions, a technology that has been around for decades but which Germany has always resisted for reasons of confidentiality. The government has faced growing calls to activate the technology since the catastrophic …

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Flood hit Bavaria as German death toll climbs to 156

FRANKFURT, July 18 (Reuters) – Flash floods hit southern Germany on Sunday, killing at least one and deepening devastation after flooding in the country this week, which killed more than 150 people. The district of Berchtesgadener Land in Bavaria, which borders Austria, became the latest region to be hit by …

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EU suspends digital levy plan to focus on global taxation

BRUSSELS – In a gesture of goodwill towards the United States, the European Union on Monday suspended its digital tax levy project to focus on finalizing the comprehensive minimum corporate tax decision approved by the Group of 20 nations this weekend. Facing criticism from U.S. Treasury Secretary Janet Yellen, the …

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Child Tax Credit Fourth Stimulus Check and Live Updates: Is It Happening in July? Tax refund, opt-out portal, eligibility …

Securities: –Child tax credit payments for 39 million eligible families to start sending on July 15. (All the details) -Biden reaffirms his commitment to expanded permanent child tax credit. (All the details) -The Biden fires Andrew Saul, appointed by the Trump Social Security Administration. (Full story) -Change.org petition for recurring …

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ECB’s new strategy is a welcome update

The European Central Bank has long distinguished itself in the ranks of the world’s central banks for its hawkish inclination. The central bank’s mandate for price stability – enshrined in an international treaty – has been interpreted as calling for inflation to remain close to but below 2%. The result …

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Genpact expands in Germany

In response to market demand for AI-powered business process optimization, the global leader in professional services is expanding locally to serve clients in key industries MUNICH, June 30, 2021 / PRNewswire / – Genpact (NYSE: G), a global professional services company focused on digital transformation, further expands operations into Germany …

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Financial watchdog bans Binance crypto exchange from UK

The move suggests a crackdown on the cryptocurrency industry (Getty Images) Brittany Financial conduct authority (FCA) said that Binance, one of the largest cryptocurrency stock exchanges, is not authorized to exercise any regulated activity in the UK. the watch dog said in a statement that Binance, which is part of …

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EU, US can resolve metals tariff dispute by year-end

By Andrea Shalal WASHINGTON (Reuters) – The United States and the European Union could settle a dispute over U.S. tariffs on steel and aluminum by the end of the year, Germany’s Economy Minister said on Thursday Peter Altmaier, following a meeting with senior US trade official Katherine Tai. Altmaier said …

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A week in review – 06/18/21

Major It was a bearish week for the majors in the week ending the 18the June, with a Friday clearance sale wreaking havoc. The DAX30 and EuroStoxx600 ended down 1.56% and 1.16% respectively, with the CAC40 falling 0.48%. As economic data influenced the week, a more hawkish-than-expected FED weighed on …

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Hong Kong’s trade position weakens

(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.) A woman takes photos in front of high-rise buildings in the central financial district after sunset in Hong Kong, China on March 30, 2021. REUTERS / Lam Yik – RC2NLM99HBBA HONG KONG (Reuters Breakingviews) – The Hong …

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Bankers hesitate to leave London

Photo: Shutterstock The movement of bank interests from London to locations within the EU has hit a stumbling block: UK-based employees often don’t want to move. According to a report by Bloomberg JP Morgan Chase, Goldman Sachs and Nomura Holdings have struggled to convince traders to relocate overseas, with Frankfurt …

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