Frankfurt
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VW to buy Karmann assets, create new modelFrankfurt -- German carmaker Volkswagen AG said Friday it will buy some assets of German contract carbuilder Wilhelm Karmann GmbH to create a new manufacturing subsidiary that will eventually build a new car model. Volkswagen said it will... In this article: Volkswagen Group, Karmann, Karmann Ghia, Martin Winterkorn, Frankfurt, Joint venture, Wolfsburg, and Beetle |
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washingtonpost.com | 1 day ago
Trichet warns banks risk addiction to support
...cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday. Financiers from the head of Deutsche Bank <DBKGn. DE> to the...
In this article: Axel Weber, Jean-Claude Trichet, Bundesbank, Deutsche Bank, Inflation, and Juergen Stark
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Reuters | 1 day ago
UPDATE 3-Investors ask Goldman to be less greedy-WSJ
...crisis to force large companies to accept a "say on pay" by shareholders. (Writing by Lisa Jucca and Supantha Mukherjee, additional reporting by Eva Kuehnen in Frankfurt and Steve Eder in New York; Editing by David Cowell and Steve Orlofsky)
In this article: Goldman Sachs, NEW YORK, United States, Corporate governance, Lehman Brothers, and Credit Suisse
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washingtonpost.com | 1 day ago
Oil slips towards $77 as dollar gains
...risk appetite and equity movements are the main drivers for oil at the moment," said Carsten Fritsch, oil analyst at Commerzbank in Frankfurt. For the last month oil prices have traded mainly between $75 and $80 a barrel as mixed...
In this article: United States, Wall Street, Unemployment, Conference Board, Commerzbank, Barclays Capital, and Asia
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Reuters | 1 day ago
German FinMin warns of new financial crisis risks
...good way off a self-sustaining recovery," he said according to the text of a speech for delivery at the European Banking Congress in Frankfurt. Turning to economic support measures used to combat the crisis, he said that even though these...
In this article: Wolfgang Schaeuble, Europe, and Germany
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AP Online | 1 day ago
GM to release plan for European units in December
...operations reported 2008 revenue of $34 billion and a market share of 9.4 percent, with a sales presence in more than 30 European countries. GM Europe recently said it will move its headquarters to Ruesselsheim, near Frankfurt, from Zurich.
In this article: GM, GM Europe, European Union, Angela Merkel, Opel, Revenue, Sberbank, and Magna International Inc.
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washingtonpost.com | 1 day ago
Investors ask Goldman to be less greedy: report
...than per-share earnings. Goldman could not be immediately reached for comment outside regular U.S. business hours. Writing by Lisa Jucca and Supantha Mukherjee, Additional reporting by Eva Kuehnen in Frankfurt; Editing by David Cowell)
In this article: United States, Morgan Stanley, Corporate governance, Lehman Brothers, Goldman Sachs, and Credit Suisse
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Reuters | 1 day ago
Overnight deposits at ECB retreat, borrowings rise
...page <ECB59> after the purchases settle, which takes 2-3 days. For details of previous ECB overnight lending operations please go to the ECB web site: http://www.ecb.int/stats/monetary/res/html/index.en.html (Reporting by Frankfurt newsroom)
In this article: Issuing bank, Balance sheet, and Reuters
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Reuters | 2 days ago
Europe shares end 1.6 pct lower; tech stocks slip
...fell, with the VDAX-NEW volatility index <. V1XI> rising 3.3 percent. The higher the index, which is based on sell and buy options on Frankfurt's top-30 stocks <0#. GDAXI>, the lower the market's desire to take risk. The FTSEurofirst 300...
In this article: Semiconductor, Commerzbank, Credit Agricole, Alcatel-Lucent, Ericsson, Europe, Deutsche Bank, Credit Suisse, and UBS
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AP Online | 3 days ago
A look at economic developments around the globe
...for its 17 billion pound ($28.6 billion) government capital injection due to plans to sell off more than 600 retail banking branches FRANKFURT - European Central Bank President Jean-Claude Trichet urged European insurers and pension...
In this article: Jean-Claude Trichet, Wen Jiabao, Bank of England, European Union, Tokyo, Barack Obama, and China
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scotsman.com - Latest Scottish News | 6 days ago
Salmond promotes financial industry
...reputation for financial services at a major European event. The First Minister will lead a Scottish delegation to Euro Finance Week in Frankfurt, Germany. The event, which gets under way on Monday, is the largest financial services...
In this article: Alex Salmond, Scotland, Europe, Competitive advantage, and Deutsche Bank
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Description from Wikipedia:
Frankfurt am Main (German: IPA: /[ˈfʁaŋkfʊɐtʰ]/, English: IPA: /[ˈfɹæŋkfɜːt]/) is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2008 population of 670,000. The urban area had an estimated population of 2.26 million in 2001. The city is at the centre of the larger Frankfurt Rhine Main Region which has a population of 5.3 million and is Germany's second largest metropolitan area.
Situated on the River Main, Frankfurt is the financial and transportation centre of Germany and one of the two largest financial centres in continental Europe, the other being Paris. It is the place of residence of the European Central Bank, the German Federal Bank, the Frankfurt Stock Exchange and the Frankfurt Trade Fair, as well as several large commercial banks. Frankfurt International Airport is one of the world's busiest airports, Frankfurt Central Station is one of the largest terminal stations in Europe, and the Frankfurter Kreuz (Autobahn interchange) is the most heavily used interchange in continental Europe. Frankfurt is the only German city listed as one of ten Alpha world cities.
Frankfurt has an excellent transportation infrastructure, and the Frankfurt International Airport is a major European aviation hub. Its central location at the heart of Europe and its excellent accessibility by air, rail and road make Frankfurt Airport City especially attractive.
In addition, many large trade fairs are held in Frankfurt each year, notably the Internationale Automobil-Ausstellung, the world's largest motor show, and the Frankfurter Buchmesse, the world's largest book fair.
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