Private bank Sal Oppenheim gets euro300 million in new capital, financed by Deutsche BankFRANKFURT — Sal. Oppenheim jr. & Cie. S.C.A. said Tuesday it has raised euro300 million ($423 million) in new capital — an injection financed by Germany’s Deutsche Bank AG, which is in talks to take a stake in the private bank. Lufthansa group July passenger levels rise 12 percent, helped by BMI, rising demandFRANKFURT — Deutsche Lufthansa AG said Tuesday that its group passenger numbers increased by 12 percent on the year in July, helped by small increases in demand in Europe and Asia and the consolidation of British carrier BMI. German printing press maker Heidelberg Druckmaschinen 1st quarter net loss widens to euro69 mlnFRANKFURT — German printing press maker Heidelberg Druckmaschinen AG said Tuesday its net loss for its fiscal first quarter widened 77 percent as the economic crisis curbed demand from publishers. Euro higher at $1.4173 in European morning trade as investors await latest Fed statementFRANKFURT — The euro rose against the dollar Tuesday as investors awaited the outcome of a two-day monetary policy meeting at the U.S. Federal Reserve. German insurer Allianz’s 2nd-quarter profit up 21 percent to €1.9 billionFRANKFURT — German insurer Allianz SE said Friday its second quarter net profit rose 21 percent as its life and health insurance business improved and said it was adjusting to the “new normal” of reduced returns. Germany’s BMW and Daimler see July car deliveries fall more than 10 percentFRANKFURT — Germany’s Daimler AG and BMW AG said Friday that their worldwide car sales fell by more than 10 percent in July as the global economic downturn curbed demand for luxury autos. German insurer Allianz’s 2nd-quarter profit up 21 percent to $2.7 billionFRANKFURT — German insurer Allianz SE said Friday its second quarter net profit rose 21 percent as its life and health insurance business improved and said it was adjusting to the “new normal” of reduced returns. German car maker BMW’s July sales fall 13 percent on the yearFRANKFURT — Germany’s BMW AG said Friday that its car sales were down 13 percent on the year in July as the global economic downturn curbed demand for its high-end vehicles. Sportswear company Puma’s 2nd-quarter profit down 16 percent to euro39 millionFRANKFURT — Sportswear maker Puma AG said Friday that its second-quarter net profit dropped 16 percent as higher operating costs and lower interest rates on investments weighed down its earnings. German insurer Allianz second quarter net profit rises 21 percent to euro1.9 billionFRANKFURT — German insurer Allianz SE said Friday its second quarter net profit rose 21 percent as its life and health insurance business improved and said it was adjusting to the “new normal” of reduced returns. British Central Bank expands program to increase money supply, shows caution about recoveryLONDON — The Bank of England surprised markets on Thursday with a significant expansion of its program to boost the money supply and support growth, even as it and the European Central Bank kept official interest rates steady at record lows. European Central Bank, Bank of England keep rates steady; Britain to expand monetary easingFRANKFURT — The European Central Bank and Bank of England left interest rates unchanged Thursday at record lows amid early signs of economic recovery but took different paths in efforts to increase money supply and boost growth. ECB holds steady at 1 percent; BoE keeps rate steady, expands purchase programFRANKFURT — The European Central Bank has left its benchmark interest unchanged at 1 percent, a record low. ECB likely to hold steady at 1 percent; BoE keeps rate steady, expands purchase programFRANKFURT — The European Central Bank was likely to keep interest rates the same Thursday amid early signs of economic recovery, while the Bank of England said it would expand its asset purchases aimed at increasing the money supply. Germany’s Commerzbank loses euro746 million ($1.07 billion) in 2QFRANKFURT — Germany’s Commerzbank AG Thursday reported a loss of euro746 million ($1.1 billion) for the second quarter as the effects of the financial crisis continued to weigh on Germany’s second largest lender. Germany’s Commerzbank reports 2Q net loss of euro746 millionFRANKFURT — Germany’s Commerzbank AG Thursday reported a loss for the second quarter as the effects of the financial crisis continued to weigh on Germany’s second largest lender. ECB, Bank of England expected to hold rates steady; eyes on BoE monetary easingFRANKFURT — Central banks for Europe and Britain are almost certain to keep their benchmark interest rates at record lows on Thursday amid early signs of economic recovery, while attention will focus on whether the Bank of England will hold back from further expanding the money supply. Germany’s Henkel sees 2nd-quarter net profit rise sharply, but sales fallFRANKFURT — Germany’s Henkel AG, the maker of Persil detergent and Loctite adhesive, said Wednesday that its second-quarter net profit rose sharply from a year earlier, when it took significant restructuring charges. However, sales were lower. Sportswear maker Adidas’ 2nd-quarter net profit falls 93 percent to euro9 millionFRANKFURT — Sportswear company Adidas AG said Wednesday that its second-quarter net profit fell 93 percent as currency effects and tough competition weighed on earnings. Shares of German exchange owner Deutsche Boerse slip 6 pct on 2Q results fallingFRANKFURT — German stock exchange operator Deutsche Boerse AG’s said its second-quarter net profit fell 34 percent from last year because investors weren’t trading as much. The company’s shares fell 6.5 percent. German consumer goods company Henkel 2Q net profit up sharply to euro143 millionFRANKFURT — German consumer goods company Henkel AG, maker of Persil detergent and Loctite adhesive, said Wednesday its net profit in the second quarter rose sharply from the year ago quarter, when it took significant restructuring charges. Deutsche Bank says it’s in partnership talks with Sal Oppenheim GroupFRANKFURT — Deutsche Bank AG may take a minority stake in private bank Sal. Oppenheim Group jr. & Cie. S.C.A. after confirming Wednesday the two are in talks on a “strategic partnership.” Reinsurer Munich Re’s Q2 profit jumps nearly 14 percent to euro691 millionFRANKFURT — German reinsurer Munich Re AG said Tuesday its second-quarter net profit rose nearly 14 percent on solid growth in premiums, better investment returns and a one-off gain from the sale of a stake in British insurer Admiral Group PLC. Germany’s Beiersdorf says Q2 profit falls 41 pct to euro87 million as recession bitesFRANKFURT — German consumer goods company Beiersdorf AG Tuesday said its second quarter net profit fell 41 percent amid falling consumer spending brought on by the global recession. Germany’s Fresenius SE sees 2nd quarter profit fall 2 percent to $157.3 millionFRANKFURT — German medical company Fresenius SE said Tuesday its net profit fell 2 percent on one-time effects despite improved sales during the second quarter. German retailer Metro reports 2nd quarter net profit of €48 million ($68 million)FRANKFURT — German retailer Metro AG made a net profit of €48 million ($68 million) in the second quarter, rebounding from a loss a year earlier, while it said it remains focused on expansion despite the global economic crisis. German retailer Metro reports 2nd quarter net profit of euro48 million ($68 million)FRANKFURT — German retailer Metro AG made a net profit of euro48 million ($68 million) in the second quarter, rebounding from a loss a year earlier, while it said it remains focused on expansion despite the global economic crisis. Euro rises to $1.4295 in early European afternoon trading as world markets edge higherFRANKFURT — The euro rose against the dollar Monday after recent reports out of the U.S. and China helped push equities and commodities higher. German industrial gas maker Linde’s 2Q net profit slides 38 percent on lower salesFRANKFURT — German industrial gas company Linde AG said Monday its net profit for the second quarter fell 38 percent, blaming one-time charges, a difficult market environment, and falling business volumes in the recession. German industrial gas maker Linde’s 1st-half profit down 34 percentFRANKFURT — German industrial gas company Linde AG said Monday that its net profit for the first six months of the year fell 34 percent, citing a difficult market environment and falling business volumes in the recession. |
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