Germany

Dollar dips as traders await signals on more Fed hikes

Dollar dips as traders await signals on more Fed hikes

Published 23/06/2017

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

The dollar dipped to a four-day low against major currencies on Friday and the euro rose on the recent raft of robust data.

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VW waives appeal against German dieselgate compensation cases

VW waives appeal against German dieselgate compensation cases

Published 23/06/2017

FILE PHOTO: A Volkswagen VW car is seen at a car dealer in Bochum, Germany March 16,2016. REUTERS/Ina Fassbender/File Photo

German carmaker Volkswagen (VOWG_p.DE) has agreed to buy back diesel cars equipped with illicit emissions control software after deciding not to appeal a German court ruling backing plaintiffs' calls for compensation.

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Germans` purchasing power grows at slowest pace in more than three years

Germans` purchasing power grows at slowest pace in more than three years

Published 23/06/2017

FILE PHOTO: A woman checks vegetables at the Biocompany organic supermarket in Berlin, January 31, 2013. REUTERS/Fabrizio Bensch/File Photo

Germans' purchasing power increased in the first quarter at its weakest rate in more than three years as inflation accelerated in Europe's largest economy, data from the Federal Statistics Office showed on Friday.

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German private sector growth slows more than expected in June: PMI

German private sector growth slows more than expected in June: PMI

Published 23/06/2017

FILE PHOTO: A woman is pictured at work at the Ford Fiesta assembly line in Cologne, Germany, January 6, 2016. REUTERS/Wolfgang Rattay/File Photo

Germany's private-sector grew at a slower pace in June, a survey showed on Friday, mainly weighed down by weaker activity in the services sector, where the rate

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Australian banks face `Pandora`s box` of taxes after state hike

Australian banks face `Pandora`s box` of taxes after state hike

Published 23/06/2017

The logo of National Australia Bank adorns their headquarters building in central Sydney, Australia June 22, 2017. REUTERS/David Gray

A second Australian state on Friday said it was open to charging its own bank tax, raising fears the federal government has opened a "Pandora's box" by slapping a A$6.2 billion ($4.7 billion) levy on major lenders in its May budget.

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Asian shares flat, stay on track for a winning week

Asian shares flat, stay on track for a winning week

Published 23/06/2017

A stock quotation board displaying Japan's Nikkei average is seen before a ceremony marking the end of trading in 2016 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2016. REUTERS/Toru Hanai

Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows.

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German teen suspected of shooting toy gun at Thai king

German teen suspected of shooting toy gun at Thai king

Published 22/06/2017

German prosecutors said on Wednesday they were investigating a 14-year-old boy suspected of shooting plastic bullets from a toy gun at the King of Thailand who was cycling near Munich this month. The king was not hurt.

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Trump`s coal plan sends U.S. energy “back to the past”: Vatican

Trump`s coal plan sends U.S. energy “back to the past”: Vatican

Published 16/06/2017

Saint Peter's Basilica at the Vatican is silhouetted during sunset in Rome, March 11, 2013. Roman Catholic Cardinals will begin their conclave inside the Vatican's Sistine Chapel Tuesday to elect a new pope. REUTERS/Paul Hanna

U.S. President Donald Trump is sending U.S. energy production "back to the past" with disastrous decisions to withdraw from the Paris climate agreement and to promote the coal industry, a senior Vatican official said on Friday.

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ECB`s bond buys` impact on inflation disappointing: Knot

ECB`s bond buys` impact on inflation disappointing: Knot

Published 14/06/2017

FILE PHOTO: A huge Euro logo is pictured by the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011. REUTERS/Ralph Orlowski/File Photo

The impact of the European Central Bank's 2.3 trillion asset purchase program on inflation has been disappointing, Dutch central bank chief Klaas Knot, a long-time critic of the bond buying scheme, said on Wednesday.

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European shares get tech support, Hexagon soars on M&A talk

European shares get tech support, Hexagon soars on M&A talk

Published 14/06/2017

FILE PHOTO: A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain August 24, 2015. REUTERS/Suzanne Plunkett/File Photo

Recovering technology stocks gave European shares another leg up on Wednesday, while deal chatter sent Sweden's Hexagon soaring to a record high.

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