BERLIN - German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a"deep" economic contraction inCountering the culture war with education and empathy | SaltWire #TransRights #HalifaxProtestBERLIN - German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a"deep" economic contraction in the...
"The HCOB composite PMI confirms our view that Germany has entered once again into contraction during the current quarter," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. He added that a"rather deep" 1.0% contraction on the quarter is forecast. The manufacturing PMI rose slightly to 39.8 from 39.1 in August but remained deep in contraction territory, the survey showed.
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Exclusive-German investment in China eases in H1 after record highBy Sarah Marsh BERLIN (Reuters) - German direct investment in China eased in the first half of the year albeit remaining close to its record high in ...
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Exclusive-German investment in China eases in H1 after record highGerman direct investment in China eased in the first half of the year albeit remaining close to its record high in 2022 and increasing as a share of the country's overall investment abroad, according to official data analysed by the IW institute. Investment in China dropped to 10.31 billion euros ($11.02 billion) in the first half of 2023 from 12 billion euros in the first half of last year, the IW said in an analysis shared exclusively with Reuters. The data underscores concerns that German firms continue to invest heavily in China despite the government's pleas for companies to reduce their exposure and its sharp cut in investment guarantees for the country.
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German Finance Chief Sees Slow Progress on EU’s Banking UnionGerman Finance Minister Christian Lindner signaled that Europe is unlikely to take rapid strides on forging closer ties between its fragmented banking markets, underlining his country’s hesitance about a project that bankers argue is crucial for cross-border mergers.
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