Third quarter was difficult for KarstadtQuelle, chairman says
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The adverse publicity surrounding the drastic overhaul of troubled retailer KarstadtQuelle dented consumer confidence and therefore made the group's third-quarter business &quot;difficult,&quot; chairman Christoph Achenbach said in a newspaper interview.
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The electronics retailer has a tough quarter, as expected.
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LONDON, November 11  - Germany witnessed a slowdown in its economic growth momentum during the third quarter this year, with the nation&#39;s GDP growth rate declining to 0.1% from the relatively robust growth rate of 0.4% in the first two
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Bundesbank president Axel Weber was quoted in a newspaper interview on Sunday expressing his concerns about inflationary pressures in Germany and his fears the annual price rise may hit 3 percent by the end of the year.
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Germany s economy, Europe s largest, grew at the slowest pace in more than a year in the third quarter as exports declined and an increase in domestic demand failed to make up the difference.
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The French economy hit a rough patch in the third quarter, throwing the government's full-year growth target into question amid signs of an economic slowdown in the 12-nation eurozone.
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The ruling was described as one of three major hurdles for the government as it attempts to steer the country back to democracy.
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With help of longtime partner, German software maker dips toe in market it had downplayed.
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Germany, with its high costs, reluctant consumers and restive auto workers, has become a major drag on the country's two largest carmakers, DaimlerChrysler and Volkswagen , which both reported mixed earnings on ...
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The air mattress maker has another tough quarter.
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Bundesbank president Axel Weber was  quoted in a newspaper interview on Sunday expressing his  concerns about inflationary pressures in Germany and his fears  the annual price rise may hit 3 percent by the end of the year.
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Â¤ Financial markets had a very tough month, characterised both low trading volumes and fears that the global economic recovery has slowed down.
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The results for the current quarter came in slightly below expectations and the company sounded a note of caution on the global economy.
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Despite the return of its founder, improvement will take time.
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Loss-making German department store giant Karstadtquelle plans a major shake-up to try to haul itself back into profit, amid rumours of thousands of job cuts.
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FRANKFURT The German economy slowed in the third quarter, the government said Thursday, amid signs that the rise in the euro is taking a toll on exports.
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Business activity, capital spending  and hiring slowed in the third quarter in response to  tightening credit conditions and a rapidly deteriorating  housing market, an industry survey showed on Monday.