Germany Holds On to Spot as No. 1 Exporter
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Germany was the world's largest exporter for the second year in a row in 2004 despite the skyrocketing strength of the euro, according to preliminary statistics released by the government Tuesday.
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Order inflow to General Motors' German unit Adam Opel AG has held up despite a production stoppage over planned job cuts that hurt the carmaker's image, Opel CEO Hans Demant said in a magazine interview.
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Northern Europe and key Asian countries remained home to the most competitive economies worldwide, cementing their ranks among the top 10 in an annual survey of business leaders by the World Economic Forum. Finland retained the top spot for the third time in the last four years, followed by the United States.
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Business confidence in Germany is at a 15-year high although economic growth slows in the third quarter.
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Companies in Germany's key manufacturing sector saw a rebound in orders in July, buoyed by strong demand for German-made goods both at home and abroad, official data showed.
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Steel makers in Germany expect production to rise to a new record of 47 million tonnes in 2005, beating this year's output of 46.5 million tonnes in the face of booming worldwide demand, the German steel makers' federation said.
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German investor confidence unexpectedly improves despite falling exports and signs of a global slowdown.
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Investor confidence in Germany, Europe s largest economy, increased for a second month in January after the cost of oil declined and the dollar s recovery against the euro reduced concern about slowing export ...
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Brussels, Dec 13, IRNA -- German Foreign Minister Joschka Fischer said Monday that so long Iran&#39;s voluntary suspension of enrichment activities continues, the EU commitments also remain valid.
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German exports are likely to reach new records again this year, but current political tensions in the Middle East could pose a threat, according to the German BGA federation of wholesalers and exporters.
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Germany's economy is back on a stable path of growth after three years in stagnation and is not immediately threatened by the surge in oil prices, Chancellor Gerhard Schroeder said Wednesday.
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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of recovery.
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Manufacturing orders in Germany, Europe s largest economy, declined the most in five months in November as the euro s gains against the dollar made exports more expensive and unemployment weighed on domestic ...
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Investor confidence in Germany, the eurozone's biggest economy, stabilised, albeit at low levels, in December, as falling oil prices helped offset concerns about the negative economic effects of the strong euro, a new poll showed.
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Business confidence in Germany, Europe s largest economy, probably fell in December for the fourth month in five as the euro s appreciation to a record dimmed the outlook for exporters, a survey of economists ...
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Exports continued to grow this year at a stronger pace than imports, even though both categories set records, the Commerce Department reported.
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German Finance Minister Hans Eichelsaid Thursday that the country's economy could grow more than 1.5 percent this year.