German Bankers Doubtful on Recovery
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Higher oil prices and a weaker U.S. economy have raised doubts about the durability of Germany's export-driven economic recovery, the country's banking association said in a report Thursday.
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German finance professionals&#39; growth expectations have dropped this month amid fears that soaring oil prices could slow the recovery of Europe&#39;s biggest economy, according to a survey released Tuesday.
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German consumer confidence has fallen, hit by concerns over the global credit crisis and higher food prices.
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A closely-watched index of German business sentiment barely rose in October, showing that the current recovery in Europe&#39;s largest economy lacks the strength of previous upswings.
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It is too early to judge whether a concerted action plan to grease the wheels of seized-up money markets will work, a top European central banker said on Friday, as U.S. banking giant Citigroup faced fresh strife.
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A year ago, Deutsche Bank was the subject of some of the hottest rumors on the Wall Street grapevine, but those rumored deals have not materialized.
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FRANKFURT At the end of a year that has seen a tepid European economic recovery shaken by high oil prices and a strong currency, the European Central Bank is facing a dilemma for which the best solution may simply be to wait.
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The German economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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Recovery of the German economy -- the biggest in the 12-country eurozone -- is feeding into jobs and unemployment has fallen below four million for the first time for four years.
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A closely-watched index of German business sentiment barely rose in October, showing that the current recovery in Europe's largest economy lacks the strength of previous upswings.
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German business confidence posted a surprise gain in January, a key survey showed Thursday, amid worries that the US economy was heading into a recession.
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German finance professionals grew sharply more pessimistic about the country's economic growth outlook, fearing that the euro's record highs against the U.S. dollar will weigh on exports, a monthly survey showed Tuesday.
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German prosecutors are to investigate the near-collapse of regional lender Sachsen Landesbank.
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Business confidence in Germany, Europe s largest economy, probably fell for the third month in four in November as the euro s climb to a record threatened exports and unemployment rose, a survey of economists ...
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Business leaders in Germany appeared wary about the outlook for the eurozone's biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.
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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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The Swiss-based banking group UBS was cautious over the outlook for its investment bank after a lull in trading crimped its third-quarter profit.