Germany | - Part 2

Franco-German Brexit Stance Is Said to Have Broad EU Support

LONDON (Capital Markets in Africa) – Germany and France insist they’re not alone in refusing British pleas to move ahead with Brexit talks, as they lay the blame for the impasse with Prime Minister Theresa May’s government. Officials in Berlin and Paris said their stance in negotiations is no tougher than that of other member states. Even though the bloc’s positions have been unanimously agreed, there is a concern in the German government that some countries…

German Investor Optimism Gains as Economy and Stocks Power Ahead

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – German investor confidence rose for a second month as stocks rallied and data signalled that Europe’s largest economy is on track for a solid expansion in the second half of the year. The ZEW Centre for European Economic Research’s index of investor expectations climbed to 17.6 in October from 17 in September. The reading compares with a median estimate in a Bloomberg survey for an increase to 20.0. After a…

Airbus Snaps Up Bombardier C Series in New Boeing Challenge

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LAGOS (Capital Markets in Africa) – Airbus SE agreed to acquire a majority stake in Bombardier Inc.’s C Series program and will start assembling the jetliner in the U.S., vaulting a technologically advanced but slow-selling plane onto the front lines of the battle with Boeing Co. over global aircraft sales. Without putting up a dime at closing, Airbus will take just over half of a partnership controlling the C Series. The European plane maker’s marketing muscle and production expertise…

Frankfurt, Germany Doesn’t Want London’s Bankers

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – In the scramble to lure financial jobs from London in the wake of Brexit, Frankfurt is leading the pack—at least nine banks have said they’ll move positions there. That could ultimately mean 10,000 new jobs and well over $100 million annually in new tax revenue for the German financial capital, auguring an economic and cultural rebirth. Micha Hintz hates the idea. “Brexit will be very bad for people with a…

It Isn’t Tesla That’s Driving German Cars Off the Road

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Just as Germany’s car industry seemed to be turning a corner after the diesel emissions scandal, along comes another potentially credibility-shredding story. Volkswagen AG (and its Porsche and Audi subsidiaries), BMW AG and Daimler AG may have colluded for decades to agree on technical standards, thereby impeding competition, Der Spiegel reported on Friday. While the scope of any wrongdoing or potential fines are very unclear, these cartel allegations may yet impose a heavy financial…

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