Search

The article discusses an earnings report for the fourth quarter of 2013 for banking company Deutsche Bank AG that is said to be a possible harbinger for earnings releases from other European banks. Deutsche's unexpected $1.35 billion loss was due in large part to money it set aside for future loan losses. It is noted that bank examinations being conducted by European regulators could prompt other banks to similarly boost their loan-loss provisions.

The article reports on the decision of Allianz SE, a European primary insurer, to delist from several stock exchanges, including the New York Stock Exchange (NYSE). The insurer's move is aimed at focusing on its home market and at reducing reporting complexities. It relates how Allianz's delisting in the U.S. will affect its American depositary shares and its undated subordinated callable bonds. It outlines other European companies that have delisted their shares from the NYSE such as British Airways PLC and Danone SA.

The article reports that European banks and insurers are proving to investors that they are financially healthy by lessening dependence on state aid. According to Commerzbank AG chief executive Martin Blessing, the bank will not include government guarantees for its new bonds. Lloyds Banking Group PLC is looking to get new capital from shareholders.

This article reports on the move by group of 12 companies in Europe to launch a solar-power project aimed at feeding electricity to Europe from the Sahara. Among the companies involved in the project called Desertec are companies Deutsche Bank AG, Siemens AB, ABB Ltd. and E.On AG. It is projected that solar-energy project would provide 15% of Europe's energy needs by 2050.

The article reports on the bleak earnings posted by European banks Commerzbank AG and Société Générale SA in the third quarter of 2008. It states that the write-downs caused by the global credit crisis weighed down the results. It mentions that Commerzbank became the first among top banks in Germany to tap government funds worth €8.2 billion.

Reports on the continued effort of European Central Bank President Wim Duisenberg to bolster the euro currency. Comments from Duisenberg; Reason for the euro's devaluation; Rate of devaluation compared to dollar since its launch.

The article states that the German government established document checks at its Austrian border in mid-September 2015 for people attempting to enter the country via the German state Bavaria in an effort to control the influx of immigrants from the Middle East. According to the article, the temporary border controls were in line with the political union the European Union (EU) executive body the European Commission rules for crisis situations. The article presents comments from German economics minister Sigmar Gabriel.

The article reports on the financial performance of insurance companies in Europe as of August 8, 2008. The net profit of Allianz SE in the second quarter decreased 28% to €1.54 billion from €2.14 billion. The profit of Aegon NV also declined 58% to €276 million due to losses on investments and increase in credit impairments. However, RSA Insurance Group PLC posted a 38% rise in net profit in the first half of the year, attributed to increased net written premiums.

The article discusses financial-market reaction to news that European leaders had reached agreement on a plan to address the continent's debt crisis. Although few specifics of the deal were disclosed, the Dow Jones Industrial Average rose over 339 points, and markets in Europe and Asia recorded gains as well. The euro increased 2% against the U.S. dollar.

The article discusses floods in Central Europe in June 2013, and reports that Hungarian Prime Minister Viktor Orban said his country could face record flooding during the weekend of June 8 due to swelling waters from the Danube River.

The article discusses flooding in Germany and other parts of central Europe in June 2013, with information presented about sandbag fortifications and other preparations in anticipation of worsening conditions, evacuation of people in Bratislava, Slovakia, and estimated insured losses from flood damage.

The article reports on a series of floods in Central Europe caused by the rising of rivers including the Danube and the Elba in 2013, discussing how citizens in low-lying areas of countries like Austria, Czech Republic, and Slovakia have been evacuated, and examining how the crisis is being handled.

The article reports on unusually high river levels and massive flooding occurring in Central and Eastern European countries including Germany, the Czech Republic, and Austria, as of June 2013, and discusses the emergency response efforts of German Chancellor Angela Merkel.