Merkel says Greek deal still possible if Athens shows the will

Last Updated: Thursday, June 18, 2015, 16:38

German Chancellor Angela Merkel said on Thursday a deal between Greece and its creditors was still possible if Athens showed the necessary will, amid mounting pessimism that the austerity-hit country might crash out of the euro zone.

Deutsche FY15 net profit up 93% in India

Last Updated: Thursday, June 18, 2015, 16:13

The bank in news for the forced resignation of its India-born co-chief executive Anshu Jain, had reported a post tax net of Rs 729 crore in the year-ago period.

Germany auto makers ready offer for HERE as deadline looms

Last Updated: Thursday, June 18, 2015, 08:28

Finland`s Nokia started an auction of its HERE high-definition maps business while it focuses on completing its 15.6 billion euros ($17.2 billion) takeover of network equipment maker Alcatel Lucent.

German investor sentiment falls to seven-month low in June

Last Updated: Tuesday, June 16, 2015, 15:19

Investor sentiment in Germany fell to its lowest level in seven months in June as the uncertainty over Greece and subdued global growth weighed on confidence, a leading survey found on Tuesday.

Departing Deutsche Bank co-CEO Anshu Jain to work for free: Media

Last Updated: Sunday, June 14, 2015, 17:29

Deutsche Bank co-Chief Executive Anshu Jain will receive no severance pay and no compensation for working as an adviser to the bank in the six months after his departure, German media reported on Sunday.

Mercedes confident of retaining top slot in luxury car market

Last Updated: Sunday, June 14, 2015, 15:13

The brand is also hopeful that the luxury car space will outgrow the overall industry growth by a huge margin with over 20 percent growth this fiscal.

Merkel says strong euro hurts fruits of reforms

Last Updated: Friday, June 12, 2015, 17:17

In the global economy, "a very strong" euro would make it difficult for countries such as Spain and Portugal, which adopted significant reforms during the economic crisis, to "harvest the fruits of those reforms, in exports, for example," Merkel told a congress for family-run businesses in Berlin.

Germany drops probe into alleged US tapping of Merkel cellphone

Last Updated: Friday, June 12, 2015, 16:12

"The Chief Federal Prosecutor has closed the investigation over suspected spying on a mobile phone used by the chancellor by US intelligence services ... because the allegation cannot be proven in a legally sound way under criminal law," it said in a statement.

Greece insolvency risk increasing daily: Bundesbank chief

Last Updated: Thursday, June 11, 2015, 15:21

"There is a strong determination to help Greece ... But time is running out, and the risk of insolvency is increasing by the day," Bundesbank chief Jens Weidmann told a London investment seminar as Greece and its European partners intensify efforts for a bailout deal to prevent Athens from defaulting.

European stocks extend gains, dollar lifted by Fed feelings

Last Updated: Thursday, June 11, 2015, 15:08

Europe`s main bourses picked after a slow start with the region`s benchmark FTSEurofirst 300 last up 0.5 percent, as hopes returned that Greece was close to sealing a deal with its creditors. Athens` stock market surged more than 6 percent.

Greece talks of compromise as Merkel warns time is short

Last Updated: Tuesday, June 9, 2015, 10:43

Three days after Prime Minister Alexis Tsipras told his parliament the latest proposal from the EU and IMF was "absurd", the Greek government said it was ready to negotiate a settlement acceptable to both sides by the end of this month - when Greece`s bailout programme expires and it faces the prospect of default on its debts.