Reuters – Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called “conservation buffer,” German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules.
Also tagged basel, basel-committee, body, business, draft-proposal, from-the-basel, global, global-banking, nine-percent, percent-so-called, the-bodyAP – German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.
Also tagged business, car-exports, economy-fueled, fueled, healthier-global, helping-push, industry-group, kept-growingAFP – Europe’s economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.
Also tagged blast-furnace, business, data-showed, europe, japan, likely-lose, march-europe, nigel-treblin, salzgitter, smelter-works, the-second, thursday, united, united-statesAFP – The German unemployment rate was stable in August at 7.6 percent of the workforce, official figures showed on Tuesday as the number of people seeking work edged slightly lower to 3.188 million people.
Also tagged afp, business, christof-stache, number, nuremberg, people-seeking, southern, tuesday, work-edgedAP – There is good news at the gas pump, as Americans get ready to fill their cars, RVs and boats for the Labor Day weekend.
Also tagged business, cars, energy-firm, europe, gas-pipeline, iraq-on-sunday, its-autonomous, labor, nabucco, planned, saubaudu, south-stream, the-plannedReuters – German chipmaker Infineon has agreed to sell its wireless unit to Intel for $1.4 billion, enabling the U.S.chipmaker to boost its presence in the smartphone market.
Also tagged boost-its, business, infineon, intel, sell-its, smartphone, the-smartphone, wireless-unitAFP – Iraq on Sunday slammed as “illegal” an agreement between its autonomous Kurdistan region and the German energy firm RWE that is expected to help supply the planned Nabucco gas pipeline to Europe.
Also tagged afp, ddp, gas-pipeline, iraq-on-sunday, its-autonomous, kurdistan, planned, sundayReuters – Potash miner K+S is specialized enough to weather any takeover of Canadian rival Potash Corp and survive as a standalone entity, the German firm’s finance director told a newspaper.
Also tagged business, finance-director, potash, potash-corp, standalone-entityAP – German consumers are upbeat about their economy, a closely watched survey showed Thursday, reflecting the country’s overall positive economic trend even as uncertainty lingers over long-term prospects.
Also tagged business, closely-watched, lingers-over, overall-positive, survey-showed, their-economy, thursdayAP – A shock drop in U.S. housing figures drove stock markets lower Tuesday as they reinforced fears that the world’s largest economy may be heading back to recession, barely a year after emerging from its deepest downturn since World War II.
Also tagged business, downturn-since, drove-stock, frankfurt, its-deepest, michael-probst, tuesday, world