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Germany


Financial News

Sarkozy Opposes IMF Loan to Greece, Widening Rift With Germany Over Rescue President Nicolas Sarkozy opposes Germany’s call for an International Monetary Fund loan to Greece, a French government official said, pitting the euro area’s biggest members against one another over a rescue plan.

Teva Gets `Last Ticket' to German Generic-Drug Market With Ratiopharm Deal A lack of options for achieving growth goals outside the U.S. spurred Teva Pharmaceutical Industries Ltd. to outbid Pfizer Inc. for Ratiopharm GmbH.

Kabel Deutschland Share Demand Said to Outstrip Supply in Initial Offering Kabel Deutschland GmbH, Germany’s biggest cable company, has drawn more demand for shares than it’s selling in the country’s biggest initial public offering since 2007, said two people with knowledge of the transaction.

Tom Tailor Begins Initial Public Offering Today; Shares Priced From $14.97 Tom Tailor Holding AG, the German clothing company founded in 1962, will begin its initial public offering today with shares priced between 11 euros ($14.97) and 15 euros each.

Greek Bonds Extend Weekly Decline as Other EU Countries Disagree on Help Greek government bonds fell, extending their weekly decline, amid deepening concern over how the nation will repay debt and fund its budget shortfall as other European Union members disagree on how to help.

DAX Index Pares Earlier Gains as K+S, ThyssenKrupp Fall; Volkswagen Rises German stocks fluctuated, with the benchmark DAX trimming its third weekly gain, as declines in K+S AG and ThyssenKrupp AG shares overshadowed gains by Commerzbank AG and Volkswagen AG.

European Stocks Fluctuate as India Raises Rates; Miners Drop, Lloyds Gains European stocks swung between gains and losses after India’s central bank unexpectedly lifted interest rates, increasing speculation that withdrawal of economic stimulus measures may hamper global growth.

Euro Heads for Biggest Weekly Decline Since January on Greece Aid Concern The euro headed for its biggest weekly drop against the dollar since January as concern Greece will fail to secure financial assistance from the European Union reduced demand for the currency.

Allianz Sells a Third of Remaining Stake in China's ICBC for $545 Million Allianz SE, Europe’s biggest insurer, sold about one third of its remaining stake in Chinese lender Industrial & Commercial Bank of China Ltd. for a gain of about 400 million euros ($545 million).

Trichet Pushing `Strongly' for More Transparency on Credit Default Swaps European Central Bank President Jean-Claude Trichet said he’s pushing “strongly” for more transparency around credit default swaps.

General News

British Airways Strike to Go Ahead March 20 as Talks Collapse, Union Says British Airways Plc’s 12,000 cabin crew will strike from midnight after last-ditch talks aimed at resolving a dispute over pay and staffing levels collapsed.

German Government Divided on Greece Aid as Merkel Opposes Schaeuble on IMF The German government is split over aid for Greece, with Chancellor Angela Merkel leaving the door open to an International Monetary Fund solution against the wishes of her own finance minister.

Clinton in Moscow Leads Quartet Push for Mideast Peace Deal in Two Years U.S. Secretary of State Hillary Clinton led a push by the Middle East peace Quartet for a negotiated settlement between Israel and the Palestinian Authority within two years.



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