Germany
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.
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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