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Deutsche Welle: DW-WORLD.DE - Business
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Deutsche Welle: DW-WORLD.DE - Business
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Facebook stumbles on first day
Facebook starts strong and ends flat on its first day of trading. The largest-ever initial public offering for a technology firm ended up just 0.61 percent above where it started, at $38.23 (29.92 euros), a share.
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EU commissioner: Greek euro exit 'manageable'
The European Union stands ready to face the aftershocks if Greece were to leave the eurozone, the EU's Trade Commissioner maintains. He says officials are already working on an emergency blueprint on how to survive.
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Facebook in richest tech IPO
Facebook began trading shares in its long-anticipated initial public offering on the Nasdaq Stock Market in New York City. The social network's shares started trading at $43 (around 33 euros).
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China denounces US duties on solar panels
China has voiced its anger over a preliminary decision by the US administration to levy heavy duties on solar panels. Washington believes that China's current price policies undermine fair competition.
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Unions reject Opel plant closures
Germany's union of metalworkers has announced it will put up a fight against any closures of Opel plants. General Motors may be envisaging such a move as its European division keeps posting huge losses.
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Ratings agencies flex muscles, eye Greece, Spain
Ratings agencies Fitch and Moody's have sounded their collective alarm bells. Fitch has downgraded Greece and said European banks are hugely short of cash, while Moody's turned its attention to four regions in Spain.
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Investors like chances of profiting on Facebook
Social network Facebook aspires to become a heavyweight on the NASDAQ technology stock exchange. Investors eagerly await what's billed as a historic IPO, but the company's perspectives are unclear.
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Munich to cash in on Champions League final
European football is feverishly looking forward to the final. Munich hopes to benefit financially from the men's and women's Champions League games this week.
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Family-run companies dismiss debt crisis
The sovereign debt crisis appears to have had little effect on the German economy. Family-operated companies have been particularly successful, with many saying they intend to invest more and hire new employees.
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Malaysians to bring Islamic banking to Germany
Islamic investing represents a 1.2 trillion euro market. Now one Malaysian firm wants to bring the trend to Germany. Others have tried and failed before, so it could be a struggle.
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