The Local Germany

'Important not to be last': Spaniard becomes first ever female to solo manage German DAX firm

Sun, 02 May 2021 18:46:00 +0200

Belen Garijo has taken over as CEO at German pharmaceuticals giant Merck - the first woman to singlehandedly run a DAX 30-listed company - as Europe's top economy debates quotas for greater boardroom equality.

Here's why Munich is worth 20 times more than Berlin

Tue, 24 May 2016 12:43:40 +0200

The Bavarian capital leaves other German cities in the dust when it comes to where the highest-valued companies choose to plant their flag.

Cheap oil and sanctions slash Russia trade by 1/3

Wed, 02 Dec 2015 12:00:24 +0100

Leading German companies have lost almost a third of their business with Russia as Moscow's economy struggles with harsh headwinds and sanctions continue to bite.

DAX index suffers plunge over Asia fears

Mon, 24 Aug 2015 11:29:48 +0200

Germany's most important stock market index continued to suffer the effects of plunging confidence in Asia on Monday, losing around four percent of its value after a sharp fall in early-morning trading.

Rocket Internet shoots for €1.5 billion IPO

Wed, 24 Sep 2014 17:49:00 +0200

The German start-up incubator Rocket Internet, which is to go public next month, said on Wednesday it may list some of the companies it is nurturing in the future.

German giants dazzle Dax

Fri, 10 May 2013 17:21:00 +0200

In the midst of the eurozone's worst-ever economic crisis, Germany's stock index scaled three successive record highs this week. Business daily Handelsblatt examined some of the top companies driving the impressive figures.

Commerzbank shares tank massively

Wed, 23 Nov 2011 07:27:00 +0100

Shares in Germany's second-biggest bank Commerzbank have plunged 15 percent to a historic low on fears that it may need far more capital than once thought to meet EU requirements.

DAX boards took major pay increases last year

Wed, 26 Oct 2011 17:37:00 +0200

Germany’s top companies paid their supervisory boards better last year than the previous year, with the most generous rises approaching 40 percent – despite an average worker’s wage increasing by 1.6 percent over the same period.

Top firms unveil plan to increase female execs

Mon, 17 Oct 2011 18:37:00 +0200

The 30 leading German companies belonging to the blue-chip stock DAX stock index unveiled a plan Monday to bring more women into management, but stopped short of making quotas compulsory.

German economy heads for 'stagnation'

Wed, 05 Oct 2011 20:32:00 +0200

Germany may not be on the brink of a severe recession, but the country long seen as the financial powerhouse of Europe appears to be headed for economic stagnation.

Commerzbank chief predicts more market turbulence

Tue, 06 Sep 2011 19:24:00 +0200

The head of Germany’s Commerzbank predicted continued instability in European financial markets for years to come in an interview on Tuesday.

DAX tanks as investors fear global rout

Mon, 05 Sep 2011 19:19:00 +0200

Germany’s DAX stock index hit its lowest level in two years on Monday amid growing investor fears of a renewed global recession.

DAX suffers worst dive since November 2008

Thu, 18 Aug 2011 20:24:00 +0200

Germany’s DAX stock index plunged nearly six percent on Thursday, suffering its worst decline since November 2008 amid growing economic concerns on both sides of the Atlantic.

Stocks gyrate wildly as markets remain skittish

Tue, 09 Aug 2011 13:57:00 +0200

German stocks fluctuated wildly on Tuesday amid continuing fears that the world was headed toward another severe recession.

DAX tanks amid global economic fears

Mon, 08 Aug 2011 20:43:00 +0200

Germany’s DAX stock index on Monday dropped to its lowest level in nearly a year on investors' fears about the downgrading of the US credit rating and the eurozone debt crisis.

Economists worry as stock markets plummet

Fri, 05 Aug 2011 09:28:00 +0200

Economists are warning of the possibility of a new global financial crisis after stock markets around the world, including in Germany, crashed on Thursday.

Big majority in favor of gender quota for execs

Sun, 31 Jul 2011 13:29:00 +0200

A new poll has found that 70 percent of Germans are in favor of a mandatory quota for women in executive positions at German companies. Even a majority of men have signed on to the idea.

Top corporations resist quota for hiring women execs

Wed, 30 Mar 2011 18:07:00 +0200

Germany's top companies pledged Wednesday to publish new targets for placing more women in their boardrooms but resisted fresh calls for legal quotas to rectify a wide gender gap.

Government to meet with DAX firms over women execs

Tue, 08 Mar 2011 08:41:00 +0100

The federal government is planning a meeting with human resources directors from Germany's 30 DAX companies to tackle the issue of an absence of women in top management jobs, according to a newspaper report.

DAX companies oppose gender quota

Thu, 10 Feb 2011 13:51:00 +0100

A new survey shows Germany’s largest companies are overwhelmingly opposed to a mandatory quota for women in executive positions, with only one firm coming out in favour.