Germany

LONDON/DUBAI - U.S. secretary of state Marco Rubio warned on Tuesday that negotiations with Iran could "take several days." This was after the U.S. launched what they called 'defensive strikes' in southern Iran. Iran's Foreign Ministry spokesperson stated earlier that many of the topics covered in a possible 14-point memorandum were concluded, but this does not mean an agreement to end the war will be reached anytime soon. What is the current stage of the discussions? After a "ceasefire" in early April, both sides remain at odds over difficult issues, including Iran's nuke ambitions, Israel’s war with the Hezbollah militia,...

Two sources familiar with the investigation said that the Brazilian federal police had targeted the former governor of Rio de Janeiro, Claudio Castro, and the owner Refit Refinery Ricardo Magro as part of an investigation into alleged tax evasion. Castro and Magro did not immediately respond to a request for comment from. The police, without naming any suspects, said that they had launched an investigation into a conglomerate in the fuel industry suspected of concealing assets, faking assets and transferring money abroad. According to a statement, the Supreme Court ordered that assets worth approximately 52 billion Reis ($10.4 Billion) be...

Brenntag, a German chemical distributor, posted a better-than-expected quarterly profit on Wednesday. Price increases and cost reductions helped, but the company warned of higher crude costs due to Middle East conflict in the months ahead. The U.S. and Israeli war against Iran has affected the global fuel and feedstock markets and driven up prices in the energy-intensive chemicals industry. Thomas Reisten, CFO of the company, said on a conference call with analysts and reporters that the higher costs for fuel and transportation due to the tensions in the Middle East were being passed onto customers via surcharges and increased prices....

European shares fell on 'Thursday, after a steep rise?in the prior session. Investors analyzed?progress toward a U.S. Iran peace deal which pushed crude oil prices sharply down. STOXX 600, the pan-European index of stocks, ended up 1.1% lower than it was on Wednesday after gaining more than 2%. The majority of regional bourses in France, Germany, and Britain also declined. European energy stocks fell 2.5% when crude oil dropped below $100 per barrel. Shell fell 2.9%, despite exceeding first-quarter profits estimates and increasing its dividend by 5%. Sources and officials reported that oil prices were under pressure when?the U.S. &...

Lanxess predicts that oil prices will remain high for the next few months, and warns that the soaring energy costs are likely to continue to impact the chemical sector after the Middle East conflict disrupted the fuel and feedstock market. CEO Matthias Zachert stated that the company expects oil prices to stay in the $100 to $110 range per barrel for the next few months. He added that Lanxess would pass on the higher costs by increasing the price. He also said that the pressure of Chinese competition in Europe is starting to?ease as higher energy prices?hit Asia more than?Europe....

Lanxess reported on Thursday a'muted' quarterly core profit, which was? broadly?in line with the market expectations. However, it said that March saw a slight improvement as customers began to turn to European chemical manufacturers to avoid any supply risks. The German specialty chemicals company stated that "a persistently weak economy, geopolitical uncertainty and last year's divestments" characterized the first quarter of 2026. It said that cheaper raw materials and pressure from?Asia on prices in certain segments also drove down selling prices. Since March, we've seen a slight improvement in the momentum. Due to the Middle East conflict, many Asian competitors'...

German semiconductor materials provider Siltronic reported lower-than expected quarterly sales on Tuesday, as the company continued to be affected by an?uncertain market environment. According to a LSEG poll, the average analyst's forecast was 317 million euro. The German company's EBITDA (earnings before interest, tax, depreciation, and amortization) was?65.1 million euros compared to 78.3 millions euros last year. This is below analysts' expectations of 67.4million euros. It is encouraging that the growth of AI-driven end market has continued to strengthen. But capacity constraints at our customers, particularly in the memory-chip sector, and persistently high inventories for 200 mm products are dampening...

Contemporary?Amperex Tech Co (CATL), the world's biggest EV battery manufacturer, launched a $5 billion share sale on Monday in Hong Kong. The company is looking to capitalize on its shares which are nearing record highs. According to a termsheet seen by, CATL will be?offering HK$628.20 - HK$651.80 for new H shares, a discount ranging from 3.5% - 7.0% on Monday's closing price HK$675.50. The fundraising is part of CATL's efforts to lock in capital as its share price continues to rise. It also faces an EV market in China that is fiercely competitive and where it has been difficult for...

On Friday, German Chancellor Friedrich Merz said that the European Union could ease sanctions against Tehran as part a comprehensive deal that would end the war in Iran. However, other EU leaders struck a more cautious tone. In response to Iran's human rights violations, its nuclear activities, and its military support of Russia, the 27-nation EU imposed sanctions against Iran over the past few years. These included travel bans, asset freezes, and travel restrictions for senior officials. U.S. officials suggest that a comprehensive agreement?covering Iran’s nuclear and missile programs and the reopening of Strait of Hormuz, could bring about a...

Next week, investors will be focusing on three major issues: the war in Iran and the interest rate path. Five of the "Magnificent Seven" U.S. technology giants are reporting their earnings. Four of the top central banks in the world meet to discuss how long they will be able to'realistically' look past the rise in energy prices caused by the blockage of the Strait of Hormuz. Marc Jones, Dhara Ranasinghe and Lewis Krauskopf in New York will give you all the information about this week's financial markets. Rae Wee is in Singapore. 1/CORRIDOR POWER The next week will be dominated...

The German lower house of Parliament approved on Friday a relief bonus of up to 1000 euros ($1,169.30). This was part of a package to'soften the impact of the high gas prices caused by the Iran War. The AfD, the Left Party and the Greens abstained. Companies can pay an 'unique bonus' to their employees under the plan until June 30th 2027. Payments?will be deductible by employers and tax-free for workers. The bonus is voluntary, which creates uncertainty about how many companies are going to participate in the weak economy. Coalition estimates that the measure will result in a loss...

The World Bank announced a new strategy on Friday that focuses on jobs to help small island states, and other small countries address challenges like remoteness, shock exposure and a limited economic base. World Bank President Ajay Banga spoke about the initiative in a closed door meeting of 50 ministers and governors of central banks from small countries, held during the spring meetings for the International Monetary Fund (IMF) and World Bank. He explained that the idea was to use different tools to help smaller states attract more investment, implement policy and regulatory changes to make it easier to run...

European space stocks rose?on Thursday?after Elon Musk filed for a listing on the stock market. This raised hopes that a historic debut could boost valuations throughout the sector. Eutelsat, the French satellite operator, rose by 20% and reached its highest level in over a year. German satellite manufacturer OHB rose 15%, while Luxembourg-based SES gained 3.7%. SpaceX would become the first U.S. company to list at its reported valuation if the listing is completed. Market debut initial public offerings worth more than $1 trillion. "I do not think that there will be a capital flight. IPOs of large size are...

Arafura Rare Earths announced on Thursday that it has approved the development of its $1.6 billion Nolans Project in the 'Australian Northern Territory', which will 'become 'the third-largest rare earths operations of the country by the end of this decade. The project is designed to deliver 4,440 metric tons of neodymium-praseodymium (NdPr) oxide annually, targeting markets outside China amid growing demand for rare earths used in electric vehicles and wind turbines. Arafura has secured financing commitments with the export credit agencies in the United States, Canada and Germany, as well as global trading houses and manufacturers. This is because Western...

Arafura Rare Earths announced on Thursday that it had made a final investment decision for the development of 'Nolans' project in Australia's Northern Territory. This would be 'the country's 'first 'fully integrated ore to oxide rare earths 'operation. The company's shares rose 13.6% intraday to A$0.335, their highest intraday gain since 11 March. As of 0046 GMT, the benchmark index was up by 1.7%. The Nolans project is designed ?to deliver 4,440 metric tons of neodymium-praseodymium (NdPr) oxide annually, targeting markets outside China ?amid growing demand for rare earths used in electric vehicles and wind ?turbines. Arafura announced that Hatch,...

The European Union reached a provisional agreement with Washington on Wednesday regarding legislation that would remove import duties from U.S. products. This is a crucial part of the trade deal signed in July. It will likely prevent higher U.S. Tariffs on EU Products. According to the agreement reached at?U.S. Under the deal struck at?U.S. After nearly 10 months, the European Parliament, which represents the EU government, and the Council, an EU-wide body, have agreed on a text that will allow EU duty reductions into effect. After five hours of negotiation, they agreed on strengthened provisions that would suspend concessions if...

Two people familiar with the matter said that Thyssenkrupp may hold an extraordinary general meeting in the summer, to allow investors to vote on a possible spin-off of its materials trading division MX. The discussions?underscore Miguel Lopez's attempts to continue with the company overhaul to a holding company, despite recent setbacks after talks to sell Thyssenkrupp Steel to Jindal Steel failed. Sources said that Thyssenkrupp's supervisory board, which is meeting on Wednesday, could decide to send official invitations to shareholders in the next month. This would mean an EGM might take place at the end of July or beginning of...

Thoma Bravo may sell its stake in construction software maker Command Alkon as it tries to maximize returns on software that is seen to be more resistant to broader AI disruption risk, according to four sources familiar with the matter. Thoma Bravo is working with Evercore's investment bankers to sell its 55 percent stake in Command Alkon. Other private equity firms have expressed interest in the last few weeks. Sources who spoke on condition of anonymity about the private discussions said that Command Alkon could be valued at over $1.5 billion. Thoma Bravo refused to comment while Heidelberg Materials Evercore...

Thyssenkrupp, the German conglomerate, cut its'sales forecast for 2026 on?Tuesday. It cited lower demand in its steel and automobile divisions as a sign that economic activity was muted across Europe. Axel Hamann, finance chief, said: "We remain cautious in our sales forecasts... not least due to heightened geopolitical uncertainty and its impact on?international markets." The company now expects that sales will fall by up to 3%, and at worst remain flat. Previously they had expected a range between -2% and +1%. In an LSEG survey, analysts expected sales to drop by 1%. Thyssenkrupp - which is attempting to turn itself...

Three sources claim that Gautam Adani’s firm, Bharti Airtel (the telecom operator), Genpact, a U.S. based company, and ZF Friedrichshafen, the auto parts giant, are all setting up treasury in India’s tax-neutral finance zones. Public filings indicate that they are set to join ArcelorMittal - the second largest steelmaker in the world - which has obtained regulatory licenses for two treasury centers. Modi's government is promoting the Gujarat International Finance Tec-City (GIFT City) as a rival to Singapore and Dubai as a centre of finance. The government increased the tax holidays for companies operating in the city to 20 years,...

The shares of German automakers fell on Monday after President Donald Trump decided to increase U.S. tariffs on imported European vehicles to a 25% levy from the previously agreed 15% levy, dealing 'a 'fresh blow to an already battered industry. As of 1046 GMT the pan-European auto and parts index had fallen 2.3%, while shares for Porsche, BMW Mercedes-Benz, and Volkswagen all fell between 2% and 3%. Trump claimed on Friday that Brussels had failed to comply with an agreement reached between Washington DC and Brussels in 2017 that reduced U.S. tariffs on automobile imports by 15%. The implementation by...

Thyssenkrupp announced on Saturday that it had 'paused' talks with India's Jindal Steel International about a potential'sale' of the 'German industrial group's' steel unit. This is a setback to CEO Miguel Lopez’s restructuring efforts. Reports in March indicated that discussions may be canceled due to disagreements over pension liabilities, investments, and energy costs. Four people who are familiar with the issue were cited. Jindal Steel International made a bid indicative?for Thyssenkrupp Steel Europe in the past year. This led to months of due diligence, and negotiations on a possible purchase of Europe's?second-largest steelmaker. Thyssenkrupp stated that "the?original assumptions, and prerequisites...

Analysts estimate that Thyssenkrupp's share of the proceeds from Kone's proposed purchase of liftmaker TK Elevator is nearly two thirds of its current market capitalisation. According to Jefferies and JPMorgan estimates, the windfall for the German company if the deal is completed could be as high as 3.4 billion euro ($4 billion). This would be a huge financial boost to the German firm that's undergoing a major restructuring in order to become a holding corporation. Thyssenkrupp's shares, which were up 7.5% by 1437 GMT, didn't comment on the financial implications of the deal. They only said they were reviewing the...

Analysts estimate that Thyssenkrupp will benefit from Kone's $34.4 billion acquisition of liftmaker TK Elevator. According to Jefferies' and JPMorgan's estimates, the windfall would be as high as $4 billion. This is a huge financial boost for the German business that is undergoing a major restructuring in order to become a holding. Thyssenkrupp's shares, which were up 7.5% by 1409 GMT, didn't comment on the financial implications of the deal. They only said they were examining "the proposal" under which Kone could become a world leader in lift manufacturing. The?company stated in December that the book value of its 16.2%...