UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says MILAN: Italy’s UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added... Published 27 May, 2025 04:37pm
Business & Finance Euro zone yields edge up before Fed and BoE policy meetings FRANKFURT: Euro zone government bond yields edged up on Monday with investors on the sidelines ahead of a week ... Published 06 May, 2025 03:19am
Business & Finance UniCredit gets German cartel office nod on big Commerzbank stake DUESSELDORF/FRANKFURT: Germany’s antitrust authorities on Monday approved UniCredit’s plans to own just under 30% of... Published 14 Apr, 2025 05:14pm
Business & Finance Commerzbank signs 15-year contract for new high-rise Frankfurt office FRANKFURT: Commerzbank, which last week announced job cuts in Germany as it fends off a takeover approach from... Published 18 Feb, 2025 05:55pm
Business & Finance Commerzbank says no talks with UniCredit until specific offer made BERLIN: Commerzbank reiterated on Friday that it will not meet with UniCredit for formal discussions until it... Published 24 Jan, 2025 01:34pm
Business & Finance Commerzbank chairman sees little chance of amicable UniCredit merger, report says BERLIN: Commerzbank’s, supervisory board chairman Jens Weidmann said there is little chance for an amicable merger... Published 13 Jan, 2025 01:21pm
Business & Finance UniCredit brings security custody services in-house, with focus on Germany MILAN: UniCredit said on Friday it would bring in-house security custody services, with an initial focus on Germany,... Published 10 Jan, 2025 03:14pm
Business & Finance Italy’s UniCredit launches surprise $11 bln all-share bid for Banco BPM MILAN: Italy’s UniCredit on Monday launched a surprise 10 billion euro ($11 billion) all-share offer for smaller... Published 25 Nov, 2024 01:32pm
Business & Finance Commerzbank CEO focused on standalone strategy amid UniCredit interest WASHINGTON: Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy,... Published 25 Oct, 2024 08:48pm
Business & Finance Commerzbank would lose clients in UniCredit merger, German lender’s CEO says FRANKFURT: Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina... Published 07 Oct, 2024 11:51am
Business & Finance UniCredit’s rating might top Italy’s if it buys Commerzbank, Moody’s says MILAN: Moody’s would consider hiking UniCredit’s credit rating one notch above Italy’s sovereign rating if it bought... Published 02 Oct, 2024 01:25pm
Business & Finance Commerzbank, UniCredit to meet Friday morning, source says FRANKFURT: A meeting between bankers from Commerzbank and UniCredit will be held virtually on Friday morning, a... Published 27 Sep, 2024 01:45pm
Business & Finance Commerzbank boards confirm independent strategy as UniCredit seeks possible tie-up FRANKFURT: Commerzbank’s supervisory and management boards have unanimously confirmed the bank’s current strategy of... Published 26 Sep, 2024 01:54pm
Markets European shares end higher, Commerzbank dips PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more... Published 24 Sep, 2024 03:28am
Business & Finance Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt BERLIN: A merger of Italy’s Unicredit and Germany’s Commerzbank would add value for all stakeholders and create a... Published 16 Sep, 2024 10:59am
Business & Finance Commerzbank opens Lithuania office in bid to boost Baltic connection BERLIN: Commerzbank will open a representative office in Lithuania from December this year designed to operate as a... Published 21 Aug, 2024 02:08pm
Business & Finance Commerzbank seeks share buyback, confirms annual outlook as Q2 profit dips FRANKFURT: Germany’s Commerzbank said on Wednesday that it was planning a 600-million-euro ($654.48 million) share... Published 07 Aug, 2024 11:42am
Markets European shares end lower as earnings whirlwind disappoints PARIS: European shares closed lower on Wednesday, dampened by luxury stocks after dour results from LVMH weighed on... Published 25 Jul, 2024 06:35am
Markets South African rand stable, focus on unity government talks JOHANNESBURG: The South African rand was little changed in early trading on Wednesday, as investors waited for... Published 12 Jun, 2024 01:18pm
Business & Finance Commerzbank reports better-than-expected 29% rise in Q1 profit FRANKFURT: Germany’s Commerzbank posted a better-than-expected 29% rise in first-quarter net profit on Wednesday,... Published 15 May, 2024 12:29pm
Markets European stocks dragged down by healthcare PARIS: European stocks made a downbeat start to the second quarter, pressured by healthcare shares, while investors... Published 03 Apr, 2024 05:29am
Markets French, German stocks sprint to record high on earnings cheer PARIS: European shares rose on Thursday as upbeat corporate earnings pushed French and German stocks to a record... Published 16 Feb, 2024 06:02am
Markets Euro zone yields edge up from multi-month lows as markets bet on March ECB rate cut LONDON: Euro zone government bond yields edged higher on Monday after earlier touching multi-month lows as market... Published 04 Dec, 2023 05:54pm
Markets Gold leaps above $2,000 as dollar weakens on Fed pause bets LONDON: Gold rose over the key $2,000 level on Friday, logging its second consecutive weekly gain, see-sawing ... Published 26 Nov, 2023 03:31am
Business & Finance Commerzbank Q3 net profit more than triples, beats expectations FRANKFURT: Germany’s Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better... Published 08 Nov, 2023 11:34am
Business & Finance Gazprom subsidiary files lawsuits against Deutsche Bank, Commerzbank MOSCOW: RusKhim-Alyans, a subsidiary of Russian gas giant Gazprom, has filed lawsuits seeking a total of 31 billion... Published 05 Jul, 2023 06:00am
Business & Finance German economy entered recession in Q1 BERLIN: The German economy contracted in the first quarter of 2023 compared with the previous three months, thereby... Published 25 May, 2023 12:16pm
World Germany’s 2022 inflation drops one point to 6.9% after changes to index BERLIN: Germany’s new 6.9% inflation reading for 2022 is one point lower than previously reported due to revisions... Published 22 Feb, 2023 04:43pm
Markets Commerzbank sees 2023 profit ‘well above’ 2022 despite challenges FRANKFURT: Germany’s Commerzbank said on Thursday that net profit rose a better-than-expected 12% in the fourth... Published 16 Feb, 2023 01:05pm
Markets Arabica coffee falls LONDON: Arabica coffee futures on ICE fell to a 14-month low on Friday, pressured by an improving outlook for next... Published 30 Oct, 2022 03:57am
Budget 2025-26: Pakistan targets 4.2% growth as Aurangzeb presents proposals ‘for a competitive economy’