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
Markets Oil prices rise on signals Opec might cut output NEW YORK: Oil prices ended higher on Friday, boosted by signals from Saudi Arabia that OPEC could cut output, but... Published 28 Aug, 2022 06:10am
Markets Commerzbank, helped by rates, swings to bigger-than-expected Q2 profit FRANKFURT: Germany’s Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by... Published 03 Aug, 2022 11:26am
Markets OPEC+ meeting to test Biden’s Saudi oil entreaty VIENNA: The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe... Published 03 Aug, 2022 09:37am
Markets Germany’s Bund yield at 2-month lows as recession fears nag LONDON: Germany’s benchmark 10-year bond yield fell to a two-month low on Tuesday, with concerns about a sharp... Published 26 Jul, 2022 01:17pm
Markets Industrial metals tumble as dollar rises and growth slows LONDON: Industrial metals prices fell sharply on Thursday as markets braced for rapid interest rate rises that will... Published 15 Jul, 2022 06:20am
Business & Finance German lender Commerzbank says it will stay in Russia FRANKFURT: Commerzbank, Germany’s second-biggest lender, said on Thursday it would not part ways with its Russian... Published 12 May, 2022 06:59pm
Markets European stocks fall LONDON: European shares fell on Tuesday as Deutsche Bank and Commerzbank slumped after a big stake sale, while a US... Published 13 Apr, 2022 06:03am