English | Financial news with a German perspective

The world is changing. Meanwhile, the executive boards of Dax companies still look the same: predominantly old and male.

Raphael Doerling is currently building up Citigroup's German Commercial Banking. In an interview with Börsen-Zeitung, he takes stock after a good year and talks about the big plans together with Stefan Hafke, Citi Country Officer Germany and Member of the Board for Citigroup Global Markets Europe.

Germany enjoys a very good reputation as a centre of innovation for climate protection technologies. However, maintaining this reputation is anything but a foregone conclusion.

According to a study by J.P. Morgan, the fragmentation in world trade could cost approximately 5% of global economic output. Joyce Chang, Chief Analyst at the US bank, explains why this fragmentation also has a negative impact on the significance of the dollar.

Tim Höttges has been at the helm of Deutsche Telekom for 10 years. And he has been with the company even longer, shaping it into a significant – European – industry heavyweight with an impressive M&A track record.

Europe's finance ministers have agreed on a common position on standardised debt rules. They have had to take a lot of criticism for this – and some reservations are justified.

The German leading index Dax could face setbacks in the coming weeks and months. However, after a correction, there is a strong case for new record levels.

Additional privatization measures for Deutsche Post and Deutsche Telekom should be contemplated not only due to the federal government's financial constraints. But these initiatives also entail risks, especially in the case of Deutsche Telekom.

The acceptance of the Single Resolution Board (SRB), the European resolution authority, relies on European banks placing trust in it. This confidence is jeopardized by the SRB itself due to technical errors.

AMS Osram has successfully secured new financing of over 2 billion euros. CFO Rainer Irle explains how the semiconductor and sensor manufacturer plans to resume growth.

The German government is jeopardising the economic location Germany with its ecologically planned economy. It has to give the market more freedom so that the location does not continue to deteriorate.

The chemical company BASF is preparing for a change at the helm: Markus Kamieth, head of the Asia division, is designated as the successor to CEO Martin Brudermüller.

Mastercard has released a study on payment habits, indicating an increasing reliance on cards as an essential component. Simultaneously, mobile phones are gaining popularity as a preferred payment method.

Gender diversity and inclusion are gaining higher importance in the capital markets. Corresponding bonds for specific projects are being introduced to the market.

China is going through difficult economic times. Eric Robertsen, Chief Strategist at Standard Chartered, explains why this is bad news for Germany in particular and how structures in global trade are changing.

As per the ECB banking supervision, European banks have demonstrated resilience in a complex economic and geopolitical landscape. At the same time, the supervision cautions against potential risks and identifies notable shortcomings in governance. The required capital buffers will increase slightly in 2024.

The ECB supervision plans to assign banks more homework rather than focus on capital ratios. Currently, there is limited evidence of this approach.

A shareholder activist has reported a capital stake in UBS. Cevian praises the bank, but the intervention of an activist shareholder is the last thing UBS desires at this moment.

Countries around the world are facing massive refinancing requirements. However, confidence even in leading bond issuers has suffered. Fierce competition for capital is looming.

Inflation would have fallen sharply in 2023 even without the ECB's interest rate hikes, says ING chief economist Carsten Brzeski, In this interview Brzeski explains why he believes this to be the case, why the central bank's course was nevertheless correct in principle and what monetary policy will be necessary in 2024 from his point of view.

In the stock market this year, companies like Bayer, FMC, and Siemens Energy experienced how billions can vanish into thin air rapidly. These flight movements also reflect a changed risk profile that investors are facing.

Even in times of high-interest rates, private equity firms are able to earn a lot of money with company investments.