ROUNDUP: BASF boss changes in troubled times: Kamieth moves to the top LUDWIGSHAFEN – The world’s largest chemical company BASF is getting new management: Asia boss Markus Kamieth (53) will replace long-time group leader Martin Brudermüller after the general meeting of the Ludwigshafen Dax group in April 2024. The 62-year-old’s farewell had been planned for … Read more
ROUNDUP 2: Financial investor Silver Lake wants to take over Software AG – price jump DARMSTADT – US financial investor Silver Lake wants Software AG after investing a good year ago take over now. The Americans, who specialize in technology companies, are offering shareholders 30 euros per share, as they announced on Saturday night. Silver … Read more
MUNICH (dpa-AFX) – Munich Airport is recording significant growth rates in passengers, flight movements and air freight. People wanted to travel again, the demand was greater than the airlines’ supply, said airport boss Jost Lammers on Tuesday. Last year, the number of passengers in Munich rose from 12.5 to 31.6 million, already reaching 70 percent … Read more
NEW YORK (dpa-AFX) – Wall Street is trying to recover on Thursday after the setback caused by interest rate fears. With two hours to go, the Dow Jones Industrial, which had already stabilized the day before, moved higher by 0.61 percent to 33,801.19 points after the main index lost nearly three percent since the end … Read more
NEW YORK (dpa-AFX) – Fears of a further tightening of Chinese restrictions against Covid marred investor sentiment on US stock markets earlier in the week. Beijing’s threat of tougher measures against the coronavirus pandemic has triggered the largest wave of protests in the country in decades and is likely to further dim global economic growth … Read more
NEW YORK (dpa-AFX) – The US stock exchanges recovered somewhat on Monday after the losses they suffered at the end of last week. Positive impetus came from China: The relaxed Covid-19 restrictions in the metropolises of Shanghai and Beijing fueled hopes that the global economy would recover soon. Nevertheless, the latest concerns about inflation and … Read more
NEW YORK (dpa-AFX) – The escalating conflict between Russia and Ukraine had a stronger grip on the US stock markets on Tuesday than initially thought. After the long weekend, the indices got off to a better start than long feared, but over the course of the day they slipped back into the red. The Dow … Read more
NEW YORK (dpa-AFX) – After catching up the day before, the prices on the US stock market continued to rise on Tuesday. Investors focused more on the economic strength of the United States and a little less on the risks to stocks from rising interest rates. The tech-heavy Nasdaq 100 The day before, after slipping … Read more
FRANKFURT / DÜSSELDORF (dpa-AFX) – According to their works councils, automotive suppliers in Germany are not investing enough money in future-proof technologies. The shortage of semiconductors is currently leading to a significant drop in sales and at the same time sharply increasing prices for plastic, steel and aluminum, stated the participants at a specialist conference … Read more
On Tuesday, Wall Street finally expanded its previous day’s losses after initially mixed trading. The mood was depressed, among other things, by disappointing economic data: The US construction industry suffered a setback in April. The number of newly started buildings decreased significantly and hardly any more houses were approved for construction. In addition, regional coronavirus … Read more