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
Frankfurt/Main Unlike the Dax, the MDax did not make any gains, with the index of medium-sized titles falling by 0.53 percent to 28,231.01 points. The two food suppliers Hellofresh and Delivery Hero suffered losses here. A deteriorating outlook from the world’s largest chip producer TSMC weighed on the semiconductor sector. The shares of the chip … 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
Adidas-Chef Kasper Rorsted, Mercedes-Benz, Fresenius, BASF, RWE Many German companies are currently correcting their forecasts – both upwards and downwards. – (Photo: Fresenius, BASF, dpa) – – – – Düsseldorf On Tuesday, the division of the German economy became apparent within a few minutes. First, wind turbine maker Siemens Gamesa scaled back its revenue and … 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
Frankfurt/Main (dpa) – With some tailwind from the Asian stock exchanges, the German stock market started the last trading day of the week in a friendly manner. China wants to mitigate the economic slowdown by lowering an important reference interest rate for long-term loans. This has already boosted courses in the Far East. At the … 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