Amidst the economic slowdown of China and US, the stocks of Germany have further impacted the world economy as its market today tumbled lower than expected. Before the news of Germany's shares slopping down, the US dollar was doing quite well.

In a recent report by the Federal Statistical Office, Germany’s exports growth has been shared in public domain. The report claimed that Germany encountered a growth of 14.7% in the first six months of 2011 and the major contributing factor was export to the non-European countries.

Against the value of euro458.3 billion in the first six months of 2010, this year figure notched up to euro525.6 billion ($721.60 billion), thereby reinforcing the fact that Germany is the world's second largest exporter.

It seems that the lingering fears of recession have gripped the market to an extent that business decision is getting affected by the same. It has been reported that deciphering the volatile movement being experienced by countries across the world, Siemens AG has announced to extend its plans for issuing an initial public offering of shares in light bulb maker Osram.

Confirming the same, Siemens AG claimed: "In view of the highly volatile environment on the capital markets and possible effects on the industry ... Osram is to be listed at a later date”.

The losses incurred by the UBS’s traders have further added woes to the soaring economy of European countries. Swiss banks have already been struggling to cope up with the intolerable financial crunch and the losses incurred by the UBS’s traders have further put it into a tight position.

It has been informed that risk management practices would be installed by the bank so that losses from the property investment could be avoided. It has come to light that the loss to the UBS was caused by a fraudulent investor, who caused a loss of $2.0 billion by trading illegally.

The debt crisis in Eurozone has seen no respite in the past few months. According to recent reports, it has been revealed that there has been a counter attack developed by the chancellor of Germany, Angela Merkel, in order to stabilize the currency of the nation for the benefit of the economy.

On Monday, the main financial markets regulator of Germany, Federal Financial Supervisory Authority permitted implementation of barter deal, finalized earlier in February consequent to a statement in which Deutsche Boerse has claimed that assessments equivalent to probes of shareholder control carried out by stock-exchange authorities.

Further, in a statement, the representatives of the Frankfurt-based exchange said: "BaFin's overall conclusions were that there are no grounds against the merger in Germany in terms of banking supervisory regulations".

Babcock & Wilcox (B&W) Company has won the bid for the construction and maintenance of biomass power plant in Berlin, New Hampshire. On Tuesday, the shares of the B&W mounted by 3.6% to $19.98 a share after the announcement of the news.

Yesterday, the Chief Financial Markets Regulator approved merging of Deutsche Boerse as well as NYSE Euronext (NYX).