Economy

Germany Working For the Betterment of Euro: Angela Merkel

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.

Supervisory Authority Approves Exchange Deal

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".

B&W Wins the Bid for Biomass Energy Plant in Berlin

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.

Markets Regulator Approves Merge Of Deutsche Boerse and NYSE Euronext (NYX)

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

Qatar Tourism Authority Making Efforts to Strengthen MICE

Qatar Tourism Authority (QTA) will be holding a meeting with the German representatives to strengthen the emerging Meetings, Incentives, Conferences and Exhibitions (MICE) industry of the country.

Qatar has been working quite efficiently and has promoted various tourist spots.

QTA Head of Promotions and Organising Abroad Exhibitions Soha Moussa stated that in the last three years, QTA has been organizing a lot of road shows to popularize the travel destination and the invitation to the German representatives has been send to popularize the region.

Germany Shows Positive Growth in Production

Recent reports have revealed that the production in Germany has seen an increase of far more than what was expected. It has been revealed that the figures show a surge of 4% in the month August. This was a way of putting off the risk of debt crisis in Germany, and they seemed to have outdone themselves.

The analysts had hoped for a very light shift and are very happy to see this growth. This might be a real positive sign for the Eurozone as it would mean a step forward in their recovery from the debt crisis.

Sharp Fall Recorded in German Exports

Recent reports have revealed that the exports in Germany have seen a sharp fall in the month of July. They have seen a fall of about 1.2% merely in the month of June. Analysts were of the view that the exports would fall by 0.1%.

It was also reported that the imports from Germany have seen a fall of about 0.3% during the same period of time. It was expected that there would be a rise of 0.2%. It has been shown by the latest figures that it’s economic position, even though the largest in Europe, is now seeing a downfall.

Reports Depict Decline in German Industrial Orders

Earlier on Tuesday, various reports reflected significant roll down in German industrial orders during July, having a strong influence from the push in capital goods demand for foreign. Afterwards, one of the government's main economic advisers, Lars Feld marked feeble consumer expenditure, fluctuated global economy as well as global crisis as possible factors that can weigh on growth, especially during third and fourth quarters.

During a telephonic interview, Feld has expressed confidence that feasible growth rates will be realized in particular two quarters.

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