The £21-billion merger of London Stock Exchange (LSE) with Deutsche Börse is facing an increasing resistance from Germany. Politicians and senior industry leaders are concerned about losing the financial hub status of Frankfurt.
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Two of the most prominent European stock exchange, Frankfurt and London has agreed to merge on Wednesday. The merger between them will create a new European trading powerhouse.
Under a supposed repatriation program, Germany is bringing back its gold reserves from the vaults of Paris and New York. Germany had stored all its bullion overseas fearing a Soviet Union attack during the Cold War. Till date, the Deutsche Bundesbank has managed to get around 366 tons to Frankfurt, which is almost half of the total reserve of 674 tons that it plans to repatriate by 2020.
Thousands of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters.
New Orleans lawmakers cleared online for-hire car firms such as Uber on Thursday to offer luxury taxi-like services in the city, handing the fast-growing sector a partial legal victory.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the opening of our new office in Frankfurt, Germany. The new location strengthens Woodbridge's presence in Europe, allowing the firm to provide a full range of cross-border investment banking services to German companies seeking divestitures, acquisitions and joint ventures.
Berlin, Germany-based car sharing startup CiteeCar landed $10 million in its Series A funding round led by Mangrove Capital Expansion to expand in Germany and in selected international cities.
India-based mobile operator Bharti Airtel has raised EUR750 million in a bond issue that received bids worth EUR3.8 billion. The bond issue aimed to refinance the company's existing debt.
Switzerland's Credit Suisse is selling its private customers business to German Bethmann Bank. Under the deal, Bethmann will take over Credit Suisse's 9,000 clients with EUR10 billion assets in Germany.
Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse.
