Thomas Seythal

1 week ago | cp24.com | Rachel More |Friederike Heine |Thomas Seythal

BERLIN - Volkswagen's premium brand Audi could build a plant at a new location in the United States under scenarios being considered to placate President Donald Trump in the tariff conflict, the Spiegel news magazine reported on Friday. Audi is considering building a plant in the southern U.S., which would be the more expensive option out of a number of scenarios being considered, with company sources estimating costs of up to 4 billion euros (US$4.6 billion), the report said.

3 weeks ago | today.westlaw.com | Tristan Veyet |Thomas Seythal |Ludwig Burger

(Reuters) -German agricultural supplies trader BayWa said on Friday its restructuring plan was confirmed by a Munich court, after it was approved by investors and creditors. The restructuring plan is to be implemented as soon as the confirmation...

4 weeks ago | gurutrade.com | Rachel More |Thomas Seythal

BERLIN, May 30 (Reuters) - Economists expect Germany's inflation rate to ease further in May towards the European Central Bank's longer-term target of 2%, but state data released on Friday before the national figures painted a mixed picture. In Bavaria, the inflation rate remained unchanged in May at 2.1%. In Baden-Wuerttemberg it eased to 2.2% from 2.4% in April, in North Rhine-Westphalia it rose to 2.0% from 1.8%, and in Lower Saxony it inched up to 2.3% from 2.2%.

1 month ago | gurutrade.com | Friederike Heine |Maria Martinez |Maria Martínez |María Martínez |Thomas Seythal |Aidan Lewis

BERLIN, May 23 (Reuters) - The German economy grew significantly more in the first quarter than previously estimated due to good economic developments in March, according to a second estimate published on Friday. The economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, the statistics office said, revising a preliminary reading of 0.2%. Germany's sluggish economy has not grown at that pace since the third quarter of 2022, when it expanded by 0.6%.

1 month ago | gurutrade.com | Christoph Steitz |Thomas Seythal

Q1 RCO of 235 mln eur, beats 207 mln poll Confirms 2025 outlook North America RCO down nearly two thirds FRANKFURT, May 8 (Reuters) - Heidelberg Materials, the world's second-biggest cement maker, on Thursday reported forecast-beating first-quarter sales and profits and confirmed its outlook, citing strong growth in Africa.