Christoph's Feed
Jan 21, 2011

No end in sight to India’s growth boom – Goldman

FRANKFURT (Reuters) – Indian stocks remain a clear buy for the next few years because inflation fears and concerns about overvaluation are unjustified, Goldman Sachs Asset Management’s chief investment officer for India said.

Thomson Reuters StarMine showed Indian equities trade at 13.5 times estimated 12-month forward earnings, the highest multiple among high-growth emerging markets dubbed BRIC (Brazil, Russia, India, China).

Dec 17, 2010

Ghosts of the Cold War haunt hotel

FRANKFURT (Reuters) – The Berlin Wall came tumbling down two decades ago, but you can still revel in the rural holiday splendor enjoyed by the man whose iron rule of East Germany crumbled with the collapse of communist power.

Just an hour’s drive north of Berlin deep in the woods of eastern Germany, visitors will find a unique blend of communist and feudal spirits alive at the holiday retreat formerly reserved for German Democratic Republic leader Erich Honecker.

Dec 17, 2010

Ghosts of the Cold War haunt east German hotel

By Christoph Steitz

FRANKFURT (Reuters Life!) – The Berlin Wall came tumbling down two decades ago, but you can still revel in the rural holiday splendor enjoyed by the man whose iron rule of East Germany crumbled with the collapse of communist power.

Just an hour’s drive north of Berlin deep in the woods of eastern Germany, visitors will find a unique blend of communist and feudal spirits alive at the holiday retreat formerly reserved for German Democratic Republic leader Erich Honecker.

Dec 8, 2010

Germany’s DAX seen continuing recovery in 2011: Reuters poll

FRANKFURT (Reuters) – Germany’s benchmark DAX index

may reach a nearly four-year high by the end of 2011, a Reuters poll showed, as strong growth in emerging markets could help the country’s export-oriented economy, Europe’s largest.

The DAX, consisting of Germany’s top 30 stocks, was seen at 7,400 points by mid-2011, up nearly 6 percent from Tuesday’s close at 7,001.91, and significantly higher than the 6,750 predicted in the September poll, according to the median of 30 equity strategists.

Dec 2, 2010

Infineon says to fight Qimonda legal action

FRANKFURT/PARIS, Dec 2 (Reuters) – German chipmaker Infineon
(IFXGn.DE: Quote, Profile, Research, Stock Buzz) said it would defend itself vigorously against legal
action by the insolvency administrator of Qimonda, its former
memory chip unit, seeking an unspecified payment.

“We are firmly convinced that we have done nothing wrong,”
an Infineon spokesman said on Thursday, adding that the company
would defend itself against this action and pursue all avenues
of legal proceedings.

Nov 14, 2010

Analysis: Is there a “Made in Germany” premium for solar?

FRANKFURT (Reuters) – Sprucing up your company profile by hiring a popular soccer player and a former international TV celebrity to star in advertisements may be run of the mill marketing for some.

For a solar company, it may give the edge needed to survive in a fiercely competitive and fast-changing environment.

Nov 12, 2010

Germany’s SMA, Q-Cells to search for sun abroad

FRANKFURT (Reuters) – Two of Europe’s biggest solar power equipment companies are to make foreign sales a priority next year, as a cut in generous subsidies is expected to hit demand at home in Germany, the world’s biggest solar market.

Lower subsidies on tariffs for new solar power generators in Germany, which accounts for about half the global solar market, are expected to cool demand for new installations next year.

Nov 12, 2010

SMA, Q-Cells see foreign expansion as key next year

FRANKFURT, Nov 12 (Reuters) – Two of Europe’s biggest solar
power equipment companies are making foreign sales a priority
next year as a cut in subsidies is expected to hit demand at
home in Germany, the world’s biggest solar market.

Lower subsidies supporting solar power generators in Germany
are expected to cool demand for new installations to about 6
gigawatts (GW) next year, down from an expected 8-9 GW this
year, and accounting for about half the global equipment market.

Nov 11, 2010

Conergy re-enters restructuring talks with banks

FRANKFURT, Nov 11 (Reuters) – Debt-laden solar power
equipment company Conergy (CGYG.DE: Quote, Profile, Research, Stock Buzz) has re-entered talks with
banks after an independent review concluded that its balance
sheet needs restructuring, it said on Thursday, almost four
months after it struck an initial refinancing deal.

Conergy has been piling up losses in recent years after it
ran into trouble by expanding into too many parts of the
renewable energy industry. Since then, the company has been
going through a painful phase of restructuring, leading it to
raise capital, streamline its activities and cut costs.

Nov 10, 2010

German solars uncertain on 2011, subsidy cuts weigh

FRANKFURT (Reuters) – Solar wholesaler Phoenix Solar and equipment supplier Centrotherm declined to give outlooks for 2011 on Wednesday, as subsidy cuts in the key German market dampen demand.

A day earlier, shares in Chinese peers JA Solar Holdings and Solarfun fell, despite delivering strong quarterly results and outlooks, as investors remain concerned that falling subsidies could curb margins.

    • About Christoph

      "I'm responsible for the coverage of German renewable companies, mainly solar, at Reuters News. Previously, I have worked as a correspondent at Thomson Financial News, covering German technology and construction companies."
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