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Jan 31, 2012

German retail sales unexpectedly fall in December

BERLIN (Reuters) – German retail sales fell unexpectedly in December, suggesting Europe’s debt crisis unsettled consumers during key Christmas trade, although economists said they expected the preliminary data to be revised upwards.

The notoriously volatile indicator fell 1.4 percent in real terms on the month, and 0.9 percent on an annual basis, data from the Federal Statistics Office showed. The indicator missed forecasts in a Reuters poll of economists for gains of 0.9 and 1.4 percent respectively.

Jan 30, 2012

Berlin tones down Greek budget overseer debate

BERLIN (Reuters) – Germany tried on Monday to tone down reports, sparking indignation in Greece, that it wants a new euro zone “budget commissioner” with the power to veto budget decisions taken by the Greek government.

A German finance ministry spokesman said on Monday the euro zone was discussing several ways to closely guide the implementation of budget savings programs in countries that have taken up rescue funds, but had not settled on one proposal.

Jan 22, 2012

Newsmaker: Megaupload a story of Dotcom boom and bust

By Lincoln Feast and Sarah Marsh

(Reuters) – Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com’s digital storage services in an online promotional video, a cameo from the website’s founder would have gone unnoticed by many.

As the voiceover boasts of the site’s billion users and four percent share of all Internet traffic, a colossal figure clad in black appears in a music studio.

Jan 22, 2012

Newsmaker: Megaupload a story of Dotcom boom and bust

By Lincoln Feast and Sarah Marsh

(Reuters) – Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com’s digital storage services in an online promotional video, a cameo from the website’s founder would have gone unnoticed by many.

As the voiceover boasts of the site’s billion users and four percent share of all Internet traffic, a colossal figure clad in black appears in a music studio.

Jan 22, 2012

Megaupload story of Dotcom boom and bust

Jan 22 (Reuters) – Among the roll-call of hip-hop
artists and other celebrities plugging Megaupload.com’s digital
storage services in an online promotional video, a cameo from
the website’s founder would have gone unnoticed by many.

As the voiceover boasts of the site’s billion users and four
percent share of all Internet traffic, a colossal figure clad in
black appears in a music studio.

Jan 12, 2012

Economic growth cuts Germany’s 2011 borrowing

BERLIN (Reuters) – Strong economic growth rather than savings helped Germany borrow nearly two thirds less than originally planned in 2011, but borrowing will rise again this year as Europe’s bulwark economy starts to feel the pain of the euro debt crisis.

Net new government borrowing for 2011 was 17.3 billion euros, well below the originally planned 48.4 billion euros and down from November’s revised estimate for around 22 billion euros, the Finance Ministry said on Thursday.

Jan 9, 2012

Investors pay to lend to Germany, want more from France

BERLIN, Jan 9 (Reuters) – Investors paid to lend
Germany a combined 3.9 billion euros for six months on Monday,
accepting a loss in a renewed flight to safety from the euro
zone debt crisis.

France, by contrast, had to pay more to borrow short-term
funds, albeit that demand for its bills was strong. Investors
are increasingly focusing on a handful of euro zone economies,
notably Germany and The Netherlands, to park their money.

Jan 9, 2012

Investors pay to lend money to Germany

BERLIN, Jan 9 (Reuters) – Investors paid to lend
Germany a combined 3.9 billion euros for six months on Monday,
reflecting a renewed flight to safety on fears over the euro
zone debt crisis.

While yields on the bonds of peripheral euro zone countries
have hit record highs in recent months on concerns about the
debt crisis, Germany’s yields have fallen to record lows.

Jan 9, 2012

German surplus widens, France set for record trade gap

BERLIN (Reuters) – German exports bounced back in November boosting the country’s trade surplus, a sign that Europe’s largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.

The leaders of the two countries met on Monday to find ways to create faster growth and help the euro zone out of its debt crisis.

Jan 5, 2012

German retail sales dip in Nov, trend still strong

BERLIN, Jan 5 (Reuters) – German retail sales fell 0.9
percent on the month in November but the Federal Statistics
Office said that figure would probably be revised after a
bullish Christmas that may have helped sales to their fastest
full-year growth since 2004.

Retail sales likely rose between 1.1 and 1.3 percent in real
terms in 2011, and between 2.7 and 2.9 percent in nominal terms,
the Office said in an initial estimate, pointing to strong
private consumption that is offsetting a decline in external
trade for Europe’s largest economy.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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