News 

U.S. prosecutors charge German man with supporting al Qaeda

“NEW YORK (Reuters) – U.S. prosecutors on Wednesday accused a German man currently imprisoned in France of supporting al Qaeda in the years leading up to the Sept. 11, 2001 attack on New York City, and conspiring to kill Americans” writes Midwest Communications Inc for 95kqds.com. They said Ganczarski helped al Qaeda plan attacks on Americans by sharing his expertise in computers, radio communications and weapons systems, and that he traveled from Germany to Pakistan and Afghanistan at least five times between 1999 and 2001 and met with al Qaeda…

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Markets News 

Treasury yields lower ahead of Empire state survey

“Treasury yields were slightly lower ahead of the Empire State manufacturing survey in what looks to be a muted day for trading” writes Sunny Oh for marketwatch.com. The 10-year Treasury note yield TMUBMUSD10Y, -0.02% fell to 2.536%, from 2.551% late Friday, according to WSJ market data.The data release offers an economic snapshot of the state of New York. “In the week ahead, the market will grapple with 2-year yields over 2% and 10-year yields that could well test 2.60% again.The 2-year note yield TMUBMUSD02Y, +0.00% was mostly flat at 1.998%,…

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Markets News 

German watchdog calls for direct comparison of cancer immunotherapies

“The procedure of the early benefit assessment does unfortunately not allow a comparison of new drugs against each other,” IQWiG Director Juergen Windeler said in a statement” writes Midwest Communications Inc for 95kqds.com. This has resulted in some drugs not getting launched in Germany, Europe’s largest pharma market, or being withdrawn soon after their launch.When several new drugs in the same class hit the market in quick succession they are typically compared to older treatment standards in drug trials and not against each other. Source: 95kqds.com Share This:

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News Stocks 

Drugmaker Dermapharm gears up for likely first German IPO of 2018

“Privately held Dermapharm is targeting earnings before interest, tax, depreciation and amortization of 139 million euros sales on sales of 562 million euros this year, according to the analysts” writes Midwest Communications Inc for 95kqds.com. FRANKFURT (Reuters) – German drugmaker Dermapharm is preparing for an initial public offering (IPO), probably stealing a march on much larger Siemens’ healthcare unit Healthineers as the first stock market flotation in Germany this year.Dermapharm, which makes generic drugs, cosmetics, dietary products and medical devices, said on Monday it aimed to raise about 100 million…

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Markets News 

German carmakers eye further U.S. market share gains in 2018-VDA

“DETROIT (Reuters) – German automakers expect to continue to grow market share in the United States this year thanks to a raft of new models, even as demand in the world’s second largest car market is seen falling again slightly, Germany’s VDA industry lobby said” reports businessinsider.com. Manufacturers including Volkswagen , Daimler and BMW raised their combined share of the U.S. auto market to 7.9 percent of industry-wide sales last year from 7.6 percent in 2016.”I expect that we will be able to grow our market share further in 2018…

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Airbus in talks with German prosecutors to end jet probe

“The aviation and defense company says that “once concluded, Airbus will disclose the result.”” reports foxbusiness.com. The company described as “pure speculation” a report late Saturday by German daily Sueddeutsche Zeitung that Airbus might avoid going to trial by paying a fine of 70-80 million euros ($85-97 million). Separately, Airbus said it has been notified of an arbitration ruling in a case involving subsidiary Matra Defense, ordering it to pay 104 million euros for breach of contract in the 1992 sale of missiles to Taiwan. Source: foxbusiness.com Share This:

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Fresh doubts over German coalition amid fears of SPD rebellion

“Mrs Merkel and the SPD leader, Martin Schulz, sealed a deal to open formal coalition negotiations on Friday after marathon 24-hour talks” writes Tom Welsh for telegraph.co.uk. The deal has already lost its first vote, after the SPD regional association in Saxony-Anhalt voted to oppose joining a coalition.But the agreement has to be approved by a special SPD part congress next Sunday, and there are signs of growing discontent within the party. Source: telegraph.co.uk Share This:

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News Regulators 

Euro hits 3-year high on breakthrough for German coalition talks

“December core inflation rose 0.3%, compared with MarketWatch consensus forecast of 0.2%, while headline numbers were in line with estimates at 0.1%” writes Markets Reporter for marketwatch.com. The U.S. dollar meanwhile held the losses it incurred on the back of euro strength, even as data showed that core inflation rose slightly more-than-expected in December.On the year, inflation rose 1.8%, up modestly from 1.7% before. Source: marketwatch.com Share This:

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News Stocks 

European stocks edge up with Fiat gaining, but euro jumps on German progress

“The Stoxx Europe 600 index SXXP, +0.19% rose 0.1% to 397.64” writes Markets Reporter for marketwatch.com. European stocks edged higher Friday, with Fiat Chrysler Automobiles NV and industrial names advancing, but gains were held in check by a surging euro on the back of a breakthrough in German government-coalition talks.The coalition news sent the euro surging above $1.21 against the dollar for the first time since January 2015.Germany’s DAX 30 index DAX, +0.26%  was up 0.1% at 13,215.12, and France’s CAC 40 PX1, +0.34%  picked up 0.1% at 5,493.95. Source: marketwatch.com…

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