Berlin / Hannover (dpa) – The chemical union IG BCE will require a shorter working week for employees aged 60 and over in the next bargaining round in 2015. “From 60 years to continue a three-or four-day week possible,” IG BCE CEO Peter Hausmann said the “Rheinische Post” (Wednesday). “It’s about reducing the burden, then the employees can be held longer in the factories.” For the Federal Employers’ Federation chemistry a general reduction in working hours from 60 is not an option. The Tariff Commission of the IG BCE had on Tuesday advise such a requirement is to be negotiated in the next round of collective bargaining. Employees shall receive from the pension fund a partial pension and the operating a wage adjustment
collapse of markets in Brazil and Russia loaded auto industry
Berlin / Brussels (dpa) -. The collapse of the markets in Russia and Brazil makes the auto industry increasingly to create. In Brazil, sales fell in August by 17 percent, in Russia there was an increase of almost 26 per cent down. The German industry association VDA said in Berlin on Wednesday of a “difficult shape” of the two markets. In contrast, the world’s most important markets of China and the United States are continuing to grow and thus support the auto industry. In China, nearly 1.4 million new cars were sold in August. These were almost 10 percent more than last month. The American market rose by over 5 percent to nearly 1.6 million vehicles
Banks: International crises weigh German economy
Berlin (dpa) – The crisis in Ukraine and. in the Middle East dampen the view of the Bank Association of economic growth in Germany. The industry association on Wednesday lowered its economic forecast for this year from 1.8 percent to 1.5 percent. Next year, the gross domestic product will grow by 1.6 percent – far, the banks had expected an increase of 2 percent. The companies were cautious with investments, the economy losing momentum, it said. The risk of a recession but not there. Important conditions are favorable: high employment, low interest rates, good prospects for the economy in the United States and a lower euro exchange rate
study. Many individual investors achieve real estate hardly yield
Frankfurt / Main (dpa) – Investments in real estate are often not worthwhile for private investors in Germany according to one study. According to a study published in Frankfurt on Wednesday analysis of the German Institute for Economic Research (DIW) on behalf of the value base Immobilien AG generate 8.5 percent of real estate negative gross returns, further 24.6 percent achieved a return of zero percent. One fifth of investment (20.7 percent) in real estate raises gross returns from zero to two percent. The study is based on data from the year 2012 “Assuming an average inflation rate of two percent per annum from, are the returns of more than 50 percent of property investments below the inflation limit,” the basic value-CEO Thomas Meyer. However, real estate investments would total achieved during the financial crisis stable average yields of annual two to three percent
wanted more space for passengers of the capital airport
Berlin (dpa) -.’s New capital city airport is according to expectation the operator from the start to be too small. This Friday, the Supervisory Board will therefore advise as to where additional space for passengers can be created. In preparation came together on Wednesday the project committee of the supervisory body. The Supervisory Board had Airport CEO Hartmut Mehdorn granted five million euros for planning. He wants to use the new addition to the adjacent terminal of the old Schönefeld airport. Agreed, however, that there feeding the flight readiness of the covenant, until the new government terminal is built next door. . Because he does not want to shake Mehdorn to do both a hat collar
Dax puts to – hope spurred on further loose U.S. monetary policy
Frankfurt / Main (dpa) – Hopes on a more casual US monetary policy have brought gains on Wednesday the German stock market. The DAX benchmark index rose by 0.39 percent to 9671 points. The MDAX gained 0.75 percent to 16,160 points and the TecDax rose by 0.92 percent to 1242 points. For the euro zone benchmark index Euro Stoxx 50, it went up by 0.55 percent. Today’s top theme on the market is the result of the meeting U.S. Federal Reserve after the market close in Europe. In addition, tomorrow’s referendum in Scotland throws on a future independence its shadow. On the bond market, the current yield of listed Federal securities rose from 0.82 percent to 0.83 percent the day before. The bond index fell by 0.09 percent to Rex 137.15 points. The rate of the euro to put. The European Central Bank (ECB) set the reference rate at 1.2956 (Tuesday: 1.2949) dollar notes. The dollar cost so 0.7718 (0.7723) Euro.
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