Munich Re plans $1.2 billion offering

Article Abstract:

Munich Re of Germany has launched a rights offering worth $1.2 billion in an effort to raise capital for use to fuel a growth outside of Europe. The company, the largest reinsurer in the world, chose to unveil plans to simplify its share structure to prepare for listing on the New York Stock Exchange. Munich Re intends to build up its business in primary insurance, looking intensively at expanding it in Latin America, Eastern Europe and Asia.

Comment:

Launches a rights offering worth $1.2 billion in an effort to raise capital for use to fuel a growth outside of Europe

Insurance, Insurance Carriers and Related Activities, Securities issued, listed, Munich Reinsurance Co., Article

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Three-nation summit stirs up EU: Germany, France and U.K. call for economic fixes; uninvited nations grumble

Article Abstract:

A meeting between United Kingdom Prime Minister Tony Blair, French President Jacques Chirac and German Chancellor Gerhard Schroder focused on measures targeting the creation of jobs, fostering innovation, and reforming health care systems. The summit generated criticism from the leaders of nations who were not invited.

United Kingdom, Strategy & planning, Government expenditures, France, Economic Programs, Administration of Economic Programs, Planning, Economic policy, Political aspects, Comparative analysis, European Union, Economic indicators, Company business planning, Domestic policy, Government programs

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Germany expects GDP to rise by 2.5% in 2000

Article Abstract:

German Gross Domestic Product is expected to rise by 2.5% in 2000, as the economy picks up steam due to higher domestic spending and an increase in world trade. In the fourth quarter of 1999, the German economy grew at 1% from the third quarter, and the growth rate continues to rise.

Gross Domestic Product, Statistical Data Included, Finance, Forecasts and trends, Brief Article

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