Word: dresdner
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...EURO]363 million profit for the same period in 2001. Deutsche's Munich-based counterpart HVB, Germany's second-largest bank and Europe's largest lender, also posted a third-quarter loss - of j447 million, compared to a j94 million profit for the same period last year. Commerzbank and Dresdner Bank, a unit of insurance giant Allianz since 2001, look set to follow suit when they publish third-quarter results later this month. Why, in a country once renowned for its scrupulous financial management, are so many banks doing so poorly? The answer is simple: bad debts, a knock...
...weather is being displaced by anecdotes about how cups of coffee have doubled in price. Some moaning is justified: in Greece, studies show, the price of an average "basket" of goods has risen 10%, and surveys in France and Italy find similar increases. According to a new study by Dresdner Kleinwort Wasserstein, the rounding also stopped deflationary price convergence across Europe this year. But things aren't as bad as they seem. Euro-zone inflation has been stable, at only 2.1% in August. And even Greece's 3.6% rate - the euro zone's highest - is historically low. The studies showing...
...market for homegrown Japanese technology and boosting the country's status as an info-age innovator. "With DoCoMo and i-mode, you've got a global brand recognition and excitement over a new product that you haven't seen since the Sony Walkman," says Kirk Boodry, telecom analyst for Dresdner Kleinwort Wasserstein in Tokyo. "The whole business community can point to it and say that Japan is still competitive on a global scale...
...temporary work spaces, non-U.S. firms such as Germany's Dresdner Bank and Royal Bank of Canada also contracted with Comdisco, cramming employees into its Queens facility, which had been outfitted with computers and IT support. Lehman Bros. moved hundreds of workers to its office in Jersey City, N.J., and rented 665 rooms at a Sheraton Manhattan hotel for 1,500 bankers and analysts, carting in fax machines, computers, copiers and desks...
...about going for the jugular. "The A380 will be a new flying experience," he says. "That's what the 747 provided in 1970." He maintains that airlines will probably install casinos, gyms or duty-free shopping in the A380's abundant cargo hold. Joseph San Pietro, an analyst at Dresdner Kleinwort Wasserstein, dismisses such a notion as a flight of fancy. "You're not going to be running on a treadmill if you hit turbulence," he says...