World Bulletin / News Desk
Chancellor Angela Merkel said early Monday her efforts to create a three-way government including her conservative CDU/CSU, liberal Free Democratic Party (FDP) and Greens had failed after four-and-half weeks of talks.
"As chancellor, I will do everything to ensure that this country is well managed in the difficult weeks to come," she told reporters after the talks.
Over the collapse, Frankfurt DAX fell 0.38 percent upon opening, while the euro currency dropped as much as 0.6 percent against the U.S. dollar.
Merkel’s CDU and its CSU allies were the largest bloc after federal elections on Sept. 24, but failed to secure an absolute majority in parliament.
A potential coalition between the CDU/CSU, FDP and the Greens, was often referred to as the "Jamaica coalition", as the traditional colors of these parties -- black, yellow and green -- correspond to Jamaica's flag.
The far-right Alternative for Germany (AfD) had been ruled out of coalition talks by Merkel.
In a statement, it said this reduction in the tax burden would however lead to a slower drop in the public deficit this year, which it predicts will reach 2.5 percent of GDP -- still below the 3.0 percent limit set by the European Union.
Ryanair said it has agreed to pay the sum for a majority 75-percent holding in Vienna-based LaudaMotion from the former Formula One motor racing champion.
The tech-rich Nasdaq Composite Index dropped 1.8 percent to close at 7,344.24.
CPI’s 12-month rate in February fell from 3 percent, official data reveals
Cement exports have gone up 6.9 percent to reach around 8 million tons, year-on-year, in 2017
BIST 100 rises 0.51 pct; USD/TRY exchange rate drops and EUR/TRY exchange rate stays
Of the major indices, Facebook weighed most heavily on the tech-rich Nasdaq Composite Index, which was down 0.9 percent to 7,411.34 about 20 minutes into trading.
Company to release new commercial and defense products, head of company says
EA19's exports and imports rise 9.1 percent and 6.3 percent, respectively, year-on-year in January
Micro Focus warned in a statement that year-on-year revenues had fallen by more than anticipated since January, sending its shares slumping 55.88 percent to 831.40 pence.
Economy minister: Ankara 'absolutely' against Russia's limit on number of companies importing Turkish tomatoes
Turkey's assets abroad climb 2.1 pct at end of January 2018, compared with end-2017, according to Turkish Central Bank
BIST 100 opens 0.04 pct lower, Turkish lira loses value against foreign currencies
Listed shares in BIST 100 rise 0.01 percent; US dollar/Turkish lira rate climbs over 3.90; EUR/TRY stands at 4.80
Turkey bridges Muslim world and West, according to General Council for Islamic Banks and Financial Institutions
Britain intends to seek free trade deals with its major trading partners once it leaves the EU, as planned, in March 2019.