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ECB Leaves Interest Rates Unchanged

The European Central Bank left its interest rates unchanged at record lows as a sluggish eurozone economy and persistently weak inflation have raised hopes that the ECB will eventually beef up its stimulus programs.

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main international station as the country’s Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk.

Global Markets Bounce Back

Stocks around the world extended gains as investors looked for signals of how central banks will contend with upheaval in financial markets.

China to Slim Down Military

Xi Jinping announced a reduction of 300,000 troops to China’s armed forces, part of a series of reforms to strengthen a military striving to assert increasingly global interests.

Europe File

Tsipras Moves Greece Past Austerity Debate

Greeks can now have a conventional political debate on the choices needed to hit its bailout targets.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Soda, Health Officials Duke It Out

The soda industry is playing a never-ending game of Whac-A-Mole with health officials and anti-obesity campaigns in cities across the country. When it beats down critics in one place, they pop up in another.

Natalie Massenet Leaves Net-a-Porter

The founder and executive chairman of Net-a-Porter has abruptly resigned, leaving the high-end fashion site ahead of its pending merger with Yoox.

Small Firms Slow to Embrace Chip-Card System

Many small businesses aren’t racing to update their checkout systems ahead of an Oct. 1 shift that will put merchants on the hook for some fraudulent card charges.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Credit-Card Fraudsters Pump Gas Stations for Profit

A delay in guidelines encouraging gas stations to upgrade their equipment leaves them more vulnerable to credit-card fraud than other sectors.

As motorists head out on the last big driving weekend of the summer, the credit-card industry and gas-station owners are deploying everything from sophisticated software to heavy-duty padlocks to combat an epidemic of fuel-related theft and fraud.

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

World Tree Count Climbs

There are slightly more than three trillion trees in the world, a figure that dwarfs previous estimates, according to the most comprehensive census yet of global forestation. 175

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Gas Discovery in Egypt Troubles Israel

Israeli officials have expressed concern that the discovery of an extensive gas field off the coast of Egypt could upend Israeli development of its energy resources.

Masked Gunmen Kidnap 18 Turkish Workers in Baghdad

Identities of the gunmen in an early-morning raid on a sports stadium weren’t immediately known, as Turks in Iraq were seized for a second time in the past year.

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 1839

Solitary Confinement Poses ‘Grave Problem,’ Study Says

Prisons are holding as many as 100,000 inmates in solitary confinement, a striking figure that poses a “grave problem” for the criminal justice system, according to a study. 57

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 189

Court Weighs Request to Immediately Stop Phone-Data Collection

An appeals court panel is considering whether to allow the government to continue the bulk collection of phone records during a six-month transition period until a new law kicks in prohibiting the controversial program.

Biden’s Florida Trip Draws Campaign-Level Attention

Vice President Joe Biden received full-court national attention for an otherwise routine visit to Miami Dade College, with dozens of television cameras, photographers and reporters there to cover his 30 minutes of remarks.

Video

Suicide Bombings at Yemen Mosque Kill at Least 22

1:20

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

A Modigliani Painting for $100 Million?

Christie’s International said it expects to ask roughly $100 million for a Modigliani nude that will be auctioned this fall, a bold reflection of how prices for blue-chip paintings have skyrocketed in recent seasons.

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Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Infineon-Chef kämpft mit der Technik

Es ist schon eine ziemliche skurrile Situation: Da sitzt das Management eines der unbestritten innovativsten Unternehmen Deutschlands auf dem Podium und erklärt den Aktionären bei der Hauptversammlung, welche Vorteile es mit sich bringt, wenn man – als einziges Unternehmen weltweit wohlgemerkt – in der Lage ist, Leistungshalbleiter auf 100 Millimeter größeren Wafern zu produzieren. Leistungshalbleiter? Wafer? Man muss als Anteilseigner schon einigermaßen interessiert sein, was man mit seinen Aktien eigentlich hält, um hier mitzukommen. Da können sich Vorstandschef Reinhard Ploss, Finanzchef Dominik Asam und Technologievorstand Arunjai Mittal noch so sehr anstrengen, das in einfache Worte zu fassen.

Doch, und das ist die irgendwie beruhigende Nachricht für jeden, der im Kampf mit der alltäglichen Technik des modernen Lebens schon einmal verzweifelt ist: Wenn es darum geht, das Gesagte auch hörbar zu machen, sprich das Mikrofon erst an- und nach dem Statement wieder auszuschalten, ist auch ein ausgewiesenes Technik-Ass wie Ploss überfordert. Immer wieder legt er, ebenso wie Asam los, bevor er das magische Knöpfchen gedrückt hat, das die Aussagen – wie bei Hauptversammlungen allgemein üblich – bis in die Toilette überträgt.

Auch das mit dem Ausschalten ist offenkundig gar nicht so einfach. Bisweilen ist das Getuschel zwischen den Vorständen und Aufsichtsratschef Wolfgang Mayrhuber noch zu hören, wenn ein anderer am Podium schon wieder eine neue Frage aus dem Plenum beantwortet. Menschlich, irgendwie sympathisch ist das – wie auch gerade Ploss auch sonst einen angenehm, im positiven Sinn hemdsärmeligen Eindruck vermittelt – und das auch mit Jackett. Anders als so mancher Dax-Vorstand ist er, wie schon sein Vorgänger Peter Bauer, dem bei seiner ersten Hauptversammlung nach seinem krankheitsbedingten Ausscheiden viel Sympathie entgegenschlägt, ganz und gar nicht abgehoben.

Und so ist Ploss eben auch vor den technischen Finessen mit all ihren Tücken nicht gefeit. Die Fragen der Aktionäre hat er, wie seine Kollegen am Podium auch, auf einem Touchpad vor sich, das er und Asam mit ihren Bedienstiften bearbeiten, was das Zeug hält. „Haben wir noch eine Frage“, fragt Ploss nach einer Antwortrunde fast schon hilflos in die Runde. „Moment, bitte geben Sie uns einige Sekunden“, ersucht er die Zuhörer, als er zum wiederholten Mal sichtlich von der zickigen Technik aus dem Konzept gebracht wird. Asam drückt wie wild und kann Ploss schließlich beruhigen: „Nein, keine Fragen mehr!“

Mayrhuber, der sich lange tapfer gehalten hat, kommt schließlich auch noch ins Trudeln: Als er das Mikrofon endlich an hat, ist er dermaßen irritiert, dass er die Namen der nächsten Redner erst nach mehreren Versprechern sortiert bekommt.

Aber vielleicht liegt das neben der Technik auch an den Rednern: Je länger die Hauptversammlung dauert, desto kruder werden die Redebeiträge. Kleiner Ausschnitt gefällig? „Sagen Sie, Herr Ploss – äh – heißen Sie eigentlich Dr. Ploss? Sie haben ja schon eine gewisse Ähnlichkeit mit Herrn Schumacher“, sorgt ein Kleinaktionär in seiner stockend vorgetragenen Rede sowohl für Kopfschütteln wie auch für Gelächter. Ein Vergleich, den Ploss – etwaige Ähnlichkeit hin oder her – sicher nicht gern hören wird: Dem einstigen Vorstandschef Ulrich Schumacher musste Infineon nach einer jahrelangen Schlammschlacht ein millionenschweres Ruhegehalt zahlen.

Mayrhuber jedenfalls nimmt die Sache mit dem Aussehen mit Humor: Als ihn ein Kleinaktionär auf sein Foto im Geschäftsbericht anspricht, das ihn deutlich jünger erscheinen lässt als in echt, kontert er schlagfertig: Der Alterungsprozess, den er beim Blick auf das Foto erkenne, erschrecke auch ihn, witzelt er unter dem Gelächter der Anwesenden. „Doch, da kann ich Sie beruhigen, an meiner Arbeit bei Infineon liegt das nicht.“ Punkt, Satz, Sieg – wenn schon nicht technisch, so wenigstens rhetorisch. Da soll noch einmal einer sagen, dass Hauptversammlungen kein Unterhaltungspotenzial böten!

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    • Werter dsar, die Scheiben sind mit 300mm um 100 mm größer als die bisherigen 200 mm Wafer, so steht das da oben und so ist es auch korrekt!

    • Die Wafer oder Scheiben sind 300 mm groß, nicht 100 wie im Artikel geschrieben

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

ECB Leaves Interest Rates Unchanged

The European Central Bank left its interest rates unchanged at record lows as a sluggish eurozone economy and persistently weak inflation have raised hopes that the ECB will eventually beef up its stimulus programs.

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main international station as the country’s Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk.

Global Markets Bounce Back

Stocks around the world extended gains as investors looked for signals of how central banks will contend with upheaval in financial markets.

China to Slim Down Military

Xi Jinping announced a reduction of 300,000 troops to China’s armed forces, part of a series of reforms to strengthen a military striving to assert increasingly global interests.

Europe File

Tsipras Moves Greece Past Austerity Debate

Greeks can now have a conventional political debate on the choices needed to hit its bailout targets.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Soda, Health Officials Duke It Out

The soda industry is playing a never-ending game of Whac-A-Mole with health officials and anti-obesity campaigns in cities across the country. When it beats down critics in one place, they pop up in another.

Natalie Massenet Leaves Net-a-Porter

The founder and executive chairman of Net-a-Porter has abruptly resigned, leaving the high-end fashion site ahead of its pending merger with Yoox.

Small Firms Slow to Embrace Chip-Card System

Many small businesses aren’t racing to update their checkout systems ahead of an Oct. 1 shift that will put merchants on the hook for some fraudulent card charges.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Credit-Card Fraudsters Pump Gas Stations for Profit

A delay in guidelines encouraging gas stations to upgrade their equipment leaves them more vulnerable to credit-card fraud than other sectors.

As motorists head out on the last big driving weekend of the summer, the credit-card industry and gas-station owners are deploying everything from sophisticated software to heavy-duty padlocks to combat an epidemic of fuel-related theft and fraud.

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

World Tree Count Climbs

There are slightly more than three trillion trees in the world, a figure that dwarfs previous estimates, according to the most comprehensive census yet of global forestation. 175

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Gas Discovery in Egypt Troubles Israel

Israeli officials have expressed concern that the discovery of an extensive gas field off the coast of Egypt could upend Israeli development of its energy resources.

Masked Gunmen Kidnap 18 Turkish Workers in Baghdad

Identities of the gunmen in an early-morning raid on a sports stadium weren’t immediately known, as Turks in Iraq were seized for a second time in the past year.

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 1842

Solitary Confinement Poses ‘Grave Problem,’ Study Says

Prisons are holding as many as 100,000 inmates in solitary confinement, a striking figure that poses a “grave problem” for the criminal justice system, according to a study. 57

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 189

Court Weighs Request to Immediately Stop Phone-Data Collection

An appeals court panel is considering whether to allow the government to continue the bulk collection of phone records during a six-month transition period until a new law kicks in prohibiting the controversial program.

Biden’s Florida Trip Draws Campaign-Level Attention

Vice President Joe Biden received full-court national attention for an otherwise routine visit to Miami Dade College, with dozens of television cameras, photographers and reporters there to cover his 30 minutes of remarks.

Video

Suicide Bombings at Yemen Mosque Kill at Least 22

1:20

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34