Europe

Results for Europe

British Firms Await Brexit Plans, Poised to Relocate

Although Britain’s economy has so far not suffered the economic blowback that many predicted would follow the vote in a referendum last year to quit the bloc, British companies that import or export goods and services are anxiously assessing the potentia ...

Daily Headline - global.abi.org - 01/16/2017 - 22:57 - 0 comments

Russia Needs A Revolution To Reform Its Economy

When Alexei Kudrin was tasked last year with drawing up a new economic strategy for Russia, there were good reasons for the country’s leadership to countenance previously unpalatable reforms, the Financial Times reported. With the crash in oil prices ...

Daily Headline - global.abi.org - 01/16/2017 - 22:57 - 0 comments

Prominent Dutch Lawyer Wakkie Arrested In Spain In Telecoms Insolvency Probe

Spanish police arrested prominent Dutch corporate lawyer Peter Wakkie at Madrid airport on Monday in an investigation into the insolvency of Russian-Spanish telecom firm ZED+, a judicial source said, Reuters reported. A spokesman for Wakkie, who is ZED+& ...

Daily Headline - global.abi.org - 01/16/2017 - 22:58 - 0 comments

ECB Prints Money At Record Pace Amid Bank Bonds Bonanza

The European Central Bank bought a record-breaking €24.7 billion worth of debt last week, taking advantage of a bumper supply of bank bonds to boost its economic stimulus programme. Last week’s figure is the highest since the ECB started flooding the eur ...

Daily Headline - global.abi.org - 01/16/2017 - 23:01 - 0 comments

Britain Opens Debate On Toughening Corporate Criminal Laws

The British government opened a long-awaited consultation on how to crack down on corporate fraud, money laundering and false accounting on Friday, in what it billed as an effort to repair public trust in businesses and improve accountability. Government ...

Daily Headline - global.abi.org - 01/12/2017 - 23:08 - 0 comments

Insolvency Numbers In The UK Rise After Brexit Vote

The number of UK businesses entering into administration has risen in the last six months, according to analysis from KPMG, Economia reported. The Big Four firm found that 1,174 companies entered into administration last year, compared with 1,111 in ...

Daily Headline - global.abi.org - 01/12/2017 - 23:09 - 0 comments

Santander Tackles TLAC Deficit With Senior Non-Preferred Surrogate

Santander is considering ways to issue a new type of senior bond well in advance of the requisite legislation being passed, allowing it to chip away at an approximate 30bn issuance target over the next two years, Reuters reported. The Spanish bank said o ...

Daily Headline - global.abi.org - 01/11/2017 - 22:41 - 0 comments

Bus Eireann Chief Says Threat Of Insolvency Is Very Real

The threat of the State-owned Bus Éireann becoming insolvent within the next 18 months is very real, its new acting chief executive has told staff, the Irish Times reported. Ray Hernan also said it was clear the loss-making company had to change its ...

Daily Headline - global.abi.org - 01/11/2017 - 22:42 - 0 comments

German Industry Chief Backs Berlin’s Tough Stance On Brexit

A leading German industry chief has warned the UK against expecting any softening of Berlin’s increasingly tough stance on Britain’s plans to leave the EU, the Financial Times reported. Dieter Kempf, who took over this month as president of the BDI, ...

Daily Headline - global.abi.org - 01/10/2017 - 23:24 - 0 comments

North’s Businesses Pessimistic About What Lies Ahead In 2017

The quarterly economic survey from the Northern Ireland Chamber of Commerce and Industry and business advisers BDO shows that local firms ended 2016 more upbeat than compared to their immediate predominately gloomy reaction following the EU referendum vo ...

Daily Headline - global.abi.org - 01/10/2017 - 23:25 - 0 comments

Syndicate content