Europe

Results for Europe

Foreign Banks Retreat From Crisis-Hit Russia

contract by as much as 4.7 per cent if oil prices remain at the current level of $60 a barrel. “There will ...

Daily Headline - global.abi.org - 12/18/2014 - 22:17 - 0 comments

Ukraine’s Mriya Creditors Propose $1 Billion Restructuring Plan

Creditors of Mriya Agro Holding Plc said they presented the Ukrainian agricultural group with their own plan to restructure about $1 billion debt, Bloomberg News reported. Bondholders and lenders want the company to hire a chief restructuring officer and ...

Daily Headline - global.abi.org - 12/18/2014 - 22:18 - 0 comments

Dutch Sportscar Maker Spyker Declared Bankrupt

Dutch sportscar maker Spyker, one-time owner of Sweden's Saab, declared bankruptcy on Thursday, after failing to secure a critical bridging loan it had hoped would help it refinance and restructure, Reuters reported. The company, formed in 2000 to r ...

Daily Headline - global.abi.org - 12/18/2014 - 22:18 - 0 comments

Killorglin Credit Union Taken Over After 90% Loss On Premises

governance, a decision to invest €5.4 million in a new premises that is now worth €450,000, and potential ...

Daily Headline - global.abi.org - 12/18/2014 - 22:19 - 0 comments

Amendments To Insolvency Law In Latvia Postponed Until March 1

Latvian Saeima passed amendments to the Insolvency Law in the final reading today, stipulating that the amendments will come into force on March 1, 2015, reports LETA. The government originally approved amendments to the Insolvency Law on September 25, a ...

Daily Headline - global.abi.org - 12/18/2014 - 22:20 - 0 comments

Russia Introduces Measures to Calm Economic Jitters

Seeking to calm growing fears of an economic meltdown, the Russian government on Wednesday introduced a package of measures to reduce pressures on banks and urged the public to stay calm, the International New York Times reported. It seemed to work, ...

Daily Headline - global.abi.org - 12/17/2014 - 21:49 - 0 comments

European Leaders Balk At Kiev’s Pleas To Fill $15 Billion Funding Gap

European leaders are balking at providing additional financial aid for Ukraine despite an urgent need to fill a $15bn funding gap as criticism of Kiev’s reform efforts mounts, the Financial Times reported. The International Monetary Fund has identifi ...

Daily Headline - global.abi.org - 12/17/2014 - 21:50 - 0 comments

Mediafax Group Officially Enters Insolvency

Mediafax Group, owned by media mogul Adrian Sarbu, has officially entered insolvency, according to the ruling of The Bucharest Court, after submitting an official request, Business Review reported. The Bucharest Court has nominated KPMG Restructuring ...

Daily Headline - global.abi.org - 12/17/2014 - 21:51 - 0 comments

Dos Santos Has To Raise Bid For Portugal Telecom

Portugal's securities market regulator, CMVM, said on Wednesday Angolan billionaire businesswoman Isabel dos Santos has to increase the 1.35 euro a share price in her takeover bid for Portugal Telecom SGPS. CMVM said in a statement it did not accept ...

Daily Headline - global.abi.org - 12/17/2014 - 21:51 - 0 comments

Russian Ruble Hits New Low Despite Rate Rise

80 to the dollar, a record low and a 15% decline from opening levels when it rallied briefly. At 4 ...

Daily Headline - global.abi.org - 12/16/2014 - 22:56 - 0 comments

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