Europe

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Germany's Economy Needs More Investment

Few countries attract as much disdain from economists as Germany. Berlin is accused of running an excessively prudent budget and German companies of paying their workers too little: This stinginess -- so the accusation goes -- has contributed to global i ...

Daily Headline - global.abi.org - 01/22/2018 - 22:09 - 0 comments

EU Creditors to Start Talks on Structuring Debt Relief for Greece

EU creditors are to start sensitive talks on how to structure possible debt relief for Greece as Athens eyes an exit from eight years of international bailouts this summer, the Financial Times reported. Eurozone finance ministers praised the Greek go ...

Daily Headline - global.abi.org - 01/22/2018 - 22:10 - 0 comments

UK to Be Among Weakest Major Housing Markets in World in 2018

The UK is one of the only major markets where house prices are unlikely to grow in 2018, according to new forecasts from Fitch Ratings, the Financial Times reported. The ratings agency’s annual housing and mortgage outlook predicted average prices in ...

Daily Headline - global.abi.org - 01/22/2018 - 22:10 - 0 comments

A Resilient EU Turns to Deeper Issues

The European Union, faced with forces of disintegration, is mostly holding its ground. This year will test whether it can also advance. The bloc and its political establishment have had to prove their resilience repeatedly over the past decade, in the fa ...

Daily Headline - global.abi.org - 01/22/2018 - 22:11 - 0 comments

Court Told of $15 Million ‘Cash Extraction’ Quinn Link

A company connected to an advisory firm to the family of businessman Sean Quinn is allegedly behind the “cash extraction” of some $15 million (€12.26 million) from an Indian company in a number of bogus transactions, it has been claimed at the Commercial ...

Daily Headline - global.abi.org - 01/22/2018 - 22:12 - 0 comments

Draghi Task Force Plan for Euro Safe Assets Is Ready

The design for a new class of safe financial assets intended to strengthen the euro area will be published imminently after almost a year of delay, according to officials familiar with the matter. The report, commissioned by European Central Bank Preside ...

Daily Headline - global.abi.org - 01/21/2018 - 18:51 - 0 comments

Private Equity Investors Circle Collapsed Carillion

Private equity groups and distressed buyout firms are circling collapsed British construction company Carillion to cherry-pick assets from one of the UK’s most politically sensitive corporate failures, the Financial Times reported. The interest from ...

Daily Headline - global.abi.org - 01/21/2018 - 18:51 - 0 comments

Greece Set to Win Plaudits but Not Next Tranche of Bailout Cash

Eurozone finance ministers were set to hail Greece’s recent steps to improve its public finances on Monday — but also to hold off on giving Athens a full bill of health it seeks as it prepares to return to financial markets, the Financial Times repor ...

Daily Headline - global.abi.org - 01/21/2018 - 18:52 - 0 comments

Air France In Talks With Alitalia To Acquire Carrier

Air France-KLM has held talks with Alitalia about entering the race to acquire the ailing Italian flag carrier, a decade after its efforts to purchase its peer were scuppered by political opposition, the Financial Times reported. According to people ...

Daily Headline - global.abi.org - 01/21/2018 - 18:57 - 0 comments

UK Banks Bear the Brunt of Carillion's Collapse

Five UK banks are facing heavy losses on loans to Carillion, after irreconcilable differences between the company, its lenders and the government pushed the UK construction and services group into liquidation on Monday, sources said. Royal Bank of Scotla ...

Daily Headline - global.abi.org - 01/18/2018 - 23:19 - 0 comments

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