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Lagarde Signals Greek Debt Restructuring Can Wait

IMF managing director Christine Lagarde signalled that Greek debt restructuring can wait and the country should focus on overhauling its economy for the duration of its latest bailout, which expires in 2018, the Irish Times reported on a Bloomberg Ne ...

Daily Headline - global.abi.org - 02/23/2017 - 21:35 - 0 comments

End of the Euro? French Candidate Plots Return of the Franc

If Marine Le Pen has her way, the French will soon pay for their baguettes with francs, not euros, The New Zealand Herald reported on an Associated Press story. The presidential candidate from the anti-EU, anti-immigration National Front party is all ...

Daily Headline - global.abi.org - 02/23/2017 - 21:36 - 0 comments

Telefónica Upbeat as O2 Performance Improves

the Financial Times reported. O2’s operating income for the quarter rose 4 per cent to £324m, excluding the charge. The full-year figure was 1.7 per cent higher at £1.4bn. Mark Evans, chief executive of ...

Daily Headline - global.abi.org - 02/23/2017 - 21:37 - 0 comments

Germany’s Budget Surplus Hits Record High

Germany has posted its highest budget surplus since reunification in 1991, inviting fresh scrutiny over whether the eurozone’s largest economy should do more to increase spending and redress global economic imbalances, the Financial Times reported. G ...

Daily Headline - global.abi.org - 02/23/2017 - 21:37 - 0 comments

Container Shipping Faces Critical Moment After Years of Losses

At first glance, it is not obvious watching the cargo moving on and off the Leverkusen Express at the Port of Southampton that the container shipping industry has been contending with the biggest financial crunch in its 60-year history. Cranes lift boxes ...

Daily Headline - global.abi.org - 02/22/2017 - 21:46 - 0 comments

Brussels Warns Italy to Cut Public Debt by April

reforms and other “structural measures” worth 0.2 per cent of gross domestic product. Valdis Dombrovskis, ...

Daily Headline - global.abi.org - 02/22/2017 - 21:46 - 0 comments

Italian Banks Struggle to Break Free From Soured Debt Cycle

Italian banks are stuck in what stressed-debt experts call purgatory, still forced to pay a heavy price for their past sins despite loan data that suggests they are turning a corner. The rate at which loans are souring hit an eight-year low last year, bu ...

Daily Headline - global.abi.org - 02/22/2017 - 21:49 - 0 comments

Jaded Greeks Resigned to More Austerity

When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short, the International New York Times reported on a Reuters story. "I had better stop ... b ...

Daily Headline - global.abi.org - 02/21/2017 - 22:13 - 0 comments

All-Out Strike at Bus Éireann Now Seems Likely After Collapse of Talks

An all-out indefinite strike in Bus Éireann, which could spread to other parts of the public transport sector, now seems likely after the collapse of talks on Tuesday aimed at resolving the financial crisis at the company, the Irish Times reported. T ...

Daily Headline - global.abi.org - 02/21/2017 - 22:14 - 0 comments

Stefanel to Ask for Extension to File Debt Restructuring Deal-Sources

Struggling Italian clothing company Stefanel will ask a court for more time to submit a debt restructuring agreement with its creditors, two sources close to the situation said on Tuesday. In November, the court in Treviso, northern Italy, granted Stefan ...

Daily Headline - global.abi.org - 02/21/2017 - 22:17 - 0 comments

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