Europe

Results for Europe

U.K. Won’t Pursue EU Bonus Challenge

“It now looks clear there are minimal prospects for success with our legal challenge, so we will no longer pursue it,” Mr. Osborne said in a letter to Mark Carney, Bank of England governor and chairman of the Financial Stability Board, The Wall Street ...

Daily Headline - global.abi.org - 11/20/2014 - 21:16 - 0 comments

Concern Rises As Cracks Appear In Nordic Model

Cracks are beginning to appear in the vaunted Nordic model. The four main Nordic countries – Denmark, Finland, Norway and Sweden – still grace the top of most global rankings for happiness, competitiveness, the best place to be a woman and even the best ...

Daily Headline - global.abi.org - 11/20/2014 - 21:17 - 0 comments

Sofia Court Suspends Insolvency Proceedings Against KTB

Sofia City Court has said it will have to suspend insolvency proceedings against Corporate Commercial Bank, or KTB, following an appeal by majority owner Bromak, Novinite.com reported. The court said it was informed on Wednesday that Bromak had filed an ...

Daily Headline - global.abi.org - 11/20/2014 - 21:18 - 0 comments

Austerity Cuts In North ‘Inescapable Reality’

Austerity cuts are an “inescapable reality” in the short term in Northern Ireland but a lower rate of corporation tax could deliver “game changing” private sector growth, the president of a leading business body has said in Belfast tonight, the Irish T ...

Daily Headline - global.abi.org - 11/20/2014 - 21:21 - 0 comments

Bulgarian Lawmakers Boost Debt Limit to Resolve Banking Crisis

said, The Wall Street Journal reported. Lawmakers in Sofia approved total new debt of up to 4 ...

Daily Headline - global.abi.org - 11/19/2014 - 20:40 - 0 comments

Switzerland’s Eurofin in Process of Largely Shutting Down

A Swiss financial company embroiled in the Espírito Santo saga is in the process of largely shutting down, according to people familiar with the matter, The Wall Street Journal reported. The Lausanne-based company, Eurofin Holding SA, is selling or s ...

Daily Headline - global.abi.org - 11/19/2014 - 20:48 - 0 comments

German TV Maker Metz Files For Insolvency

German television maker Metz has filed for insolvency, a spokesman for the company said on Wednesday, adding that about 600 jobs would be affected, Reuters reported. Joachim Exner, who co-managed the insolvency of German peer Loewe, has been appointed as ...

Daily Headline - global.abi.org - 11/19/2014 - 20:49 - 0 comments

OW Bunker Far East To Meet Liquidator On December 4; Six More Vessels Arrested

The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1.5 billion globally, Reuters reported. OW Bunker, a leading suppli ...

Daily Headline - global.abi.org - 11/18/2014 - 20:58 - 0 comments

Bank of Russia Chief Defends Ruble Float

The Bank of Russia had no other option but to let the ruble float freely, and the decision to do so had helped stop it from hitting fresh record lows, Elvira Nabiullina, the bank’s chairwoman, said on Tuesday, The Wall Street Journal reported. The ru ...

Daily Headline - global.abi.org - 11/18/2014 - 20:58 - 0 comments

Karen Millen Gets Court Protection To Restructure Fashion Business

Ms Justice Marie Baker appointed Declan McDonald of PwC as interim examiner to Karen Millen Irl Ltd, Warehouse Fashion Irl Ltd and Coast Stores Irl Ltd following petitions by Rossa Fanning on behalf of the companies, the Irish Times reported. The cou ...

Daily Headline - global.abi.org - 11/18/2014 - 20:59 - 0 comments

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