Europe

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Korean Air Lines Agree to Inject Fresh Capital into CSA Czech Airlines

CSA Czech Airlines said that its key shareholder Korean Air Lines Ltd. has agreed to inject fresh capital into the country’s flagship carrier as it seeks to overcome its current financial struggles, The Wall Street Journal Emerging Europe blog report ...

Daily Headline - global.abi.org - 10/23/2014 - 21:20 - 0 comments

No Easy Options For Russia's Central Bank To Halt Rouble Slide

the fall is causing public panic, the central bank's goal of reducing inflation to 4.5 percent ...

Daily Headline - global.abi.org - 10/23/2014 - 21:20 - 0 comments

European Bank Tests Could Bring Relief

European banks are likely to need about €10 billion ($12.6 billion) to address shortages of capital identified in a regulatory review, an amount modest enough to cheer markets, investors and analysts say, The Wall Street Journal reported. On Thursday ...

Daily Headline - global.abi.org - 10/23/2014 - 21:20 - 0 comments

Black Day For Tesco As Profits Fall By 92%

Tesco’s profits for the first six months of 2014 have been nearly wiped out by the toxic combination of the recent accounting scandal and slumping sales at its declining UK store empire, The Guardian reported. In another dark day for the supermarket ...

Daily Headline - global.abi.org - 10/23/2014 - 21:21 - 0 comments

Almost One In 10 Big Eurozone Banks Will Fail ECB Stress Tests

The eurozone's unprecedented tests of its biggest banks' financial health will fail at least 11 institutions - almost a tenth of the 130 banks being tested by the ECB, The Telegraph reported. According to the Spanish newswire EFE, banks acr ...

Daily Headline - global.abi.org - 10/22/2014 - 21:43 - 0 comments

Ireland's PTSB Sells Mortgage Loans Ahead Of Stress Tests

bank's second quarter results, it would have reduced the group's non-performing loans by around 4 ...

Daily Headline - global.abi.org - 10/22/2014 - 21:44 - 0 comments

Bulgaria Has To Revoke Corpbank Licence Unless Law Is Changed

spokesman said. An international audit said that Corpbank needs to write off 4.2 billion levs on total ...

Daily Headline - global.abi.org - 10/22/2014 - 21:45 - 0 comments

HSBC Says Building Firewalls to Cost Up to $3.2 Billion

HSBC Holdings Plc (HSBA) Chairman Douglas Flint said separating his bank’s securities arm from its consumer unit may cost as much as 2 billion pounds ($3.2 billion), Bloomberg News reported. “Ringfencing will cost one billion, two billion to implement, w ...

Daily Headline - global.abi.org - 10/21/2014 - 21:27 - 0 comments

E.U. Banking Watchdog Warns of Legal Breach by Bulgaria

authorities to provide access to more than half of the deposits — about $2.4 billion, which are insured by the ...

Daily Headline - global.abi.org - 10/21/2014 - 21:28 - 0 comments

Regulators Temporarily Ban Short-Selling of Portugal Telecom

Regulators in Portugal and Britain have temporarily banned short-selling of Portugal Telecom’s stock after the company’s shares declined to a record low on Monday over its exposure to a company with ties to the Espírito Santo family, the International ...

Daily Headline - global.abi.org - 10/21/2014 - 21:28 - 0 comments

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