Europe

Results for Europe

Banks Show Tepid Interest as E.C.B. Begins Program of Cheap Loans

Banks borrowed less than expected from the European Central Bank in a disappointing start for a program intended to encourage more lending to businesses and households and to pump money into the ailing eurozone economy, the International New York Times ...

Daily Headline - global.abi.org - 09/18/2014 - 21:37 - 0 comments

Italy to Remain in Recession This Year, Says IMF

completed at the end of August after bilateral consultations with Rome, the IMF forecast a 0.1% drop in ...

Daily Headline - global.abi.org - 09/18/2014 - 21:39 - 0 comments

Banks Lose 70% Of Mortgage Debt In Bankruptcy Say Insolvency Firm

An insolvency company has revealed details of its clients who have gone bankrupt under rules introduced a year ago, RTÉ News reported. The figures show that banks which lent mortgages to these clients have had to write off 68% of the outstanding debt. I ...

Daily Headline - global.abi.org - 09/17/2014 - 22:13 - 0 comments

Romanian Court Approves Large Construction Company Insolvency

The Bucharest court has recently approved the insolvency request for Romanian construction company Tehnologica Radion, whose owner, Theodor Berna, is currently under preventive arrest for tax evasion and money laundry, Romania-Insider.com reported. The c ...

Daily Headline - global.abi.org - 09/17/2014 - 22:17 - 0 comments

European Court Adds Massive VAT Bill To British Financial Companies

Banks, insurers and other finan­cial services firms operating across Europe face extra hundreds of mil­lions of pounds of extra tax costs, following a European Court of Justice (ECJ) ruling yesterday, City A.M. reported. The ruling means services supplie ...

Daily Headline - global.abi.org - 09/17/2014 - 22:18 - 0 comments

Taxpayers May End Up Paying For Collapse Of Setanta Insurance

Taxpayers may end up footing the bill for third-party claims related to the collapse of Setanta Insurance, the Irish Times reported. The Maltese-registered insurer went into liquidation in April leaving 75,000 motor policyholders in Ireland with no c ...

Daily Headline - global.abi.org - 09/17/2014 - 22:20 - 0 comments

Funding Risks Remain For Several Euro Zone Banks

Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding help runs out at the start of next year, credit ratings agency S&P said, the Irish Times reported ...

Daily Headline - global.abi.org - 09/16/2014 - 21:29 - 0 comments

Insolvency For Solon German Units

PV group Solon has announced that two Germany-based units will file for insolvency, as its centre of gravity continues to shift away from Europe under parent company Microsol. Solon announced the start of insolvency proceedings in Berlin for its Solon Mo ...

Daily Headline - global.abi.org - 09/16/2014 - 21:30 - 0 comments

German Property Firm IVG Says Insolvency Over, Eyes Listing

known real estate firms, IVG amassed more than 4 billion euros ($5.2 billion) in debt during a rapid ...

Daily Headline - global.abi.org - 09/16/2014 - 21:32 - 0 comments

O.E.C.D. Calls for Coordinated Fight Against Corporate Tax Avoidance

Dozens of countries with the most advanced economies have agreed on principles for concrete action to prevent corporations from gaming the international tax system, the Organization for Economic Cooperation and Development said in a report on Tuesday, th ...

Daily Headline - global.abi.org - 09/16/2014 - 21:33 - 0 comments

Syndicate content