Europe

Results for Europe

Austria’s Hypo Alpe-Adria-Bank Splits in Restructuring

five countries and with assets of around €8.4 billion ($10.69 billion), has been transferred to SEE ...

Daily Headline - global.abi.org - 10/30/2014 - 21:36 - 0 comments

Doing Business In Europe’s Periphery Is Hampered By Sluggish Legal Systems

On October 29th the World Bank released its annual “Doing Business” report, ranking 189 economies by how attractive they are to firms. That Singapore led the list again this year, with Eritrea stuck in last place, was less surprising than the fact that U ...

Daily Headline - global.abi.org - 10/30/2014 - 21:36 - 0 comments

Eurozone Discusses ‘Cosmetics’ for New Financial Aid for Greece

Now that Greece has said it will seek a credit line from the eurozone’s bailout fund once its rescue program runs out at the end of the year, the difficult negotiations on how to make the new aid palatable to both Athens and other European capitals have ...

Daily Headline - global.abi.org - 10/30/2014 - 21:37 - 0 comments

Mortgage Costs Could Rise As Bank Of England Introduces Tough Safety Nets For Banks

a leverage ratio of between 4pc and 5pc for “systemically-important” banks, compared to a 3pc floor proposed by the Basel Committee on Banking Supervision, the international watchdog. A 4pc ratio means they ...

Daily Headline - global.abi.org - 10/30/2014 - 21:38 - 0 comments

EU Rejects No Budgets After France, Italy Last-Ditch Bids

The European Union said no nation has broken EU budget rules by a big enough margin to warrant immediate action, a move that gives France and Italy more time to win approval for their draft spending plans, Bloomberg News reported. “After taking into acco ...

Daily Headline - global.abi.org - 10/29/2014 - 22:30 - 0 comments

Nations Sign Pact to Share Data to Fight Tax Evasion

Led by Europe’s five biggest economies, 51 nations on Wednesday signed what Germany’s finance minister hailed as a milestone in the fight against tax evasion — an agreement that commits them all to automatic exchange of tax information starting in 2017, ...

Daily Headline - global.abi.org - 10/29/2014 - 22:30 - 0 comments

Company Liquidations At Lowest Rate Since 1984, Says Insolvency Service

186 active companies, or 0.54%, went into liquidation in England and Wales, in a continuation of a ... Guardian reported. In the 12 months to September, one in 186 active companies, or 0.54%, went into ...

Daily Headline - global.abi.org - 10/29/2014 - 22:31 - 0 comments

Insolvency Judges 'Frustrated' As Too Few Cases Heard

Six specialist judges appointed to speed up thousands of insolvency actions - earning salaries of €140,623 a year - are "frustrated" because they have so little work to do, Independent.ie reported. The dedicated cadre of judges were appointed i ...

Daily Headline - global.abi.org - 10/29/2014 - 22:31 - 0 comments

Italy’s Monte Paschi Discussing Capital Options With Government

Italy’s Treasury has not ruled out extending repayment deadlines on hundreds of millions of euros in state aid to help troubled lender Banca Monte dei Paschi di Siena as it struggles to raise fresh capital, according to sources, the Irish Times repor ...

Daily Headline - global.abi.org - 10/28/2014 - 23:03 - 0 comments

Europe’s Struggling Airlines Face More Turbulence

For Europe’s major airlines, the world is increasingly becoming one of haves and have-nots: those that have sustainable business models and those struggling to achieve them, The Wall Street Journal reported. For airlines on the back foot, the situati ...

Daily Headline - global.abi.org - 10/28/2014 - 23:03 - 0 comments

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