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- EU Reaches Deal on Financial Market Regulation
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European Union finance ministers on Wednesday reached a compromise on a new supervisory framework for the bloc's financial markets, The Wall Street Journal reported. Under the plan agreed by the ministers, the EU will create two new supervisory ...
Daily Headline - global.abi.org - 12/03/2009 - 09:15 - 0 comments
- UK's Mandelson Says GM Decision Benefits Taxpayers
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U.S. carmaker General Motors' decision to keep its European unit Opel will benefit European taxpayers, especially in Britain, Germany and Spain, British Business Secretary Peter Mandelson said on Thursday, Reuters reported. He said he believed worke ...
Daily Headline - global.abi.org - 11/05/2009 - 11:29 - 0 comments
- U.K. Economic Contraction Is Longest on Record
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showed gross domestic product contracted by 0.4 percent between July and September from the previous ... 0.2 percent for the quarter, based on recent improvements in housing statistics, purchasing managers’ ...
Daily Headline - global.abi.org - 10/23/2009 - 09:53 - 0 comments
- London Judge Approves Return of Lehman Cash
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More than $3 billion can be paid back to hedge fund clients of Lehman Brothers, a London judge ruled on Wednesday, the latest in a string of court cases triggered by the investment bank's failure, Reuters reported. Administrators of Lehman Brothers& ...
Daily Headline - global.abi.org - 10/22/2009 - 11:17 - 0 comments
- Naftogaz' Eurobond Holders Agree to Restructuring
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Ukrainian state energy firm Naftogaz, battered by higher gas import prices and the country's deep recession, said on Monday investors in its $500 million Eurobond had agreed to its restructuring terms, Reuters reported. The company, often at the cen ...
Daily Headline - global.abi.org - 10/21/2009 - 10:01 - 0 comments
- Lehman Europe Administrator Has New Asset Plan
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The administrator for Lehman Brothers Holdings Inc's European unit on Monday unveiled a new plan to dole out the collapsed investment bank's assets directly to creditors, Reuters reported. The administrators, said they would put forward a " ...
Daily Headline - global.abi.org - 10/06/2009 - 09:39 - 0 comments
- UK Retailers Face Another Bleak Christmas
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Many struggling British retailers are facing a worse Christmas than last year, when 15 major chains failed, according to insolvency specialist Begbies Traynor, Reuters reported. The company said rising unemployment and fragile consumer confidence would r ...
Daily Headline - global.abi.org - 10/05/2009 - 07:49 - 0 comments
- Imagine Moves Out of Bankruptcy
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An international adoption agency that collapsed this summer, stunning hundreds of would-be adoptive parents who had put up thousands of dollars, was moved out of bankruptcy yesterday, The London Free Press reported. The proposed restructuring of Imag ...
Daily Headline - global.abi.org - 09/30/2009 - 09:40 - 0 comments
- Ukraine's Naftogaz Seeks Debt Restructuring
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Ukrainian officials held talks in London with investors in hopes of winning a reprieve on $500 million worth of Eurobonds issued by the state energy company Naftogaz that mature Wednesday, Newsday reported on an Associated Press story. The debt-laden ...
Daily Headline - global.abi.org - 09/30/2009 - 09:39 - 0 comments
- Australia Court Allows Claims Against Lehman
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An Australian court has ruled that local governments can pursue financial claims against collapsed U.S. investment bank Lehman Brothers in Australia and elsewhere, a firm that is funding the litigation said on Monday, Reuters reported. IMF (Australia) Lt ...
Daily Headline - global.abi.org - 09/28/2009 - 08:34 - 0 comments
