Search Results for: European Union
Signs the market is girding for a Greek default
April 21st, 2015
If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged ...
Nokia Agrees to $16.6 Billion Takeover of Alcatel-Lucent
April 15th, 2015
The Finnish telecommunications company Nokia said Wednesday that it had agreed to an all-share takeover of Alcatel-Lucent that valued its French rival at 15.6 billion euros, or about $16.6 billion. The combined company is expected to become the world’s second-largest telecom equipment manufacturer ...
Bankers: Lebanon won’t drop banking secrecy
March 27th, 2015
Lebanon will not abandon its banking secrecy law but will continue to cooperate with the United States and other nations in the exchange of tax information and the fight against money laundering, leading bankers said Thursday. “Lebanon has no intention to abandon ...
P. Moscovici: EU won’t keep Greece in Eurozone “at any price”
March 18th, 2015
The EU financial chief’s views expressed in Die Welt on Wednesday reflect those expressed by German Finance Minister W. Schaeuble last week European Monetary and Economic Affairs Commissioner Pierre Moscovici told German newspaper Die Welt on Wednesdaay that the ...
Speech by Mario Draghi, President of the ECB at SZ Finance Day 2015
March 17th, 2015
Summary Europe needs to accelerate on its way to economic and institutional convergence. Due to falling oil prices, accommodative monetary policy and successful structural reforms, we can be optimistic about the economic outlook. The nascent recovery should be used ...
Draghi: Cyprus on track for early bailout exit
March 5th, 2015
Cyprus is on track to exit the adjustment programme before the original deadline of 2016, European Central Bank (ECB) president Mario Draghi said on Wednesday, something which he said was remarkable Draghi was speaking at an official dinner hosted ...
ECB meeting preview: What traders should expect from it
March 3rd, 2015
DESPITE a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January ...
A Greek Drama Draws In the Obama Administration, Again
February 20th, 2015
President Barack Obama and his team may be suffering from Greek financial-crisis déjà vu. In 2010, and again in 2012, Mr. Obama and top officials in his administration worried that Greece’s debt woes could fracture the eurozone, knock down an ...
International payment provider ECommPay becomes VISA Principal Member
February 19th, 2015
In February 2015, VISA’s European Board of Directors granted VISA Principal Member status to payment processing company ECommPay. ECommPay creates state-of-the-art, bespoke payment solutions for e-Commerce merchants, enabling them to make and to accept payments via VISA/MasterCard and China ...
Euronext celebrates the bond listing of the Belgian Debt Agency on its Euronext Brussels market
February 18th, 2015
Euronext Brussels announces the successful admission to listing of the 15 years benchmark Government bonds issued by the Belgian Debt Agency, responsible for public debt management in Belgium. The Debt Agency’s main objective is to minimize the financial costs ...
