Search Results for: European Union
An unexpected victim of Greek crisis
August 31st, 2015
Dutch drama over Greek crisis The Greek crisis may have claimed an unexpected new victim: Dutch Prime Minister Mark Rutte. In a five hour debate last week on the Dutch support for the latest bailout for Greece, the leader ...
UBS to pay $1.7 mln settlement over sanctions case – U.S. Treasury
August 28th, 2015
The U.S. Treasury on Thursday said it had reached an agreement with UBS for the Swiss bank to pay a $1.7 million settlement for “apparent violations” to U.S. sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) said in ...
Greece debt crisis: Interim PM Thanou is first woman leader
August 28th, 2015
Greece‘s top Supreme Court judge, Vassiliki Thanou, has been appointed caretaker prime minister ahead of early elections next month. President Prokopis Pavlopoulos named Ms Thanou after efforts to form a coalition failed. Last week, Alexis Tsipras resigned as prime ...
Google rejects EU’s antitrust complaints citing benefits to consumers and advertisers
August 28th, 2015
Google (Nasdaq:GOOG) has rejected the European Union’s antitrust complaints against it, saying the case is “wrong as a matter of fact, law and economics”. The company’s comments came in its lengthy reply to the EU, which accused the internet ...
Greek Senior Bank Bonds Fall on Dijsselbloem Bail-In Comment
August 17th, 2015
Senior bonds of Greek banks tumbled after Euro-area finance ministers protected depositors from any losses in the nation’s 86 billion-euro ($96 billion) bailout. Eurogroup President and Dutch Finance Minister Jeroen Dijsselbloem said on Friday depositors will be shielded from ...
Romania and Bulgaria among EU states to record industrial production growth in June
August 13th, 2015
The industrial production in the European Union (EU 28) fell by 0.2 percent in June compared to May and went down 0.4 percent in the Euro Area, while Romania ranked 7th in the European bloc by the increased industrial ...
Greece: Deal to go to Parliament after creditors’ approval
August 12th, 2015
After securing an agreement with representatives of Greece’s international creditors on Tuesday, Greek Prime Minister Alexis Tsipras must now consider how to push the deal through Parliament as efficiently as possible amid opposition at home and abroad. The deal ...
PBOC sharply cuts yuan against US dollar after weak data
August 11th, 2015
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency markets. In a statement, the Chinese central bank said that ...
Greece hopes to conclude bailout talks by Aug. 11
August 10th, 2015
Greece hopes to conclude negotiations with international creditors by early Tuesday at the latest, a Greek official said as talks continued in Athens on a new multi-billion euro bailout designed to keep the country from financial ruin. Greece’s finance ...
Greece: Greek bank stocks soar – Greece makes loan interest payment to IMF
August 7th, 2015
What you should know for Greece today: Bank stocks led a much-needed Greek bourse rebound on Thursday, making up some of the ground lost in the first three sessions since the market reopened. However, traders viewed the recovery more ...
