Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Insurance and reinsurance underwriting group Kiln appointed Satoshi Naganuma as Active Underwriter of Tokio Marine Kiln Syndicate 1880

19-8-2013 — /EuropaWire/ — Kiln, the specialist insurance and reinsurance underwriting group, has appointed Satoshi Naganuma as Active Underwriter of Tokio Marine Kiln Syndicate 1880, with effect from Monday 12 August. Satoshi, whose career in the insurance industry spans 20 years, … Read the full press release

Commissioner Andris Piebalgs introduced new €25M EU project during Bolivia visit aimed at reducing coca cultivation surface in the country

19-8-2013 — /EuropaWire/ — A new EU project which is expected to benefit some 80,000 farmers’ families (and up to 400,000 people indirectly) in Bolivia has today been announced by Development Commissioner, Andris Piebalgs, during a visit to the country. The … Read the full press release

Swiss National Bank’s stabilisation fund repaid the loan granted by the SNB parent company

Zurich, 19-8-2013 — /EuropaWire/ — On 15 August 2013, the stabilisation fund (StabFund) of the Swiss National Bank (SNB) repaid the loan granted by the SNB parent company in full. Under the terms of the agreement, UBS may exercise an option … Read the full press release

Biotie Therapies Corp. released its H1-2013 interim report

19-8-2013 — /EuropaWire/ — Company Highlights April – June 2013 Biotie obtained an exclusive option to acquire Neurelis, Inc., a private specialty pharmaceutical company based in San Diego, CA, focused on developing products for epilepsy and other disorders of the central nervous … Read the full press release

TDC reports for improved earnings within mobility services in its Q2-2013 Interim Report

19-8-2013 — /EuropaWire/ — TDC’s core business is reflecting positive trends in performance. As presented in the Interim Report TDC’s earnings within mobility services showed improved development in the second quarter of 2013 compared with many past consecutive quarters, and its … Read the full press release

Saxo Bank strategists expect end of excessively easy money and turning point towards the slow QE withdrawal in their Q3 Outlook

19-8-2013 — /EuropaWire/ — Saxo Bank’s strategists expect the third quarter to be good for assets and believe Q3 could actually be a major pivot point, marking the end of excessively easy money and a turning point towards the slow withdrawal … Read the full press release

Bulgarian First Investment Bank AD to acquire 100% of shares of MKB Unionbank from Hungarian MKB

19-8-2013 — /EuropaWire/ — First Investment Bank AD (Fibank) has signed with the Hungarian MKB a share purchase agreement to acquire 100% of shares of MKB Unionbank. The transaction will be closed after the customary regulatory approval process. Fibank is a … Read the full press release

EC claims back €180M of EU agricultural policy funds unduly spent by Member States

19-8-2013 — /EuropaWire/ — A total of €180 million of EU agricultural policy funds, unduly spent by Member States, is being claimed back by the European Commission today under the so-called clearance of accounts procedure. However, because some of these amounts … Read the full press release

Credit Suisse: commodity market increased in July 2013 supported by positive macroeconomic data

Commodities were higher in July as fundamentals improved for some commodities, supported by positive macroeconomic data. 19-8-2013 — /EuropaWire/ — Nelson Louie, Global Head of Commodities in Credit Suisse’s Asset Management business, said, “Based on the July Purchasing Managers Index reports, … Read the full press release

The European Commission to invest €13.7M for further development of cross-border digital public services

16-8-2013 — /EuropaWire/ — Following the successful collaboration between EU Member States, industry, national administrations, academia, the private sector and local communities on a series of projects to make living, working, travelling, studying and doing business across borders easier, the European Commission … Read the full press release

Switzerland, Germany, and France scientists developed EU funded miniature “insect” eyes with high industrial potential in mobile robotics, smart clothing and medical applications

Digital Agenda: Swiss, French & German scientists develop miniature artificial insect eyes which could help prevent accidents 16-8-2013 — /EuropaWire/ — Scientists in Switzerland, Germany, and France explored how the insect eye works and designed and built the first fully-functional miniature curved … Read the full press release

EBRD lends US$25M to Kazakh beverage and food producer RG Brands

Leading beverage and consumer goods producer plans to enhance its capital structure to drive its expansion 16-8-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is providing a US$ 25 million loan to RG Brands in Kazakhstan. The … Read the full press release

voestalpine AG’s workforce reached new record figure of 47,154 employees, Q1-2013/14 performance stable despite lower raw materials prices and weaker economy

High capacity utilization remains unchanged in all divisions Headcount reaches new record level with 47,154 employees Revenue of EUR 2.94 billion in the first quarter of 2013/14 3.8% below previous year’s figure (EUR 3.05 billion) due to lower raw materials … Read the full press release

Kiev Metropolitan received funding from EBRD to buy new metro trains from Russia’s metro carriages manufacturer Vagonmash

16-8-2013 — /EuropaWire/ — Kiev Metropolitan has this week unveiled new trains which will enter service this month on the city’s network in a project funded by the European Bank for Reconstruction and Development The EBRD previously signed a €100 million … Read the full press release

Prof Markus Pollnau’s “Optical Ultra-Sensor” research granted €2,5M from the European Research Council Executive Agency (ERCEA)

16-8-2013 — /EuropaWire/ — On 22nd of July the European Research Council Executive Agency (ERCEA) has announced that it is now in a position to initiate the preparation of the grant agreement for Prof Pollnau’s proposal entitled “Optical Ultra-Sensor”, short-named “OPUS”. … Read the full press release

American yogurt with toppers producer YoCrunch acquired by Danone

Paris, 16-8-2013 — /EuropaWire/ — Danone announce today that it has acquired 100% of YoCrunch’s share capital. Founded in 1985, YoCrunch makes yogurt with crunchy toppings packaged separately, in part through licensing agreements with well-known national brands such as M&Ms and Oreo. … Read the full press release

Telefónica, CaixaBank and Banco Santander joint e-commerce venture cleared under EU Merger Regulation

16-8-2013 — /EuropaWire/ — The European Commission has cleared under the EU Merger Regulation the creation of a joint venture between the Spanish telecommunications operator Telefónica and two Spanish banks, CaixaBank, controlled by La Caixa–Caja de Ahorros, and Banco Santander. The … Read the full press release

Sampo Group posted EUR 825 million profit before taxes in H1-2103

16-8-2013 — /EuropaWire/ — Sampo Group’s profit before taxes for the first half of 2013 amounted to EUR 825 million compared to EUR 813 million a year earlier. The total comprehensive income for the period, taking changes in the market value … Read the full press release

Vaisala’s shareholders AGM decided to decrease the share premium fund presented in the company’s balance sheet

16-8-2013 — /EuropaWire/ — Vaisala Corporation’s Annual General Meeting of Shareholders held on March 26, 2013 decided to decrease the share premium fund presented in the Company’s balance sheet on December 31, 2012 by EUR 22,306,293.52 by transferring all the funds … Read the full press release

University of Bath to receive GBP 65M from EIB to build new academic buildings and student residences

16-8-2013 — /EuropaWire/ — The European Investment Bank has agreed to provide GBP 65m to fund new academic buildings and student residences, as well as a significant programme to refurbish teaching and research facilities at the University of Bath. This long-term … Read the full press release