Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Aviva recommends retirees should consider a mix of solutions to fund their retirement in their Making Good Retirement Choices report

LONDON, 30-9-2014 — /EuropaWire/ — Retirees should consider a mix of solutions to fund their retirement rather than take a once-only annuity versus income drawdown decision, an investment special report from Aviva recommends. Aviva’s Making Good Retirement Choices report takes … Read the full press release

The London Metal Exchange announces new fee schedule to support the ongoing programme of investment

Tariff simplified to give all-in transaction fee in a single currency Discounts offered for some trade types, including Ring trades Supports continued investment in IT, systems and service provisions LONDON, 29-9-2014 — /EuropaWire/ — The London Metal Exchange (LME) today … Read the full press release

L’Atelier BNP Paribas announced the appointment of Nathalie Doré as the CEO of its San Francisco-based American subsidiary

Paris, San Francisco, 29-9-2014 — /EuropaWire/ — L’Atelier BNP Paribas has announced the appointment of Nathalie Doré as the CEO of its San Francisco-based American subsidiary. She is succeeding Sergi Herrero. Nathalie Doré will report to Louis Treussard, CEO of … Read the full press release

Jean Lemierre named BNP Paribas Chairman of the Board

During its meeting today, the Board of Directors of BNP Paribas acknowledged Baudouin Prot’s decision to step down as Chairman and Director as of 1 December 2014. The Board will meet on this same date to appoint, following the proposal … Read the full press release

Glencore completes sale of its interest in Frieda River Project in Papua New Guinea to PanAust Limited

Baar, Switzerland, 29-9-2014 — /EuropaWire/ — We refer to Glencore plc’s (“Glencore”) announcement on 31 October 2013 relating to the execution of a share sale agreement (“SSA”) with PanAust Limited (“PanAust”) for the sale of its interest in the Frieda River … Read the full press release

Shell, BP, Maersk, Stena, NYK, MOL and “K” Line Joint Shipping Initiative give $1.5M additional funds to UNDP’s “Alternative Livelihoods to Piracy in Puntland and Central Regions of Somalia” project

The Joint Shipping Initiative – made up of Shell, BP, Maersk, Stena and Japanese shipping companies NYK, MOL and “K” Line – today announced it has given $1.5 million of additional funds to a United Nations Development Programme (UNDP) project … Read the full press release

EBRD co-hosted conference “The ESCO Opportunity: Improving Energy Efficiency in Public Facilities” in Belgrade

EBRD and Ministry of Mining and Energy of the Republic of Serbia deepen private-public sector collaboration LONDON, 26-9-2014 — /EuropaWire/ — Improved cooperation between the private and public sectors with regard to energy efficiency was the focus of a conference … Read the full press release

The EBRD sells its 5% stake in Bank of Georgia Holdings Plc

Sale reflects strong institutional investor demand and increasing investor focus on Georgia LONDON, 26-9-2014 — /EuropaWire/ — The EBRD has sold its 5% stake in Bank of Georgia Holdings Plc, the country’s largest bank. The 1,795,503 shares, representing the EBRD’s … Read the full press release

The European Commission increases assistance by further €20 million to help vulnerable people in South Sudan

BRUSSELS, 26-9-2014 — /EuropaWire/ — The European Commission is responding to the continuing major crisis in South Sudan by increasing its life-saving assistance by a further €20 million to help its most vulnerable people. “A human catastrophe of alarming proportions … Read the full press release

The European Commission refers Germany to the European Court of Justice regarding its rules on VAT refund applications which discriminate against non-EU operators

BRUSSELS, 26-9-2014 — /EuropaWire/ — The European Commission has decided to refer Germany to the European Court of Justice regarding its rules on VAT refund applications which discriminate against non-EU operators. Under German VAT legislation, taxable persons established outside the … Read the full press release

The European Commission opens infringement proceedings against Bulgaria for its failure to correctly transpose the Deposit Guarantee Scheme Directive

BRUSSELS, 26-9-2014 — /EuropaWire/ — The European Commission is opening infringement proceedings against the Republic of Bulgaria for its failure to correctly transpose Articles 1(3) and 10(1) of Directive 94/19/EC (the Deposit Guarantee Scheme Directive) as well as its failure … Read the full press release

Professor Nicholas Bloom from Stanford University and Professor John Van Reenen from the London School of Economics and Political Science awarded the EIB Prize for excellence in economic research

EIB President Hoyer: EU must tackle the gap in competitiveness – Investment in innovation is key BERLIN, 26-9-2014 — /EuropaWire/ — Two internationally renowned European scholars in the field of managerial and technological innovation were awarded the EIB Prize for … Read the full press release

The Future Fund received £1 million donation from the Barbour Foundation to build children’s cancer research facility at Newcastle University

Newcastle, UK, 23-9-2014 — /EuropaWire/ — The Future Fund campaign has taken a significant step closer to its goal of establishing a specialist children’s cancer research facility at Newcastle University after receiving a £1 million donation from the Barbour Foundation. Dame … Read the full press release

Standard Chartered to launch China SME Confidence Index aimed at understanding the activity and sentiment among small and mid-sized Chinese companies

LONDON, 22-9-2014 — /EuropaWire/ — Standard Chartered today launched its China SME Confidence Index (SMEI). Initially launched in October 2011 as the first confidence index targeting SMEs developed by an international bank in China, SMEI has been substantially revamped in … Read the full press release

The BFA-Bankia Group signs agreement for the sale of two loan portfolios for 895 million euros

The sale reduces the Group’s non-performing loans by 482.2 million euros The impact on the Group’s liquidity and capital is positive, on account of the high level of provisions already taken against the loans MADRID, 19-9-2014 — /EuropaWire/ — The … Read the full press release

Fiat S.p.A. announces that it intends to proceed with note issuance denominated in Swiss Francs

TURIN, 17-9-2014 — /EuropaWire/ — Fiat S.p.A. announces that it intends to proceed, subject to market conditions, with a note issuance denominated in Swiss Francs. The notes are to be issued in benchmark size for the Swiss market by Fiat … Read the full press release

Ghent University and Vrije Universiteit Brussel joint spin-off Luceda Photonics receives funding to start commercialization of its photonics design software

Ghent, Belgium, 16-9-2014 — /EuropaWire/ — Imec’s investment arm Fidimec and the Flemish spin-off investment fund SOFI I are investing EUR 340k in Luceda Photonics, a joint spin-off from Ghent University, the Vrije Universiteit Brussel (VUB) and imec. Luceda Photonics … Read the full press release

BKW Group reports strong result in the first half of 2014

BERN, 15-9-2014 — /EuropaWire/ — BKW Group achieved a strong result in the first half of 2014, recording an increase in total operating revenue. Operating profit before depreciation, amortisation and impairment decreased to CHF 224 million and net profit to CHF … Read the full press release

Experian research: UK drivers aged between 18 to 24 least likely to use internet as first source of information before buying a car

Three out of four car purchases are made through manufacturer/independent dealerships Nottingham, UK, 15-9-2014 — /EuropaWire/ — Drivers aged between 18 to 24 are the least likely to use the internet as the first source of information before buying a car, … Read the full press release

Gemalto introduces Allynis Trusted Services Hub to enable digital service providers to benefit from single connection to securely deploy their mobile payment services

Amsterdam, 12-9-2014 — /EuropaWire/ — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today introduces its Allynis Trusted Services Hub, a turnkey business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to … Read the full press release