Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Business Leaders Call to Include Social Goals in Corporate Decisions

Posted on 29, January 2013 by

Businesses’ increased power means increased responsibility to solve global problems Companies that focus only on short-term profit will not survive Governments should create incentives for businesses to shift focus The theme of the 43rd World Economic Forum Annual Meeting is Resilient Dynamism. For more … Read the full press release →

Posted in Business, Financial, Government, Non Profit, Politics, Society, Switzerland

ArcelorMittal to record non-cash impairment charge in Q4 2012

Posted on 29, January 2013 by

Luxembourg, 29-1-2013 — /europawire.eu/ — ArcelorMittal today announced it expects to write down the goodwill in its European businesses by approximately US$4.3bn. This follows the completion of its yearly goodwill impairment test, as required by IFRS accounting standards. The write down … Read the full press release →

Posted in Business, Financial, Industrial, Luxembourg, Metals and Minerals

Aviva appoints Bob Stein as a non-executive director

Posted on 29, January 2013 by

29-1-2013 — /europawire.eu/ — Aviva plc (“Aviva” or “the Company”) announces that Bob Stein has today been appointed as a non-executive director of the Company. Bob is currently a non-executive director and vice-chair of the audit committee of Assurant, Inc (US … Read the full press release →

Posted in Business, Financial, Insurance, Management, United Kingdom

The Global Economy in 2013: “Fragile and Timid Recovery”

Posted on 29, January 2013 by

The International Monetary Fund forecasts 3.5% GDP growth for the global economy in 2013 The economic climate is much better this year than last year, but the recovery is “fragile and timid” A new economic policy in Japan and strength … Read the full press release →

Posted in Business, Economy, Financial, Switzerland

Valuation of SAS Rue la Boétie shares in the consolidated financial statements of the Crédit Agricole Regional Banks

Posted on 29, January 2013 by

Montrouge, 29-1-2013 — /europawire.eu/ — Crédit Agricole S.A. announces that the Crédit Agricole Regional Banks have just changed the method they use to value their shares in SAS Rue La Boétie (SAS RLB) – the majority shareholder in Crédit Agricole S.A. – … Read the full press release →

Posted in Banks, Business, Financial, France

ArcelorMittal extends conversion date for $1bn mandatory convertible bond

Posted on 29, January 2013 by

Luxembourg, 29-1-2013 — /europawire.eu/ — ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is … Read the full press release →

Posted in Business, Financial, Industrial, Investment, Luxembourg, Metals and Minerals

Aviva appoints Khor Hock Seng as CEO Aviva Asia

Posted on 29, January 2013 by

29-1-2013 — /europawire.eu/ — Aviva plc (“Aviva”) announces the appointment of Khor Hock Seng as CEO of Aviva Asia. Mr Khor, who will be based in Singapore, will take up his new role on 8 March and will join the Group Executive, … Read the full press release →

Posted in Business, Financial, Insurance, Management, United Kingdom

China’s Currency Unlikely to Topple US Dollar as World’s Reserve Currency

Posted on 29, January 2013 by

China’s currency, the RMB, is unlikely to internationalize in the short term The world needs to better understand how Beijing views its global responsibilities The theme of the 43rd World Economic Forum Annual Meeting is Resilient Dynamism. For more information, visit http://wef.ch/Davos Davos-Klosters, Switzerland, 29-1-2013 … Read the full press release →

Posted in Business, Economy, Financial, Switzerland

Graphene and Human Brain Project win largest research excellence award in history, as battle for sustained science funding continues

Posted on 29, January 2013 by

29-1-2013 — /europawire.eu/ — The European Commission today announced the winners of a multi-billion euro competition of Future and Emerging Technologies (FET). The winning Graphene and Human Brain initiatives are set to receive one billion euros each, to deliver 10 years … Read the full press release →

Posted in Awards, Business, European Union, Financial, Government, Healthcare, Science, Society, Technology

LLOYDS BANKING GROUP INCREASES FINANCIAL SUPPORT FOR SCOTTISH CHARITIES

Posted on 28, January 2013 by

28-1-2013 — /europawire.eu/ — Lloyds Banking Group is to commit a further £1 million to the Bank of Scotland Foundation, doubling the money available to help support charities across Scotland. The charitable foundation, which was set up two years ago, already … Read the full press release →

Posted in Banks, Financial, Non Profit, Society, United Kingdom

Siemens off to solid start in fiscal 2013

Posted on 28, January 2013 by

Revenue slightly above prior-year level Book-to-bill ratio again above 1 Total Sectors profit up four percent No economic tailwinds expected in fiscal 2013 Munich, Germany, 28-1-2013 — /europawire.eu/ — Siemens is starting fiscal 2013 with solid figures. Compared to the same period … Read the full press release →

Posted in Business, Electronics & Machinery, Energy, Gas & Oil, Financial, Germany, Healthcare, Industrial

Crédit Agricole S.A. launches the sale of 5.2% of Bankinter’s share capital

Posted on 28, January 2013 by

Paris, 28-1-2013 — /europawire.eu/ — Crédit Agricole S.A., which currently holds 85,146,775 shares amounting to approximately 15.1% of Bankinter’s share capital, has launched the process to sell a portion of this stake. The sale offer relates to 29,300,000 shares, representing approximately 5.2% of … Read the full press release →

Posted in Banks, Business, Financial, France, Investment, Spain

Ireland: Commission completes eighth Programme review

Posted on 28, January 2013 by

Brussels, 28-1-2013 — /europawire.eu/ — The European Commission has completed its eighth review of the EU-IMF financial assistance programme for Ireland and has published the technical report by the Directorate General for Economic and Financial Affairs (ECFIN) which assesses programme implementation by … Read the full press release →

Posted in Belgium, Economy, European Union, Financial, Government, Investment, Ireland

S&P affirms Generali rating at A

Posted on 28, January 2013 by

Trieste, 28-1-2013 — /europawire.eu/ — Standard & Poor’s, the rating agency, affirmed Generali rating at A, removing it from CreditWatch negative. The outlook is Negative. The rating is “two notches above the long-term rating on the Republic of Italy” thanks … Read the full press release →

Posted in Business, Financial, Insurance, Investment, Italy

EIB and Bankinter sign SME and midcap financing agreement

Posted on 28, January 2013 by

28-1-2013 — /europawire.eu/ — The European Investment Bank (EIB) has signed a EUR 200 million agreement with Bankinter to finance the investment projects – especially innovation projects – of SME and midcap companies (with up to 3 000 employees) in the industrial … Read the full press release →

Posted in Banks, Business, Financial, Investment, Small Business, Spain

Liquidity Bubble a Risk as Economy Improves

Posted on 26, January 2013 by

Central banks will need to remove liquidity from the system as economic conditions improve 2013 will be a transition year in which spending will increase Productivity will replace liquidity as the primary focus for growth The theme of the 43rd … Read the full press release →

Posted in Banks, Business, Economy, Financial, Government, Investment, Politics, Society, Switzerland

Zurich goes live with Detica NetReveal for fraud prevention and detection

Posted on 26, January 2013 by

Zurich Insurance Company in Italy has gone live with the multi-award winning Detica NetReveal® OnDemand managed service for claims fraud prevention 26-1-2013 — /europawire.eu/ — This is the first deployment of Detica NetReveal in Italy and the solution forms part of Zurich’s global rollout, building … Read the full press release →

Posted in Business, Financial, Insurance, Italy, Security & Safety, Switzerland, Technology, United Kingdom

EIB continues to support smaller projects in Croatia with EUR 250 million

Posted on 26, January 2013 by

The European Investment Bank (EIB) is lending EUR 250 million to the Croatian Bank for Reconstruction and Development (HBOR – Hrvatska banka za obnovu i razvitak) to finance smaller projects promoted by small and medium-sized enterprises (SMEs), mid-cap companies and … Read the full press release →

Posted in Banks, Business, Croatia, European Union, Financial, Government, Investment, Small Business

EU Conference on renewed financial assistance to countries wishing to join

Posted on 26, January 2013 by

Brussels, 26-1-2013 — /europawire.eu/ — The European Commission is today hosting a conference in Brussels to discuss preparations for the new Instrument for Pre-accession Assistance for the period 2014-2020 (IPA II). The conference will focus on how to provide efficient and constructive … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Politics

SureNow – Spontan in die Berge und noch schnell per Smartphone die Ski-Versicherung buchen

Posted on 25, January 2013 by

Neues App-Portal ermöglicht spontanen Versicherungsabschluss, überall und auch für kurze Dauer Kooperation mit der HDI Versicherung AG bietet Absicherung gegen Skibruch, Diebstahl und Unfall zu Tagestarifen ab 2,90 Euro 25-1-2013 — /europawire.eu/ — Spontan in den Schnee, ein Wintersportwochenende mit Freunden, … Read the full press release →

Posted in Business, Financial, Germany, Insurance, Internet & Online, Technology, Telecom