Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Switzerland’s international investment position in 2011

International investment position increases – Growth in foreign assets greater than that in foreign liabilities Zurich,  20-12-2012 — /europawire.eu/ — In 2011, the international investment position was shaped by the financial account and falling share prices. In contrast to the previous … Read the full press release

Central banks extend swap arrangements until February 2014

Zurich, 19-12-2012 — /europawire.eu/ — The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank today are announcing an extension of the existing temporary U.S. dollar liquidity swap arrangements through February 1, … Read the full press release

Deloitte comments on HM Revenue and Customs (HMRC) writing to Swiss investors

19-12-2012 — /europawire.eu/ — Tom Rowbotham, Deloitte tax partner said: “The ground-breaking agreement between the UK and the Swiss Confederation, which is about to come into force, has a clear timetable which Swiss banks need to comply with. Banks in Switzerland are notifying … Read the full press release

Kiln announces new hire with Lloyd’s China

19-12-2012 — /europawire.eu/ — Kiln, the international specialist insurance and reinsurance underwriting group, today announced that it has appointed Gu Jin, an experienced reinsurance professional with extensive knowledge of the Chinese reinsurance market, to lead its new venture with Lloyd’s Insurance … Read the full press release

Mid-tier law firms consolidate as Top 100 see revenue growth slow for fourth consecutive quarter

19-12-2012 — /europawire.eu/ — The UK’s top 100 law firms achieved fee income growth of 3.4% in the quarter ended 31 October 2012, compared with the same period last year, according to the latest Quarterly Legal Sector Survey from business advisory … Read the full press release

Commission publishes report on current account surpluses in the EU

Βrussels, 19-12-2012 — /europawire.eu/ — 1. The context Macroeconomic imbalances in the euro area and in the EU expanded significantly in the run-up to the financial crisis. The imbalances manifested themselves in significant and persistent divergence in the current accounts of … Read the full press release

Ensuring sound public finances: Fiscal Sustainability Report 2012

Brussels, 19-12-2012 — /europawire.eu/ — What is the Fiscal Sustainability Report? The Fiscal Sustainability Report 2012 is a study produced by the services of the European Commission. The report analyses the sustainability of public finances in the Member States, looking in particular at … Read the full press release

The European banking union, a precondition to financial stability and a historical step forward for European integration

Michel BARNIER – Member of the European Commission, responsible for Internal Market and Services Transatlantic Corporate Governance Dialogue Brussels, 19-12-2012 — /europawire.eu/ — Ladies and Gentlemen, First of all, I would like to thank the European Corporate Governance Institute, and Chairman Jörgen HOLMQUIST, … Read the full press release

John Wood Group PLC Pre-close trading update

18-12-2012 — /europawire.eu/ — John Wood Group PLC (“Wood Group”) issues the following pre-close trading update for the year to 31 December 2012. Full year results will be announced on 5 March 2013. Overall, conditions in energy markets remain favourable. The … Read the full press release

The European Union is increasing its support to Tunisia’s disadvantaged neighbourhoods

Brussels, 18-12-2012 — /europawire.eu/ — The European Union (EU) has approved a financial assistance programme for Tunisia which aims to rehabilitate 119 poorer neighbourhoods and improve the living conditions of hundreds of thousands of people in those neighbourhoods. Štefan Füle, European Commissioner … Read the full press release

Swiss National Bank maintains minimum exchange rate

Monetary policy assessment of 13 December 2012 Berne, 18-12-2012 — /europawire.eu/ — The Swiss National Bank (SNB) is leaving the minimum exchange rate of CHF 1.20 per euro unchanged. The Swiss franc is still high. An appreciation of the Swiss franc would … Read the full press release

Amsterdam University Hospital to be upgraded with EUR 100m EIB support

18-12-2012 — /europawire.eu/ — Plans to modernise healthcare facilities and upgrade a dedicated secure power supply at Amsterdam’s main teaching hospital will be supported by a EUR 100m loan from Europe’s long-term lending institution. Refurbishment of the main building of the … Read the full press release

The EIB confirms its role as leading investor in Morocco with new commitment of €420 million for transport and energy infrastructure

18-12-2012 — /europawire.eu/ — The EIB confirms its role as the leading investor in Morocco with this new commitment of €420 million for transport and energy infrastructure. This loan follows on from the 2011 decision by the EIB’s Board of Directors … Read the full press release

Supporting growth and jobs in Greece – Task Force for Greece quarterly report December 2012

Brussels, 18-12-2012 — /europawire.eu/ — The Commission’s Task Force for Greece has presented its third quarterly report on technical assistance for Greece. The report describes the assistance provided by the Task Force, the Member States, international organisations and other specialist bodies to … Read the full press release

Fighting tax evasion: stronger EU rules enter into force on 1st January

Brussels, 18-12-2012 — /europawire.eu/ — New EU rules which will improve Member States’ ability to assess and collect the taxes that they are due will enter into force on 1 January 2013. The Directive on Administrative Cooperation in the field of taxation … Read the full press release

150 million people benefitted from EU Food Facility, new report shows

Brussels, 18-12-2012 — /europawire.eu/ — A new report on the EU’s Food Facility, set up in 2008 to counter the negative effects of the food crisis, show that in three years, the EU has improved the lives of over 59 million people … Read the full press release

New VAT rules to make life easier for businesses from 1st January 2013

Brussels, 17-12-2012 — /europawire.eu/ — From 1st January 2013, new EU VAT rules enter into effect, which will make life much simpler for businesses across Europe. First, electronic invoicing will have to be treated the same as paper invoicing, enabling companies to … Read the full press release

Banca MPS: S&P’s lowers ratings

17-12-2012 — /europawire.eu/ — Banca Monte dei Paschi di Siena informs that the International ratings agency Standard&Poor’s has lowered BMPS’ ratings. Specifically, the agency revised down its assessment of MPS’ Stand Alone Credit Profile (SACP) to ‘b+’ from ‘bb+’ and its … Read the full press release

Commission to fund top research chairs in less-developed regions

Brussels, 17-12-2012 — /europawire.eu/ — Grants of up to €2.4 million will be awarded to universities or research institutions in less developed regions in Europe, under a pilot programme of the European Commission. The aim of the so-called ERA Chairs initiative is … Read the full press release

Disclosure pursuant to art. 114, paragraph 5, of Legislative Decree no. 98/1998 – “Banca Monte dei Paschi di Siena S.p.A.” 2011/2017 “TassoMisto Cap&Floor BancoPosta, Series 4” bonds

17-12-2012 — /europawire.eu/ — Banca Monte dei Paschi di Siena S.p.A. (hereinafter “BMps”) as issuer pursuant to and by effect of Consob communication no. DEM/DME/9053316 of 8 June 2009, in compliance with art. 114, paragraph 5, Legislative Decree no. 58/1998, under … Read the full press release