Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Swiss National Bank opens branch in Singapore

Posted on 20, December 2012 by

Zurich, 20-12-2012 — /europawire.eu/ — Against the background of the sharp expansion in foreign exchange reserves and the growing importance of Asian financial markets, the Swiss National Bank (SNB) has decided to open a branch in Singapore, to ensure a more efficient … Read the full press release →

Posted in Banks, Business, Financial, Investment, Switzerland

EIB supports upgrade of Warsaw Metro with EUR 139 million

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The European Investment Bank (EIB) is lending PLN 555 million (some EUR 139 million) to finance the purchase of new rolling stock for Warsaw’s metro. The EIB loan will support the purchase of 35 metro trains and foster … Read the full press release →

Posted in Automotive, Banks, Business, European Union, Financial, Investment, Poland, Transportation & Logistics

Deloitte comments on release of FATCA guidance notes

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — HMRC has issued draft guidance notes on the UK FATCA Intergovernmental Agreement together with its response to the FATCA Consultation Document. Chris Tragheim, tax partner at Deloitte, said: “Financial services companies have been awaiting this draft guidance so that they can … Read the full press release →

Posted in Banks, Business, Financial, Government, Law

EIB approves EUR 500 million for trade finance in Greece

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — The EIB Board approved a new financing instrument for the first time for Greece. This instrument will allow the Bank to provide trade finance support to Greece for an amount of up to EUR 500 million. President Hoyer … Read the full press release →

Posted in Banks, Business, European Union, Financial, Greece, Investment

Deloitte Update on Comet (in Administration)

Posted on 20, December 2012 by

20-12-2012 — /europawire.eu/ — In the absence of an acceptable offer for the whole of the business, the Joint Administrators of Comet can confirm that the remaining 35 stores will close today.  A small team will be retained to support the … Read the full press release →

Posted in Business, Financial, Law, Society, United Kingdom

STAGECOACH IN £4MILLION NEW BUS DELIVERY FOR WIGAN

Posted on 20, December 2012 by

• New vehicles introduced only weeks after takeover from First Group • 31 new buses to go into operation in local communities • Unlimited weekly travel on Stagecoach buses in Wigan to cost just £9 20-12-2012 — /europawire.eu/ — Stagecoach is taking delivery of … Read the full press release →

Posted in Business, Financial, Transportation & Logistics, Travel, United Kingdom

State aid: Commission opens in-depth investigation into payment of dividends by Caixa Geral de Depósitos

Posted on 20, December 2012 by

Brussels, 20-12-2012 — /europawire.eu/ — The European Commission has opened an in-depth investigation to examine whether a payment of dividends in September 2012 by Caixa Geral Finance Limited, an affiliate of Caixa Geral de Depósitos (CGD), is in line with EU State … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law, Politics, Portugal

Switzerland’s international investment position in 2011

Posted on 20, December 2012 by

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 →

Posted in Banks, Business, Financial, Investment, Switzerland

Central banks extend swap arrangements until February 2014

Posted on 19, December 2012 by

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 →

Posted in Banks, Business, European Union, Financial, Investment, Switzerland

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

Posted on 19, December 2012 by

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 →

Posted in Banks, Business, Financial, Government, Law, Switzerland, United Kingdom

Kiln announces new hire with Lloyd’s China

Posted on 19, December 2012 by

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 →

Posted in Financial, Insurance, Management, United Kingdom

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

Posted on 19, December 2012 by

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 →

Posted in Business, Financial, Law, United Kingdom

Commission publishes report on current account surpluses in the EU

Posted on 19, December 2012 by

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 →

Posted in Banks, Belgium, Business, Economy, European Union, Financial, Government, Investment

Ensuring sound public finances: Fiscal Sustainability Report 2012

Posted on 19, December 2012 by

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 →

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

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

Posted on 19, December 2012 by

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 →

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

John Wood Group PLC Pre-close trading update

Posted on 18, December 2012 by

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 →

Posted in Business, Energy, Gas & Oil, Financial, Industrial, United Kingdom

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

Posted on 18, December 2012 by

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 →

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

Swiss National Bank maintains minimum exchange rate

Posted on 18, December 2012 by

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 →

Posted in Banks, Financial, Investment, Switzerland

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

Posted on 18, December 2012 by

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 →

Posted in Banks, European Union, Financial, Healthcare, Investment, Netherlands

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

Posted on 18, December 2012 by

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 →

Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, Investment, Transportation & Logistics