Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Fortum to launch an efficiency programme to maintain and strengthen its flexibility and competitiveness

Posted on 29, October 2012 by

FORTUM CORPORATION STOCK EXCHANGE RELEASE 19 October 2012 at 8.55 EEST 29-10-2012 — /europawire.eu/ — Fortum is launching an efficiency programme for 2013-2014 in order to maintain and strengthen its strategic flexibility and competitiveness in an increasingly demanding business environment. “The economic situation … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Finland

1 billion iovation device checks strengthen Experian’s global fraud prevention services

Posted on 27, October 2012 by

Experian and Iovation partner in mobile and online fraud prevention London, 27-10-2012 — /europawire.eu/ — Experian,® the global information services company, today announced an international partnership with iovation, the Device Reputation Authority™, to further enhance Experian’s global fraud prevention capabilities. iovation’s … Read the full press release →

Posted in Banks, Business, Financial, Security & Safety, Technology, Telecom, United Kingdom

Daimler-Ergebnis wieder auf hohem Niveau: EBIT von 1.921 Mio. € im dritten Quartal

Posted on 26, October 2012 by

Konzernergebnis von 1.205 (i. V. 1.360) Mio. € Konzernumsatz um 8% auf 28,6 (i. V. 26,4) Mrd. € gesteigert Konzernabsatz um 1% auf 528.600 Fahrzeuge erhöht Prognose für 2012: Konzern-EBIT aus dem laufenden Geschäft von rund 8 Mrd. € erwartet … Read the full press release →

Posted in Automotive, Business, Financial, Germany

Business insolvencies in September fall

Posted on 26, October 2012 by
Business insolvencies in September fall

SME picture shows stability Firms in West Midlands and South West see biggest improvement 26-10-2012 — /europawire.eu/ — The latest BusinessIQ Insolvency Index from Experian®, the global information services company, reveals a 3.1 per cent drop in number of business insolvencies … Read the full press release →

Posted in Business, Economy, Financial, Small Business, United Kingdom

The Two-Speed Economy – Strategien für eine bipolare Welt

Posted on 26, October 2012 by

Keynote von Jörg Asmussen, Mitglied des Direktoriums der EZB, The Boston Consulting Group 79. Kronberger Strategiekonferenz Kronberg, 26-10-2012 — /europawire.eu/ — Sehr geehrte Damen und Herren, herzlichen Dank für die Einladung heute Vormittag hier in Kronberg zu Ihnen zu sprechen. Im 14. … Read the full press release →

Posted in Business, Economy, European Union, Financial, Germany

Speech by Peter Praet: Deleveraging and the role of central banks

Posted on 26, October 2012 by

Speech by Peter Praet, Member of the Executive Board of the ECB, at the Conference: The Effect of Tighter Regulatory Requirements on Bank Profitability and Risk-Taking Incentives, Milan, 26 October 2012 Milan, 26-10-2012 — /europawire.eu/ — Ladies and Gentlemen [1], I am pleased to … Read the full press release →

Posted in Banks, Business, Economy, European Union, Financial, Government, Italy

“’New’ EU Member States catching up in slaughterhouse hygiene” – EU Auditors

Posted on 25, October 2012 by

Luxembourg, 25-10-2012 — /europawire.eu/ — Member States acceding to the EU from 2004 had to ensure that their slaughterhouses met the EU’s hygiene requirements. As these requirements were generally to a much higher standard than existing national requirements, EU funds were provided … Read the full press release →

Posted in Agriculture, Business, European Union, Financial, Government, Luxembourg

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Mergers: Commission approves acquisition of Specialist Computer Holding’s IT distribution business by Tech Data Europe

Posted on 25, October 2012 by

Brussels, 25-10-2012 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the IT products distribution business of Specialist Computer Holdings of the United Kingdom by Tech Data Europe, a wholesaler of IT, consumer electronics … Read the full press release →

Posted in Belgium, Business, European Union, Financial, Government, Law, Technology, Telecom, United Kingdom

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BP Agrees Heads of Terms to Sell its TNK-BP Shareholding to Rosneft

Posted on 25, October 2012 by

Payment by Rosneft to be a mix of $17.1 billion in cash, and shares representing 12.84 per cent of Rosneft BP intends to use $4.8 billion of the cash consideration to purchase a further 5.66 per cent of Rosneft from … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Investment, Russia, United Kingdom

Council adopts new rules to simplify access to EU funds

Posted on 25, October 2012 by

Luxembourg, 25-10-2012 — /europawire.eu/ — The Council today adopted¹ new rules aimed at equipping the EU budget with simpler financial rules while securing sound treatment of European taxpayers’ money (45/12 + 14800/12 ADD 1 + ADD 2 + ADD 3). This follows … Read the full press release →

Posted in European Union, Financial, Government, Investment, Law, Luxembourg

Commission announces new initiatives to boost private investment in the Neighbourhood

Posted on 25, October 2012 by

Brussels, 25-10-2012 — /europawire.eu/ — Two new initiatives to boost private investment in the Neighbourhood region were presented today at the Strategic Board meeting of the Neighbourhood Investment Facility (NIF) in Brussels: The Investment Security in the Mediterranean Region (ISMED) Support Programme … Read the full press release →

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

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Barclays Bolsters Hong Kong private banking team with Senior Banker Hire

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — Barclays today announced that it has appointed Adeline Chien as Managing Director, Hong Kong team, covering ultra-high net worth individuals in Hong Kong. Chien will report to Rickie Chan, Market Head of Hong Kong. Barclays today announced … Read the full press release →

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

EIB lends EUR 75 million to Bolloré Group to finance its investment in deployment of electric vehicles

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — European Investment Bank Vice-President Philippe de Fontaine Vive and Bolloré Group CEO Vincent Bolloré today (12 October) signed a EUR 75 million finance contract for the development and operation of an open electric car-sharing service in Ile de France. On … Read the full press release →

Posted in Automotive, Banks, Business, Environment, Financial, Science, Technology

BP Statement re: TNK-BP

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — At the request of the UK Listing Authority, BP confirms that the 90 day period as set out in the TNK-BP shareholder agreement has concluded. If and when BP reaches any agreement, it will make an announcement … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Government, Investment

“Men only” ECB rejected by MEPs

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — On Thursday MEPs gave a final thumbs down to the Council’s intransigence in failing to commit to a better gender balance within what is effectively Europe’s most powerful financial institution, the European Central Bank. By a narrow … Read the full press release →

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

Italy: EUR 200 million from EIB for Emilia Romagna earthquake

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — The European Investment Bank (EIB) has made lines of credit totalling EUR 200 million available to local companies and entities in Emilia Romagna in the areas affected by the earthquake last May. The loans will be disbursed via … Read the full press release →

Posted in Banks, Business, Financial, Investment, Italy, Small Business, Society

EIB supports Reggefiber roll-out in 50 Dutch municipalities

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — The European Investment Bank has agreed to provide EUR 125m to Reggefiber for expansion of the company’s optical fibre network to an additional 50 municipalities across the Netherlands. Six commercial banks provide an additional EUR 125m, leading … Read the full press release →

Posted in Business, Financial, Internet & Online, Investment, Netherlands, Technology, Telecom

Statement by the EC, ECB, and IMF on the Review Mission to Ireland

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during October 16–25, 2012 for the eighth review of the government’s economic programme and also met with a variety of … Read the full press release →

Posted in Banks, Economy, European Union, Financial, Germany, Government, Ireland, Society

Barclays Bank Ireland increases support for US & multinational companies in Ireland with new hire

Posted on 25, October 2012 by

25-10-2012 — /europawire.eu/ — Barclays Bank Ireland is to offer increased support to US & multinational companies looking to do business in Ireland with the appointment of Sinéad Neeson* as a Relationship Director within its multinational corporate team. Given Ireland’s position … Read the full press release →

Posted in Banks, Business, Financial, Ireland, Management

Start free trade talks with Japan but make room for EU car sales, say MEPs

Posted on 25, October 2012 by

The EU should start talks on a free trade deal with Japan, said MEPs on Thursday, pointing to the huge gains for jobs and growth that deeper trade ties could bring. But talks should be suspended if Japan fails to … Read the full press release →

Posted in Automotive, Business, European Union, Financial, Government, Politics