Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Druga szansa dla uczciwych przedsiębiorstw: Komisja proponuje nowoczesne prawo upadłościowe

Posted on 13, December 2012 by

Strasburg, 13-12-2012 — /europawire.eu/ — Dla przedsiębiorstw, które ucierpiały wskutek kryzysu gospodarczego, „deską ratunku” będzie propozycja unowocześnienia europejskiego prawa dotyczącego transgranicznych postępowań upadłościowych. Komisja Europejska przedstawiła dziś projekt dający „drugą szansę” firmom, które w normalnych warunkach byłyby rentowne. Komisja proponuje uaktualnić obecne przepisy … Read the full press release →

Posted in Business, European Union, Financial, France, Government, Law, Small Business

Mergers: Commission welcomes General Court judgment in Electrabel case

Posted on 13, December 2012 by

Brussels, 13-12-2012 — /europawire.eu/ — The European Commission welcomes today’s judgment by the General Court (GC) which fully dismissed Electrabel’s appeal of a Commission decision of June 2009 fining Electrabel €20 million for acquiring control over Compagnie Nationale du Rhône without prior … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, European Union, Financial, Government, Law

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Eleven EU countries get Parliament’s all clear for a financial transaction tax

Posted on 13, December 2012 by

13-12-2012 — /europawire.eu/ — Eleven EU countries planning to introduce a financial transaction tax (FTT) won a resounding go-ahead from MEPs on Wednesday. Together, they account for 90% of Eurozone GDP. MEPs have long advocated an FTT to make financial market … Read the full press release →

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

Giving honest businesses a second chance: Commission proposes modern insolvency rules

Posted on 13, December 2012 by

Strasbourg, 13-12-2012 — /europawire.eu/ — Businesses hit by the economic crisis will be thrown a lifeline under a new proposal from the European Commission today to modernise Europe’s rules on cross-border business insolvency, helping to give otherwise viable businesses a ‘second chance’. … Read the full press release →

Posted in Business, European Union, Financial, France, Government, Law, Politics

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PSA Peugeot Citroën Restructuring Plan: End of the consultation period on the economic chapter and continuation of negotiations on the support measures

Posted on 13, December 2012 by

Paris, 12-12-2012 — /europawire.eu/ — A summary review of the SECAFI audit report on the Group’s restructuring plan was presented yesterday to management and the members of the Central Works Council during a special meeting. Following the meeting, the Central Works Council … Read the full press release →

Posted in Automotive, Business, Financial, France

CoR welcomes State Aid reform and calls for wider flexibility for regions

Posted on 13, December 2012 by

Brussels, 12-12-2012 — /europawire.eu/ — The reform of the EU State Aid regime was among the key issues discussed on 7 December by the Committee of the Regions’ (CoR) Commission for Territorial Cohesion Policy (COTER) and in a bilateral meeting between the … Read the full press release →

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

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Post-conflict West African power networks get EUR 75m European support

Posted on 12, December 2012 by

12-12-2012 — /europawire.eu/ — Separate power networks in West Africa are set to be joined following a new regional electricity project backed by the European Investment Bank. Work to link power systems of Ivory Coast, Liberia, Sierra Leone and Guinea will … Read the full press release →

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

ADVERTENCIA AL PÚBLICO DE ENTIDAD NO REGISTRADA EN SUPERVISORES INTERNACIONALES

Posted on 12, December 2012 by

12-12-2012 — /europawire.eu/ — La Comisión Nacional del Mercado de Valores (CNMV) hace públicas las advertencias recibidas a través de los supervisores de los mercados de Portugal y Reino Unido. El supervisor portugués informa de que AWI FINANCIAL (WWW.AWIFINANCIAL.COM) no es … Read the full press release →

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

ESMA finalises guidelines on repo arrangements for UCITS funds

Posted on 12, December 2012 by

12-12-2012 — /europawire.eu/ — The European Securities and Markets Authority (ESMA) has today published its final guidelines on repurchase and reverse repurchase agreements for UCITS funds. The guidelines state that UCITS should only enter into such agreements if they are able … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Investment, Law

ECB publishes consolidated banking data for end-June 2012

Posted on 12, December 2012 by

12-12-2012 — /europawire.eu/ — Today the European Central Bank (ECB) is publishing the June-2012 Consolidated Banking Data (CBD), a data set that provides various statistics about the EU banking system on consolidated basis. It includes statistics on both individual EU Member … Read the full press release →

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

Viewpoint: How likely is Britain to lose its prized triple-A credit rating?

Posted on 12, December 2012 by
Costas Milas is Professor of Finance at the University of Liverpool’s Management School

“Chancellor George Osborne should only worry if net government debt hits 80% of GDP in 2013 and even further if Britain drops its European Union membership.” 12-12-2012 — /europawire.eu/ — “In his autumn statement, Chancellor George Osborne updated the parliament with … Read the full press release →

Posted in Business, Economy, Education, Financial, Politics, United Kingdom

Zambian sustainable energy infrastructure gets EUR 50m EIB support

Posted on 12, December 2012 by

12-12-2012 — /europawire.eu/ — Energy users across Zambia and Southern Africa will benefit from a new 120 MW hydropower plant and long-distance transmission line to be financed with support from Europe’s long-term lending institution. The European Investment Bank will provide … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Investment

EU Budget 2013 Adopted: Statement by Commissioner for Financial Programming and Budget Janusz Lewandowski

Posted on 12, December 2012 by

Brussels, 12-12-2012 — /europawire.eu/ — This statement was made after the plenary session of the European Parliament adopted the proposal for the 2013 EU budget, one week after the Council approved it. “I am pleased that the European Union, its citizens, regions, … Read the full press release →

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

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EU and Swiss regulators to co-operate on cross-border supervision of alternative investment funds

Posted on 12, December 2012 by

12-12-2012 — /europawire.eu/ — The European Securities and Markets Authority (ESMA) has approved the co-operation arrangements between the Swiss Financial Market Supervisory Authority FINMA and the EU securities regulators for the supervision of alternative investment funds, including hedge funds, private equity … Read the full press release →

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

ADVERTENCIA AL PÚBLICO DE LA CNMV DE ENTIDAD NO REGISTRADA

Posted on 11, December 2012 by

Lunes, 11-12-2012 — /europawire.eu/ — La Comisión Nacional del Mercado de Valores (CNMV) advierte sobre las compañías ASCOT MANAGEMENT SERVICES LTD. (WWW.ASCOTMANAGEMENTSERVICES.COM) y ASCOT ENERGY SERVICES LTD. (WWW.ASCOTENERGYSERVICES.COM). La CNMV pone de manifiesto que dichas sociedades no figuran inscritas en el correspondiente … Read the full press release →

Posted in Financial, Government, Investment, Spain

LGT Capital Partners backs private equity team spinning off from KBC

Posted on 11, December 2012 by

11-12-2012 — /europawire.eu/ — KBC Private Equity NV (‘KBC PE’) has reached agreement with KeBeK I, a newly established private equity investment fund managed by KeBeK Management NV, regarding the sale of the major part of KBC PE’s remaining private equity portfolio. Today’s announcement … Read the full press release →

Posted in Banks, Belgium, Business, Financial, Investment, Switzerland

KBC maakt het volgende bekend

Posted on 11, December 2012 by

DIT BERICHT MAG NOCH DIRECT NOCH INDIRECT GEPUBLICEERD OF VERSPREID WORDEN IN OF NAAR DE VERENIGDE STATEN VAN AMERIKA, CANADA, AUSTRALIË, JAPAN, ZUID-AFRIKA OF EEN ANDER LAND OF RECHTSGEBIED WAAR DAT EEN INBREUK ZOU VORMEN OP DE TOEPASSELIJKE WETGEVING   … Read the full press release →

Posted in Banks, Belgium, Business, Financial, Government, Investment

KeBeK I verwerft een belangrijk deel van de resterende portefeuille van KBC Private Equity

Posted on 11, December 2012 by

KeBeK I wordt opgericht door de nieuwe beheersvennootschap KeBeK Management met de steun van LGT Capital Partners 11-12-2012 — /europawire.eu/ — KBC  Private Equity NV  (KBC  PE) heeft een akkoord  bereikt over de verkoop van het merendeel  van  zijn  resterende portefeuille aan  het pas … Read the full press release →

Posted in Banks, Belgium, Business, Financial, Investment, Switzerland

Budgets committee confirms deal on 2012/2013 budget package

Posted on 11, December 2012 by

11-12-2012 — /europawire.eu/ — Six billion Euros to pay bills in 2012, priority for growth and jobs in next year’s budget and a strategy for dealing with payment shortfalls in 2013. These are the main parts of the budget package formally … Read the full press release →

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

More funds do not mean more growth for the EU, according to leading economist

Posted on 11, December 2012 by
Economist Professor Sascha Becker

11-12-2012 — /europawire.eu/ — Economist Professor Sascha Becker presented a Chatham House paper today (Thurs) on the future of EU Structural Funds. Professor Becker is Deputy Director at Centre for Competitive Advantage in the Global Economy, based in the Department of … Read the full press release →

Posted in Economy, Education, European Union, Financial, Government, Investment, Society, United Kingdom