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Greek – Italian joint venture wins construction contract for TAP gas pipeline
May 5th, 2016
A joint venture between Italy’s Renco and Greece’s Terna has won the engineering, procurement and construction (EPC) contract for two compressor stations and a metering station for the Trans Adriatic gas pipeline, the operator TAP said. The line will ...
Saudi Arabia looks to bring in billions of foreign dollars
May 5th, 2016
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low ...
European Stocks Decline Fourth Day as Earnings Fail to Encourage
May 5th, 2016
BHP Billiton leads commodity producers lower on Brazil lawsuit Societe Generale advances as earnings beat estimates European stocks posted their longest losing streak in more than a month as the latest batch of earnings failed to lift investor sentiment. ...
Russia wins Hague court appeal over $50bn Yukos judgement
April 21st, 2016
A Dutch appeal court has overturned an arbitration court decision which required Russia to pay shareholders in the former Yukos oil company $50 billion, the Interfax news agency reports. “We have won our appeal of the arbitration court decision ...
International law firm takes advantage of market liberalisation to enter JV in Malaysia
April 19th, 2016
DAC Beachcroft is the latest firm to take advantage of market liberalisation in Asia, applying for a joint venture (JV) licence with Malaysian association firm Gan Partnership. According to Gan Khong Aik, a partner at Gan Partnership, the two firms have ...
Report suggests law firms are failing on customer service
April 18th, 2016
A new report suggests that there is a ‘disturbing level of tunnel vision’ among law firms when it comes to adopting modern customer service standards, which could ultimately make the difference between success and failure. The report by Peppermint Technology shows that law ...
There’s still a lot of optimism for the eastern Mediterranean gas fields
April 11th, 2016
E MED: Short – Term problems cloud Longer – Term Outlook There’s still a lot of optimism surrounding the eastern Mediterranean, despite a recent decision by the High Court in Jerusalem that will delay Israeli field developments and continuing ...
Presentation of the ECB Annual Report 2015 to the Committee on Economic and Monetary Affairs of the European Parliament
April 8th, 2016
Vítor Constâncio, Vice-President of the ECB presented the ECB’s 2015 Annual Report. Below is the presentation as it was published: Mr Chairman, Honourable Members of the Committee on Economic and Monetary Affairs, Ladies and gentlemen, I am honoured to ...
Banks told to declare links to Panama Papers law firm by next week
April 8th, 2016
Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority by a week on Friday. The City regulator had ...
Dollar hits 17-month low vs. yen, dented by Fed’s cautious stance
April 7th, 2016
The dollar slid to a 17-month low against the yen on Thursday, pressured by minutes of the U.S. Federal Reserve’s meeting last month that underscored caution about future interest rate hikes. The dollar fell to 109.10 yen at one ...
