Search Results for: EU commission
Deutsche Bank to sell its stake in a Chinese Bank for Billions
December 29th, 2015
Deutsche Bank announced today that it has agreed to sell its entire 19.99% stake in Hua Xia Bank to PICC Property and Casualty Company Limited for a consideration of RMB 23.0 to 25.7bn subject to final price adjustment at ...
EU And US Financial Regulators Appear To Soften Stances On Long-Standing Dispute
December 21st, 2015
The dispute between American and European regulators centered on margin requirements for clearinghouses could be resolved soon. A long-running spat between U.S. and European financial regulators may soon come to a close. In an interview with the Financial Times ...
2015 was a year from hell for the European Union. The 2016 Could be worse with a Brexit
December 21st, 2015
By any measure, it has been a year from hell for the European Union. And if Britons vote to leave the bloc, next year could be worse. Not since 1989, the year the Berlin Wall fell and communism crumbled ...
EU To Extend Minimum 15 Percent VAT Rate
December 21st, 2015
The European Commission has proposed that an EU law provision be extended to ensure that member states levy a headline VAT rate of at least 15 percent until December 31, 2017. Article 97 of the EU VAT Directive provides ...
Merkel’s Refugee Mini-Summit Threatens EU Split
December 17th, 2015
German Chancellor Angela Merkel Thursday attended an EU mini-summit on the sidelines of the main European Council meeting of all 28 member states in a move seen by many as a sign of further divisions in Europe. Merkel is ...
EU and WTO partners finalise high tech trade deal
December 17th, 2015
Deal initiated by the EU adds momentum to the multilateral World Trade Organization process happening now in Nairobi. The EU and another 23 members of the World Trade Organization (WTO) today completed a trade deal that eliminates custom duties ...
EU Court Overturns Decision to Fine Airlines in Cartel Case
December 17th, 2015
The European Union’s second-highest court has overturned a decision to impose €790 million ($864 million) of fines on more than a dozen airlines including Air France KLM and British Airways for operating an airfreight cartel. In a statement published ...
European Parliament set to hold inquiry into VW emissions scandal
December 17th, 2015
The European Parliament plans to set up a committee to investigate Volkswagen‘s (VOWG_p.DE) emissions scandal and whether regulatory oversight of the car industry was too lax. Members of the European Parliament will vote on the issue around midday on ...
Making progress on better regulation: Commission endorses better law-making deal and appoints REFIT Platform members
December 17th, 2015
Making progress on better regulation: Commission endorses better law-making deal and appoints REFIT Platform members On 15 December, the Commission endorsed a new Inter-institutional Agreement (IIA) on Better Law-Making with the European Parliament and Council to improve the quality ...
With change of tone, EU warms to Turkey, Serbia membership bids
December 15th, 2015
The European Union revived Turkey’s membership bid on Monday and opened accession talks with Serbia, showing how a migration crisis and Russia’s presence in the Balkans has prompted the EU to rethink plans to stop expanding. More than a ...
