Search Results for: Brussels
Google Removes Search Results in Wake of EU Privacy Case
June 26th, 2014
Google Inc. (GOOGL) has started removing some search results in the European Union after an EU court told it last month to respond to requests by people seeking the “right to be forgotten.” The world’s largest search provider has ...
UBS Belgium Chief Charged in Multibillion-Euro Tax Probe
June 20th, 2014
Marcel Bruehwiler, chief executive of UBS AG’s (UBSN) Belgium unit, was charged in Brussels as part of a probe into a multibillion-euro tax fraud, accelerating the latest tax-evasion inquiry facing the Swiss bank. Prosecutors said the investigation deals with ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
EU to Decide Next Week on Irish, Dutch Tax-Breaks Probe
June 6th, 2014
The European Union may open a formal probe as soon as next week into tax breaks that Ireland and the Netherlands use to attract international companies, according to people familiar with the case. The European Commission is scheduled to ...
Euro Inflation Slowing More Than Forecast Pressures ECB
June 3rd, 2014
Euro-area inflation slowed more than economists forecast in May, cranking up pressure on the European Central Bank to deploy measures as soon as this week to kindle prices and drive growth. The rate fell to 0.5 percent from 0.7 ...
Iran Eliminates US Dollar from Forex Reserves
June 3rd, 2014
The Central Bank of Iran (CBI) has practically rid the country’s foreign currency reserves of US dollar, replacing them with the United Arab Emirates’ dirham, an official said. Hossein Ya’qoubi, CBI governor for international affairs, told the Tasnim News ...
Telefonica-KPN Review Said to Focus on Small Operators
May 15th, 2014
The European Commission’s review of the proposed merger of Telefonica SA (TEF) and Royal KPN NV (KPN)’s German wireless units focuses on bolstering smaller competitors that lease capacity rather than attracting a new network operator, according to people familiar ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
ECB keeps rates at record-low 0.25%
May 8th, 2014
The European Central Bank (ECB), has issued a press release on its monetary policy following today’s meeting, which was held in Brussels. The Governing Council of the ECB decided that the interest rate on the main refinancing operations and ...
E.U’s economy is growing due to Germany and Italy manufacturing
May 2nd, 2014
Euro-area manufacturing grew at the fastest pace in three months in April on accelerating expansion in Germany and Italy, evidence the currency bloc’s recovery remains on track. A Purchasing Managers’ Index increased to 53.4 from 53 in March, Markit ...
