Search Results for: European Union
EU’s Juncker survives no-confidence vote over tax deals
November 28th, 2014
The European Commission’s new president, Jean-Claude Juncker, comfortably survived a no-confidence vote on Thursday brought over news that Luxembourg had lured multinational businesses with super low tax rates during his period as prime minister. The censure motion in the ...
Investor puts Italy’s losses from Russia-EU sanctions at over €20 billion
November 27th, 2014
The mutual sanctions between Russia and the European Union this year will cost Italy around €20-22 billion, which is higher than official estimates, an Italian investor said on Thursday. “We speak of around €20-22 billion in net loss this ...
BDO concerned over patchy roll-out of EU accounting rules
November 27th, 2014
New European Union rules to improve auditing of banks and other companies are being blunted by varied implementation from nation to nation, a top accounting official said. The reform forces companies to switch auditor every few years so that accountants are ...
Europe feels sting in the tail of Russia sanctions
November 26th, 2014
At a technology fair in Moscow last month, European executives faced the new reality of doing business in Russia since the West imposed sanctions: the number of companies at the international showcase had shrunk by half from a year ago. “The ...
EU’s Juncker Launches Infrastructure Investment Plan
November 26th, 2014
New European Commission President Jean-Claude Juncker launched a plan aimed at enticing pension funds, insurance companies and other major investors to finance cross-border European infrastructure projects. The plan to boost lackluster investment in the bloc is one of the ...
How the EU Plans to Turn $26 Billion Into $390 Billion
November 24th, 2014
The European Union is planning a 21 billion-euro ($26 billion) fund to share the risks of new projects with private investors, two EU officials said. The new entity is designed to have an impact of about 15 times its ...
EU blackmails Serbia to impose sanctions on Russia
November 21st, 2014
Serbia must impose sanctions against Russia if it wants to join the European Union, the European Commissioner for Regional Policy Johannes Hahn said. “Serbia legally obliged, within the scope of negotiations about accession to the EU, to gradually align ...
Ruble Recovers Slightly as Exporters Sell U.S. Dollars for Tax Payments
November 18th, 2014
The ruble strengthened on Tuesday as Russian exporters converted part of their foreign-currency earnings to meet tax payments, but weak oil prices capped gains. At 0830 GMT, the ruble was around 0.8 percent stronger against the dollar at 46.72 ...
Global markets ‘living on borrowed time’: Wilbur Ross
November 17th, 2014
Global financial markets are living on borrowed time with geopolitical crises and deflationary risks still a concern, private-equity billionaire Wilbur Ross told CNBC. “I think are living on borrowed time because investors have no alternatives,” the chairman and ...
BoE’s Carney says may need to regulate bankers’ fixed pay
November 17th, 2014
Regulators may need to look at new rules to control the fixed pay of bankers as well as their bonuses so that it can be clawed back in the event of wrongdoing, the governor of the Bank of England ...
