Search Results for: European Union
Ukraine crisis: Kiev faces halt to gas supply
June 16th, 2014
Gazprom has reaffirmed its Monday deadline for Ukraine to pay its debts after talks between Moscow and Kiev ended without agreement. The Russian gas giant said it will cut Ukraine’s supply if Kiev fails to pay $1.95bn (£1.15bn) by ...
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 ...
BNP Paribas: EU’s Barnier wants ‘fair’ US action over fine
June 13th, 2014
One of the European Union’s top officials has intervened in the controversy over a potential huge US fine on BNP Paribas. Michel Barnier, the EU’s internal markets commissioner, said any penalty on the giant French bank must be “fair ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
Money Moves, India Tax Evaders, Credit Suisse: Compliance
June 10th, 2014
The U.S. Treasury Department said it sets limits while giving the nation’s intelligence agencies access to reports that banks file on suspicious or large money moves by customers, including information about Americans. The Treasury, saying it was responding to ...
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 ...
Russia-China Gas Pact Stirs Dream of Bridge Across Amur
June 6th, 2014
In winter, Russian shoppers drive cars across the frozen Amur River to buy knock-off Nike sneakers from Wu Haiou’s stall in the Chinese city of Heihe. In warmer months, they come by hovercraft and ferry. Russia’s $400 billion deal ...
China Seeks to Cap Fossil Fuel Emissions for First Time
June 6th, 2014
China is working on how to cap its greenhouse gas emissions for the first time, an effort that would spur the worldwide effort to hold back climate change. The world’s biggest producer of fossil fuel emissions has been studying ...
Irish Tax Reform needs further improvements
June 5th, 2014
The European Commission has described Ireland’s system of labor taxation as fragmented and complex, has criticized its range of value-added tax (VAT) rates, and called for improvements to environmental taxes. The comments are made in the Commission’s latest package ...
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 ...
