Search Results for: France
General Electric could cut hundreds of UK jobs
January 13th, 2016
Takeover of Alstom’s power and grid business set to lead to job losses across Europe Approximately 6,500 jobs are at risk across Europe, including more than 600 in the UK, as the US industrial company General Electric begins to ...
Cyprus:‘Lagarde List’ accounts face €35mln in taxes
January 13th, 2016
Some €35mln in taxes have been imposed on undeclared deposits in 85 Swiss bank accounts included in the so-called Lagarde List, Finance Minister Harris Georgiades said on Tuesday. Speaking before the House Watchdog and Ethics Committees, the minister said ...
The China Syndrome: The Coming Global Financial Meltdown
January 12th, 2016
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film The China Syndrome took its name from the darkly humorous ...
European markets: FTSE and European stocks shrug off worries over China slowdown
January 11th, 2016
European equity markets kicked off the week on an upbeat note, as investors shrugged off yet another dismal session in Asia, which saw stocks plunge to their lowest level in more than four years. Early on in the European ...
Euro area unemployment rate at 10.5%
January 7th, 2016
EU28 at 9.1% The euro area (EA19) seasonally-adjusted unemployment rate was 10.5% in November 2015, down from 10.6% in October 2015, and from 11.5% in November 2014. This is the lowest rate recorded in the euro area since October 2011. The ...
Cyprus is ‘next property investment hotspot’, says agency
January 7th, 2016
Cyprus is set to join London, New York and Paris as a top international property hotspot, says a leading agency. Chestertons International says there has been growing interest from investors for luxurious Cyprus properties, with sales rising 23% in October ...
SEC: J.P. Morgan Misled Customers on Broker Compensation
January 7th, 2016
The Securities and Exchange Commission announced that J.P. Morgan’s brokerage business agreed to pay $4 million to settle charges that it falsely stated on its private banking website and in marketing materials that advisors are compensated “based on our clients’ ...
Euro area annual inflation stable at 0.2%
January 5th, 2016
Euro area annual inflation is expected to be 0.2% in December 2015, stable compared to November 2015, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area ...
RBS closes Luxembourg deal with BlackFin
January 5th, 2016
RBS (Luxembourg), formerly part of the UK’s Royal Bank of Scotland group, has been renamed FundRock Management Company as the sale of it to private equity firm, BlackFin Capital Partners, closes. Royal Bank of Scotland’s trustee and depositary business established RBS ...
Single Resolution Mechanism to come into effect for the Banking Union
January 4th, 2016
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will ...
