Search Results for: German
European Investment Bank puts loans to Volkswagen on hold
January 14th, 2016
The European Investment Bank (EIB) has stopped loans to Volkswagen (VOWG_p.DE) pending an investigation into whether some of its previous funding could been used by the German carmaker to cheat diesel emissions tests. Volkswagen (VW) has been embroiled in ...
Societe Generale predicts collapse of the eurozone
January 14th, 2016
Societe Generale seconds RBS doomsday prophecy and predicts collapse of the eurozone Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he ...
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 ...
Volkswagen recall plans rejected by US regulators
January 13th, 2016
US regulators have rejected Volkswagen’s recall plan for diesel cars fitted with emissions “cheat” devices. The California Air Resources Board said the proposals did “not adequately address overall impacts on vehicle performance, emissions and safety”. The board also said ...
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 ...
Euribor trial: 11 former Barclays, Deutsche Bank and Societe Generale employees set for first court appearance over rate fixing allegations
January 11th, 2016
Nearly a dozen people accused of manipulating a key rate of lending between European banks are due to make their first appearances in court this week in the latest of several rate rigging prosecutions brought by the Serious Fraud Office. 11 former employees of Barclays, Deutsche Bank and Societe ...
Banks Still Closing Accounts Over Bitcoin Activity
January 11th, 2016
Finding a bank that makes it easy to buy and sell bitcoin continues to be a challenge. The problem doesn’t come as a surprise to CCN readers, given that some major banks have questioned the need for bitcoin. (Some ...
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 ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
Four London-based traders are being investigated by DoJ for possible manipulation
January 7th, 2016
DoJ investigates bond traders over market-rigging “What is Bond: A name for debt which is issued for a specified period of time. Depending the terms of the Bond, the issuer owes the holder/s a debt, and is obliged to pay ...
