Search Results for: europe
France, Italy, Belgium may break budget rules, EU to revisit in March
November 27th, 2014
The European Commission will tell France, Italy and Belgium on Friday their 2015 budgets risk breaking EU rules, but it will defer decisions on any action until early March. At that point, France could face a multi-billion euro fine ...
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 ...
FOREX – Euro dips as Spanish consumer prices fall more than expected
November 27th, 2014
The euro fell against the dollar on Thursday after data showed Spanish consumer prices falling more than expected, firming up expectations that the European Central Bank will have to resort to more aggressive easing of monetary policy. The euro ...
IIRC Begins Tech Initiative to Spur Integrated Reporting
November 27th, 2014
Two of the Big Four accounting firms are teaming up with technology companies to see how technology can be used to encourage more companies to do integrated reporting. The International Integrated Reporting Council (IIRC) said Wednesday it is launching ...
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 ...
Asia shares edge higher, oil tumbles to four-year low
November 27th, 2014
Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by ...
Toyota recalls more cars for dangerous Takata air bags
November 27th, 2014
Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, in a sign that a safety crisis around the Japanese auto parts maker is far from contained. Toyota’s action ...
Gold Extends Slide to Lowest in Week as Silver, Platinum Decline
November 27th, 2014
Gold fell to the lowest level in a week as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Silver, platinum and palladium decreased. Bullion for immediate delivery lost ...
Norway’s Krone Declines on OPEC as Dollar Falls on Growth Doubt
November 27th, 2014
The Norwegian krone dropped the most in a month against the dollar and was within 0.6 percent of a five-year low as oil ministers meet in Vienna to discuss output levels. The currency of Europe’s largest crude producer weakened ...
Saudi, UAE signal no push for OPEC oil cut
November 26th, 2014
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group’s meeting this week to prop up prices that have collapsed by a ...
