Latest Europe Business News
RSS-
Pension funds add €25bn to portfolios
Positive revaluation of investments and favourable price movements of financial assets have added €25bn in value to Dutch pension funds’ investment portfolios in the second quarter of 2009, according to De Nederlandsche Bank (DNB). The investment portfolios now stand at €560bn in value. Shares recorded the highest price gains, at €16bn, and revaluations of bonds ...
-
EC alternatives directive could land funds with €25million bill
The European Commission’s draft directive on Alternative Investment Fund Managers could cost the pension fund industry up to €25bn a year if it is put into place in its current form, warns the Alternative Investment Management Association (AIMA). Europe’s pension funds would be landed with the bill if the alternative assets they have increasingly invested in over the last ...
-
16 dead Militants infiltrate UNs Somalia office
Somali men and a policeman carry a government soldier wounded during an attack on the U.N. compound in Mogadishu, Somalia Wednesday, June 19, 2013. Al-Qaida-linked militants detonated multiple bomb blasts and engaged in ongoing battles with security forces in an attempt to breach the main U.N. compound in Mogadishu, officials said Wednesday. (AP Photo/Farah Abdi ...
More Europe Business News
RSS-
Iceland informal talks about Snowden asylum
A banner supporting Edward Snowden, a former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, is displayed at Central, Hong Kong's business district, Wednesday, June 19, 2013. U.S. President Barack Obama defended top secret National Security Agency spying programs as legal in a lengthy interview, and called them transparent - even though they are ...
-
Alcatel Lucent aims Euro 7 billion revenues by 2015
NEW DELHI: French telecom firm Alcatel Lucent today announced a transition plan under which it aims to generate revenues of over 7 billion euros by 2015 from its core networking business. "Under The Shift Plan, Alcatel-Lucent is planning to grow its revenues in core networking by more than 15 per ...
-
The FBI has shot 150 Americans -- all justified -- since 1993
shot and killed Ibragim Todashev in May, while agents were questioning him about his connection to alleged Boston Marathon bomber Tamerlan Tsarnaev, the bureau pledged to investigate ...
-
TWA Flight 800 crash story untrue investigators claim
The reconstruction of TWA Flight 800's fuselage (Daniel Brooks/Epix) The producers of an upcoming documentary on TWA Flight 800--which exploded and crashed into the waters off of Long Island on July 17, 1996, killing all 230 people on board--claim to have proof that an explosion outside the Paris-bound flight caused the crash. And six former investigators who took part in the ...
-
2 SAfrican deminers killed in Mogadishu attack
View Photo Associated Press/Farah Abdi Warsameh - Somali government soldiers gather in front of the main U.N. compound, following an attack on it in Mogadishu, Somalia Wednesday, June 19, 2013. Al-Qaida-linked ...
-
Obama renews call for nuclear reductions
View Photo Associated Press/Evan Vucci - President Barack Obama listens to French President Francois Hollande during the G-8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland, Tuesday, June 18, ...
-
Euro zone doomed to slow growth without painful reforms
Kerala is not a success of socialism. It is a success of globalisation, private provision of education and health, and rapid economic growth - along with the associated high inequality. And high ...
-
New Issue-Dong Energy prices 700 mln euro 3013 bond
June 19 | Wed Jun 19, 2013 10:42am EDT June 19 (Reuters) -Following are terms and conditions of a bond priced on Wednesday. Borrower Dong Energy A/S Issue Amount 700 million ...
-
Number of female executives at FTSE 100 companies is falling despite efforts to boost women in industry
The numbers of female executives in business and industry are falling despite efforts to boost the representation of women in senior positions in large companies, ministers were warned ...
-
Afghan leader backs away from Taliban talks
View Photo Associated Press/Nisar Ahmad - Afghan police carry an injured Taliban fighter, who was captured after an overnight clash with Afghan police in Jalalabad, in the eastern province of Nangrahar, east of ...
-
Construction outlays rise in Europe
Construction spending rose modestly in the eurozone from March to April, the European Union's statistical office Eurostat said Wednesday. Spending rose 2 percent in the 17-member currency region and 0.9 percent in the 27-member European Union, Eurostat said. With the economy in a prolonged recession in Europe, construction spending had been on a five-month decline. In March, in a revised ...
-
iShares fixed income fund hits €2bn
iShares has announced that investor demand for its iShares € Corporate Bond fund has surpassed €2bn in assets under management (AUM). The fund, a fixed income fund which provides exposure to Euro denominated investment grade corporate bonds, aims to track the Markit iBoxx Euro Liquid Corporates index, which has exposure to industries and a market capitalisation of over ...
-
Dutch pension funds receive €4.9bn in dividends over 11 months
Between April 2007 and March 2008, Dutch pension funds are reported as having received €4.9bn in dividends on quoted shares, according to De Nederlandsche Bank. Pension fund holdings of these quoted shares averaged at €195bn in that period, which excluded quoted shares held through mutual funds. The Bank said that dividend income is used for two things, either as a major ...
-
Borsa Italiana and London Stock Exchange leader in Europe for ETF trades
Aggregated figures show that July 2008 set a record in trading of Exchange Traded Funds (ETFs) on Borsa Italiana and London Stock Exchange markets, with 140,452 trades amounting to a highest ever total of €8.8bn (£7.0bn). The average daily value traded was €383.2 million, an increase of 141 per cent year on year, and the total amount traded was an increase of 152 per ...
-
AEGON releases €315million in securitisation transaction
AEGON has completed a €315million securitisation transaction to improve capital efficiency and optimise their capital structure as part of the group’s new strategy. The transaction adds the equivalent of around £250million of core capital, enhancing the financial flexibility of the group and improving the return on capital deployed in the UK. The move forms part of ...
-
Leading Dutch funds allocate €500m to clean technology
ABP and PGGM have re-inforced their commitment to sustainable investment with a joint mandate to invest in innovative, clean technology. The two largest pension funds in the Netherlands have appointed AlpInvest* to invest €500 million in innovative, clean technology in one of the largest mandates ever to be placed on the international private equity market. This is the first time ...
-
AP PHOTOS 3 little liligers cavort at Russian zoo
In this Tuesday, June 18, 2013 photo, Zita, a liger - half-lioness, half-tiger - carries her one month-old liliger cub in the Novosibirsk Zoo. The cub's father is a lion, Sam. (AP Photo /Ilnar ...
-
European Union Reducing the democratic deficit
Big decisions affecting how EU member states function are taken by top ministers and heads of government, and handed down by the unelected "troika" of the European Commission, European Central Bank and International Monetary Fund. But national parliaments have a host of readily-available measures at their disposal to make powerful European institutions more accountable to elected ...
-
European Union imposes 94 million euros fine on Denmarks Lundbeck
International News: With a penalty of 94 million euros imposed on Denmark's Lundbeck, European Union antitrust regulators fined nine drug makers, including Ranbaxy Laboratories of India, a total of 146 million euros on Wednesday for blocking the supply of cheaper medicines on the ...
-
Ryanair Orders 175 Boeings
While Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show - Boeing's largest ever firm order from a European airline - he remained disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle aircraft to allow for cheaper fares. As Boeing CEO Ray Conner stressed the fuel efficiency of the Boeing 737 ...
-
Mervyn King Made Series of Misjudgements Posen
Adam Posen, president of the Peterson Institute for International Economics, talks about Mervyn King's crisis management, where they disagreed and what's awaiting Mark ...
-
Obama Lives have been saved by NSA programs
Barack Obama on Wednesday defended U.S. Internet and phone surveillance programs as narrowly targeted efforts that have saved lives and thwarted at least 50 terror threats. "This is not a situation in which we are rifling through ordinary emails" of huge numbers of citizens in ...
News from around our Network
