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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Karzai sets new conditions for talks with Taliban
View Photo Associated Press/Rahmat Gul - Afghan President Hamid Karzai speaks at a press conference during a ceremony at a military academy on the outskirts of Kabul, Afghanistan, Tuesday, June 18, 2013. Afghan ...
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5 Somalis 7 militants die in attack on UN office
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 ...
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German banks signal support for euro deposit guarantee scheme
FRANKFURT (Reuters) - German banking association BDB signalled it may drop its opposition to a pan-European deposit guarantee scheme, a radical step under which German lenders would absorb some of the losses of failed banks in other European states.Until now, Germany's banks have been opposed to any plans for funding bank rescues from outside of Europe's largest economy, slowing ...
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Britains FTSE down in choppy trade ahead of Fed
Wed Jun 19, 2013 7:23am EDT * FTSE 100 down 4.28 points at 6,396.96 * Defensive stocks in favour * Volatility near 6 month highs ahead of Fed * Aggreko falls as UBS cuts after update By David Brett LONDON, June 19 (Reuters) - Britain's top shares edged lower by midday on Wednesday and investors were reluctant to make bets before U.S. Federal Reserve Chairman Ben Bernanke provides clarity on ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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3-mth euro Libor fixes at 0.13286 pct dlr at 0.27175 pct
LONDON, June 19 | Wed Jun 19, 2013 6:51am EDT LONDON, June 19 (Reuters) - The British Bankers' Association released the following London Interbank Offered Rates (Libor) for dollars, euro and sterling at its daily fixing. The spread of three-month Libor rates over three-month OIS rates, calculated from Reuters' data, expresses the three-month premium paid over anticipated ...
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Heat beat Spurs 103-100 in overtime to force Game 7
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Cher credits luck for her lengthy career
View Photo Associated Press/NBC, Trae Patton - In this image provided by NBC Blake Shelton, Danielle Bradbery and Cher, right, pose after Bradbery won season-four of "The Voice" Tuesday June 18, 2013. Bradbery never ...
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London Markets Oil firms banks bruise FTSE 100
LONDON (MarketWatch) -- Banks dropped in London on Wednesday after a commission called for sanctions for bad bankers, while oil firms on the decline put further pressure on the U.K. ...
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EU to investigate SASs 400 mln euro credit facility
BRUSSELS, June 19 | Wed Jun 19, 2013 5:45am EDT BRUSSELS, June 19 (Reuters) - EU regulators are investigating whether a 400-million-euro ($535.70 million) credit facility granted to Scandinavian airline SAS by Sweden and Denmark, together with other creditors, last year was carried out in line with market conditions and EU state aid rules. The revolving credit facility (RCF) was ...
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AP PHOTOS Heats overtime escape to defend title
LOS ANGELES (AP) -- Video shows Justin Bieber running into a photographer with his white Ferrari in Hollywood, but police say there was no crime and the injuries aren't ...
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Bank of England ranks cyber attacks above Eurozone crisis as biggest threat
Cyber attacks have risen to the top of the list of threats for UK banks according to Bank of England's director of financial stability, Andrew Haldane, but understanding and management of the risk is still at an "early stage". Speaking at a Treasury select committee last week, Haldane said that during recent meetings with the five top banks in the UK, four of the banks had ...
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Darrell Delamaides Political Capital Euro crisis needs a continental solution
Berlusconi also opposes the prospective VAT increase and said this week that Italy should flout the euro requirement to keep government deficits at less than 3% of gross domestic product. He could topple the coalition at any moment if he comes to believe that new national elections would strengthen his ...
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