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Car bombs in Baghdad south Iraq kill dozens
Sunni and Shiite civilian targets over the past week. The bloodshed has raised fears of a return to the widespread sectarian violence of 2006-2007 that brought the country to the edge of civil war. In the Iraqi capital, nine car bombs went off, striking at bus stops, market places and in the streets of Shiite areas during the busy morning hours, killing 24 people and wounding 112, according ...
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Video Balloon crash in Turkey kills 1 injures 24
Turkey on Monday, causing one of them to crash to the ground, officials said. One Brazilian tourist was killed while 24 other people on board were injured. The ascending balloon struck another balloon's wicker basket above it, causing a tear that sent it plunging to the ground, the state-run Anadolu Agency reported. The passengers on board the balloon that crashed were mostly tourists ...
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Eurozone crisis live Global markets hit five-year high
climbed to levels not seen since the start of the financial crisis over five and a half-years ago. Investors are increasingly cheered by signs that the global economy is recovering. The Japanese Cabinet office helped this latest outbreak of bullishness by predicting overnight that the Japanese economy is picking up slowly. In its new monthly report, it ...
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Scientific Research and the European Union | Jon Butterworth | Life Physics
CERN Council European Strategy Group (our draft strategy will hopefully be adopted in Brussels next week). So we both had things to say about each others topic.I know from experience that applying for, and spending, EU research funds used to be very bureaucratic and arguably not worth the effort. Most initiatives were not primarily targetted at research excellence, but at training, or at ...
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Aviva sets out plans for European business
Aviva is set to transform its European business by taking full advantage of the growth opportunities presented in the area, and will be integrating its businesses across Europe. In a review of its current presence in Europe, Aviva recognised that the European market offers strong growth potential, with the region’s personal financial assets standing at €40trn, and an ...
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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 ...
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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 ...
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UK Retail Vacancies Rise
The latest retail report from the British Retail Consortium (BRC) warns that the rise in empty shops in towns across the U.K. is a "major concern." The footfall and vacancies monitor, carried out by the BRC trade association and retail analysts Springboard, showed that shop vacancies in U.K. town centers had risen to 11.9 percent in April 2013, up from 10.9 percent in January 2013. The ...
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Scotland Risks Cyprus-Style Bank Crisis UK Report
An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its economy, a U.K. government report has said. "An independent Scotland would have an exceptionally large banking sector compared to the size of its economy - with banking assets of more than 1250 percent of Scottish [gross domestic ...
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Will Pinterest Ruin Your Wedding
There are certain things no one tells you when you start planning a wedding. No one mentions that much of the process - booking vendor appointments, e-mailing color swatches, creating complex Excel spreadsheets of guest lists, sending out piles of mail - is a lot like having a second job as a receptionist. No one tells you that the economics of buying a wedding dress are roughly the same as ...
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Senate committee moves toward vote on immigration
By ERICA WERNERAssociated Press WASHINGTON (AP) - The Senate Judiciary Committee is aiming this week to pass a landmark immigration bill to secure the border and offer citizenship to millions, setting up a high-stakes debate on the Senate floor. First, the committee must resolve a few remaining disputes. One involves amendments over high-skilled immigrant visas sought by the high-tech ...
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Kerry to Mideast to advance struggling Syria plan
View Photo Associated Press/Evan Vucci, Pool - FILE - In this April 21, 2013 file photo U.S. Secretary of State John Kerry speaks at a news conference in Istanbul, Turkey. Monday, May 20, 2013, Kerry heads back to ...
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S. Korea N. Korea fires 5th projectile into waters
North Korea has fired a short-range projectile into its own eastern waters -- for the fifth time in three days. Pyongyang regularly conducts short-range missile tests. Analysts say these recent launches appear to be weapons tests or an attempt to get U.S. and South Korean attention amid tentative signs of diplomacy after soaring tensions that followed U.N. sanctions aimed at a nuclear test ...
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Gunmen shoot into Calif. home 10-year-old killed
SAN FRANCISCO (AP) -- Authorities were searching for at least two gunmen who walked up to the door of a Northern California home and opened fire, killing a 10-year-old girl and injuring her parents. "Whoever these gunmen were, they were directly outside the front ...
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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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Suicide bomber kills 8 at Afghan province council
KABUL, Afghanistan -; Afghan officials say a suicide bomber has struck outside a provincial council building in the country's north. A lawmaker says the council chief and at least seven others were ...
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5 dead 20 missing in China factory explosion
The official Xinhua News Agency said rescue work was continuing at the site of Monday morning's explosion in Shandong province's Caofan township. It said 34 people were inside the factory at the time of the blast, and only 14 of them have been found so ...
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Euro shares hit new five-year high as global optimism rises
20 May 2013 EUROPEAN shares extended gains to set a new five-year high for a fourth straight session this morning, with investors flocking to buy riskier assets such as equities on fresh signs of a recovery in the global ...
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Euro zone week ahead
It looks like a week short of blockbusters, particularly today with much of Europe on holiday. But there will be plenty to chew over over the next few days on the state of the euro zone and whether newly-printed central bank money lapping round the world risks throwing things off kilter. Flash PMIs for the euro zone, Germany and France for May, plus the German Ifo index, follow first quarter GDP ...
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Market Buzz American consumerism drives Euro and Asian floors
Oil Positive US consumer data drove up European stocks, while Asian shares almost reached a five-year high and the yen made a marked comeback. Russian markets slightly eased Friday, after low crude prices took their toll on last week's equities. After dropping nearly 4 percent over the past week, the MICEX slightly recovered and gained 0.16 percent to 1404.04, a four-day high. The RTS ...
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Obamas approval rating survives scandal week
CNN's poll , conducted over May 17-18. According to their survey, Obama's approval rating is at 53 percent. While that's a two percent rise since early April, the difference is within the margin of error of the survey, so we'll say that the president's approval rating here remained steady. Forty-five percent of Americans, meanwhile, disapprove of the job the ...
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