World news about “Finance” published by euronews.
UK’s Co-op Bank agrees rescue plan Britain’s Co-operative Bank has found a way to plug a hole in its balance sheet that is the equivalent of 1.75 billion euros. Bond holders in the bank will… 17/06/2013
Troika inspectors press Greece for more austerity Inspectors from the so-called “troika” – the European Union, International Monetary Fund and the European Central Bank are in Greece again. They met with… 10/06/2013
IMF cuts French growth forecast, pushes for more reforms The International Monetary Fund has lowered its growth projections for France, saying the economy is likely to contract by 0.2 percent this year. Its previous… 04/06/2013
Japanese shares plunge, Nikkei closes down 7.3% Japanese shares plunged in Thursday’s trade – with the Nikkei closing down 7.3 percent and the Topix ending down 6.9 percent, its biggest fall since March… 23/05/2013
Vatican financial body finds possible money laundering The scandal plagued Vatican Bank has published the first annual report from its newly formed financial watchdog agency revealing that it had detected six… 22/05/2013
Turkey gains investment grading from Moody’s Turkey’s economy has been given a boost with an upgrade by the Moody’s ratings agency. Shares rose in Istanbul on Friday and the country’s cost of… 17/05/2013
G7 summit looks to bolster recovery The G7 summit has opened with the focus firmly on the finance ministers and central bank governors as the world economy looks to the rich nation’s club for a… 10/05/2013
Paris and Berlin celebrate 25 years of economic marriage Celebrating 25 years of working closely together on their economies, Germany and France’s Economic and Financial Council met on Tuesday at a moment when many… 07/05/2013
Going for a song: Sweden cuts the Eurovision budgetKitsch doesn’t always come cheap. And as they don’t come much more kitsch than the Eurovision Song Contest, putting on the event can be quite an expensive… 03/05/2013
Spaniards ruined in bank share scheme feel betrayed Spain’s banking crisis is counting the victims – those who bought shares in the country’s three nationalised banks and who stand to lose most of their money… 24/04/2013
Political hope helps Italian bond yields Italy’s borrowing costs have fallen sharply with investors reacting positively to the moves to end its post-election political deadlock. Even before Enrico… 24/04/2013
IMF still keen on eurozone rate cut in face of weak growth One day after the International Monetary Fund cut its forecast for global growth this year to just 3.3 percent, IMF head Christine Lagarde has been trying to… 18/04/2013
EU Parliament agrees bank bonus caps The European Parliament has voted in favour of capping bankers’ bonuses. It is part of a wide-ranging new financial reform law under which EU banks will be… 16/04/2013
Cyprus: New Finance Minister Harris Georgiades has been appointed as the new finance minister of Cyprus. He has replaced Michael Sarris who resigned on April 2 as a formal investigation… 03/04/2013
Cyprus President under fire as blame game kicks off An investigation is being launched into Cyprus’ banking crisis and President Nicos Anastasiades said it should start at the top: with him. The President’s… 02/04/2013
Cyprus credit controls keeps cash in the country Cyprus is reportedly to limit the amount of cash individuals can take out of the country to 3,000 euros as details of the country’s capital controls… 27/03/2013
Bankers bite back on the trust issue Bankers – they have become hate figures after the financial crisis, which spawned the economic crisis, and now the raiding of customers accounts in Cyprus to… 20/03/2013
George Osborne dummy protest demands action on tax and hunger Campaigners for change to the world’s food system to reduce hunger and poverty have demonstrated outside the British parliament – all dressed as the country’s… 19/03/2013
Cut jobs, get cash – formula for Greece to stay afloat Greece’s international lenders say the country has made “significant progress” with its economic reforms, but no deal has been reached on the latest 2.8… 14/03/2013
Bundesbank’s frosty outlook The head of Germany’s central bank is warning the eurozone crisis is not over and governments must tackle the roots of their troubles with reforms – pointing… 12/03/2013
New man takes on Belgium’s financial problemsBelgium has a new finance minister. University professor Koen Geens will take over the task of bringing in more austerity. He has replaced Steven Vanackere… 05/03/2013
Osborne left isolated over EU bonus caps British Finance Minister George Osborne has told his EU counterparts that he cannot support current plans to cap bankers’ bonuses. He won limited support to… 05/03/2013
ECB’s Draghi sees Spain on the right track European Central Bank chief Mario Draghi thinks Spain is on the right track towards economic recovery. In Madrid to address members of parliament during a… 12/02/2013
Fed focuses on bond buying risks As US Federal Reserve policymakers hold their latest meeting, they are paying close attention to risks linked to the Fed’s bond buying. Their stimulus… 29/01/2013
Eurozone bank supervision: how it works The deal reached in Brussels by European Union finance ministers on Thursday to create a single supervisor for the eurozone’s banks is the latest move… 13/12/2012
Greece extends buyback deadline in the hope of more bids Greece has extended a buyback invitation that is part of its international bailout agreed with the EU and IMF last month. The deadline has been pushed… 10/12/2012
SMEs: what kind of EU support? Question from Kate , UK: “I run a small clothing company and would like to expand my business. Does the EU provide financial support to companies like… 07/12/2012
Eurogroup ministers consider Greek debt buyback Eurozone finance ministers met in Brussels with many offering their reactions to news that Greece would buy back some of its bonds to cut its debt load… 03/12/2012
Italy’s borrowing costs fall below one per cent Italy’s borrowing costs for six-month debt fell to the lowest average level since April 2010. Exactly one year ago Italy was borrowing at a massive 6.5 per… 28/11/2012
Financial figures tax Osborne ahead of Britain’s budget Britain borrowed more than expected in October up around three and a half billion euros compared to this time last year. The figures from the Office for… 21/11/2012
EU Brussels finance meeting leaves unanswered questions on Greece On the agenda for Ecofin’s roundtable meeting in Brussels – EU banking union and the next chapter in the story of the Greek debt crisis. But Greece’s… 13/11/2012
Personal Finance Question: Astrid from Stockholm: “I am a Swedish citizen and will soon move to another EU country for work reasons. I have heard that some banks in the EU may… 12/10/2012
EU to push ahead with Tobin Tax plans Finance ministers meeting in Luxembourg have backed controversial plans for a European financial transaction tax, despite strong UK opposition. In all, 11… 09/10/2012
EU report: Deposits should be separated from risky banking Again, it is being recommended that high-risk investments and trading be separated from retail banking. This time, the proposal comes from a new EU report… 02/10/2012
Business parties in Swedish countryside Sweden is one of the top three most innovative countries in the world, along with Switzerland and Singapore. Marika Bonde made her dream come true. Three… 24/07/2012
Bank bailout but at a price for Spain Eurozone finance ministers approved Spain’s bank bailout on Friday but it comes at a price. The countries that are lending the money have forced Madrid to… 20/07/2012
Learning World: Microcredit for Education Everyone knows that education can be a path out of poverty. But paying for education is not always easy and many people do not have access to traditional… 17/07/2012
Meeting targets How do you get finance when you’re a small or medium sized enterprise specialising in research? First you have to identify your needs, make the most of your… 11/07/2012
Eurozone banking union on the cards France believes the bailout package to aid Spanish banks is the first step towards a eurozone banking union. Socialist President Francois Hollande backs the… 12/06/2012
Portugal’s borrowing costs ease Portugal was able to borrow 1.5 billion euros in its latest auction of short term treasury bills at a lower rate of interest than it had to pay one month ago… 06/06/2012
Portugal makes steady progress says EU/IMF The EU and IMF have given Portugal flying colours after their fourth quarterly review of the country’s 78 billion-euro bailout. The finance ministry said… 04/06/2012
EU finance ministers seek deal on bank buffers European finance ministers have met in Brussels to try to strike a deal on so-called bank capital cushions. EU states continue to remain deeply divided on… 02/05/2012
A single monetary policy for the euro? In this edition of U-talk, Elodie from France asks: “Does the strong currency policy conducted by the European Central Bank harm EU countries which have a… 27/04/2012
Hungary concession paves way for bailout talks The EU and Hungary appear to have put a five-month dispute to bed after Budapest agreed to change a law criticised for undermining the independence of the… 25/04/2012
Political crisis impacts Dutch bond sale The Netherlands’ long-term borrowing costs crept up as it sold bonds one day after the collapse of the Dutch government when it could not agree budget cuts… 24/04/2012
Spanish fever recurs, pushing up borrowing costs Investors have become wary of Spain’s financial health again, forcing the government to pay ever more to borrow money. Ten year bonds went above 6 per cent… 16/04/2012
Eurozone’s debt troubles continue Amid increasing worries about the eurozone’s debt problems, countries are finding it difficult to borrow money by selling government bonds – for different… 11/04/2012
Dubai does debt deal Dubai Holding, the investment group owned by the emirate’s ruler, has reached an agreement with creditors to delay repayment of 1.9 billion euros worth of… 05/04/2012
Is eurozone bailout boost big enough? Have eurozone finance ministers done enough to strengthen Europe’s emergency firewall? Efforts in Copenhagen saw leaders unveil a fund of 800 billion euros… 02/04/2012
EU grants for eco-innovation Eco-innovation provides 3.5 million jobs across Europe, most of them in SMEs (small and medium sized businesses) which can apply for EU financing. This can… 02/04/2012
Funding Education Governments are constantly searching for cost-effective education policies, while the private sector and industry offer their own funding solutions. This week… 22/03/2012
Micro-credit brings organic growth in Ireland Business Planet has been to Dublin. The third country after Greece and Portugal to need an international financial bailout, it is forecast Ireland will come… 20/03/2012
Two’s Company in Belgium Belgium, Europe’s sixth largest economy, has officially gone into recession, but Belgian small and medium sized companies (SMEs) and entrepreneurs are… 24/02/2012
Greece: reform struggles or death throes? As angry public service workers protested again outside the Finance Ministry in Athens inside they were still struggling on Friday to come up with a formula… 03/02/2012
Tobin tax on financial transactions – optimists vs others Not all save the world acts are created equal; take the Robin Hood Tax campaign: it has staggering credentials and people supporting it – including well-known… 26/01/2012
Greece in last chance debt talks In a race against the clock, talks resumed on Thursday between Greece and its debtors. They are haggling over how much of a loss those investors are… 26/01/2012
Eurozone ministers fail to agree Greek debt deal Fears that Greece could default on its massive debts are mounting after eurozone finance ministers in Brussels rejected an offer from the country’s private… 24/01/2012
Global financial court promises firm rulings The world’s first international tribunal for complex financial litigation has opened in the Netherlands, headquartered at the Peace Palace in The… 17/01/2012
Spain clears short-term debt test Spain has passed the first test of investor demand for its government bonds since the latest downgrade of Madrid’s credit rating by S&P. It sold almost 4.88… 17/01/2012
Shaky start for UniCredit rights issue Shares in UniCredit slumped again on Monday— so much that they were briefly suspended from trading on the Milan Stock Exchange — as Italy’s biggest bank moved… 09/01/2012
Spain to target tax fraud and trim government Spain’s new conservative government is looking at streamlining the public sector in further cost saving efforts as it struggles to tackle the much larger than… 05/01/2012
Euro’s problems boost sterling The euro fell to a fresh nine-month low against the British pound on Tuesday. The single European currency is being sold off by investors disappointed by… 13/12/2011
Fed likely to skip fresh stimulus Analysts say the Federal Reserve is likely to hold off from fresh stimulus measures for the US economy at its meeting today. The feeling is that Ben… 13/12/2011
Europe open to bigger IMF role as central banks act As the world’s major central banks acted jointly to ease the storm hitting the global economy and banking sector, Europe’s finance ministers also gathered in… 30/11/2011
S&P downgrades France by ‘mistake’ France has ordered an investigation into what it called a “shocking” error by Standard and Poor’s. The credit ratings agency said it accidentally released a… 11/11/2011
Have a break, leave the maskAdam Murray, a member of the protest camp outside St Paul’s Cathedral, sits in a coffee shop close to the camp, in central London (November 9, 2011)… 10/11/2011
Anti-G20 wet protest – nocomment Protesters in swimsuits make a splash at an anti-G20 demo in Nice on Tuesday. 03/11/2011
Interest rates cut down under Australia’s central bank has cut the cost of borrowing there for the first time since the global financial crisis more than two years ago. As expected the… 01/11/2011
Chinese motives for euro-zone help For insight into China’s moves to support the euro zone, euronews spoke to its expert in Beijing, Robert Lawrence Kuhn. Seamus Kearney, euronews: Is China… 28/10/2011
Firm help for small companies Rafael from Poland: I just want to ask how the European Union is going to help small companies to grow in the united market and survive the… 27/10/2011
Putin tries to boost China-Russia relations Attempting to boost relations between Moscow and Beijing, the Russian prime minister has met the Chinese President as part of a two-day visit. Both… 12/10/2011
What is the EFSF? The European Financial Stability Facility is on its way to getting approval for expansion. It is the euro zone’s rescue fund set up to combat the region’s… 29/09/2011
Gold prices continue to tumble The precious metal suffered its biggest three-day loss in nearly three decades on Monday. In the last three trading sessions alone, gold has fallen by… 26/09/2011
Sluggish demand for Spanish bonds Spain’s latest attempt to sell government bonds met a lukewarm reception from investors. As a result, at its first bond auction in a month, Madrid had to… 01/09/2011
Political wrangling paralyses US debt talks The United States has just one more week to resolve the federal debt crisis – and avoid a devastating default. Unless a speedy compromise is reached in… 26/07/2011
Soros to invest just for himself One of the world’s best known investors, billionaire George Soros, is getting out of the hedge fund business after 40 years, saying it is now too heavily… 26/07/2011
Fed prepares for US default With the August 2 deadline approaching, the US central bank the Federal Reserve is actively preparing for the possibility that Congress and President Obama… 21/07/2011
Gold hits record on US and euro zone debt fears Gold prices hit new record highs on Thursday after the Federal Reserve hinted at further policy easing – that is printing more dollars. Investors also… 14/07/2011
Italy sell T-bills but yields soar Italy’s short-term cost of borrowing jumped in its latest auction of government bonds as lenders worried about the euro zone debt crisis spreading. The… 12/07/2011
Japan OKs more disaster relief money Japan’s cabinet has approved an additional 17.4 billion euros for disaster relief following the March earthquake, tsunami and nuclear disaster. Tokyo said… 06/07/2011
UK’s Cameron rejects EU bank budget plan The European Union’s latest plans to boost its future budget have raised the hackles of the moneymen in the City of London. The Commission wants to collect… 30/06/2011
Russia’s two main exchanges to merge Russia’s two main stock exchanges, MISEX, the Moscow Interbank Currency Exchange and RTS, the Russian Trading System, have moved forward with their long… 29/06/2011
Soaring food prices – who’s to blame? At the recent G20 Agriculture summit in Paris, protesters outside the venue chanted “Markets – leave our food alone” as high prices put millions at risk of… 27/06/2011
Lagarde poised to become next IMF chief French Finance Minister Christine Lagarde seems set to become head of the International Monetary Fund this week, despite a strong challenge to Europe’s… 27/06/2011
Lagarde builds support for IMF job French Finance Minister Christine Lagarde continues to pick up support in her bid to run the International Monetary Fund. Indonesia is the first big… 13/06/2011
Maple boosts hostile bid for TMX Maple Group has boosted its hostile takeover bid for the Toronto Stock Exchange operator TMX Group. The all-Canadian consortium – which has just been… 13/06/2011
Germany urges Greek debt restructuring German Finance Minister Wolfgang Schäuble has warned of a real risk of bankruptcy by Greece and he has urged the EU to make private investors who hold Greek… 08/06/2011
Juncker says EU should agree more aid for Greece Greek Prime Minister George Papandreou on a visit to Luxembourg got the good news from Jean-Claude Juncker, head of the Eurogroup of finance ministers, that… 03/06/2011
Germany – Europe’s unloved saviour? This week’s edition of Business Weekly focuses on the growing economic discrepancies between the core and the periphery in Europe. One example is the… 03/06/2011
ECB head wants EU finance ministry The head of the euro zone’s central bank is suggesting that the bloc should consider setting up a single finance ministry to better coordinate national… 02/06/2011
Lagarde starts charm offensive for IMF top job French Finance Minister Christine Lagarde made Brazil her first stop as she kicked off a world tour to try to win support for her bid to lead the… 30/05/2011
Profile: Christine Lagarde She has come a long way since representing France in synchronised swimming as a teenager. Now aged 55, Christine Lagarde stands a good chance of becoming the… 25/05/2011
Who might succeed Strauss-Kahn at IMF? With Dominique Strauss-Kahn in jail in New York facing sex assault charges, the question is being asked who might succeed him as head of the International… 17/05/2011
Glencore to close IPO books early Commodity trader Glencore is having no trouble selling 7.7 billion euros worth of shares with its initial public offering despite the recent volatility in… 13/05/2011
LSE annual profit surges The London Stock Exchange exceeded its profit forecasts for the year up until the end of March. Profit increased 22 percent on the previous year to the… 13/05/2011
Major overhaul for HSBC to cut costs Big changes are coming at HSBC. Europe’s largest bank is to cut back in wealth management and high street banking and may sell its US credit card arm. It… 11/05/2011
Merkel’s backing confirms Draghi for ECB presidency The last major obstacle has been removed to Italy’s Mario Draghi becoming the next president of the European Central Bank. A spokesman for German Chancellor… 11/05/2011
Commerzbank profits to help bailout repayment Commerzbank’s operating profit in the first quarter came in much higher than expected – at 1.1 billion euros. That means Germany’s second-biggest lender… 02/05/2011
Merkel ‘wants concessions’ to back Draghi for ECB German chancellor Angela Merkel reportedly wants something in return before she supports Italy’s Mario Draghi as the next president of the European Central… 02/05/2011
Britain between the wedding and economic weakness The week’s edition of Business Weekly takes you to the United Kingdom, a country celebrating its royalty and struggling with a sluggish recovery and a severe… 29/04/2011
