European Investment Bank offers 700-mln-euro credit for Polish investments
11-07 09:36
The European Investment Bank (EIB) on Thursday granted a loan of 700 million euros (about 868 million U.S. dollars) to Poland intended for key investments in research, development and innovation fields, as well as investments supporting the knowledge-based economy and the development of digital administration.
Bank of Portugal starts criminal proceedings against former BES chairman
11-07 09:30
According to reports Salgado is accused of falsifying accounts of GES companies,incurring shareholders'losses and manipulating customers who were convinced to invest in financial products of dangerously indebted companies s. Novo Banco has put forward a proposal to compensate investors that can prove they were misled into investing in commercial papers and bonds of GES group companies.
EU commissioner expresses will to set up capital markets union
11-07 08:35
6(Xinhua)--European Commissioner for financial services Jonathan Hill here on Thursday expressed his resolve to set up an EU capital markets union n. Concerning financial stability,he said good regulation underpins financial stability.
U.S. to levy punitive duties on steel products
11-07 08:18
The International Trade Commission (ITC) of the United States on Thursday said in a final ruling that an American industry is materially injured by reason of imports of non-oriented electrical steel (NOES), a cold-rolled and flat-rolled alloy steel product, paving the way for the U.S. government to levy punitive duties on the products.
EU preparing to look into possible tax "state aid", says commissioner
11-07 07:41
European commissioner for competition Margrethe Vestager on Thursday said the European Commission (EC) was ready to look into member states' tax ruling practices that could favor some companies.
Germany plans extra 10-bln-euro public investment
11-07 07:48
German government wants to raise an additional 10 billion euros (about 12.4 billion U.S. dollars) in public investment from 2016 to 2018, without affecting its target of budget balance, announced German Finance Minister Wolfgang Schaeuble on Thursday.
Eurogroup supports precautionary credit line for Greece
11-07 07:18
The Eurogroup finance ministers here on Thursday discussed the follow-up to Greece's economic adjustment program, and supported granting Greece a precautionary credit line.
U.S. mortgage rates remain at 16-month low
10-24 07:53
Cypriot banks notified about ECB stress test results
10-24 08:47
Cypriot banks were notified on Thursday about the results of stress tests conducted for 130 European Union lenders, Central Bank of Cyprus sources said in Nicosia.