Tag Archives: union
Spain, Portugal urge eurozone to unfreeze credit, speed up banking union
The leaders of Spain and Portugal on Monday demanded that the 17-nation eurozone speed up efforts to create a banking union and complained that credit is frozen in their countries, preventing economic growth and crucial job creation. Continue reading
CYCC, OMER To Watch Out, LGND Adds To Portfolio, TTHI, RPTP, Trimel Spike
SOUTH SAN FRANCISCO (dpa-AFX) – Aegerion Pharmaceuticals Inc. (AEGR) said it continues to be optimistic about the potential for a positive CHMP opinion in the European Union for its homozygous fam… Continue reading
Serbia, Kosovo reach tentative deal on relations
BRUSSELS (AP) — Serbia and Kosovo reached a potentially historic agreement Friday to normalize relations between the Balkan neighbors, end years of acrimony and put them both on a solid path to European Union membership. Continue reading
G20 urges EU to complete banking union fast, Germany digs in heels
World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward such a union be through a lengthy and risky process – a change of EU law. Continue reading
Germany puts brakes on EU bank union with treaty call
Germany said European banking union will require changes to EU law, in a call that could slow completion of the plan designed to underpin the euro currency. Continue reading
Cyprus finance minister quits as crisis probe begins
NICOSIA , Cyprus – Cyprus’s finance minister resigned on Tuesday after concluding a 10 billion euro bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses. Michael Sarris, a lead player in talks with International Monetary Fund and European Union lenders, said he had completed his task but also that he was likely to come unde… Continue reading
Cyprus clinches last-ditch bailout deal
BRUSSELS – Cyprus clinched a last-ditch deal with international lenders on Monday for a 10 billion euro ($13 billion) bailout that will shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians.The agreement emerged after fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and… Continue reading
Wal-Mart sues union over protests at Fla. stores
Wal-Mart Stores Inc has sued a major grocery workers union and others who have protested at its Florida stores, the latest salvo in its legal fight to stop “disruptive” rallies in and around its stores by groups seeking better pay and working conditions. Wal-Mart does not have union-represented workers in its U.S. Continue reading
Cyprus scrambles to raise $7.5 billion by Monday after Russian rebuff
The Cypriot finance minister left Moscow empty-handed on Friday after Russia turned down appeals for aid, leaving the island to strike a bailout deal with the European Union before Tuesday or face the collapse of its financial system.The rebuff left Cyprus looking increasingly isolated, with the deadline looming to find billions of euros demanded by the EU in return for a 10 billion euro ($12.93 b… Continue reading
S&P downgrades Cyprus credit rating to CCC from CCC-plus
By Daniel Bases NEW YORK (Reuters) – Standard & Poor’s cut the sovereign long-term foreign currency credit rating on Cyprus deeper into junk status on Thursday, lowering the rating to CCC from CCC-plus as the country struggles with a banking crisis. The European Union gave Cyprus until Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency bloc Continue reading
