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Latest EU Banking News

  • Oil hovers near US$37 as demand for crude wanes 17 Feb 2009 11:31 GMT
    ... SINGAPORE - Oil prices hovered near US$37 a ... rose 11 cents Monday in Asian and European trading while U.S. markets were closed for ... a credit crisis in the U.S. sub-prime mortgage sector has mushroomed into the worst global ...

  • Euro falls to 2-month low versus dollar 17 Feb 2009 11:31 GMT
    ... LONDON (Reuters) - The dollar rose broadly while ... by concerns over a recession in eastern Europe and the knock-on effect on European banks. However, the single currency pared some losses ...

  • Anglo Irish Bank nationalization approved by EU 17 Feb 2009 11:31 GMT
    ... BRUSSELS (AP) - European Union regulators gave their approval Tuesday to ... move, adding that the takeover of the banks assets and remaining shares are not being ... guarantees already in place," which already received EU approval in Oct., the commission said in ...

  • FOREX-Euro falls to 2-mth low vs dlr on E. Europe woes 17 Feb 2009 11:31 GMT
    ... LONDON, Feb 17 (Reuters) - The dollar rose ... by concerns over a recession in eastern Europe and the knock-on effect on European banks. However, the single currency pared some losses ...

  • European markets down on banking worries 17 Feb 2009 11:31 GMT
    ... Worries about the health of the banking sector and more gloomy economic news pulled European stock markets lower on Monday (February 16th), according to reports. Reuters said the FTSEurofirst ...

  • Bravura Solutions: Bravura's Babel Vestima+ features in Finextra Innovation Showcase 17 Feb 2009 11:31 GMT
    ... Bravura Solutions: Bravura's Babel Vestima+ features in Finextra ... and data management company that serves various banking institutions in Luxembourg. Bravura's CEO EMEA, Tony ... create a borderless investment funds market in Europe, fragmentation of market infrastructures and a lack ...

  • Rand remains weak 17 Feb 2009 11:31 GMT
    ... The rand remained under pressure in midday trade ... Monday warning that the recession in Eastern Europe will be more severe than elsewhere due ... stimulus bill and fresh fears over the banking sector have pushed Asian and European equities ...

  • Mandelson Admits Recovery Is Yet To Begin 17 Feb 2009 11:31 GMT
    ... The Business Secretary will say the Government is ... because despite moving quickly to combat the banking crisis, Britain's recovery has not yet begun. ... US as in Britain and elsewhere in Europe." Lord Mandelson will say governments must keep ...

  • Free trade does not mean control 17 Feb 2009 11:31 GMT
    ... MOVES by the Chinese Government to seize significant ... manufacturing plants to breweries; Swiss and British bankers provide finance here and in New Zealand. ... shopping centres in America, toll roads in Europe and construction companies in the Middle East. ...

  • Getting the Yen Back to Previous Levels Could Help Ease Current Pressures 17 Feb 2009 11:31 GMT
    ... The proxy for global industrialism, Japan, is in ... SDRs–Special Drawing Rights. Given that the Anglo-American banking system is in terrible shape, and that peripheral Europe from to Austria is starting to crackle, ...


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