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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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Chiles Indians take on worlds largest gold miner
In this May 23, 2013 photo, security officers walk away from the entrance of the Barrick Gold Corp's Pascua-Lama facilities, in northern Chile. Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday, May 24, 2013, and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its ...
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Man in custody after €1.7m drugs seizure in Dublin
A man remains in Garda custody this morning in connection with a EUR1.7m drugs haul on Dublin's northside.The 36-year-old man was arrested after garda searched a house on The Strand, Donabate on Thursday and recovered almost EUR1m worth of ecstasy tablets and EUR700,000 in cannabis herb.The man is being questioned at Mountjoy Garda ...
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16 children 1 teacher dead in Pakistan bus fire
LAHORE, Pakistan (AP) -- Police say that a teacher was among the 17 burned to death in eastern Pakistan when a minibus taking children to school suddenly caught ...
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Angel Flight Crashes in NY 2 Killed 1 Missing
The crash of a volunteer Angel Flight in upstate New York that killed at least two people is under investigation, and the search for the missing pilot is ongoing, authorities said. Fulton County Sheriff Thomas Lorey said the flight's two passengers were found dead near where the twin-engine plane crashed in a wooded area in Ephratah, about an hour west of Albany. He said the search for ...
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Improving economy alters political landscape
FILE - In this May 15, 2013, file photo, President Barack Obama speaks on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny in the East Room of the White House in Washington. The economy is clearly, if slowly, recovering on Obama s watch and robbing Republicans of a central argument against Democrats. But the alleged misbehavior by the Internal Revenue ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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German confidence rebounds in May
Sarah Marsh - 25 May 2013 German business morale improved far more than expected in May, rebounding after two months of falls and suggesting Europe's largest economy is slowly picking up speed after a sluggish first ...
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Haynes Johnson Dead Pulitzer-Winning Journalist And Author Dies At 81
WASHINGTON - Haynes Johnson, a pioneering Washington journalist who won a Pulitzer Prize for his coverage of the civil rights movements and migrated from newspapers to television, books and teaching, died Friday. He was 81. The Washington Post reported he died at Suburban Hospital in Bethesda, Md. In a statement to the Post newsroom, Managing Editor Kevin Merida said Johnson died of a heart ...
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Gas cylinder blast on Pakistan school bus kills 17
PESHAWAR, Pakistan - A pair of suspected militant attacks killed nine people in two different areas of northwest Pakistan on Friday, police said.In the deadlier of the two attacks, suspected militants armed with heavy weapons attacked a police convoy in Mattani, 20 kilometers (12 miles) south of the main northwest city of Peshawar, killing six policemen and wounding seven others, said senior ...
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Charity warns of lost tax revenues
25 May 2013 IRISH charity Christian Aid says developing countries lose around $160bn (EUR123bn) in tax revenues every year due to multinationals shifting profits to low-tax ...
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Raiffeisen chief Stepic offers to quit as offshore probe widens on investments
Jonathan Tirone and Alexander Weber - 25 May 2013 RAIFFEISEN Bank International chief executive officer Herbert Stepic offered to resign from eastern Europe's second-biggest lender, a day after officials began a probe into his investments through offshore ...
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Google hit with fresh probe into online ads
Google 's dominance of the online advertising market.The company is by far the dominant player in internet ads, and derives most of its EUR40bn revenue from selling ads on the web around the world.Now, however, the FTC is set to look at whether Google is abusing its position as the market leader. The investigation - one of many Google has had to endure in recent years - is believed to be ...
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Retired Lafley returns to take helm at PG amid revamp
Jessica Wohl - 25 May 2013 PROCTER & Gamble brought back AG Lafley from retirement to run the world's largest household products maker, replacing Bob McDonald in the midst of a major ...
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Irish share prices hold steady as markets get nervous
Sarah McCabe - 25 May 2013 IT WAS a steady day for Irish share prices after stocks dipped on Thursday, following indications that the ...
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Judge expects Apple is guilty of ebook price-fixing conspiracy
Katherine Rushton - 25 May 2013 An American judge says there is strong evidence that Apple was involved in a conspiracy with publishers to fix the price of ...
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Dead Pa. babys dad believes in divine healing
FILE - This undated file photo combination provided by the Philadelphia Police Department shows Herbert and Catherine Schaible. At a bail hearing Friday, May 24, 2013, a Philadelphia judge ordered the couple, who believe in faith healing over medicine, be held without bail on third-degree murder charges in the April death of their 8-month-old son, Brandon. They previously had been convicted of ...
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German economic growth `soft` as euro-area recession drags on
(menafn - ecpulse) Germanys economic growth was confirmed to be modest in the first quarter, as the ongoing recession in the euro area continues to drag on Europes largest economy. Gross Domestic Product rose to a seasonally adjusted 0.1 percent in the three months through March, the final reading ...
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Report Fallen bridge had earlier gouges impact damage
View Photo Associated Press/Elaine Thompson - Workers walk past the collapsed portion of the Interstate 5 bridge at the Skagit River Friday, May 24, 2013, in Mount Vernon, Wash. A truck carrying an oversize load ...
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Ohio kidnap rescuer wont endorse free burgers
Knight were rescued in Cleveland. Ramsey, the man who famously put down his Big Mac to help rescue three women held captive for a decade in an Ohio house will never have to pay for another burger in his hometown. Ramsey has been promised free burgers for life at more than a dozen Cleveland-area restaurants. (AP Photo/The Plain Dealer, Scott Shaw, ...
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Stone Temple Pilots Sue Ex-Frontman Scott Weiland
LOS ANGELES (AP) -- The Stone Temple Pilots accuse former frontman Scott Weiland of misusing the band’s name to further his solo career and want a judge to strip the rocker of his ability to use the group’s name or songs. A lawsuit filed Friday in Los Angeles accuses Weiland of being chronically late to concerts while the group was together and having his lawyer try to interfere ...
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UK’s FTSE suffers biggest single drop
Britain's FTSE 100 share index suffered its biggest one-day drop in a year on Thursday, knocked off historic peaks by weak economic data and signs the United States Federal Reserve could soon taper its stimulus ...
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Judge Ariz. sheriffs office profiles Latinos
A federal judge must now decide whether the nation's largest police force has been unjustly stopping black and Hispanic men under a polarizing tactic known as stop, question and frisk, and whether changes are needed to department policy, training and ...
Europe Focus
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US nuclear missles in Europe remain poised for a war that will never come
The United States and Russia recently signed a new landmark nuclear non-proliferation treaty called START in March and the US in early May followed up its non-proliferation goals by making the unprecedented step of publicly declaring how many nuclear weapons it had – just over 5,113 in total, though many of them are in storage and would take time to be deployed.
That is a vast reduction compared to the total arsenal the country possessed at the height of the Cold War in 1967, the number at that time was 31,225, according to reports by European news media. Read more
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