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Showing 41 - 50 of 82 results for "European Commission"

Frightened eurozone savers to buy Aussie dollars

MARK SMITH  |  TUESDAY, 2 APR 2013
... potential," he explained. "The warning is clear - the rules have changed, so do not expect unlimited handouts from European Commission from this point on," he continued. "Unfortunately that message seems to be totally contradictory to the European Central ...

The song remains the same

BENJAMIN ONG  |  FRIDAY, 9 NOV 2012
... still not officially begging for salvation. And oh, there's fresh news out of Germany - and it's bad. The European Commission is now less optimistic about country's outlook - slashing its 2013 growth forecast to just 0.8% from 1.7%. OMG! What? The deterioration ...

Spanish austerity and Chinese take-away

BENJAMIN ONG  |  FRIDAY, 28 SEP 2012
... saw that this was good. By imposing tough fiscal measures (in line with earlier recommendations made by the European Commission), Spain could now go to the European Union begging for more dinero and not be seen as acquiescing to bailout conditions. "The ...

Two down, one to go

BENJAMIN ONG  |  THURSDAY, 13 SEP 2012
... the single currency area single. Next stop towards strengthening that singleness: Banking Union. Last night, European Commission President Jose Manuel Barroso outlined a plan for the ECB to become the Eurozone's banking supervisor - an initial step towards ...

AMP Capital, Macquarie sells infra to Asia's richest man

BEN COLLINS  |  THURSDAY, 26 JUL 2012
... Infrastructure Funds 2 SARL and AMP Capital. The deal to purchase Wales & West Utilities Limited - subject to European Commission Approval - is worth US$1bn. Cheung Kong Holdings, owned by Asia's richest man Li Ka-shing, is leading the consortium of ...

Market Wrap

AAP  |  WEDNESDAY, 6 JUN 2012
... conference call. The finance ministers promised to respond "speedily" to Europe's debt crisis; and on Wednesday the European Commission will unveil new plans for winding up failing banks. "A lot of hesitancy (in the markets) now is being compounded by ...

Scare me not

BENJAMIN ONG  |  THURSDAY, 10 MAY 2012
... deutschmark, the lira, the drachma, the peseta, the guilder, etc. But hey, just look at today's news. The European Commission just approved the release of a,-5.2 billion in bailout loans to Greece. This tells me that, problematic as it may have been ...

Market Wrap - Morning

AAP  |  TUESDAY, 8 MAY 2012
... the government said it would clean up huge bad loans at the nation's fourth-biggest listed bank, Bankia. The European Commission had hinted it could give Spain more leeway to meet budgetary deficit objectives given a deteriorating economy and troubled ...

No surprise in surprises

BENJAMIN ONG  |  TUESDAY, 24 APR 2012
... billion in budget cuts to trim its 4.6% of GDP budget deficit forecast for 2013 to 3.0% as demanded by the European Commission. Opposition parties claimed it would be too rigorous for an already weakened economy to handle - GDP is expected to contract ...

Market Wrap - Morning

AAP  |  TUESDAY, 6 MAR 2012
... embarrassing test case and possible big fine under new EU rules for a "grave" breach of budget limits, the European Commission says. NEW DELHI - Mining giant Rio Tinto plans to invest $US2 billion ($A1.87 billion) in an iron ore project in eastern India ...