Reuters FRANKFURT, May 31 (Reuters) – Greece’s massive debt pile is undermining confidence so European officials need to reach a deal on June 15 to cut it and kick-start the only economy in the euro zone still contracting, European Central Bank board member Benoit Coeure said on Tuesday. “Discussions are ongoing, but in…
The UKs Pensions Regulator (TPR) has agreed an arrangement with Hoover to allow the household appliances company to offload its main pension scheme to the countrys lifeboat fund. TPR confirmed this week that it had permitted a regulated apportionment arrangement (RAA) with the UK arm of Hoover as the funding needs of the scheme threatened…
Shutterstock photo (Adds details, background) By Jan SchwartzHAMBURG, Germany, June 1 (Reuters) – German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank [HSH.UL] rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the…
Viet Nam News HÀ NI US businesses must engage more strongly in Vit Nams economic restructuring, especially in the finance-banking sector and in State-owned enterprise equitisation, Prime Minister Nguyn Xuân Phúc said on Tuesday. He made the remark while attending a round-table talk on the US-Vit Nam investment co-operation in New York. The…
May 31 Greece’s massive debt pile is undermining confidence so European officials need to reach a deal on June 15 to cut it and kick-start the only economy in the euro zone still contracting, European Central Bank board member Benoit Coeure said on Tuesday. “Discussions are ongoing, but in my view it is important that…
(Adds details, background) By Jan Schwartz HAMBURG, Germany, June 1 German shipping firm Rickmers filed for insolvency on Thursday, a day after its largest lender HSH Nordbank rejected a restructuring plan, the company said. Rickmers is the most high-profile casualty in Germany’s shipping sector and another example of the deepening turmoil in a global container…