Government sees positive results from negotiations. (Photo : Reuters)Greece Prime Minister talks about 8. 1 Billion Euro Bailout The Greek government led by Prime Minister Antonis Samaras was hopeful as talks commence regarding the release of funds by the IMF or the International Monetary Fund, the European Union and the European Central Bank.
Europe
Investment banks accused of conspiracy
The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.
Euro zone posts 1.6% gain during recession, close to target 2%-ECB
The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.
Carney, advised to pioneer lending to small firms using GBP1 billion
Mark Carney, the bank of England's new governor was urged to set aside GBP1 billion for small businesses to ais in UK's recovery.
Switzerland Hurt as Private Banks Leave Due to Rising Compliance Versus Secrecy
Banks leaving Switzerland due to the loss of secrecy in the banking transactions. (Photo : Reuters)The image is a bundle of 100 Swiss francs. Switzerland, the former Mecca for European lenders when it comes to private banking is now hurt with the change in banking secrecy and the rise in compliance.
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GSK was offered a formal takeover bid priced more than a billion pounds for its soft drink brand Lucozade and Ribena by Blackstone and Lion Capital.
Noki Oyj agreed to buy the stakes of Siemens AG in the Nokia Siemens Network according to sources. (Photo : Reuters)The image shows the Nokia Siemens Network sign inside the company's building.
Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
France announced sale of its 4.69% stake in ADP, a Paris airport operator to Vinci and Credit Assurances.
Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.
Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
ThyssenKrupp would sell off its European steel business, according to its CEO. (Photo : Reuters)The image is the signage in front of the ThyssenKrupp corporate headquarters.
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.
