Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
Europe
Swedish banks' capital strength riskier than expected
Swedish big banks' capital strength are more vulnerable to risk than what appears on paper. (Photo : Reuters)The image is the face of a Swedish kronor bill.
Swiss banks' privacy under pressure from US and Europe
Banks from Switzerland are being pressured by European and United States governments to release private information.
Investors doubt U.S. and Europe gov't debt payment programs
The US and European governments won't be able to make any significant cut back on its deficits, according to investors.
Insurers still unable to break rule deadlock
Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.
Latest News
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
Ukrainian company gets a loan to build a wind farm. A unit of DTEK Holdings BV was able to get a Eur 138 million loan from Landesbank Berlin AG for developing a wind farm in the southern part of Ukraine.
Fiat is going to earn more from Chrysler this year. (Photo : Reuters)This is a photo from the Geneva Auto Show for the Chrysler booth. Fiat, the Italian car company is set to earn more from Chrysler this year.
Sainsbury CEO Justin King sells part of his shares. (Photo : Reuters)The image is the Sainsbury branch during evenings. J Sainsbury Place is the third biggest grocer in the United Kingdom.
Osram warns of share value drop at debut in the market. (Photo : Reuters)The logo of Osram. In an effort to focus on the more profitable line of business, Siemens is set to spin-off its lighting arm Osram.
Apax Partners raises funds for its latest fund Apax VII. (Photo : REUTERS)To match Insight APAX/ In a statement Friday, Apax Partners said it had raised nearly US$7.
adeven closes US$4.3 million in funding for the development of the services it offers to the public.
No new offer for ENRC buyout. (Photo : Reuters)The image is the corporate logo of ENRC. The founding trio for mining company ENRC is not making any new offers for their their bid to buyout the other investors in the company.
Fiat refinances 2 billion euro loan to acquire Chrysler. (Photo : Reuters)The image is the Fiat showcase during a carshow. In a bid to become the world's seventh largest car maker basing on sales, Fiat has announced that it is refinancing a loan valued at 2 billion euros.
