Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
Tags: Euro
Latvia still faces unemployment following the entry of Euro
Entry of the Euro in Latvia had not made any positive effect on the country's economy. On January 1, Latvia had adopted the Euro, which would hopefully encourage lower costs for borrowing and investments.
Euro gains a result of ECB Bank Test
The Euros consistent climbed has encouraged currency repatriation in Europe. The Euro gained traction and reached a two-year high against the US dollar this month, according to a report by Bloomberg.
Swiss National Bank continues protection of the franc
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
Dollar declines after US housing sales plunge in July
The sales of US homes unexpectedly fell in July that had caused the US dollar to plunge against the Euro.
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Armacell bids well below base price set by Investcorp. The sale of Armacell is creating issues as Investocorp's base price could not be reached by the existing bidders.
