Greek Herald
GreekHerald.com Wednesday 10th March 2010 Edition 8/104
bullet
Front Page Europe Business News
corner
Irish airline millions of euros downIrish airline millions of euros down
Irish airline, Aer Lingus, has reported a loss for...


Add to My Yahoo!
Eurotunnel makes profit even with poor economy
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic...
Referendum to pay Britain and Holland will not go aheadReferendum to pay Britain and Holland will not go ahead
Icelanders have voted overwhelmingly against a referendum to allow taxpayers money to be used to repay international...
Greek austerity plans given Clinton approvalGreek austerity plans given Clinton approval
US Secretary of State, Hillary Clinton, has met Greek Prime Minister George Papandreou in...
FOREX-Yen rises broadly; Europe's debt woes hurt euro
* Risk aversion and repatriation flows boost yen * Ratings agency comments weigh on sterling, euro * China's commitment to buy Treasuries helps dollar (Adds details, updates prices) NEW YORK, March 9...
Greece Says Speculation Will Be on G-20 Agenda
Greece, pressing for curbs on financial speculation it blames for worsening the country's debt crisis, said Tuesday the idea would be examined by the G-20 leading powers at their next...
23-03-2010 Brussels, EU Sustainable Energy Week 2010
The event will include a series of energy policy discussions, thematic workshops on energy efficiency and renewable energy, and seminars on EU funding and networking. The conference runs parallel...
13-04-2010 Paris, Third Workshop on Social Network Systems
The event will gather researchers to discuss novel ideas about computer systems and social networks. Online social networks are among the most popular sites on the Internet and continue to grow in...
Obama Can Offer Little in Talks on Greek Debt Crisis
(Adds meeting occurred in second paragraph, Gibbs comment in eighth, Papandreou in 10th and 14th, updates euro in 17th. For more on the Greek fiscal crisis, see EXT3 <GO>.) By Nicholas...
Viewpoint: Talk of an EMF sounds like euro-manoeuvring
The strangest part of all this talk about the creation of a European Monetary Fund is the timing.Eurozone members are in the middle of dealing with the Greek debt crisis and are desperately trying to...
Euro wobbles on eurozone finance jitters
Greece and other eurozone members and resistance to a planned IMF-style European Monetary Fund. The single European currency in late-day trade had fallen to 1.3583 dollars from 1.3631 late Monday...
FTSE shares inch lower
LONDON (AFP) – The FTSE 100 stock exchange slipped fractionally on Tuesday after a bout of cautious trading due to uncertainty over Europe's economic outlook...
EADS: Air Force Tanker Bid Retreat Is Final
March 9 (Bloomberg) -- European Aeronautics, Defense & Space Co. Chief Executive Officer Louis Gallois said his decision to abandon the $35 billion U.S. Air Force Tanker bid is final, as some...
Tata Stake Sale Cushions Daimler's EADS Loss
March 9 (Bloomberg) -- Daimler AG’s sale of Tata Motors Ltd. shares will cushion the maker of Mercedes-Benz cars from a hit on earnings at European Aeronautic, Defence & Space...
‘Cinderella’ Valley Vintners May Go Broke After Quake
March 9 (Bloomberg) -- Chile’s strongest earthquake in 50 years may bankrupt smaller winemakers after vines collapsed, casks broke apart and millions of liters were spilled, a former Goldman...
Biden Wants ‘Bold’ Steps; Israel Approves East Jerusalem Homes
March 9 (Bloomberg) -- Israel and the Palestinians will have to take “bold” steps for peace, Vice President Joe Biden said today, hours before efforts to resume talks hit a new hurdle...
Foreign Minister Alexander Stubb supports giving Russian citizens the right of visa-free travel in the European Union. He made his comments on a visit to Moscow.
"It’s in our interest that Finnish citizens and Finnish businessmen and women can move freely," Stubb told YLE. "We’re not ready for that now, because there are two requirements that have to be...
Glance-FTSE ends lower; weak banks outpace buoyant oils
By Tricia Wright LONDON, March 9 (Reuters) - Britain's top share index closed a touch lower on Tuesday, as a weakening in banks after a cautious research note from Credit Suisse slightly outpaced...
CURRENCIES: Dollar Falls Vs. Euro On Greece Debt-cut Move
in North American trade late Tuesday. The dollar index (DXY), which measures the greenback against a trade-weighted basket of six major currencies, fell to 79.880, from 80.512 late Tuesday. The...
Greece's Problems Are Shared By Europe: Finance Minister
Greek Financial Minister George Papaconstantinou told CNBC Tuesday that there is "no question" the country's three-year deficit reduction plan will succeed, but he said its problems are also...
EU policy makers play down monetary fund idea
LUXEMBOURG/FRANKFURT (Reuters) – European policy makers played down on Tuesday the idea of creating a European Monetary Fund, saying it was at most a long-term project that did not offer a...
Eurostar Failures Bolster Deutsche Bahn’s Tunnel Bid
March 9 (Bloomberg) -- Groupe Eurotunnel SA said the breakdown of Eurostar Group Ltd. trains before Christmas has bolstered the case for operators including Deutsche Bahn AG to be given access to its...
Taoiseach defends €1m cost of advisors
The Taoiseach Brian Cowen has defended the €1m wage bill paid to seven of his political advisors.Mr Cowen has told the Dáil that his highest paid advisor is the economist Peter Clinch who earns...
Euro slips with all eyes on Greece
LONDON (AFP) - The euro fell against the dollar in European deals on Tuesday as investors awaited fresh details on Greece's plans to resolve the nation's debt crisis, analysts said.In morning deals...
Glance-Weak banks, miners push FTSE down 0.7 percent
By Tricia Wright LONDON, March 9 (Reuters) - Weak banks helped drive Britain's top share index 0.7 percent lower by midday on Tuesday after analysts cautioned over the sector's funding position, with...
CURRENCIES: Dollar Up; Debt Worries Shadow Euro
The U.S. dollar gained versus the euro and British pound on Tuesday, finding support amid ongoing worries about debt problems in the euro zone after Fitch Ratings warned...
Barroso dampens euro zone fund speculation
The President of the European Commission has dampened speculation that the EU is working towards the creation of a European Monetary Fund to bail out struggling euro zone economies. Speaking in...
Euro is weaker in Asia with Greece's debt crisis in focus
The euro was weaker in Asian trade yesterday as investors waited for fresh details on Greece's plans to resolve its debt crisis.The euro fell to 1.3614 dollars in Tokyo afternoon trade from 1.3631 in...
Greek Estimated Tax-Revenue Gains May Fall Short, EU Draft Says
March 9 (Bloomberg) -- Greek tax increases designed to curb the European Union’s biggest budget deficit may fail to generate as much additional revenue as the government in Athens estimates, a...
BNP Unable to Reduce Pay Without Losing Traders, de Galhau Says
March 9 (Bloomberg) -- BNP Paribas SA, France’s largest bank, won’t be able to reduce traders’ pay any further without losing them to rivals, an executive...
Sanofi-Aventis, Merck to Combine Animal Health Units
March 9 (Bloomberg) -- Sanofi-Aventis SA and Merck & Co. will combine their veterinary medicine units to create the world’s largest animal health business with combined sales of more than...
EURO BONDS-Lloyds, Iberdrola, EDP, Westpac, 3CIF, Banca Popolare
LONDON, March 9 (Reuters) - News, details on corporate bond issues in the European markets on Tuesday: Issue: The UK banking group plans a 5-year benchmark euro covered bond, an official at one of...
Europe's Red Tape Snarls Rescue Fund Idea
One day after the European Commission announced it is considering a new rescue fund for euro-zone countries, the bloc is divided on how possible this project actually is. The idea to create an EMF is...
Merkel says EU bailout fund would halt speculators
said Tuesday that a European monetary fund to bail out eurozone nations in need would send a clear signal to markets speculating on the possible break-up of Europe's currency union. She said...
EADS loss weighs on European stocks
LONDON – European stocks fell Tuesday as corporate earnings from plane maker EADS NV disappointed expectations and investors stepped back to assess the pace of the global economic recovery in...
Merkel Urges Regulation as Greece Takes Plea to U.S.
March 9 (Bloomberg) -- German Chancellor Angela Merkel and Luxembourg Prime Minister Jean-Claude Juncker called for urgent regulation of credit-default swaps to shore up the euro area and prevent a...
BSE among world's top-10 bourses; m-cap doubles in 2009
The Bombay Stock Exchange (BSE) has emerged as one of the 10 bourses globally in terms of valuation of shares traded, with its market valuation nearly doubling to Rs 60,79,892 crore ($1.31 trillion)...
German chancellor says EU bailout fund would halt speculation on euro, Greek default
LUXEMBOURG - German Chancellor Angela Merkel said Tuesday that a European monetary fund to bail out eurozone nations in need would send a clear signal to markets speculating on the possible break-up...
Saving the Euro: Berlin and Paris Take Aim at Speculators
Chancellor Angela Merkel and French President Nicolas Sarkozy are considering measures to limit the kind of speculation that has targeted the European common currency in recent weeks. If Brussels...
France seeks ‘better options’ to European fund
Paris today. Consideration shouldn’t be “limited to a European Monetary Fund,” she said. “Other ideas need to be studied and those that respect...
UAE Eyes Foreign Ownership Law by Year-End
The United Arab Emirates will review rules governing foreign ownership of companies in the next month and implement a new law by the end of this year, economy minister Sultan bin Saeed al-Mansouri...
German bankruptcies up 15.5 pct in December
. The Federal Statistical Office said Tuesday that 2,583 companies filed for bankruptcy protection in the last month of 2009. It says corporate bankruptcies increased 11.6 percent for 2009 as a...
European stocks fall as markets mark dark anniversary
CAC 40 declined by 0.39 percent to stand at 3,888.14. The Stoxx 50 index of top eurozone shares gave up 0.45 percent in value to 2,866.19 points. "It may be the first anniversary of the...
BA Union Says Strike Even Bet; Lufthansa Truce Holds
March 9 (Bloomberg) -- British Airways Plc’s chances of avoiding a cabin-crew strike after the end of talks today are no better than even, a union said, while Deutsche Lufthansa AG pilots...
Northern Ireland May Vote to Take Back Policing, Justice Power
March 9 (Bloomberg) -- Northern Ireland’s politicians will probably vote today to take control of policing and justice for the first time in 39 years, saving the U.K. province’s power-...
East Europe Leads Stock Gains Since Post-Lehman Low
March 9 (Bloomberg) -- East European and Central Asian stocks led gains in the year since global equities bottomed out following the bankruptcy of Lehman Brothers Holdings...