Category Archives: Economy

Do Nykredit the Danish bank have an issue with unqualified staff?

There are information in the market that the largest real estate financier in Denmark Nykredit have serious staff problems. Apparently the academic background of staff all the way up to directors level are very simpel … continue…

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MoneyGram settles fraud allegations with DoJ

(Reuters) – Payment services company MoneyGram International Inc said it reached a $100 million settlement with U.S. authorities related to suspected fraudulent transactions by some agents. The settlement, which also involves the appointment of an … continue…

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Storm Sandy won’t blow Allianz off 2012 target

(Reuters) – The latest claims data on superstorm Sandy in the United States do not threaten the full year operating target of Allianz (ALVG.DE), Europe’s biggest insurer said on Friday. Allianz raised its 2012 operating … continue…

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Aviva nearing sale of U.S. unit

(Reuters) – Aviva (AV.L), Britain’s second-biggest insurer, is closing in on the sale of its U.S. business, a key element of a turnaround effort aimed at boosting the group’s share price performance. The sale of … continue…

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EADS quarterly earnings beat forecasts

(Reuters) – Europe’s EADS (EAD.PA) unveiled stronger-than-expected third-quarter earnings boosted by planemaker unit Airbus on Thursday and reaffirmed its financial targets, in a back-to-basics presentation following the failure of merger talks with BAE. Tom Enders, … continue…

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Siemens aims to save 6 billion euros by 2014

(Reuters) – Germany’s Siemens said it aims to save 6 billion euros ($7.65 billion) by 2014, more than expected, as the engineering conglomerate fights to stay competitive in a weak global economy. Munich-based Siemens said … continue…

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Global shares gain, dollar slips after Obama win

(Reuters) – World shares and gold rallied while the dollar fell on Wednesday after President Barack Obama was re-elected for a second term, signaling no dramatic shift in U.S. economic policy. Gains in Europe’s main … continue…

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ING to cut 2,350 jobs

(Reuters) – ING (ING.AS), the largest Dutch financial services group, is to cut 2,350 jobs, or 2.5 percent of its workforce, as it prepares to separate its banking and insurance operations in difficult markets. ING … continue…

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U.S. markets want clear decision from presidential vote

(Reuters) – Traders and investors seem to agree on one thing about Tuesday’s U.S. presidential election: The markets want a clear winner by Wednesday morning. The most recent Reuters/Ipsos tracking poll shows a tight national … continue…

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M&S profits fall on clothing issues, economy

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(Reuters) – Bellwether British retailer Marks & Spencer (MKS.L) posted a second consecutive year of falling first-half profit, reflecting mistakes in its clothing offer and the pressure facing UK consumers. The 128-year-old group, Britain’s biggest … continue…

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