Category Archives: Europe

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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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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Luxury carmaker BMW starts to feel industry pain

(Reuters) – BMW (BMWG.DE), the world’s largest premium carmaker, warned it was starting to feel the pain of a sickly European market, overshadowing strong quarterly results and a forecast record annual profit. Chief Executive Norbert … 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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G20 flags U.S. fiscal cliff, Europe’s debt woes

(Reuters) – Finance chiefs of the world’s 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe’s debt woes at a meeting in Mexico this weekend as they look to push … continue…

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StanChart shares tumble on Iranian dealings

(Reuters) – Standard Chartered Plc’s shares fell as much as 20 percent on Tuesday after New York’s top bank regulator threatened to remove its state banking license, saying the British lender hid $250 billion in … continue…

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Spyker sues GM for over $3 billion on Saab bankruptcy

(Reuters) – Dutch sportscar maker Spyker NV (SPYKR.AS) is suing General Motors Co (GM.N) for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the Swedish group … continue…

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The worlds most effective translation service is now online

The LowCostTranslator the low cost high service initiative from the Swiss The Translator Group is now online in 5 countries including the US. Before end of year 35 local websites will be rolled our providing … continue…

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Euro zone crisis heads for September crunch

(Reuters) – Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a “make-or-break” month as policymakers run … continue…

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