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Greeces Piraeus Bank posts Q1 profit on accounting gain
ATHENS | Mon May 20, 2013 10:36am EDT ATHENS May 20 (Reuters) - Greece's second-largest lender Piraeus Bank on Monday reported sharply higher profit in the first quarter after booking an accounting gain for its acquisition of the Greek units of Cypriot banks. The bank reported a net profit of 3.62 billion euros ($4.65 billion) compared to earnings of 46 million euros in the same ...
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Russia calls for patience on new Syria conference
Moscow did not want to rush into a new international conference on Syria unprepared and risk an embarrassing failure, Foreign Minister Sergei Lavrov said Monday."It could be a trap to act in a hurry. On May 7 in Moscow (during a visit of US Secretary of State John Kerry), we agreed to initiate that conference only if very thorough preparations were made," Lavrov said in an interview ...
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E.On Russia to transfer 100 of 2012’s net profit into dividends
Russia E.On Russia, the Russian subsidiary of Germany's E.On power company, will transfer 100% of the net profit the energy company made in 2012, some $583 million into dividends, marking a record for the Russian domestic electricity market. The company has recommended a dividend of 0.29 roubles per share for 2012, worth 18.3 billion roubles ($583 million), General Director Maxim ...
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Nick Clegg shifts ground over EU referendum
European Union , saying it was a matter of "when, not if".It is the first time he has been so definite that the negotiations over a new structure for the EU will lead to a fundamental change in the UK-EU relationship, and so require a referendum in line with the Liberal Democrat manifesto, as well as legislation passed by the coalition.Clegg's remarks also isolate Labour as the ...
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Euro zone liquidity seen above 200 bn euros
It will be at least three months before liquidity in the euro zone falls to levels at which market rates have shown a tendency to rise, according to traders polled by Reuters on ...
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Russia Delivers Enhanced Yakhont
WASHINGTON [MENL] -- Russia has delivered to Syria an enhanced variant of acoastal defense system meant to repel any sea-based offensive against the regimePresident Bashar Assad. Officials said the U.S. intelligence community has determined that theKremlin approved and oversaw the deliveries of an upgraded variant of theYakhont coast-to-sea missile in 2013. They said the enhanced ...
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Shurat HaDin Arrest France 2 bureau chief in wake of al-Dura report
[Dr. Aaron Lerner - IMRA: In response to question from IMRA if Nitsana Darshan-Leitner plans to file a complaint herself with the police, Shurat HaDin responded that: "There are many victims of the second Intifada who would be willing to file a complaint against him, and indeed this may prove to be the case as a result of this development." ] Shurat HaDin - Israel Law Center ...
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German FM criticizes remarks by Hungarian PM
BERLIN (AP) -- Tensions between Germany and Hungary have flared over remarks by the two countries' leaders, including references to Hitler's occupation of the eastern European country in 1944 and an irritated German government response condemning Hungary's allusion to the Nazi era as "deplorable derailment" on ...
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Video Should Greece go back to the drachma
Investors may not be worrying quite so much about Greece at the moment but a new political party could change that. The Plan B party supports leaving the euro and returning to the drachma. Hayley Platt asks whether it's likely to do any harm to the country's ...
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Fakhriya Khalafova comments on “zero” points for Russia from Azerbaijan
Azerbaijani member of jury Fakhriya Khalafova has commented on "zero" points for Russia from Azerbaijan. The statement made by Head of the Public Television of Azerbaijan Jamil Guliyev that Russia was to get a high score from Azerbaijan has caused a great resonance. Head of the Public Television made a statement on the fact of counting votes of Azerbaijani viewers in Russia's ...
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ICSS partners with European Lotteries to fight match-fixing and betting fraud
May 20 - The International Centre for Sport Security (ICSS) has signed an agreement with The European Lotteries that will see the organisations working together to fight match-fixing and betting fraud. The European Lotteries is the umbrella organisation of national lotteries across Europe and ICSS President Mohammed Hanzab (pictured top, right) said the agreement represents a crucial step in ...
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The European Dream Fading Away
Other News ) - The European Union has asked its citizens to brace for further economic misery. In a report on European economic prospects released on May 3, the European Commission said that further deterioration is expected to last at least until 2015. But, as every such report says, things will then get ...
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Eight killed in twin blasts in Russias Dagestan
Eight people were killed by twin blasts in Russia's North Caucasus Monday, law enforcement authorities said.The blasts took place near the court bailiffs service headquarters in Makhachkala, capital city of the Dagestan republic, a spokesperson for Dagestan's top investigative agency told local media."Two cars were blown up one after another. At least eight people were killed. ...
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Nasri regrets insulting journalist at Euro 2012
Samir Nasri has told French TV that he was "stupid" to have insulted a journalist at Euro 2012, provoking a near year-long exile from international football for the Manchester City ...
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Ryanair aims to double short-haul European flight numbers as shares fly on record profits
The target was revealed as the budget carrier brushed off higher fuel costs to post a record annual profit of EUR569 million. The carrier wants to take customers from "legacy" rivals such as British Airways, Lufthansa and Iberia and grow its passenger numbers by more than 50 million a year by 2018. It has about 12 per cent of Europe's short-haul traffic now. Ryanair's ...
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Italys fearless play-stopper Bayern jinx - Champions League final referee Nicola Rizzoli
Nicola Rizzoli may not be viewed in the same esteem as the world-renowned Pierluigi Collina, chief refereeing officer of Uefa, but the Italian selected to officiate Saturday's Champions League final between Bayern Munich and Borussia Dortmund has quickly become one of the most respected match officials in the world game. Rizzoli is an architect by day, but it is his reputation as a referee ...
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France Overtakes UK as Europes Top Card Fraud Victim FICO Map Reveals
map of card fraud in Europe that showed most countries experienced a rise in fraud in 2012. For the first time in years, the UK did not have the highest card fraud losses in Europe -- France took its place, with 29 percent of the region's losses, compared to the UK's 27 percent. ...
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Euro May Fail to Benefit from EU Meeting- Pound to Rally
The Euro climbed to an overnight high of 1.2877 as European policy makers talked down the risk of a euro-area breakup, and the single currency may continue to consolidate ahead of the EU meeting on May 22 as the group continues to push for greater fiscal ...
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Marsh on Monday Dislocation warnings on euro economy markets
LONDON (MarketWatch) - For months, European central bankers have been warning of dislocation between financial markets and the real economy. No one has paid much notice, with equities proceeding to new highs on hopes of ever-more central banking easing, coinciding with a continuing run of poor data confirming the miserable state of the euro-area ...
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Net widens in crackdown on NGOs as Russia threatens pollster for political activity
MOSCOW - Russia's only independent polling agency said Monday it may have to close after prosecutors targeted it for "political activity" under a law spearheading President Vladimir Putin's crackdown on civil society. Levada Center published a letter, dated last week, from prosecutors who said its polls and publications are "aimed at shaping public opinion on government ...
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Accused American spy in Russia What was he really doing there
Russia shows accused U.S. spy heading home But there are still many questions about what he was really doing there. Five days after Russia ordered him to ...
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Germany insists on implementation plan for Kosovo agreement
Serbian Radical Party supporters burn a EU flag during protest against the visit by German Foreign Minister Guido Westerwelle to Serbia in Belgrade, Serbia, Monday, May 20, 2013. Several dozen Serb nationalists burned EU and Kosovo flags during a protest. Westerwelle is in the country for a two-day visit. (AP Photo/Darko ...
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Video American accused of spying leaves Russia
American Ryan Fogle, who was arrested in Russia on charges of spying for the U.S., was spotted at the Moscow airport. He is believed to be headed home. CBS News' Margaret Brennan ...
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Hot-air balloons collide in Turkey 1 killed 24 injured
Two hot air balloons collided and one crashed in the Cappadocia region of Turkey Monday, killing a Brazilian tourist and injuring 24 others, officials said. Officials said the balloons struck each other, then one fell the ground near the Ortahisar area of Urgup, Hurriyet Daily News reported. Cappadocia is a tourist destination in the central Turkish province of Nevsehir. Nevsehir Mayor Hasan ...
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UPDATE 1-Greeces Hellenic issues tender to buy Russian oil
Mon May 20, 2013 8:56am EDT (Adds details, effects of financial crisis on Hellenic) LONDON May 20 (Reuters) - Hellenic Petroleum, Greece's largest refiner, has issued a tender to buy an 80,000 tonne cargo of Russian Urals crude oil for early June delivery, a trading source said, the first in months as its finances improve. The tender was issued on Friday and closes today. The payment will be ...
Italy Digest
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Italy heavily involved in multi billion euro South Stream project
Italy’s natural gas company ENI is a major investor in the South Stream natural gas pipeline project, but the infrastructure development is being held up by a number of trans-national issues, which the Italian government believes is detrimental to the country’s energy security.
South Stream is the name of the transit pipeline that is intended to transport natural gas from Russia to Southern Europe, bypassing Belarus and the Ukraine. It has been highlighted by Prime Minister Berlusconi as important for the energy needs of Italy as it will eliminate the so-called ‘middle man’ and enhance the security of our energy supply, an issue that was underscored in 2005 when ongoing business disputes between Russia and the Ukraine spilled over into trans-national political issues. Read more
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