Latest Europe News
RSS-
BNP Paribas strengthens European presence
BNP Paribas Securities Services (BNP Paribas) has entered the Hungarian and Polish markets with the settlement of its first client transactions in each country. Earlier this year branches were opened in Budapest and Warsaw, and BNP Paribas now offers broker-dealers, global custodians and investment banks a full local clearing, settlement and custody solution in these countries. BNP ...
-
Mirae breaks into European market
Mirae Asset Global Investments (Mirae Asset) has launched its business in Europe with the appointment of two senior executives to its London office. The Asian asset-management company has appointed Hendrik Cosijn von Ripperda as head of European distribution, and Andrew Lawley as head of UK distribution and global consultant ...
-
SWIP makes in-roads into Spain
Scottish Widows Investment Partnership (SWIP) has strengthened its foundations in the Spanish market. SWIP’s Spanish team, based in Madrid and led by director of institutional sales Carlos Costales, will be supported by Christina Ponce, business development director at the London office. The Spanish branch of SWIP will offer, among other products, the SWIP European Fund, which ...
More Europe News
RSS-
Fidelity International Real Estate Business expands into Germany
Fidelity International’s Real Estate Business is planning to expand into the Continental European market with the opening of a dedicated Fidelity Real Estate Business office in Munich. The new office, which is currently going through its regulatory notifications, will provide a strategic base for Fidelity’s director of European Real Estate, Keith Sutton. From here he will ...
-
Effective governance structures key to European pension funds
European pension funds are paying more attention to implementing effective governance structures, according to a survey by Mercer’s investment consulting business. The annual survey, which covered more than 1,100 European pension funds with assets of €538bn, revealed that trustees are making changes to ensure investment objectives are met and market opportunities are seized. ...
-
Pensions barometer uncovers Europe’s best and worst
Denmark has come top for the second year running in a report ranking European countries according to their success at addressing pension scheme risk. The third annual Aon European Pensions Barometer, which analyses 25 of the 27 member states of the European Union (EU), rates countries by assessing four key areas of pension risks: demographics; adequacy of State provision; affordability ...
-
Swedens AP funds update
Sweden’s AP1 – one of the buffer funds assigned by the Swedish Parliament to manage the Swedish people’s pension funds – has posted strong performance figures in both absolute and relative terms for the first half of 2007. The Forsta AP-fonden, which manages assets with a value of SEK 221bn, reported a total return on net assets of 6.3%, which is equal to SEK 1.3 bn ...
-
Flexibility is way forward for pan-European pensions
The European Financial Services Round Table (EFR) has issued a paper in which it advocates a framework for Pan-European voluntary pension savings providing more flexibility and choice than exists today – with proposals on how to overcome some of the obstacles it currently ...
-
European team set up to handle risk issues
Mercer Human Resource Consulting has set up a specialist European Financial Strategy Group to address the demand for integrated, multi-disciplinary services in pensions risk ...
-
Pension reform leads to pension cuts across Europe
Pension reforms in Europe and across the globe have resulted in a significant reduction in pension promises, a new study by the Organisation for Economic Co-operation and Development (OECD) has indicated. The average pension promise in the 16 OECD countries covered by the Pensions at a Glance 2007 study* has been cut by 22% (for women the reduction was 25%) because of reforms, and in only ...
-
Leading Dutch funds allocate €500m to clean technology
ABP and PGGM have re-inforced their commitment to sustainable investment with a joint mandate to invest in innovative, clean technology. The two largest pension funds in the Netherlands have appointed AlpInvest* to invest €500 million in innovative, clean technology in one of the largest mandates ever to be placed on the international private equity market. This is the first time ...
-
Friends Provident targets Germany
UK life and pensions provider Friends Provident has entered the German market as part of a long-term development of business in continental Europe. Aiming to bring innovation and flexibility to Germany, the company has partnered with distribution and service business, Financial Partners Business (fpb) AG, to launch the Friends Plan range of pensions, which can be used for personal and ...
-
Hewitt boosts European foothold
Hewitt Associates has enhanced its European presence by opening offices in both Russia and Italy in the last six weeks. The global human resources services company opened its first office in Russia, located in Moscow, where staff will focus on HR consulting services and executive compensation, and will also lead and coordinate Hewitt’s consulting work within the Commonwealth of ...
-
Campaign for a Commercial-Free Childhood CCFC Praises France Baby TV Ban Urges FTC Action in the US
CCFC Praises France Baby TV Ban; Urges FTC Action in the US WASHINGTON - August 19 - Yesterday, ...
-
CIVIC Georgia After Dropping Cluster Bombs Russia Has Responsibility to Help Civilians
Georgia: After Dropping Cluster Bombs, Russia Has Responsibility to Help Civilians WASHINGTON - August 15 - Human Rights Watch reported today that on August 12 Russian forces used cluster bombs in two separate attacks on Georgian towns, killing a total of 11 civilians and injuring dozens more. Campaign for Innocent Victims in Conflict (CIVIC) deplored the use of the indiscriminate weapon and ...
-
5.3-magnitude quake hits southern Italy USGS
A 5.3-magnitude earthquake jolted southern Italy in the early hours of Friday, the U.S. Geological Survey said. The quake occurred at 1:05 a.m. Friday (2305 GMT Thursday) with its epicenter at a depth of 3.80 km. So far, there has been no report of casualties or damage from the ...
-
At least one dead in roadside blast in Russias N.Ossetia
At least one person has been killed and several injured in a suicide attack on a road patrol post in the Russian republic of North Ossetia, Interfax reports. According to sources the incident occurred when local law enforcement officers pulled over a vehicle for inspection. As the officer approached the car, an explosive device was reportedly detonated. Authorities are at the scene, three ...
-
US-funded radio service taken off the air in Russia
By Mei Jingya, Sina English Radio Liberty, the U.S.-funded broadcaster, is being forced to shut down its AM radio station in Moscow, but plans to operate under the same name as an online service. When the Cold War was at its peak, Radio Liberty, transmitted on short wave, was founded in the 1950s to broadcast American views into the former Soviet Union, which did not welcome the broadcast. ...
-
Russia attempts to free abducted sailors in Nigeria
MOSCOW, Oct. 17 (Xinhua) -- Moscow was making every effort to free the six Russian sailors captured by pirates in Nigeria, the Russian Foreign Ministry said Wednesday. "Russian Foreign Ministry and Russian Embassy to Nigeria, with a close contact with the ship owner and the Nigerian authorities, are taking all necessary measures for sooner release of the abducted seamen and to secure their ...
-
No casualties in Russias market fire
A fire broke out at one of Moscow's biggest art and flea markets in a suburb around midnight Tuesday and severely damaged a building, the Emergency Situations Ministry said Wednesday. The blaze engulfed some 1,000 square meters of a three-story wooden building at the Izmailovsky market, Itar-Tass news agency quoted the authorities as saying. Since the market was not open for business at ...
-
Chopper crashes in Russia pilot killed
A helicopter fell in the Russian Krasnoyarsk region after hitting an obstacle with its tail, the region's main emergency agency said today. The source has said the Mi-8 chopper bound for the Yukorchen-52 platform hit its tail broom on some obstacle and crashed while landing. It was reported earlier that the aircraft had a hard landing in the Krasnoyarsk region, killing the pilot and ...
-
Chinese gangs busted in Spain
By Yu Runze, Sina English At least 74 people have been arrested by the Spanish police in a broad operation to break up Chinese gangs that are engaging in money laundering and fiscal fraud. The operation, in which more than 300 officers participated, was centered mainly in Madrid and Barcelona, but law enforcement authorities also acted in other Spanish provinces to serve 108 arrest warrants. ...
-
Austria to exchange tax information with EU partners from 2015
Austria will share tax information with its European Union (EU) partners from 2015 in order to fight against cross-border tax evasion, the Austrian cabinet decided on Tuesday. Under the plan which puts Austria in line with EU requirements, tax assessments will begin in 2014 while the automatic exchange of tax information will follow the year after. The exchanges of information will be based on ...
-
Russia has 3 to 5 million illegal immigrants
By Mei Jingya, Sina English The number of illegal immigrants in Russia ranges from 3 to 5 million people, RIA Novosti reported Monday, quoting the deputy head of the Federal Migration Service of Russia. "These are people who have exceeded the period of stay in Russia and most probably work illegally," Ekaterina Yegorova said at a press conference on Monday. She added that this ...
-
Sweden to extradite man suspected of killing Russian girlfriend to Norway
A 45-year-old Swede, suspected of abducting and killing his former Russian girlfriend, will be handed over to the Norwegian police today, a police spokesperson has told Itar-Tass. Sweden's Kronoberg County police spokesperson Robert Loeffel said they expected Norwegian police to arrive soon. Mr. Loeffel didn't disclose details of the investigation but said the suspect had lived in ...
Italy Digest
-
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
News from around our Network
