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What lies ahead in jobless Europe
which by the way, is unbelievable. nobody would believe that growing up, because we think europe is over-regulated. our economy, the president right now is around the leaders of the g-8. from now it look like our economy is different. a stunning record last ...
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EU fines pharma firms over generics delay
BRUSSELS (AP) -- The European Union has fined Danish pharmaceuticals multinational Lundbeck and several other producers a combined 146 million euros ($195 million) for delaying the market entry of cheaper generic alternatives to a major antidepressant. The EU claimed that the companies sought to capitalize profit at the expense of patients. EU Antitrust Commissioner Joaquin Almunia said ...
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European car sales hit 20-year low for May
during the ceremonial inauguration Audi's new car manufacturing plant in Gyor, 124 kms west of Budapest, Hungary, Wednesday, June 12, 2013. (AP Photo/MTI, Szilard ...
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EU regulators open state aid investigation of SAS rescue
BRUSSELS (Reuters) - European regulators are investigating whether a 400-million-euro (342.0 million pounds) credit facility granted to Scandinavian airline SAS by Sweden, Denmark and Norway breached EU state aid rules. The loan was part of a rescue package last year for SAS, which is half owned by the governments of the three countries, to save it from bankruptcy. If the governments lose the ...
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European Drug Delivery Technology Market Worth $59.1 Billion by 2017
DALLAS, June 19, 2013 /PRNewswire/ -- The Report "European Drug Delivery TechnologyMarket(Metered Dose Inhalers, Needle-free Injectors, Auto-injectors, Nasal Sprays, Transdermal Patches, Nebulizers, Infusion Pumps, Drug Eluting Stents, Sustained Release, Ocular Implants) - Forecasts to 2017" analyzes and studies the major market drivers, restraints and opportunities in the following ...
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Yunnan Red anyone Chinese wine heads to Europe
A woman tastes wine during the Vinexpo trade fair in Bordeaux, southwestern France, on June 17, 2013. For years the Chinese have been buying up wine from Europe, but with domestic wine production predicted to overtake Australia and Chile by next year, Tiana Wu is hoping European drinkers are ready to be tempted by a glass of her "Yunnan ...
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Construction outlays rise in Europe
Construction spending rose modestly in the eurozone from March to April, the European Union's statistical office Eurostat said Wednesday. Spending rose 2 percent in the 17-member currency region and 0.9 percent in the 27-member European Union, Eurostat said. With the economy in a prolonged recession in Europe, construction spending had been on a five-month decline. In March, in a revised ...
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Greece talks with troika on technical pause
NEW YORK (MarketWatch) -- Talks between the Greek government and officials from the country's so-called troika of international lenders -- the European Commission, International Monetary Fund and European Central Bank -- on Greece's economic program have made "important progress" but will now pause to allow the "completion of technical work," the EC, IMF and ECB ...
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Russia needs to reclaim its digital sovereignty from US says MP
An internet cafe in Moscow. Foreign websites should all be forced to be subject to Russian laws, a United Russia MP says Photograph: Denis Sinyakov/AFP/Getty ...
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VOD Shows Steady Growth in France for 2013
PARIS – As physical DVD sales continue to fall in France, the VOD market is expected to grow 17 percent in 2013, according to a study released Wednesday by international market research firm GfK conducted for French television station ...
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4.3-magnitude earthquake destroys 500 homes in Russia
A 4.3-magnitude earthquake damaged more than 500 houses and brought coal mining to a standstill in Russia's Kemerovo Region Wednesday, officials said. The earthquake struck at 3 a.m. local time at a depth of about 6 miles, RIA Novosti reported. The U.S. Geological Survey said the magnitude of the quake was closer to 5.3. "The nature of the tremors is being clarified, the epicenter is ...
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Thousands flee ammunition blasts at central Russia testing site
Fire at a central Russian ammunition depot triggered explosions of stored artillery shells, forcing the evacuation of thousands of people, officials said. The explosions, in a worst-case scenario, could countinue for two or three days, one official said. The Russian Emergencies Ministry said 11 people were hospitalized and more than 6,000 residents were evacuated from their homes in a Samara ...
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European reform frozen as result of economic turmoil
Pension reform will remain in limbo if the economic crisis continues, warns Allianz Global Investors AG (AllianzGI). The asset management company has produced a paper examining the effects of the crisis, and found that government budget deficits could widen further and increase debt burdens, which in turn will increase the need for pension reforms. AllianzGI says some governments are ...
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New platform launch brings pan-European provision one step closer
IThe first multi-client cross-border asset pooling platform has been launched by AEGON and Citi, developed with TKP investments, with total assets invested of more than €9bn. The asset pooling platform uses tax transparent investment funds under a European passport (UCITS) to enable AEGON Global Pensions’ multinational clients to consolidate the management, investment and ...
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SEI launches engagement service for European clients
UK and European clients will now benefit from new corporate governance, social and environmental engagement service from fiduciary management provider SEI, in association with F&C Management Limited, for its Dublin-registered equity funds. The service, SEI said, highlights the organisation’s position as the only fiduciary manager in Europe to incorporate engagement for ...
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Significant variations in European countries’ reactions to global downturn
European countries’ pension markets have experienced mixed reactions to the global crisis, although UK businesses are at a ‘severe competitive disadvantage’ in Europe due to weaknesses in private and state pension systems, says Aon Consulting. The employee risk and benefits management firm has produced a report detailing the state of the pensions markets in individual ...
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Dividend forecasts should lead to recovery in Continental Europe
Continental Europe is showing signs of a recovery with increases in European stocks dividend forecasts and robust corporate balance sheets, says Ignis Asset Management. Olly Russ, manager of the top-quartile Ignis Argonaut European Income Fund, is confident that current conditions are favouring Continental European equity income stocks, but warned that dividends will remain under ...
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Aviva strengthens Europe position
ING Group’s holding company in Russia and non-state pension fund business, which had assets under management of £30.4million at 31 December 2008, have been acquired by Aviva plc. The pension fund provides pensions to large multi-national corporate clients, and has 17,000 members. The holding company had £0.8million in AUM at 31 December 2008. The acquisition places ...
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BNY Mellon expands across Europe
BNY Mellon Asset Management has opened an office in Paris as part of its plans to branch out within Europe. The global asset management arm of The Bank of New York Mellon Corporation will be led by Anne-Laure Frischlander, managing director and head of BNY Mellon Asset Management’s French operations, with a five-strong sales team. The new venture will service current clients in ...
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iShares fixed income fund hits €2bn
iShares has announced that investor demand for its iShares € Corporate Bond fund has surpassed €2bn in assets under management (AUM). The fund, a fixed income fund which provides exposure to Euro denominated investment grade corporate bonds, aims to track the Markit iBoxx Euro Liquid Corporates index, which has exposure to industries and a market capitalisation of over ...
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Standard Life’s Europe results drop
Standard Life plc’s new business results for 2008 show a drop in worldwide life and pensions sales of six per cent to £15.6bn. Total net flows across the worldwide life and pensions operations were down from £2.8bn in 2007 to £2.4bn in 2008. However, in Europe, net flows were 13 per cent higher at £620million in 2008 than in 2007, at £548million. German ...
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European Research Strategy launched into market
A European Research Strategy for professional investors has been launched by Janus Capital International Limited, the international arm of Janus Capital Group Inc. The Strategy will be managed by the Janus research team, and will be overseen by director of research Jim Goff. The Strategy, which sis global, is an analyst-driven, team refined strategy with holdings and weightings in each ...
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iShares Europe enjoys record 2008 inflows
iShares Europe has reported a record year of net inflows into its European Exchange Traded Funds (ETF), securing €17.7bn in net new ETF assets at the end of 2008. AT the end of 2007, this figure stood at €5.8bn, and therefore iShares has seen a threefold increase in new money flowing into their ETFs. Globally, the business has had a record year, with net inflows of $89bn in ...
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European Commission closes Solvency II consultation
The European Commission’s (EC) consultation on its document on Solvency II rules for pension schemes has closed. There had been fears that the consultations could be cause for serious concerns in the UK, but consulting actuaries Punter Southall says that the scope of the consultation shows that the EC is taking a pragmatic and cautious approach. ';We welcome the fact that ...
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Europe to become main driver in RI market
Responsible Investment (RI) will become ‘mainstream’ by 2015 with 20 per cent of pension funds’ assets under management invested in this way, according to a report published jointly by Dutch asset manager Robeco and global consulting firm Booz & Company. The companies predict total revenue of approximately US$50bn by 2015. ';We expect the RI market to become ...
Denmark Discussion
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Denmark's Russian relationship
Danish relations with Russia have existed for several centuries, with the first recorded diplomatic relations dating from 1493, when King Hans and Ivan III signed a treaty aimed at planning an offensive against Sweden and Lithuania. Since then the relations between the two countries have grown closer, frayed, become tense, reconciled and stagnated at different points throughout the history of their respective political development.
Denmark and Russia have always been economically and politically important to one another though. Denmark, since the end of the Cold War, has acted as a bridge between the east and west, and during much of the tumultuous politics of the post-war and Cold War period, remained largely neutral in many affairs concerning Russia. In 1939 the country refused to support measures to expel Russia from the then-League of Nations, and resisted attempts by Nordic countries to set up a defense alliance for the region. Read more
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