Edition:
United Kingdom

Francesco Guarascio

European lawmakers say NordLB rescue may involve state aid, urge EU probe

19 Feb 2019

BRUSSELS The recapitalisation of Germany's NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday.

European lawmakers say NordLB rescue may involve state aid, urge EU probe

19 Feb 2019

BRUSSELS, Feb 19 The recapitalisation of Germany's NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday.

EU adds Saudi Arabia to dirty-money blacklist, upsets UK, U.S.

14 Feb 2019

STRASBOURG The European Commission added Saudi Arabia, Panama and four U.S. territories to a blacklist of nations it considers a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday.

EU brings industry together to tackle dollar dominance in energy trade

13 Feb 2019

BRUSSELS/LONDON The European Union has convened a wide-ranging industrial group to work on promoting the euro and fighting the monopoly of the U.S. dollar in oil and commodities trading, reflecting broader tensions with Washington over trade and sanctions.

EU states water down pre-Brexit reform of money manager oversight

13 Feb 2019

BRUSSELS European Union states backed on Tuesday a watered-down reform of regional supervision of money managers and other financial firms, top EU officials said, in a move that could leave open critical regulatory loopholes before Brexit.

EU smaller states say no to end of veto on tax reforms

12 Feb 2019

BRUSSELS Finance ministers from smaller European Union states on Tuesday opposed a plan to limit governments' power to block EU reforms on tax matters, in a move that further reduces the chances of introducing an EU levy on large digital firms.

EU defends Italy's central bank in new spat with Rome

11 Feb 2019

BRUSSELS European Commission Vice President Valdis Dombrovskis called on Monday for the independence of financial supervisors to be preserved after the Italian government stepped up pressure on the country's central bank.

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