The World Bank’s arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina’s expropriation of the company’s former energy affiliate YPF.
The World Bank’s arbitration unit has agreed to hear a complaint by Spanish oil firm Repsol over Argentina’s expropriation of the company’s former energy affiliate YPF.
BRUSSELS - The European Commission cleared restructuring plans and aid for four small Spanish banks on Thursday as part of efforts to stabilise the country’s stricken banking system.
The Bank of Japan on Thursday ramped up its offensive to power the world’s third-largest economy as it faces heavy pressure from the country’s incoming government to loosen its monetary policy.
Deutsche Bank AG co-chief executive Juergen Fitschen has acknowledged calling a senior German politician following a raid at the bank’s offices last week, and apologized in a newspaper interview printed Wednesday if the move had left the wrong impression.
Swiss banking giant UBS said on Wednesday it had agreed to pay about $1.5 billion to British, US and Swiss regulators to settle allegations it manipulated LIBOR interest rates.
India’s central bank kept its benchmark interest rate on hold Tuesday due to inflation worries, but signalled it may cut borrowing costs soon as it shifts focus to boosting a slowing economy.
Spain’s “bad bank”, key to cleaning up the bad-loan ridden financial system, said Tuesday it had met its first money-raising target by luring investors including Deutsche Bank of Germany, British bank Barclays and French insurer Axa.
The Swedish central bank on Tuesday cut its key interest rate by a quarter point to 1.0 percent, in line with expectations, citing sluggish growth in the eurozone.
Japanese shares outperformed all others Monday amid hopes that the new government will soon enact fresh stimulus measures.
An impasse over plans for the European Central Bank to supervise banks, the European Union’s most ambitious financial reform, takes centre stage at a finance ministers’ meeting on Wednesday.