Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
Tags: European Union
EU joins China, Germany and Norway about the danger of using Bitcoin
The European Union through its European Banking Authority expressed warning similar to China, Germany and Norway regarding the risks associated in using Bitcoins as payment.
EU negotiators reach deal on early losses for bank creditors
Bondholders and large depositors in a failing bank face taking losses from the start of 2016, European Union negotiators have agreed, a European Parliament lawmaker said on Wednesday.
Microsoft wins in court decision over Cisco challenging Skype takeover
The Luxembourg-based General Court declared on Wednesday that Cisco's antitrust concerns regarding Microsoft Corp's takeover of the largest Internet video and voice messaging provider Skype was unfounded.
EU rules on hedge short sell reporting irritate investors and hedge funds
Critics of the new rules requiring short-sellers to report their positions said the European Union's requirements had not made the hedge fund industry more competitive.
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According to China's Ministry of Commerce, investments from the European Union increased the most in the world's second largest economy in the first 10 months of the year.
French car maker Peugeot is looking into a possible sale of top vehicle interiors and emission control technology company Faurecia. Peugeot exiting Faurecia might be necessary to secure another government bailout.
Germany's coalition government formalized a measure to provide funds and expertise for a European bank to manage the loan agreements and if necessitated, closure of banks.
Standard & Poor's downgraded France's credit rating from AA+ to AA, citing President Francois Hollande's ineffective growth policies.
The Confederation of British Industry said they are campaigning for a reformed European Union for British interests.
A Reuters article urged the Greek government to put more effort into investment programs that would encourage more local startups.
Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
A rival of Google Inc was not satisfied with the search giant's latest proposal to address antitrust complaints.
The European Union and Turkey would be resuming accession talks on November 5 after a three-year postponement.
