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ArcelorMittal plans steel plant in Iraq

AFP Global Edition 3 days ago

The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen ...

Belgium EU Eurogroup

AP News 4 days ago

Greek Finance Minister Giorgos Papakonstantinou, right, talks with Luxembourg's Prime Minister and Chairman of the Eurogroup Jean Claude Juncker at the start of a Eurogroup meeting in Brussels, Monday, March 15, 2010. Eurozone finance ministers meet to check whether Greece's austerity program ...

Europe targets credit default swaps traders

AFP Global Edition 10 days ago

Europe turned its sights on Tuesday on the controversial trade in insurance against sovereign loan defaults, the latest consequence to arise from market panic over spiralling Greek debts. European Commission chief Jose Manuel Barroso told the EU parliament in Strasbourg that commission ...

Factories near pollution may be held responsible

AFP Global Edition 10 days ago

Factories located close to polluted areas may be deemed responsible and made to carry out remedial measures, a European court ruled Tuesday. The court in Luxembourg ruled that national authorities have the right, if they have "plausible evidence" to presume "that there ...

Luxembourg Greece Financial Crisis

AP News 14 days ago

Greek Prime Minister George Papandreou, center right, embraces Luxembourg's Prime Minister Jean Claude Juncker, center facing camera, after a meeting at the prime ministers office in Luxembourg, Friday March 5, 2010. Greek Prime Minister George Papandreou met with Jean Claude Juncker, the ...

APTOPIX Luxembourg Greece Financial Crisis

AP News 14 days ago

Greek Prime Minister George Papandreou, right, shares a word with Luxembourg's Prime Minister Jean Claude Juncker at the prime ministers office in Luxembourg, Friday March 5, 2010. Greek Prime Minister George Papandreou met with Jean Claude Juncker, the head of the eurogroup, ...

Madoff ruling may save UBS, HSBC from mass claims

Reuters US Online Report Top News 15 days ago

LUXEMBOURG/ZURICH (Reuters) -A court ruling on Thursday is likely to mean UBS avoids direct compensation claims from investors who lost money to fraudster Bernard Madoff in a fund the Swiss bank had set up, and may save HSBC from similar suits. The ...

Dexia gets state guarantees for borrowing: source

AFP Global Edition 19 days ago

<div><p>The Belgian, French and Luxembourg governments have agreed to guarantee struggling bank Dexia's borrowing on the market, a sources close to the French and Luxembourg governments said Thursday.</p><p>"There will be a public guarantee from the French, Belgian and Luxembourg states on a ...

Dexia gets state guarantees for borrowing

AFP Global Edition 19 days ago

<div><p>The Belgian, French and Luxembourg governments rode on Thursday to the rescue of struggling bank Dexia for the second time in less than two weeks, pledging to guarantee money it borrows on the markets.</p><p>Days after already partially nationalising the group, the three ...

THE POLITICS OF THE FINANCIAL CRISIS

BusinessWeek 19 days ago

<div><h1> THE POLITICS OF THE FINANCIAL CRISIS </h1><p>In the blinding blizzard of numbers that blew through the media this week, two stood out as especially scary: 133 and 95. That was the count of House Republicans and Democrats, respectively, who on Sept. ...

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