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Business - EU regulators to probe extra state aid given to two Latvian banks


European Union regulators opened on Wednesday an investigation into state aid granted to Latvian Banks AS Parex banka and Citadele banka, saying the measure may have violated EU state aid rules. The European Commission, tasked with ensuring a level playing field in the 28-country bloc, said Latvian authorities may also have failed to carry out the banks` restructuring in line with their pledge to the EU watchdog. Parex banka was split into a good bank named Citadele banka and a bad bank called Parex, which was later renamed Reverta, in 2010 under an overhaul plan agreed with the Commission in return for approving its bailout. `The Commission has concerns that the additional measures were not limited to the minimum necessary,` the EU competition authority said in a statement.


Wednesday, April 16, 2014  11:01

NYTimes

Europe - Social Messages on Athenian Walls


The anguish of the times has increasingly crept into the elaborate stencil work and multitude of large, colorful murals found all over the city.


Wednesday, April 16, 2014  05:19

Yahoo

World - Report finds faults in US housing effort in Haiti


PORT-AU-PRINCE, Haiti (AP) — An effort by Washington to build housing for Haitians in the aftermath of the 2010 earthquake has fallen short and exceeded costs, a U.S. government report said Tuesday.


Wednesday, April 16, 2014  01:05

CNN

Top Stories - Anti-Barbie doll


Doll with `real` proportions gets crowd-funded in 24 hours. WTAE`s Wendy Bell reports.


Wednesday, April 16, 2014  03:20

NYTimes

Europe - Political and Social Messages, Sprayed on Athenian Walls


The anguish of the times has increasingly crept into the elaborate stencil work and multitude of large, colorful murals found all over the city.


Wednesday, April 16, 2014  03:55

NYTimes

Europe - Troubled Italian Bank May Seek Larger Share Sale


Monte dei Paschi will try to raise 5 billion euros instead of the expected €3 billion, Italian news reports said, sending shares lower.


Tuesday, April 15, 2014  14:20

NYTimes

Europe - European Parliament Approves Laws on Banking Overhaul


The directives come after the Continent`s debt crisis led Britain, Portugal and other countries to use public funds to bail out troubled lenders.


Tuesday, April 15, 2014  12:57

NYTimes

Europe - Greece Trumpets Return to International Bond Market


As investors flocked to its five-year debt offering, Athens said it was a sign that the country was succeeding in turning its economy around.


Thursday, April 10, 2014  14:52

NYTimes

Europe - Greece Trumpets its Return to International Bond Market


As investors flocked to its five-year debt offering, Athens said it was a sign that the country was succeeding in turning its economy around.


Thursday, April 10, 2014  13:53

Yahoo

World - French tycoon Dassault investigated for vote-rigging


French tycoon and politician Serge Dassault was placed under formal investigation on Thursday over his alleged role in a vote-rigging scandal in the Paris suburb where he formerly served as the center-right mayor for 14 years. Dassault is the head of family-owned Groupe Dassault Holding, which controls assets ranging from aeronautics group Dassault Aviation to the right-leaning Le Figaro newspaper, as well as stakes in several major defense firms. An investigating magistrate in Paris placed the 88-year-old, also a senator for the center-right UMP party, under formal investigation over suspicions he played a role in vote-rigging, corruption, money-laundering and misuse of public funds from 2008 to 2010 in the suburb of Corbeil-Essonnes where he served as mayor from 1995 to 2009. Paris prosecutors opened an initial inquiry in March to follow up on findings from a 2010 investigation following the discovery of 2 million euros ($2.75 million) in suspicious money transfers made while Dassault was mayor.


Thursday, April 10, 2014  19:24

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