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  • October 31, 2014
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  1. News - World - FRANCE

    Struggling Euro Disney gets one billion euro cash injection

    Posted Oct 07th 2014, 11:08pm by GDN

    ... The Guardian in Paris Cash-strapped Euro Disney forced to ask for €1bn rescue package from Walt Disney Company as visitor numbers continue on a dramatic slide Harsh reality for magic ... backer, the Walt Disney Company, is stepping in to save the park's parent business Euro Disney. Euro Disney's finance director, Mark Stead, said the company's €1.75 billion debt ...

    http://www.scmp.com/news/world/article/1611539/struggling-euro-disney-gets-one-billion-euro-cash-injection
  2. Business - Banking & Finance - BANKING

    Italy fares worst as 25 major euro zone banks fail ECB health test

    Posted Oct 27th 2014, 05:19am by Reuters

    ... of the euro zone's 130 biggest banks have failed a landmark health check and ended last year with a collective capital shortfall of €25 billion (HK$243 billion), the European Central Bank said ... the EU to submit to theoretical shocks such as a three-year recession and said 24 flunked in total. The ECB's test included a higher number in the euro zone as it also included subsidiaries ...

    http://www.scmp.com/business/banking-finance/article/1625276/italy-fares-worst-25-major-euro-zone-banks-fail-ecb-health
  3. News - World - EUROPEAN UNION

    'We won’t pay,' furious Cameron tells EU over surprise 2.1-billion-euro bill

    Posted Oct 25th 2014, 03:02pm by Reuters in Brussels

    ... technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro bill on Friday as EU leaders ordered an urgent review of the calculations used. Eurosceptics at home branded ... economic growth. The leaders also came up with 1 billion euros (HK$9.8 billion) of cash commitments to fight the Ebola outbreak in West Africa. After an EU deal to curb climate change overnight, ...

    http://www.scmp.com/news/world/article/1624351/we-wont-pay-furious-cameron-tells-eu-over-surprise-21-billion-euro-bill
  4. Business - Banking & Finance - BRITAIN

    Minutes show BOE fears over euro area

    Posted Oct 23rd 2014, 06:25am by Bloomberg

    ... Bloomberg in London Minutes show BOE fears over euro area Mark Carney's majority at the Bank of England hardened its view on interest rates this month, saying increased risks from the euro area meant it was not yet time to begin raising borrowing costs. Minutes of the monetary policy committee's October meeting, published yesterday, showed officials voted seven to two ...

    http://www.scmp.com/business/banking-finance/article/1622365/minutes-show-boe-fears-over-euro-area
  5. Business - Economy - EURO ZONE

    Euro zone back in the firing line over low inflation and stagnating growth

    Posted Oct 17th 2014, 05:29am by Reuters

    ... Reuters in Paris Euro zone back in firing line over low inflation, growth After a two-year break, the euro zone is back in the financial markets' firing line due to stagnating growth, low inflation, budget problems in France and Italy and rising political risk in Greece, where the bloc's debt crisis began in 2009. This is not euro crisis 2.0. At least not for now. ...

    http://www.scmp.com/business/economy/article/1618042/euro-zone-back-firing-line-over-low-inflation-and-stagnating-growth
  6. Sport - SOCCER

    Albanian prime minister’s brother ‘arrested’ after violence stops Euro 2016 qualifier

    Posted Oct 15th 2014, 10:35am by Reuters

    ... Agencies in Belgrade The brother of Albania’s prime minister was arrested in Belgrade on Tuesday night, accused of starting the trouble that caused the abandonment of the Euro 2016 qualifier between Serbia and Albania, Serbian state television RTS reported. RTS cited the Serbian Interior Ministry as saying Olsi Rama controlled a drone, from his seat in an executive box ...

    http://www.scmp.com/sport/article/1616798/albanian-prime-ministers-brother-arrested-after-violence-stops-euro-2016
  7. Sport - Soccer

    Iceland stun the Netherlands as Wales pip Cyprus in Euro 2016 qualifying

    Posted Oct 14th 2014, 10:33am by AFP

    ... Agence France-Presse World Cup semi-finalists the Netherlands’ hopes of qualifying for Euro 2016 took another blow on Monday as a Gylfi Sigurdsson double gave Iceland a 2-0 win over ... in the Euro 2008 qualifiers. Italy, who had eked out a 2-1 win over Azerbaijan last Friday, relied on a goal from Graziano Pelle on his debut to scrape a 1-0 victory over minnows Malta. When I saw ...

    http://www.scmp.com/sport/soccer/article/1616090/iceland-stun-netherlands-wales-pip-cyprus-euro-2016-qualifying
  8. Sport - Soccer - EURO 2016

    No easy games in Euro qualifiers, insists Roy Hodgson after 5-0 England win

    Posted Oct 10th 2014, 09:40am

    ... Agence France-Presse Shocks suffered by Spain and Portugal shows we can't take anything for granted, says manager England manager Roy Hodgson warned of hidden dangers in Euro 2016 qualifying after his side galvanised their position atop Group E with a straightforward 5-0 win over San Marino. England top the group on goal difference from Lithuania after Thursday’s stroll ...

    http://www.scmp.com/sport/soccer/article/1613473/no-easy-games-europe-qualification-insists-england-boss-after-5-0-win
  9. Business - Economy - MACROSCOPE

    The euro is a broken currency and possibly beyond repair

    Posted Oct 06th 2014, 04:10am by DAVID BROWN

    ... David Brown Weakening of euro against the US dollar is a symptom of fiscal and monetary failures, with much of the blame lying at the door of the ECB The euro is a broken currency and possibly beyond repair The euro's survival hangs in the balance as worries about weakening fundamentals that have dogged private sector investors since the onset of the global financial crisis ...

    http://www.scmp.com/business/economy/article/1610110/euro-broken-currency-and-possibly-beyond-repair
  10. Business - Banking & Finance - CURRENCIES

    Mainland Chinese banks eye Luxembourg as euro zone hub

    Posted Oct 06th 2014, 04:10am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Yuan loan portfolios in the grand duchy up 35pc from year earlier to 72.8b yuan in first half Mainland banks eye Luxembourgas euro hub Luxembourg is rapidly growing as a channel for Chinese financing and investments flowing into the European Union. China's direct trading of its currency with the euro, which began on September 30, ...

    http://www.scmp.com/business/banking-finance/article/1610250/mainland-chinese-banks-eye-luxembourg-euro-zone-hub

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