Esma probes Luxembourg regulators
Europe’s financial regulatory supervisor will examine claims that the CSSF failed to deal with a fund that violated local investment rules European companies…
German banks €14bn short of Basel III
Estimates suggest banks mainly improved capital ratios by spinning off unwanted assets and recalculating risk rather than raising fresh equity European companies…
UK urged to back gas-fired power
Big Six energy suppliers warn that without investment in gas-fired power, the UK faces a shortfall in generating capacity as old coal plants close European companies…
Rescue call for Euro Hawk
Northrop Grumman and EADS hope the German government will reconsider its decision to scrap its order for the reconnaissance drones over costs European companies…
Renault back electric cars despite setback
Carmaker affirms support after collapse of partner Better Place, which was developing a system for overcoming the handicap of long battery recharge times European companies…
Turbomeca’s lesson for French industry
French manufacturers are shackled by high wage costs, but this has not held back Turbomeca, which intends to keep hiring and expand product range European companies…
Club Med to be taken private in €540m deal
Friendly offer from Paris-based Axa Private Equity and China’s Fosun International values French holiday resort group at €540m European companies…
Husnu Ozyegin, Fiba Group
The Turkish billionaire has a kaleidoscopic portfolio, and has won big with an approach that emulates his small-stake poker strategy European companies…
Europe’s manufacturers caught in a vice
US shale boom, a cheaper yen and China moving up the production value chain could leave continent exposed, in spite of ‘pro-industry’ state policies European companies…
‘Special relationship’ faces trade strains
China’s move up the value chain into areas which Germany views as strategically important could pose the biggest challenge to harmonious trade relations European companies…
