The Eurozone’s ongoing debt crisis has pushed mergers and securities fees to a nine-year low, and investment bankers in the region are bracing themselves for yet another bout of job cuts. According to the Daily Star, “Credit Suisse Group AG and UBS AG, Switzerland’s biggest lenders, face the most pressure to boost efficiency as that…
Author Archives: Derrik Brunner
European Referendum Results Relieve Europe
Europe’s recent referendum result has been met with general approval; with German chancellor Angela Merkel saying it proves “good news for Ireland and for Europe.” She explained that it boosts the process of establishing a permanent stability union in Europe, though the long-term outcome will not be apparent overnight. The Irish votes revealed their willingness…
Danish Prime Minister Calls for More Green Energy Investments, Not Less
Experts in wind-power as well as politicians throughout Europe aim to boost green energy by encouraging clearer regulations and increased investment despite the region’s continuous struggle with the debt crisis. Danish Prime Minister Helle Thorning-Schmidt opened this year’s European Wind Energy Association event, explaining that wind power should be a primary focus as a source…
Dutch Government Opposes EU Tax Plan
The Dutch government is asking the European Commission to look at other ideas rather than its proposed tax on financial trades. The Netherlands Bureau for Economic Policy Analysis, the Dutch financial markets regulator AFM and the Dutch central bank have all concluded that the tax would hurt their economy. As Dutch Finance Minister Jan Kees…
China Invests in Europe Bailout Fund
Good news for Europe as China decides to invest in the region’s bailout funds and maintain its holdings of euro assets. As a result, currency gains have already become apparent, while Asian stocks also increase thanks to a more optimistic outlook. “China will always adhere to the principle of holding assets of EU sovereign debt,”…
Russia-Cyprus Ties Boost Economies
According to Russian Ambassador Vyacheslav Shumskiy, Russia and Cyprus have managed to restore pre-crisis trade and economic cooperation levels. Last year, the countries’ economic ties reached $1.3 billion. Over the past 20 years, “the gross investment volume between our countries reached one hundred billion dollars and this is a very impressive figure,” the ambassador said…
Robert Horrocks on Greece’s Bailout and Global Economy
Yesterday, Greece missed yet another deadline for a new bailout, boosting investors’ concerns across the globe as the chances of EU-IMF aid fade. Still, Chief Investment Officer of Matthews Asia Robert Horrocks believes Greece should be treated like a “sideshow,” claiming that a default would not have such a dramatic effect on global economy. “We…
European Investment Bank Gives $1.4 Million to Geothermal Energy in Caribbean
Amid debt crisis talks and concerns of a splitting Eurozone, the European Investment Bank has announced that it will donate $1.4 million in geothermal energy grants in the Caribbean. The project hopes to replace fossil fuels with geothermal renewable energy. The funds will help boost preparations for testing of potential electricity generation as well as…
Luxembourg Expects Large Investments in 2012, Strengthens Ties with Dubai
Luxembourg officials recently shared that the country plans to draw significant investments from the Gulf region and the UAE. “Europe has its share of crises. It is enormous in nature, but it is too early to write it off as an investment destination. The continent has huge investment opportunities. I am sure a number of…
Asian Businesses Eye Investment Opportunities in Europe
A recent survey has revealed that unlike North American investors, Asian businesses see strong investment potential in European corporations as the Eurozone debt crisis exposes unique opportunities. In fact, 45% of Asian business executives revealed plans to invest in 2012, while three quarters agreed there is potential. U.S. and Canadian leaders, on the other hand,…
