LONDON/BRUSSELS, Sept 25 (Reuters) – A row over how strictly
new rules on bankers pay are enforced in Britain and across
Europe flared on Friday after the European Union banking
regulator was reported to be preparing to clamp down on
allowances being paid to staff.
The European Banking Authority (EBA), which has been
investigating such allowances, is poised to take a much stricter
stance than British regulators on how fixed pay is defined, the
Financial Times reported, citing two sources familiar with draft
recommendations made by the EBA. (on.ft.com/1vjmB9S)
BRUSSELS/OTTAWA (Reuters) – Germany’s rejection of part of a multibillion-dollar trade deal between the European Union and Canada threatens to derail the agreement, in a potentially embarrassing re-run of a breakdown a year ago.
On Friday, Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso are due to announce in Ottawa the end of five years of negotiations on the trade accord, with the finalization of a 1,500-page text that its architects say should increase two-way trade by a fifth, to 26 billion euros ($33 billion) a year.
BRUSSELS (Reuters) – The European Union is likely to keep sanctions on Russia in place for now when ambassadors meet next week to assess progress in implementing Ukraine’s peace process, diplomats said.
When the EU adopted its latest sanctions on Russia over its involvement in the Ukraine conflict earlier this month, EU ambassadors agreed they would review the implementation of the Ukraine peace plan by the end of September.
BRUSSELS, Sept 23 (Reuters) – Moscow will curtail Ukraine’s
access to vital Russian markets if Kiev implements any part of a
trade agreement with the European Union, President Vladimir
Putin warned in a letter, toughening his stance on a deal at the
centre of East-West tensions.
In a letter to Ukrainian President Petro Poroshenko, seen by
Reuters on Tuesday, Putin warned that even changing national
legislation to prepare for the EU-Ukraine trade deal, known as
the association agreement, would trigger an immediate response
BRUSSELS, Sept 21 (Reuters) – Scotland’s rejection of
independence and a lack of any fireworks at a Fed meeting last
week have calmed investors enough to shift the focus back to
what some call the “Great Stagnation”, and how to avoid it.
The Group of 20 leading nations, meeting at the weekend,
said they were tantalisingly close to adding an extra $2
trillion to the global economy and creating millions of new
BRUSSELS (Reuters) – Russia has demanded changes to a free-trade deal between Ukraine and the European Union, underlining that Moscow was not satisfied by a last-minute concession from the EU to delay implementing the pact at the heart of the conflict in Ukraine.
In a letter to the EU trade commissioner, seen by Reuters on Thursday, Economy Minister Alexei Ulyukayev said Moscow wanted three-way negotiations to amend the EU’s treaty with Kiev, which Russia says will hurt its own economy.
MILAN Italy (Reuters) – The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, considering options from a pan-European capital market to a huge investment fund.
With Europe’s economy struggling to recover from the worst financial crisis in a generation, EU finance ministers tasked the European Commission, the EU executive, and the European Investment Bank (EIB) to draw up a list of projects that would create growth and decide how to finance them.