flash-finance

European taxpayers are losing almost €70 million ($80 million) every day. That is the cost of each nation issuing its own debt, compared with what Europe could save with a common safe asset at full scale. It is money that could otherwise be spent on making the continent more competitive.

Turkey’s Vestel Elektronik has hired advisers Houlihan Lokey for restructuring talks with bondholders, at the same time as the struggling electronics manufacturer renegotiates loans with local banks.

As the White House keeps roiling the topmost organization in the American espionage hierarchy, questions have resurfaced that are as old — 25 years — as the Office of the Director of National Intelligence itself.

While oil prices have fallen, the cost of refined products like gasoline and diesel are proving to be much stickier.

The acquisition is expected to add a scaled, fully regulated European insurance platform powering over 800,000 policies annually, with approximately $18–20 million in revenue and approximately $1.6–2 million in EBITDA

ECB reports on progress towards euro adoption

ECB to integrate non-financial credit claim portfolios into general collateral framework, phasing out temporary measures

Honeywell Technologies raises profit guidance after one-for-two reverse stock split Reuters

Bank of Korea Governor Shin Hyun Song told parliament that policy rates will need to rise at an appropriate time, reinforcing the bank’s hawkish stance just a week before a widely expected rate hike.

Oil rises after US launches fresh strikes against Iran Reuters