finance

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that the German-based financial institution misled investors who bought mortgage-...

Australian immigration spent billions without records, audit shows

Australia's immigration department cannot show a paper trail for payments worth 1.1 billion Australian dollars (820 million US dollars) for contracts related to the offshore detention centres on...

Moldova to receive 100 million euros of EU aid

Moldova will receive up to 100 million euros (106 million dollars) of EU assistance to meet its most pressing financing needs, the European Commission said Friday.

HT acquisition prompts ZSE indices to rise to record high since mid-2011

The news that the Croatian telecommunications company Hrvatski Telekom (HT) signed an agreement on Tuesday to buy 76.53 percent of shares in Montenegro's Crnogorski Telekom from Hungary's Magyar...

Crobex index reaches highest level since March 2013

The main Zagreb Stock Exchange indices jumped on Tuesday, the Crobex by 1.67% to 2,025.19 points, its highest level since 23 March 2013, when it stood at 2,025.28 points, and the first time it ...

Croatia's gross foreign debt cut by 9.4% to 42.4 bln euro

The latest Croatian National Bank (HNB) data show that the gross foreign debt at the end of September 2016 amounted to 42.4 billion euro which was 4.4 billion euro less or a drop of 9.4% on the...

Crobex value up 18% since start of 2016

Friday, 30 December, which was the last trading day on the Zagreb Stock Exchange (ZSE) this year, was marked by a regular turnover of 13 million kuna, and a rise of 0.18% and 0.19% respectively of...

Dijsselbloem: Spat settled on Greek bailout after Christmas bonus

Following a dispute over financially-strapped Greece's handing a Christmas bonus to its pensioners, Eurogroup head Jeroen Dijsselbloem said Saturday that the way was clear to continue debt...

Deutsche Bank, Credit Suisse agree to huge fines in US mortgage probe

Deutsche Bank and Credit Suisse have agreed to settle investigations into the fraudulent sale of mortgage-backed securities by paying 7.2 billion dollars and 5.3 billion respectively in the United...

Goldman Sachs fined 120 million dollars for rate manipulation

The US investment bank Goldman Sachs has been fined 120 million dollars for manipulating information that affected interest rate products globally, US regulators said Wednesday.

Greek debt measures in doubt after Tsipras' Christmas handout promise

Greek Prime Minister Alexis Tsipras may have jeopardized pending debt measures for his crisis-hit country with a pledge to give poor Greek pensioners a Christmas bonus this year.

EU Commission fines trio of banks 485 million euros for rate fixing

Credit Agricole, HSBC and JPMorgan Chase must pay 485 million euros (520 million dollars) in fines for manipulating a key benchmark used to set lending rates, the European Commission said...

Belgrade Stock Exchange joins SEE Link

The Belgrade Stock Exchange (BELEX) has been connected to the South-East European Link, a project started by Bulgarian, Macedonian and Croatian stock exchanges with the objective of creating a...

Italian banking shares tumble ahead of Sunday's referendum vote

Share prices for Italian banks fell sharply on the Milan stock exchange Monday, amid fears that a 'no' vote in a Sunday constitutional referendum could trigger a political and economic crisis.

Foreign banks based in Germany foresee “hard” Brexit

Foreign banks based in Germany are gearing up for Britain’s departure from the 28-member European Union to be a “hard Brexit” that will take effect over the next two or three years.