Slovak Republic News
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Italy and the Slovak Republic hold 2-0 leads after the opening day of the Fed Cup tennis semifinals.
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The Slovak Republic hired HSBC Holdings Plc., Societe Generale SA, Tatra Banka AS and UniCredit SpA to manage a benchmark bond issue in euros, which will take place when market conditions allow, according to a banker involved in the transaction.
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Following is the text of the mission statement from the International Monetary Fund visit to Slovakia:
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Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal.
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The Slovak Republic is selling 1 billion euros ($1.27 billion) of bonds, its first international offering of debt securities since April.
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Poland and Slovakia need to cut their budget deficits by as much as Ireland, which may seek an international bailout, to ensure sustainable debt levels, the Organization for Economic Cooperation and Development said.
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Britain’s reputation as a center of excellence in higher education may be damaged by government proposals to reform the universities, according to the compilers of this year’s World University Rankings.
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Credit markets rallied for a second day in Europe as Barack Obama was re-elected U.S. president and investors speculated that Greece will meet conditions for the next instalment of its bailout.
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The international fight against human trafficking, from abuses of migrant workers to organized prostitution networks, lost ground in the past year, the U.S. State Department reported.
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KBC Groep NV, Belgium’s biggest bank and insurer by market value, plans further repayments of state aid this year after writedowns on Greek bonds and mounting loan losses in Ireland and Hungary led the bank to cut its dividend.
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