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Finland’s Finance Ministry cut its forecast for the northernmost euro member’s economy that’s mired in a recession along with its single-currency peers.
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Swiss banks face the risk of further indictments for helping U.S. citizens evade taxes after Swiss lawmakers rejected a bill that would help resolve a tax dispute.
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CEZ AS, the biggest Czech utility, slid in its longest losing streak in 13 years on concern the opposition will levy new taxes as Premier Petr Necas resigns.
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The Czech Civic Democrats and their coalition partners are working to quickly replace Petr Necas as premier to keep the conservative government in power through 2014 and fend off Socialist attempts to force early elections.
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German Chancellor Angela Merkel’s main challenger, Peer Steinbrueck, teared up at a party event that sought to play on his compassionate side, as a poll showed his Social Democrats at their lowest level of the year.
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The Czech Republic’s three ruling parties will meet today to discuss the future of the government, with a scandal over spying and bribery throwing the fate of Prime Minister Petr Necas into question.
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Hong Kong civic groups will today march in support of Edward Snowden, the former National Security Agency contractor who is at risk of extradition from the city after he revealed a secret U.S. surveillance program.
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Czech Prime Minister Petr Necas is in a scrap to keep his job after prosecutors said one of his closest aides illegally ordered intelligence officers to spy on three people and was involved in a bribery case where ex- lawmakers were offered jobs at state-owned companies.
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CEZ AS fell to an eight-year low as a spy scandal threatens the government of Prime Minister Petr Necas, stoking concern the Czech Republic’s biggest utility will be levied with new taxes if the opposition comes to power.
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As many as 11 of Germany’s 16 states including Berlin and Saarland are lining up for a first joint bond sale with the federal government, a Bloomberg poll of the regional administrations shows.
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