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Luxembourg News Headlines

Luxembourg puts key BES bank shareholders in administration
Luxembourg said Tuesday it would place two key shareholders of struggling Portuguese lender Banco Espirito Santo (BES) in administration after they demanded protection from creditors. A court said it had accepted the request by Rioforte Investments and Espirito Santo Financial Group (ESFG) and appointed an official to oversee their affairs. ESFG is the single biggest shareholder in BES with a ...(7/29/2014 2:25:22 PM)
Luxembourg Covets Offshore Trade in China's Yuan
In tiny Luxembourg, ancient castles and churches stand in the view of glistening tower blocks, the modern cathedrals of a financial sector that has benefited from the Grand Duchy's proximity to some of Europe's largest economies. Now, the small nation of half a million people is seeking to be at the heart of a new trend in global finance: the rising use of China's currency outside its home ...(7/27/2014 3:24:00 PM)
Luxembourg Ink-Outs Not Dark Enough to Hide Shiny Tax Deals
Luxembourg, facing a European Union probe into sweetheart tax deals with multinationals, systematically blacked out company names on documents sent to the EU in a bid to protect businesses, according to two people familiar with the investigation. The redaction wasn't enough to prevent the EU from starting a probe into a tax arrangement with Fiat Finance & Trade SA, a Luxembourg unit of the ...(7/15/2014 11:37:18 AM)
Luxembourg approves bill paving way for sukuk this year
Luxembourg's parliament passed a bill that will allow the AAA-rated government to issue its first Islamic bond later this year, becoming only the second European sovereign after Britain to tap the market for sukuk. The bill allows Luxembourg to securitise three government properties to back a sukuk worth 200 million euros ($275 million), designed to boost its Islamic finance credentials to ...(7/9/2014 9:00:00 PM)
Fitch Affirms Luxembourg at 'AAA'; Outlook Stable
LONDON, July 18 Fitch Ratings has affirmed Luxembourg's Long-term foreign and local currency Issuer Default Ratings at 'AAA'. The Outlooks are Stable. The issue ratings on Luxembourg's senior unsecured ...(7/18/2014 4:16:40 PM)
HV-Bekanntmachung: GSG GROUP (former ORCO Germany): Bekanntmachung der Einberufung zur Hauptversammlung am 28.08.2014 ...
(7/29/2014 9:28:52 AM)
SGG Luxembourg Licensed as a Professional Depositary of Alternative Assets Under AIFMD
The Management Committee of SGG Group is proud to inform you that SGG Luxembourg has successfully obtained its depositary license. The granting of this license reflects not only our commitment to offer ...(7/17/2014 2:00:00 AM)
Int'l Fare of the Day: New York to Luxembourg $687 round-trip, incl. taxes
Fly from New York to Luxembourg for $687 round-trip, including all taxes, on Turkish Airlines.(7/28/2014 1:04:21 PM)
EU widens tax probe into multinationals: source
By Michele Sinner and John O'Donnell LUXEMBOURG/BRUSSELS (Reuters) - The European Commission is widening its probe into how multinationals use countries such as Luxembourg to cut their tax bill, an official with knowledge of the matter said on Friday. Last month, the Commission warned Ireland, another EU country that offers companies offshore tax status, that it could investigate more companies ...(7/4/2014 10:28:34 AM)
Research and Markets: ICT Market Report 2014/15 Belgium/Luxembourg
Research and Markets has announced the addition of the "ICT Market Report 2014/15 Belgium/Luxembourg" report t(7/4/2014 7:49:00 AM)
Source: Yahoo