Eurotunnel sees light at the end of 20 years of deep debt
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Eurotunnel, which operates the Channel Tunnel between Britain and France, has unloaded half its crushing debt after 20 years by creating a new group freed from the threat of liquidation.
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Channel Tunnel operator Eurotunnel narrows its losses after securing a deal to reduce its debt.
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Fast forward some 20 years or so and Germany might very well witness a historic event: the very last mass-market passenger car rolling off one of its assembly lines.
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Eurotunnel bondholders are scheduled to vote on a plan to cut the firm's debt by more than half.
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European Union heads of government meeting in Brussels have agreed to slash carbon dioxide emissions by 20% from 1990 levels by the year 2020.Comment
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At the European Union's daily news conference recently, the names of the 20 languages into which questions and answers would be translated shone in red lights on an elevated board, like the departure ...Comment
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Eurotunnel SA creditors voted Monday to approve a debt restructuring plan designed to avoid insolvency for the undersea rail tunnel linking Britain and France.
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Shares in restructured Channel tunnel rail operator Eurotunnel fall by  40% on their first day of trading.
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IBM sold its first euro-denominated bond in almost five years on Wednesday, with a deal that reflected strong interest from retail investors in rare and highly rated corporate borrowers.
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The Eurozone will be able to withstand world economic problems in 2007, the European Commission says.
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The Bloomberg administration announced today that it will sign a 20-year contract with one of the nation's largest recycling companies, a move that assures the city's broad recommitment to recycling.
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Eurotunnel, the troubled operator of the Channel Tunnel rail link, faces a decisive day on Monday when its creditors decide on a debt restructuring plan drawn up by the management.
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Euro Disney, the French theme park operator, said yesterday it had won agreement from all its creditors on a modified debt restructuring plan, including a â¬250m (Â£170m) capital increase, designed to haul it back from the brink of bankruptcy.
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Europeâs biggest cross-border financial services deal in recent years was given a significant boost over the weekend when Mario Monti, European Union competition chief, in effect confirmed that EU regulators would approve the Â£8.
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Eurotunnel shares rose by more than a third on the back of the success of its public share swap offer early Tuesday, as trading resumed after a week-long suspension.
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Holders of a once-arcane and now troubled form of short-term debt may now find it converted in to notes with maturity dates measured in years.
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EU environment ministers are to try to agree on cutting harmful emissions by 20% from 1990 levels by 2020.