Eurotunnel wins debt plan support
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Eurotunnel's creditors vote in favour of its debt restructuring plan, averting the danger of the firm going into liquidation.
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The European Union has imposed a 222.3-million-euro (151 million pound) fine on Europe&#39;s main makers of copper plumbing pipes for fixing prices and dividing up the market.
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BRUSSELS A four-year plan to rescue Alitalia will get the approval of the European Commission, as long as it does not bank on any new money from the Italian government, the commission said Tuesday.
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British Energy, the nuclear generator, yesterday welcomed a decision by the European commission to approve a government-backed Â£5bn rescue plan.
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European regulators on Thursday approved the takeover of Spain's largest utility Endesa by Acciona and Italian utility Enel.
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A French court grants Eurotunnel bankruptcy protection as it aims to reduce its debts.
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Eurotunnel, the operator of the Channel tunnel that has been fighting bankruptcy, said Wednesday that it stemmed losses last year after a catastrophic 12 months in 2005.
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Alitalia&#39;s board approved a four-year rescue plan Monday that was needed to unlock a 400 million-euro emergency loan and prevent bankruptcy, after unions agreed to thousands of job cuts.
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The pan-European bureaucracy backs a BitTorrent-minded project and points the way toward the monetization of digital downloads.
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Bank of England committee unanimously backed cheaper borrowing costs earlier this month
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The move brings the European Union's total promises of support to 1.5bn once contributions from the 25 national governments are included.
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A High Court judge on Wednesday approved a debt-for-equity survival plan developed by MyTravel, clearing the way for the troubled travel company to present the proposal to shareholders and creditors next month.
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A US Treasury Department spokesman on Monday gave a positive, though muted, reception to a British proposal to ease the debt of heavily indebted poor countries, which was unveiled over the weekend.
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Debt-ridden Eurotunnel warns it will go into liquidation if its creditors do not accept its latest restructuring plan.
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BRUSSELS/BANGKOK  - The EU on Wednesday backed Airbus in a row over state subsidies with U.S. rival Boeing Co.  while yet another client of the European planemaker threatened to cancel orders for the A380 superjumbo.
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Northern Ireland Electricity and its southern counterpart ESB have made an investment of 19.6mn($24.3m), including 6.5m of European Regional Development Fund support, in the interconnectors which will increase ...
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A consortium led by Macquarie Communications Infrastructure Group agreed Thursday to pay 1.27 billion British pounds (US$2.5 billion; euro1.8 billion) for NTL Inc.