Eurotunnel passes debt plan vote
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Bondholders at Eurotunnel back the firm's debt restructuring plan, paving the way for it to leave bankruptcy protection.
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Creditors of the debt-ridden Channel tunnel operator Eurotunnel were meeting to vote on proposals to restructure the company's finances to avert a threat of bankruptcy.
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WASHINGTON The US Senate gave final approval Monday to a bill that would resolve a long-running trade dispute between the United States and Europe, as well as hand out about $140 billion in corporate tax breaks.
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The European Commission said it had adopted a plan to adapt eurozone rules intended to control budget deficits in order to improve the way they work and their credibility.
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The European Parliament has approved Jose Manuel Barroso&#39;s revamped executive European Commission by a wide margin, ending a three-week political standoff that boosted the assembly&#39;s power.
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The takeover of Abbey National cleared a major hurdle today after shareholders in Spanish bank Santander Central Hispano (SCH) voted to approve the deal.
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Eurotunnel faced three new deadlines with a court decision on its debt, possible liquidation in September and insolvency in six months&#039; time, after lenders rejected a rescue plan.
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London&#39;s High Court has backed leisure firm MyTravel&#39;s request to exclude its bondholders from a vote on its restructuring, which they had opposed in a dispute over the terms of a debt-for-equity swap.
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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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European Union lawmakers voted overwhelmingly on Wednesday in favor of a proposed constitution, which will be submitted to a series of make-or-break referendums starting next month in the 25-nation bloc.
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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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European Central Bank president Jean-Claude Trichet has said that today&#39;s decision to leave euro interest rates unchanged reflected a broad consensus on the governing council of the bank.
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Euronext  shareholders met on Tuesday to vote on a $14 billion plan to merge the pan-European exchange operator with the New York Stock Exchange  and form the first transatlantic bourse.
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The EU has welcomed the approval of a rescue plan for Italy&#39;s Alitalia, but shares in the loss-making airline have fallen as union and competitor
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Eurotunnel wins a claim for compensation for losses it suffered because of the Sangatte refugee camp.
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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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BRUSSELS - Low-cost airline Ryanair has finally struck a deal with the Walloon government over the EUR 4 million it owes following the European Commission ruling over Charleroi airport.