Eurotunnel seeks debt protection, faces looming deadlines
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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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Plans to end subsidies for coal mining in Germany are under threat after a dispute over the timetable for the move.
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The incoming European Commission is to fight for jobs and growth at the expense of red tape, Peter Mandelson, the Trade Commissioner designate, promised business leaders on the first morning of the Confederation of British Industry&#39;s annual conference here
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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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With no end in sight to the current credit crisis, Europe&#39;s finance chiefs have launched a drive to lift the shroud of opacity over the rarefied world of high finance, which they blame for the turmoil.
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As the euro and other currencies climb into rarefied territory, exporters are expressing more and more fear about how it will affect their businesses.
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A deadline on private bids for Northern Rock, the British bank almost ruined by the squeeze on global credit, was to expire on Monday amid speculation that three proposals will be made to the board.
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Losses are narrowing at channel tunnel firm Eurotunnel, and the Anglo-French firm says it sees recovery ahead.
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The European market rules will force deals to be made one country at a time.
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The European Commission expressed concern on Friday about higher-than-expected November inflation in the euro zone, calling on governments, unions and companies to cooperate in curbing price growth.
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The European financial market operator Euronext said it could not yet guarantee making a bid to take over the London Stock Exchange (LSE).
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Investment banks and specialist asset managers are working hard to be first to offer commercial real estate collateralised debt obligations in Europe
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Business & money: The regulator must soon decide who will pay to keep the internet up to speed.
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Soaring Eurotunnel shares prompt an unusual warning from the French stock market regulator.
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Creditors of Eurotunnel are set to vote on the debt-ridden Channel rail tunnel operator's restructuring plan.
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As European companies grapple with the impact of the rising euro on sales and exports, another less obvious problem is looming: the switch to new accounting standards that threaten to cause headaches for an array of businesses.
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The European Commission is taking all the time it needs to rule on Banco Santander Central Hispano&#39;s bid for Abbey National, competition spokeswoman Amelia Torres said Monday.