By the Blouin News Business staff

Posts Categorized: Europe

Dire days on the U.K. high street

by in Europe.
Music Retailer HMV Goes Into Administration
No longer in the pink. Photo credit: Getty Images/Peter Macdiarmid

It is a grim end to a dismal 10 days on the British high street. Blockbuster, the video-rental retailer that went into U.K. bankruptcy administration on Wednesday, is to shut another 129 of its 528 stores in the country.

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Euro zone government bonds ring in the New Year with CACs

by in Europe.
New Year Fireworks, Berlin
Fireworks explode on New Year’s Eve on January 1, 2012 in Berlin, Germany. Getty Images/Andreas Rentz

From the New Year, all newly issued euro zone sovereign debt will include a legal provision that can force investors to accept losses in a crisis. Collective Action Clauses (CACs) were originally intended to give legal clout to investors from the developed world who needed to push through restructuring of the bonds of developing counties’…

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Derivatives trading is a young company’s game

by in Europe, U.S..
Traders work the floor at the New York Stock Exchange in New York.
Traders work the floor at the New York Stock Exchange in New York December 20, 2012. REUTERS/Andrew Kelly

There is something symbolic to the changing nature of financial markets that it is a 12-year old operator of energy and commodities futures contracts that will end more than two centuries of independence of the icon of American stock markets, the New York Stock Exchange. IntercontinentalExchange (ICE) has agreed to buy NYSE Euronext…

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