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Luxembourg Business News. Service for global professionals. Constantly updated news and information about Luxembourg.
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Latest Luxembourg Business News

  • Transparency Needed When Privatising [editorial] 19 Dec 2009 00:56 GMT
    ... ArcelorMittal, the world's largest steelmaker headquartered in Luxembourg, and India's Jindal Steel & Power Limited, ... who include labour and beneficiary or supporting businesses for the various State-owned companies, need to ...

  • Zebra Holdings & Investments S.a.r.l. and Lorito Holdings S.a.r.l.: Corporate Update 18 Dec 2009 23:52 GMT
    ... LUXEMBOURG, LUXEMBOURG -- (MARKET WIRE) -- 12/18/09 -- ... may, in the ordinary course of their business, acquire additional securities of the Company depending ...

  • Credit Suisse in Talks to Buy Fortis Bank Unit 18 Dec 2009 19:21 GMT
    ... the clout of its hedge fund services business, analysts said. The parties didn't comment on ... employees worldwide. It is present in Ireland, Luxembourg, Isle of Man, Amsterdam, Cayman Islands, Curacao, ...

  • Soundtrckr Launches Location-Based Social Music Network for Mobile and Web Users 18 Dec 2009 18:34 GMT
    ... served as a manager and director of business development at Internet radio network Live365. Soundtrckr ... has received funding from Lumu Invest in Luxembourg, Romulus Capital in Boston, and has recently ...

  • Madoff case to test Luxembourg fund rules 18 Dec 2009 18:29 GMT
    ... ZURICH/BRUSSELS (Reuters) - Luxembourg's drive to become a major funds domicile ... extended and expensive compliance duties, making this business less attractive in Luxembourg. "It could change ...

  • Fitch Affirms Covidien at 'A'; Outlook Stable 18 Dec 2009 15:51 GMT
    ... leverage after any such leveraging event. Covidien's businesses are also subject to a high degree ... that the obligor of Covidien's debt is Luxembourg-based Covidien International Finance S.A., (CIFSA) an indirect, ...

  • EU mergers and takeovers (Dec 18)=2 18 Dec 2009 15:18 GMT
    ... simplified Nov. 19/new deadline Dec. 23) -- Luxembourg-based private equity investment fund OCM Luxembourg Glasnost ... Services Inc CS.N>, a U.S. supplier of business process outsourcing (notified Dec. 4/deadline Jan. 19) ...

  • Marshall Mont Hdg SA Final Results 18 Dec 2009 14:17 GMT
    ... MARSHALL MONTEAGLE HOLDINGS SOCIETE ANONYME (Incorporated in Luxembourg. R.C. No. B 19600) ISIN LU0035797272 Registered ... South Africa. The group's shipping and distribution businesses operate internationally, and in South Africa it ...

  • Renault says it will stay in Formula One 18 Dec 2009 12:36 GMT
    ... Flavio Briatore. After the proposed sale to Luxembourg-based Genii Capital, Renault said in a statement ... be concluded next year. Gerard Lopez, the businessman behind Genii Capital, said restrictions on spending ...

  • Millicom International Cellular: RESULT OF EGM 18 Dec 2009 12:31 GMT
    ... Extraordinary General Meeting (“EGM”) of shareholders in Luxembourg. The EGM resolved to approve the payment ... Africa. It also operates cable and broadband businesses in five countries in Central America. The ...

  • Construction output down 37pc in Q3 18 Dec 2009 11:55 GMT
    ... The largest increases were in Poland (+8.6pc), Luxembourg (+4.9pc) and Germany (+2.2pc). The largest decreases ... Lithuania (-49.3pc), Ireland (-36.9pc) and Latvia (-36.8pc). Business World is a service of Media World ...

  • ATO Issues Draft Determination On Private Equity Asset Sales 18 Dec 2009 10:35 GMT
    ... and if it is carrying on a business of restructuring and floating companies, due to ... company is in turn owned by a Luxembourg entity that is itself owned by an ...

  • City exodus: are the bankers right? 18 Dec 2009 10:24 GMT
    ... If only. The confusion over whether certain businesses will end up paying this tax is ... as easily do their jobs in Switzerland, Luxembourg or Hong Kong. Banks and financial firms ...

  • Canada, EU land open skies deal 18 Dec 2009 10:22 GMT
    ... Diane Ablonczy says. Ablonczy, responsible for small business and tourism, said the deal, effective Thursday, ... Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, ...

  • ANALYSIS - Madoff case to test Luxembourg fund rules 18 Dec 2009 06:32 GMT
    ... New York in this December 2008 file... Luxembourg's drive to become a major funds domicile ... extended and expensive compliance duties, making this business less attractive in Luxembourg. "It could change ...


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