Europe News
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Future Bank of England Governor Mark Carney said while his Canadian experience may offer lessons to other countries, he will seek help from his colleagues and not try to run the London-based central bank as a one-man show.
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Caisse de Depot et Placement du Quebec is selling some of its European property and redeploying proceeds in assets such as infrastructure while the euro-area economy shrinks, Chief Executive Officer Michael Sabia said.
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A majority of euro-area companies would prefer to have more guidance from government authorities on how to comply with tax rules, even if it reduces their scope to avoid cross-border payments, according to a study from London-based Grant Thornton International Ltd.
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Deutsche Bank AG, continental Europe’s biggest bank, is asking investors to replace three non- bankers supervising its executives with finance and legal experts after litigation-related costs eroded profit last year.
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