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ArcelorMittal: The MartINsite® success story – from shoe shanks to car bumpers – by Debanshu Bhattacharya


In fact, the product’s genealogy goes back even further than that - it was invented in the 1970s on Inland Steel’s number two continuous annealing line, in the company’s former tin operations. Once engineers realised its potential for automotive applications (the original idea was to market it for shoe shanks - the supportive structure between the insole and the outer part of the shoe!), engineers and researchers created a more robust product for the automotive industry. More than 30 years later, MartINsite® is still evolving as a range of stee... Read More »

BANQUE DE LUXEMBOURG: current positioning in an unstable environment


What to do? Strong penalisation for caution, which means avoiding volatility To avoid losses, you have to take risks. Sacrifice the security in the short-term to protect its long time purchasing power Avoiding of all risks is not an appropriated strategy "Far more money has been lost by investors waiting for corrections, than has been lost in corrections themselves.“ (Peter Lynch) To privilege: The search for returns has brought bond yields to extremely cheap levels and has evocated a potential instable bond market. The yield... Read More »

Precision Capital comfortably passes 2014 ECB/EBA Stress Test and ECB Asset Quality Review


October 26, 2014: Precision Capital, the Luxembourg-based bank holding company – which owns 89.9% of Banque Internationale à Luxembourg (BIL) and 99.9% of KBL European Private Bankers (KBL epb) – welcomed the confirmation of the overall soundness of its balance sheet and strong capital position, as evidenced by the outcomes of the Comprehensive Assessment exercise released today by the European Central Bank (ECB) and the European Banking Authority (EBA) for the 130 in-scope European banks. The Comprehensive Assessment, performed by the ECB i... Read More »

With support from BGL BNP Paribas, the Luxembourg Red Cross features a SONIA RYKIEL fashion show at its gala evening


Guests were treated to a view of the SONIA RYKIEL Spring/Summer 2015 collection, and then enjoyed a buffet dinner. The evening closed with a draw that allowed one lucky participant to win a prize donated by SONIA RYKIEL. As in previous years, BGL BNP Paribas offered its support to the Luxembourg Red Cross in organising this event in aid of highly vulnerable people. The collaboration is fully in keeping with the bank’s long-term commitment to corporate social responsibility and solidarity with disadvantaged communities. ... Read More »

KBL EPB named best private bank in Luxembourg


KBL European Private Bankers (KBL epb), headquartered in Luxembourg, announced today that it has been named “Best Private Bank in Luxembourg” at the Wealth & Money Management Awards 2014. The pan-European private banking group also received the “Commitment Award for European Banking” in recognition of its sustained focus on excellence in the financial services sector. Recipients of Wealth & Money Management Awards are first shortlisted based on a range of quantitative metrics and qualitative factors. Winners are then selected base... Read More »

Luxembourg gets its first Carrefour Express


Carrefour Belgium – which has already been operating in Luxembourg for 15 years with a Carrefour Market in the north of the country in Marnach – is moving into the capital and opening up its first convenience store. Carrefour Belgium wanted to seize this opportunity to shore up its presence on a growth market in a country that has a number of similarities with the Belgian market – as well as a number of differences that are full of potential. Its innovative Carrefour Express concept provides an original solution to changes in customers' n... Read More »

The governing Mayor of Berlin visits the BGL BNP Paribas lux future lab


On the public side, the National Government Agency for Innovation (Luxinnovation) and the incubator Technoport spoke about the Government’s efforts to accompany start-ups while PwC’s Accelerator and lux future lab represented the private initiatives and support. All four speakers stressed the excellent cooperation and coordination of the various Luxembourgish actors making the local ecosystem – though small compared to larger places such as Berlin, London or Paris – a highly dynamic one. The BGL BNP Paribas’s lux future lab launched in 2012,... Read More »

Cargolux: Big Business out of Switzerland


After three hours of crane-supported loading and consequent strapping, flight CV7965 took off at 3:00 pm local time and landed at destination at 8:20 am local time on 13th September, after a 10h20’ non-stop flight. ‘Carrying heavy, dense cargo in closed packages such as containers or crates requires extraordinary efforts to ensure safe on-aircraft tie-down in forward, aft, left, right and up direction, as we can only secure the outer package and have no influence on what happens to the content when exposed to dynamic accelerations’, said Okan A... Read More »

Societe Generale Securities Services in Luxembourg mandated by Auriga Global Investors S.V.


Auriga Global Investors S.V. selected SGSS in Luxembourg for its expertise and ability to provide high value-added solutions. The asset management company will benefit from customised support for setting up and running its investment funds, as well as the know-how of multilingual specialists to accompany the client and respond to all the company’s requirements. A leading provider of securities services on the Luxembourg financial market, SGSS offers a comprehensive range of services to a client base of asset managers and institutional invest... Read More »

4th edition of the BNP Paribas Group Innovation Awards in Luxembourg

In the 2014 competition, which was open to all the Group’s employees in Luxembourg, projects were entered in the fields of Customer Relations, the Internet, Communication, Corporate Social Responsibility and Human Resources. Five projects out of the 40 submitted received prizes. The prizewinners of the five teams were honoured at a ceremony held on 16 September at the BGL BNP Paribas headquarters in the presence of the Group’s senior management in Luxembourg. Speaking at the awards ceremony, Carlo Thill, Chairman of the Management Board o... Read More »

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