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ArcelorMittal named among global top companies for leaders


“With nearly 180 organisations participating in this year’s Aon Hewitt study, ArcelorMittal was selected as a result of our continued commitment to developing a strong and effective talent and leadership pipeline” said Brian Callaghan, vice president, leadership development. “Leadership is crucial in developing any kind of culture, but particularly important when high performance is key. And that means increasing leadership capability at all levels of the company, not just at the top of the organisation.” In 2011 ArcelorMittal were selected ... Read More »

BGL BNP Paribas innovates with a digital signature solution for tablets


By the end of the year, 40 branches in the bank’s network will be equipped with the technology. Instead of signing everyday transaction documents on paper, clients can now do so using tablets. Once the electronic document has been signed, it is immediately archived and quickly made available in the client’s “webbanking” space. The result is enhanced efficiency and quality. With the new solution, which will be extended to other processes including new client relationships and the signature of contracts, BGL BNP Paribas aims to further improv... Read More »

Juncker ‘serene’ over Luxembourg tax scandal


The Luxembourg Leaks shed light on 343 international companies, including Ikea, Deutsche Bank and Pepsi, who all benefited from secret tax deals with the Grand Duchy in order to pay as little tax as possible on their global profits. So far, the EU commission has launched formal investigations into potential illegal state aid given by Luxembourg to two companies - Fiat Finance and Amazon - but the spokesman said the new competition commissioner, Margrethe Vestager, "has all the freedom" to pursue new cases. Jean-Claude Juncker, currently c... Read More »

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 »

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