EU News for Shipping Trade and Transport  2nd November 2015

Takover

US credit card issuer Visa Inc.  is buying back its former subsidiary Visa Europe which involves a US$23.5 billon deal identifying increased scale and efficiencies.

 Inflation

Eurozone inflation rose to zero per cent and out of negative territory in October, based ona report issues last Friday,  h owever the level is still lower than expected and will press the European Central Bank to pump up its stimulus.

Working with Turkey 

The European Union said Monday it looked forward to working with the new Turkish government after elections showed the people's "strong commitment" to democracy as it waited for an international report on the vote.