Search Results for: Euro
European Banking Authority consults on fraud reporting requirements
August 8th, 2017
The European Banking Authority (EBA) launched a public consultation on its draft Guidelines on reporting requirements on statistical data on fraud under the revised Payment Services Directive (PSD2). The Guidelines, which are addressed to payment service providers and competent ...
Europe battles Google News over ‘snippet tax’ proposal
August 7th, 2017
A major battle is brewing in Brussels over an EU reform plan that would force internet aggregators such as Google News to pay newspapers for displaying snippets of their articles online. Google is furious at the reform idea, but ...
UniCredit: Pound to Euro Rate Forecast at 1.05 in Coming Months
August 4th, 2017
Foreign exchange analysts at UniCredit Bank have announced a sizeable upgrade to their forecasts for the Euro saying the currency is finally starting to recover from years of undervaluation. The Italian lender have as a result upgraded their targets ...
1 in 3 Europeans cannot afford a one-week annual holiday
August 2nd, 2017
For many people in the European Union (EU), summer means holidays and travel. However, around a third (32.9%) of the EU population cannot afford a one-week annual holiday away from home. Slightly more households with dependent children (34.6%) than ...
Euro’s rally might receive a further boost
August 1st, 2017
A snowball effect: Euro to strengthen against Pound Sterling as Eurozone investors are forced to hedge against an unexpected strengthening of their currency. Analysts at BNP Paribas have warned their clients that the Euro’s rally might receive a further ...
House prices up by 4.0% in the euro area
July 28th, 2017
First quarter of 2017 compared with first quarter of 2016 House prices up by 4.0% in the euro area Up by 4.5% in the EU House prices, as measured by the House Price Index, rose by 4.0% in the ...
UK court obliges Ukraine to pay par value on its Eurobond debt to Russia
July 27th, 2017
The High Court of London has bound Ukraine to pay £2.8 million ($3.6 million) to Russia as compensation for legal costs related to Kiev’s Eurobond debt, the Russian Finance Ministry announced on Wednesday. According to a statement on its ...
Dollar sank, euro added 0.2 percent and the Aussie extended gains; Early Forex review
July 27th, 2017
The dollar sank and Treasuries climbed after the Federal Reserve signaled that inflation remains persistently below its target even as the economy picks up steam. Asian stocks rose to the highest in almost a decade on optimism about corporate ...
“Time to Sell” Pound Sterling v Dollar and Euro say BofAML Exchange Rate Strategists
July 26th, 2017
It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research in a note to clients released ahead of the new week. The call by Vamvakidis comes as momentum against ...
Yen advanced, Euro and Australian dollar rose
July 25th, 2017
Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the dollar resumed declines. The MSCI Asia Pacific Index fluctuated near a 10-year ...
