Search Results for: Euro
The Pound to Euro Steadies Ahead of May Speech
January 17th, 2017
In a much anticipated speech, UK Prime Minister May should at 1:145GMT introduce the concept of a ‘Clean Brexit’. All the indications in the British press suggest it will be modelled on a series of views outlined in a ...
7 Major European Banks Form Blockchain Platform ‘Digital Trade Chain’
January 16th, 2017
A group of seven large European banks has signed a memorandum of understanding (MoU) to develop a blockchain-powered cross-border trade finance platform for small and medium-sized companies in Europe. The participating banks are UK-based banking giant HSBC, Dutch institution ...
CySec announced revocation of decision regarding IQ Option Europe
January 16th, 2017
Following the announcement dated September 30 regarding the decision of the Cyprus Securities and Exchange Commission (CySec) dated September 05 to impose an administrative penalty to the CIF IQ Option Europe Ltd for noncompliance with the following legislation: 1. ...
Downside Targets for British Pound Against Euro, Dollar
January 14th, 2017
Pound to Euro Rate Today (13-1-16): 1.1410, could go as low as 1.0635 Pound to Dollar Rate Today: 1.2171, 1.09 forecast under hard-Brexit scenario Technical strategists at Credit Suisse have written to clients confirming they retain a negative stance ...
ECB on pan-European instant payment solutions
January 11th, 2017
The European Central Bank (ECB) has published a Keynote speech by Yves Mersch, Member of the Executive Board of the ECB, at the French Payments Committee conference on “Technological innovations in payments and beyond”, Banque de France, Paris, 6 ...
Eurozone economic activity increased at its fastest rate since the debt crisis in 2011
January 4th, 2017
Economic activity in Eurozone industry in December expanded at the fastest pace since the currency union’s debt crisis started to hit, according to a closely watched indicator. The Eurozone composite purchasing managers’ index (PMI) – which measures activity throughout ...
First legal test case against Volkswagen raising pressure to compensate customers in Europe
January 4th, 2017
German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday (3 January), raising pressure on the carmaker to compensate customers in Europe over the emissions scandal. Europe’s largest automaker has pledged billions ...
Euronext makes irrevocable cash offer to acquire LCH.Clearnet SA
January 3rd, 2017
Euronext has made an irrevocable all-cash offer to LCH.Clearnet Group Limited (“LCH.Clearnet Group”) and London Stock Exchange Group plc (“LSEG”) to acquire LCH.Clearnet SA (“Clearnet”), in relation to which terms and conditions have been agreed. Clearnet has commenced a ...
European bourses started the last trading day of 2016 slightly in the red
December 30th, 2016
European bourses started the last trading day of 2016 slightly in the red. The pan-European Euro Stoxx 600 was 0.06 percent lower with the major bourses trading in the red. The London Stock Exchange will close early Friday at 12:30 ...
Monte Paschi to issue 15 billion euro in debt after EU approves liquidity support – paper
December 30th, 2016
Italy’s Banca Monte dei Paschi di Siena (BMPS.MI), which is being bailed out by the state, plans to issue 15 billion euros ($15.8 billion) of debt next year to restore liquidity and boost investor confidence, several newspapers said on ...
