Search Results for: Brussels
EU plans more powers for consumers to sue companies
April 12th, 2018
The European Union plans more powers for consumers to sue firms such as Volkswagen after the Dieselgate scandal showed the limits of consumer protection authorities to curb corporate cheating. Wednesday’s proposal by the EU executive would allow some groups ...
Bitcoin rallies above $9,000 after positive G-20 cryptocurrency meeting
March 21st, 2018
Bitcoin prices recovered above $9,000 after regulators had “productive” discussions on cryptocurrency at a G-20 meeting of finance ministers and central bank governors in Buenos Aires, Argentina, on Tuesday. Bitcoin prices topped $9,000 after finance ministers took a more ...
Brexit legal text signals greater EU urgency
March 8th, 2018
Brussels is not waiting around anymore for the U.K. to get its act together on Brexit. The European Commission’s publication of a 120-page draft withdrawal treaty will signal a new approach in the Brexit process that might best be ...
Brexit – the battle for ideas
February 9th, 2018
The battle for ideas in the Brexit debate comes down to two basic economic approaches. The neo-Keynesian macroeconomists in the permanent establishment, who manage the state as economic planners and regulators are on one side. They are naturally ...
Revamped rules for EU finance: Mifid II; What is MiFID II?
January 17th, 2018
Mifid II, a major revamp of European Union finance rules took effect on January 3, 2018. Its goals: Greater transparency, competitiveness and efficiency in financial instruments, and less scope for fraud and malfeasance. What is MiFID II? It’s a ...
Europe, Brexit and the credit cycle
December 18th, 2017
Europe’s financial and systemic troubles have retreated from the headlines. This is partly due to the financial media’s attention switching to President Trump and the US budget negotiations, partly due to Brexit and the preoccupation with Britain’s problems, ...
Europe Markets: Bank Rally Helps Lift European Stocks To Highest Finish In 3 Weeks
November 30th, 2017
European stocks closed at a nearly three-week high on Wednesday, boosted by a rally in the region’s bank shares a day after U.S. Federal Reserve Chairman-nominee Jerome Powell said he hopes to ease financial regulations. The U.K. stock market, ...
Closer Than Canada, Bigger Than Norway: The Optimism of UK Brexit Minister
November 24th, 2017
Brexit minister David Davis told a conference of business leaders that the UK is prepared for “no deal” with the European Union. David Davis, the UK’s Secretary of State for Exiting the European Union, on Tuesday, November 21, said ...
EU commission wants ‘credible’ tax haven blacklist
November 8th, 2017
The European Commission is demanding that member states reach an agreement on an EU tax haven blacklist, in the wake of media revelations of widespread tax avoidance schemes by the wealthy elite known as the Paradise Papers. Pierre Moscovici, ...
Yen drops on 2 trillion yen stimulus report; The kiwi dollar and euro both slid
September 25th, 2017
The yen declined on speculation Japan’s prime minister will press for a stimulus package alongside his expected call for a snap election — sending the nation’s stocks higher. The kiwi and euro both slid as ballot results foreshadowed potentially ...
