Search Results for: EU
Facebook Faces EU Scrutiny Over WhatsApp Purchase
December 21st, 2016
The European Union on Tuesday accused Facebook Inc. of giving “incorrect or misleading information” to investigators who were probing its purchase of chat app WhatsApp in 2014, a surprise charge that exposes the company to a hefty fine. The ...
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
Euronext in exclusive talks to potentially acquire LCH.Clearnet SA
December 20th, 2016
Euronext announces that it is in exclusive talks with London Stock Exchange Group plc (“LSEG”) and LCH.Clearnet Group Limited (“LCH.Clearnet Group”) in relation to a potential acquisition of LCH.Clearnet SA (“Clearnet”), a subsidiary of LCH.Clearnet Group. At this stage, ...
UK seeks transitional trade deal with EU to avoid Brexit ‘cliff edge’
December 20th, 2016
Britain may need an interim trade agreement with the European Union to smooth its exit from the bloc, said Britain’s Trade Secretary Liam Fox, adding there should not be a “buy back” into many EU regulations. A transitional trade ...
Asian Shares Fall on Europe Turmoil; Yen Weakens After BOJ Move
December 20th, 2016
Japanese shares erased losses and the yen weakened after the Bank of Japan upgraded its assessment of the world’s second-largest economy. Gold retreated and treasuries dropped. Japan’s Topix index erased earlier declines after the central closed a tumultuous year ...
ICAP Energy appoints Director of European Agricultural and Soft Commodities
December 19th, 2016
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has appointed Kieran Walsh as Director of European Agricultural and Soft Commodities to launch and manage a new ...
Major Economic Warning Sign: The Euro Is Heading For Parity With The U.S. Dollar
December 19th, 2016
The collapse of the euro is accelerating, and it looks like we could be staring a major European financial crisis right in the face early in 2017. On Thursday, the EUR/USD fell all the way to $1.0366 at one ...
FINRA Fines Deutsche Bank $3.25 Million
December 19th, 2016
FINRA Fines Deutsche Bank $3.25 Million for Deficient Disclosures Concerning the Operation of Its Alternative Trading System The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Deutsche Bank Securities Inc. $3.25 million for failing to provide ...
Scotland unveils proposals on how to remain in the EU single market after Britain leaves
December 19th, 2016
Scotland will publish proposals this week for how it can remain in the European Union‘s single market after Britain leaves the bloc, in order to avoid the “national disaster” of a “hard Brexit”, the Scottish government said on Sunday. ...
EU could strip the City of London of its euro clearing business
December 18th, 2016
The European Union could once again try and strip the City of London of its euro clearing business, according to a Financial Times report. The FT reports that European Commission is considering a change that would allow the European ...
