Search Results for: EU
EU to hit UK with £50 billion Brexit settlement
December 17th, 2016
The European Commission’s chief negotiator has said that the UK would have to pay a Brexit settlement fee of €50-€60 billion (£42-£50 billion). Michel Barnier mentioned the figure to EU leaders, according to Sky News. Expected to be one ...
European Stocks Hover Near 1-Year High, Set for 2nd Weekly Gain
December 16th, 2016
European stocks held steady after closing at their highest level since January on Thursday, heading for a second week of gains. The Stoxx Europe 600 Index rose less than 0.1 percent at 08:45 a.m. in London as gains in ...
One of Deutsche Bank’s top wealth chiefs is among 13 bankers facing allegations of fraud
December 16th, 2016
One of Deutsche Bank’s top wealth chiefs in London is among 13 bankers facing allegations of fraud and false accounting tied to complex finance transactions with struggling Italian lender Monte dei Paschi. Matteo Vaghi, a London-based managing director at ...
European shares move towards 11-month high on stronger banks
December 15th, 2016
STOXX Europe 600 index up 0.2 pct Banks advance on Fed’s move, hints Precious metals miners among top fallers European shares rose on Thursday, helped by gains in global banks following the U.S. Federal Reserve’s interest rate hike overnight, ...
EU shoppers still face ‘unjustified’ discrimination
December 15th, 2016
A new EU report out today finds that shoppers still face unjustified discrimination due to nationality and place of residence. The report looked at the implementation of EU consumer law and finds that business practices such as geo-blocking are ...
Pound to Euro Rate: Beware a Capitulation Lower
December 15th, 2016
The British Pound is recovering from recent lows against the Euro thanks to some better-than-forecast employment and earnings data but we hear from one leading analysts that the GBP/EUR could be destined to fall as low as 1.11 again. ...
Germany accused of strangling EU tax transparency
December 13th, 2016
A German-led group of EU states is trying to strangle plans for greater tax transparency, amid the restart of an iconic whistleblower case. Germany was accused of leading the behind-the-scenes attack on a European Commission proposal to raise transparency ...
138 million Europeans are financially cut off from society – without a bank account or payment methods
December 12th, 2016
Mastercard on December 12 announced findings from new research into those who are financially excluded across Europe, finding a third (33%) are employed full time and 35% are aged 18-34. 138 million Europeans are financially cut off from society ...
Pound to Euro: Bank of England in Focus in Week Ahead
December 12th, 2016
The main event in the week ahead for GBP/EUR is the meeting of the Bank of England on Thursday. There is not expected to be any changes in policy from Threadneedle Street but there is always a risk of ...
Why Europe must end in tears
December 11th, 2016
The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week. The Italian people have had enough of their government’s economic failure, and is refusing to give it more power. The ...
