Search Results for: Economic Outlook
Salaries in UAE are expected to increase this year
March 6th, 2017
Salaries likely to rise in 2017, VAT set to be biggest contributor for job creation in UAE Salary levels in the United Arab Emirates are expected to increases this year and new jobs are being made available following a ...
Peugeot owner to buy Open-Vauxhall creating Europe’s second-largest carmaker
March 6th, 2017
Establishes PSA Group as #2 in Europe. This strong and balanced presence in its home markets will serve as the basis of profitable growth worldwide Joint venture in auto financing with BNP Paribas to support development of Opel/Vauxhall brands ...
Bundesbank posts distributable profit of €0.4 billion in 2016
February 24th, 2017
The Bundesbank posted a profit of €1.0 billion for the 2016 financial year, compared with €3.2 billion in 2015. Owing to an allocation to the reserves, the remaining distributable profit amounted to €0.4 billion and was transferred in full ...
The Pound to Euro Rate hits a Wall at Notorious 200 Day M.A
February 22nd, 2017
It was an impressive start to the mid-week session for Pound Sterling having broken above a key technical level against the Euro for the first time in months. The exchange rate is now knocking its 200-day moving average; if ...
Some €70 bn in non performing loans ready to be ceded by Italy’s main banks
February 22nd, 2017
The European Commission, the OECD, Economy Minister Piercarlo Padoan, EBA President Andrea Enria, Bank of Italy Vice Governor Fabio Panetta, and the Fitch ratings agency. One after another, like a chorus, they all spoke out on the same theme ...
Asia stocks consolidate recent gains; China shines
February 21st, 2017
Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled into financial counters on expectations the world’s second biggest economy may have turned a corner. MSCI’s broadest index of ...
What will help the UAE economy adjust to lower oil price
February 16th, 2017
The International Monetary Fund has issued a press release to make publish a Statement by IMF Managing Director Christine Lagarde at the Conclusion of Her Visit to UAE. It is key to develop a medium-term strategy to generate government ...
All EU Member States’ economies set to grow in 2016, 2017 and 2018, EC forecast
February 15th, 2017
For the first time in almost a decade, the economies of all EU Member States are expected to grow for three consecutive years (2016-2018) according to the European Commission’s Winter Forecast published today. The UK economy is forecast to ...
The Reserve Bank of New Zealand left the Official Cash Rate unchanged
February 9th, 2017
The Reserve Bank of New Zealand has issued a Monetary Policy Statement for February 2017 to inform for its decision to keep the Official Cash Rate (OCR) unchanged at 1.75 percent. According the Policy Statement: The recovery in commodity ...
OECD: The Portuguese economy is gradually recovering from a deep recession
February 8th, 2017
The Portuguese economy is gradually recovering from a deep recession thanks to a broad structural reform agenda that has led to rising economic growth, falling unemployment and remarkable progress in export performance. Maintaining momentum for further reforms is crucial ...
