Search Results for: economy
Bundesbank posts €3.2 billion profit in 2015
February 25th, 2016
The Bundesbank posted a profit of €3.2 billion for the 2015 financial year, up from €3.0 billion in 2014. This profit was transferred in full today to the Federal Government of Germany pursuant to section 27 number 2 of the Bundesbank Act (Bundesbankgesetz). ...
EU and Brazil to work together on 5G mobile technology
February 25th, 2016
The EU and Brazil today signed an agreement to develop 5G, the next generation of communication networks. The Commission also started work on an action plan to deploy the technology in the EU by 2020. In the future, everybody ...
Group of Twenty IMF Surveillance Note
February 25th, 2016
The global recovery has weakened further amid increasing financial turbulence and falling asset prices. Activity softened towards the end of 2015 and the valuation of risky assets has dropped sharply, especially in advanced economies, increasing the likelihood of a further ...
OECD:All interested countries and jurisdictions to be invited to join global efforts led by the OECD and G20 to close international tax loopholes
February 25th, 2016
The OECD today agreed a new framework that would allow all interested countries and jurisdictions to join in efforts to update international tax rules for the 21st Century. The proposal for broadening participation in the OECD/G20 Base Erosion and Profit Shifting ...
China Stocks Plunge More Than 6% as Money-Market Rates Increase
February 25th, 2016
China’s stocks tumbled the most in a month as surging money-market rates signaled tighter liquidity and the offshore yuan declined for a fifth day. The Shanghai Composite Index sank 6.4 percent at the 3 p.m. close, extending its declines ...
Apple Goes to the Supreme Court
February 25th, 2016
The Justices should hear the e-book antitrust case. The Supreme Court may consider as early as Friday whether to take an appeal of one of the great antitrust abuses of recent decades, and the economic import is far larger ...
Saudi Oil Minister Surprises OPEC with Tough Line on Prices
February 25th, 2016
Prepared for $20 a barrel to force production cuts outside the Middle East, Says al Naimi Saudi Arabian Oil Minister Ali al-Naimi surprised fellow members of the Organization of the Petroleum Exporting Countries on Tuesday when he said the ...
EU insolvency law reform could boost growth and jobs across Europe, finds new AFME report
February 24th, 2016
AFME has published new research showing that European insolvency law reform could boost GDP output and create jobs across Europe. Insolvency reform is a key plank of the European Commission’s action plan on Capital Markets Union (CMU). The research, produced in ...
Japan eyes treating bitcoins the same as real money
February 24th, 2016
Japanese financial regulators have proposed handling virtual currencies as methods of payment equivalent to conventional currencies, a step that would strengthen consumer protection and spur growth in the virtual economy. The Financial Services Agency’s legislative revisions would recognize bitcoins ...
Fighting tax evasion: The European Union and the Principality of Monaco initial new tax transparency agreement
February 24th, 2016
The EU and Monaco have today initialled a new tax transparency agreement marking another major step forward in the fight against tax evasion. The agreement provides that Monaco and EU Member States will automatically exchange information on the financial accounts of ...
