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Why Croatia sees euro membership as a path to security
Placeholder while loading article actionsCroatia, which is the newest member country of the European Union and whose economy is heavily dependent on foreign visitors, is in a hurry to adopt the euro as its national currency. The move,…
Live news: India hikes interest rates for first time in two years as inflation jumps
One of Maersk Line's biggest ships, the Maersk Murcia, at the port of Gothenburg: the line's parent company, AP Møller-Maersk, warned on Wednesday of growing economic risks © AFP via Getty ImagesAP Møller-Maersk warned on Wednesday of…
Apple hit by EU antitrust complaint over iPhone payments (1)
Apple Inc. has been the subject of a formal antitrust complaint by the European Union on how it handles iPhone payment services, an area where regulators say the tech giant favors its own technology over competing platforms. the European…
China meets with banks to discuss protecting assets from US sanctions
Chinese regulators held an emergency meeting with domestic and foreign banks to discuss how they could protect the country's assets overseas from US sanctions similar to those imposed on Russia for its invasion of the Ukraine,…
Ruble hits 2-year high against euro in Moscow as market waits for rate cut
A customer hands over Russian ruble banknotes and coins to a vendor at a market in Omsk, Russia October 29, 2021. REUTERS/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterApril 29 (Reuters) - The Russian ruble hit its…
War in Ukraine triggers biggest commodity shock in half a century, says World Bank
A member of the Ukrainian State Emergency Service prepares to disable and remove a missile in Rubizhne in the Luhansk region of Ukraine on April 27. (Ukrainian State Emergency Service/EYEPRESS/Reuters)Parts of the Lugansk region in eastern…
Live Updates: PBoC Pledge to Support Economy Pauses China Stock Sell-Off
Canada's central bank should consider tackling soaring inflation with another half-point hike in interest rates, its governor told a parliamentary committee on Monday.Bank of Canada Governor Tiff Macklem said policymakers would consider…
Here’s why Germany is ranked as the most crypto-friendly country
In her monthly Expert Take column, Selva Ozelli, international tax lawyer and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments in taxation, AML/CFT regulations and legal…
Factbox-Companies are counting the cost of abandoning Russia | Investment News
(Reuters) - Multinationals that announced their exit from Russia or the suspension of their activities after the invasion of Ukraine have started calculating the losses associated with their decisions.Below is an alphabetical list of…
Nasdaq, Dow Jones, US Dollar, Euro, Crude Oil, Bitcoin, Inflation
Market sentiment deteriorated last week amid cleared Easter holiday trading. US stock markets were hit hard, pushing the Nasdaq-100 Index (NDX) and the Dow Jones Industrial Average (DJIA) deep into the red for the second week of losses.…
Pound/Euro could rise 9.0% Analyst forecast
Image ©Adobe Images
The pound could be on the verge of a big increase in its value against the euro, according to an analyst at data and information provider Thomson Reuters.
Jeremy Boulton - a market analyst for Thomson Reuters Market…
Ukrainians find it difficult to exchange their national currency in EU countries
People fleeing the war in Ukraine would find it difficult to convert their Ukrainian money into the currency of the EU countries in which they have taken up residence.Mbogné Saah Jules Bokade is just one of many refugees from the…
EU plot to raid £560tn London clearing houses deals blow as EBF opposes plan | Politics | News
Brussels has pledged to reduce the EU's "overreliance" on the City and its €660 trillion (£563 trillion) clearing market, but the Banking Federation European Commission (EBF) has now said the European Commission's proposal would lead to…
Russia eases rules on currency purchases as ruble recovers
A view shows Russian ruble coins in this illustrative photo taken March 25, 2021. REUTERS/Maxim Shemetov/Illustration/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterApril 8 (Reuters) - Russia will ease temporary capital…
How many coins are there in a roll of coins
You've probably seen a cashier open a roll of coins when it's out of change. Have you ever wondered how many coins are in a roll of coins? It depends on the type of room.Coin rolls are also known as coin wrappers. They are…
EUR/JPY leads with FOMC minutes in sight as US Dollar strengthens
EUR/JPY bears moved early in the week.
Eyes on the US dollar and the FOMC minutes.
EUR/JPY is bearish at the start of the week with a lack of momentum to move the needle so far. At 135.27, the price is slightly…
Rough Waters in Corporate Debt Markets
Corporate debt investors brace for more trouble after a rocky quarter as economic fears remain in place as an end to the war in Ukraine may prove elusive.
The world's safest corporate debt pool has…
Banks boost European stocks as investors follow bond moves
European stocks advanced on Monday, driven by interest-rate-sensitive banks and insurers as government bond yields continued to rise, while hopes for a peace deal in the Ukraine crisis still faltered. reinforced the feeling.The…
The dollar climbs slightly, on track for a third straight day of gains
FILE PHOTO: Euro, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this illustration, January 21, 2016. REUTERS/Jason Lee By Chuck Mikolajczak NEW YORK (Reuters)…
Russia and EU Russia-related sanctions to date
The EU has responded to the conflict in Ukraine with the following sanctions (listed by date, starting with the most recent):
March 15, 2022: The Council approved a fourth set of sanctions against Russia. The sanctions…
Making the switch – beating the looming stampede as KBC and Ulster Bank exit the market
Hundreds of thousands of bank customers will have to find new homes for their checking accounts and savings in the coming months as the exodus of Ulster Bank and KBC Bank from the Irish market draws closer.These customers will start to…
Elon Musk challenges Vladimir Putin to ‘single combat’ against Ukraine
Western nations have sought to punish Russia for invading Ukraine by imposing economic and financial sanctions and excluding certain Russian banks from the ubiquitous SWIFT messaging system, known as the World Bank's Gmail.It raised…
EUFN: European financial stocks remain cheap (NASDAQ:EUFN)
KanawatTH/iStock via Getty Images iShares MSCI Europe Financials ETF (NASDAQ:EUFN) is an exchange-traded fund that provides exposure to financial companies in Europe. The fund's benchmark is the MSCI Europe Financials Index and boasts…
Bank official says permanent TSB didn’t ‘turn a blind eye’ to loan terms in…
A former senior bank official says Permanent TSB would not have 'turned a blind eye' to a condition that Michael Lynn repay a 1.9 million euro loan, his trial heard for theft of millions of dollars…
Analysis: For the falling euro, ECB intervention is probably too far
A symphony of light made up of bars, lines and circles in blue and yellow, the colors of the European Union, illuminates the southern facade of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany, on December 30, 2021…
At the top of the banks of Europe, it is still a world of men
ZURICH/FRANKFURT, March 8 (Reuters) - Women remain rare in the upper echelons of European banks.The 25 largest banks by assets have seen 22 CEO and chairman changes in the past two years, including announcements of upcoming appointments,…
How the West staged a stunning show of unity against Russia
The Europeans were also reluctant to ship lethal weapons to the Ukrainian military, even those classified as defensive. Fearing a backlash at home, Germany and its neighbors have limited themselves to sending protective equipment such as…
War and Sanctions Mean Higher Inflation
March 5, 2022RUSSIA MAY tried to build a "fortress economy", but it is the West that currently seems financially impervious. Compared to the deep economic crisis caused in the country by Western sanctions, the consequences for the rich…
Inflation in 19 countries using the euro sets a record 5.8%
LONDON (AP) — Soaring energy costs have pushed inflation in Europe to a new high, raising questions about when the central bank should step in to ease the pain in people's wallets as the invasion of Ukraine by Russia shakes the world…
Western sanctions aim to isolate Putin by undermining the ruble
By targeting Russia's central bank with sanctions, experts said, US and European leaders have targeted what may be one of President Vladimir V. Putin's greatest weaknesses: the country's currency.In Russian cities, anxious customers began…
ANALYSIS-The ECB must fight the real estate bubble with its hands tied
From Luxembourg to New Zealand, global property prices have risen as the pandemic revival and shift to working from home fueled a multi-year boom driven by historically low interest rates. But while authorities from Auckland to…
Why Special Drawing Rights Cannot Be Paid Through Regional Banks–IMF
The International Monetary Fund explained that it was impossible for its special drawing rights (SDRs) to pass through regional banks.
The IMF said this to respond to the debate over the channeling of SDRs through regional banks such as…
How a Russian-Ukrainian conflict could affect global markets | WKZO | All Kalamazoo
By Karin StroheckerLONDON (Reuters) - A possible invasion of Ukraine by neighboring Russia would be felt in a number of markets, from wheat and energy prices to the region's dollar sovereign bonds and safe havens. and stock markets.Below…
Betting on it is not so easy for seniors in Javea
JOSE CHULVI: Mayor of Javea concerned about lack of personal attention from banks Photo credit: Javea Town HallJAVEA Mayor Jose Chulvi has met with local bank managers to air local dissatisfaction with the lack of personal attention.Chulvi…
The link between inflation and corruption – GIS Reports
Current inflation levels are the result of progressive corruption in political systems.
Governments rely on generous handouts to buy political support – but they fund these measures with embezzled money. © GIS
Irresponsible fiscal…
Irish central bank deputy governor Sibley to resign By Reuters
© Reuters.
DUBLIN (Reuters) - Ireland's central bank deputy governor for prudential regulation, Ed Sibley, will leave office at the end of August to pursue opportunities in the private sector, the bank said on Monday. Sibley, who…
GBP EUR exchange rate: weekly review on February 12
The GBP/EUR exchange rate spent the week looking to recover from the central bank's sell-off the previous week. The European Central Bank had finally declared that there was a possibility of a rate hike this year. In…
CBN ends currency sales to banks
The Central Bank of Nigeria (CBN) has announced its intention to stop selling foreign currencies (forex) – US dollar, euro, pound sterling, among others – to banks.
The apex bank had warned depository banks (DMBs) that it would stop selling…
A strange story is unfolding in Europe as the UK yield curve flattens while Germany’s steepens
The front-end of yield curves are rising globally, as central banks react to stubbornly high inflation by raising interest rates and promising more action to come. But a key difference is emerging in the bond market.…
Meta weighs on US stocks, European stocks rally after rout
WASHINGTON/LONDON (Reuters) - Wall Street stocks ended lower overall on Monday as European stocks rose after five straight weeks of declines and European bond yields soared on speculation of monetary tightening .
Markets are on high alert…
The Day – Putin could prepare Russia for any sanctions related to Ukraine
US President Joe Biden has said sanctions if Russia invades Ukraine will have a "devastating impact" on its economy. But after the Kremlin has spent the past eight years preparing for more sanctions, economists say the pain may not be!-->…
EIB Group invests record €257 million in Slovenia in 2021
LJUBLJANA (Slovenia), February 4 (SeeNews) - The European Investment Bank Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has invested a record $257 €2 million ($291.3 million)…
Supply of credit in euros: drop in supply from companies; increase in the financial offer in 2022 |…
Summary
Substantial business offer in week 2, driven by Real Estate
The supply from companies amounted to €36 billion in January, to start the year. This was mainly driven by the substantial level of supply coming in week 2, a…
Asian markets rise as traders are supported by another Wall St rally
Published on: 02/01/2022 - 03:44Amended: 02/01/2022 - 03:42
Hong Kong (AFP) - Asian markets rose in limited trade on Tuesday after another strong lead from Wall Street fueled by a rebound in…
Crypto Volatility Hits Banks, Celebrities, and Everyday Investors
The value of most cryptocurrencies has plummeted in recent weeks, wiping out billions of dollars in wealth.And instead of primarily hurting cryptocurrency enthusiasts, like previous crashes, the impact was widely felt.Cryptocurrencies have…
Global stock markets falter on central bank inflation concerns
European and US stocks fallOil near highest since 2014Dollar has its best week in seven monthsChart: Global Asset PerformanceGraphic: world exchange ratesWASHINGTON, Jan 28 (Reuters) - Global stock markets fell again on Friday as investors…
Tuum gets $16.9 million for its banking network
Estonia-based FinTech Tuum, formerly Modularbank, has announced a €15 million ($16.9 million) funding round, according to Sifted.
The round was led by Portage Ventures, a global investor focused on FinTech companies, and was joined by…
Eurozone bond yields rise slightly as stocks rebound
Links to the breadcrumb PMN Company Author of the article: Content of the article LONDON — Euro zone bond yields rose on Tuesday as the rally in equities and rising oil prices sent sovereign debt markets into trouble.…
Investors take refuge in US regional banks as Fed hikes loom
The SPDR S&P Regional Banking ETF was up 2% year-to-date on Friday afternoon, compared to a 6.6% drop for the S&P 500. Gains in some individual banking stocks were even more eye-catching: Shares of Citizens Financial Group Inc are…
Digital money is under scrutiny from the Fed
A US government-backed digital dollar could lead to faster money transfers and be more accessible than the current banking system, according to a new document from the Federal Reserve (via CNBC).
The document is meant to act as “the…
Inflation breaks records, oil at $100 also looms
Published:
January 20, 2022 12:03:32
Already less transitory than expected, central bankers' inflationary puzzle may be about to get worse as they face the prospect of oil above $100 raising consumer expectations for oil. prices…
Oil prices hit their highest level in seven years
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Fresh figures from the ONS this morning paint a mixed picture of the labor market.
As the number of jobs has strengthened – payrolls rose by 184,000 in December and the unemployment rate fell to 4.1% between September and November…
The digital Euro takes shape in 2022 | Hogan Lovells
The European path to a central bank digital currency (CBDC)
Most central banks are in the process of evaluating, designing or even launching a digital version of their official currency - as an alternative means of payment based on a…
CEE MARKETS-Forint hits 3-month high on rate hike hopes, other currencies muted
By Anita Komuves BUDAPEST, Jan. 11 (Reuters) - The Hungarian forint strengthened to a three-month high on Tuesday, supported by the prospect of higher interest rates, while other central European currencies have moved little. The forint,…
Financial strength of UAE banks, according to central bank
Key indicators of financial soundness such as the liquidity, funding and…
Shares of Italian Carige surge as bidders line up
The Carige Bank logo is seen in Rome, Italy on April 16, 2016. REUTERS / Stefano Rellandini / File PhotoRegister now for FREE and unlimited access to Reuters.comRegisterThe owner will select the preferred bidder on MondayItalian BPER rivals…
Auto makers put European stocks on track to record close
The DAX chart of the German stock index is pictured on the stock exchange in Frankfurt, Germany on July 12, 2021. REUTERS / StafFRegister now for FREE and unlimited access to Reuters.comRegister nowNestlé tumbles on Jefferies…
Central bank digital currencies, regulations will be trends to watch in ’22
In 2021, the crypto industry grew exponentially as Bitcoin hit all-time highs, rising from $ 29,000 at the start of the year to $ 68,000 in October, up 130%.
In the second half of…
Callisto Tanzi, founder of Parmalat convicted of huge bankruptcy in 2003, dies at 83
Businessman Callisto Tanzi, who turned a small family-owned dairy business into the multinational food powerhouse Parmalat only to see it collapse in one of Italy's largest fraudulent bankruptcies, died on Saturday at the age of 83…
dismissals, criticisms, compensation … and tariffs
By the end of 2020, it was clear that Ulster Bank's days in the Republic were numbered as its UK parent company, NatWest Group, was in the throes of a strategic review of the unit. Not many people…
Tech and healthcare stocks lead European stocks lower as Omicron cases swell
The DAX chart of the German stock index is pictured on the stock exchange in Frankfurt, Germany on December 27, 2021. REUTERS / StaffRegister now for FREE and unlimited access to Reuters.comRegisterBanks and tech surpass the STOXX 600…
A transatlantic strategy to verify the Chinese Belt and Road initiative
Eight years after the announcement of the Belt and Road Initiative (BRI) - first conceived as One Belt, One Road - the European Union (EU) has a good plan to counter it and become a stronger geopolitical actor in the world. era of…
Investors prepare for test of nerves in 2022
Now is the season to pontificate whether stocks continue to rise in 2022, and if so, at what rate. The problem is, this is a delicate question.So how do you answer them? For demanding market experts who honestly have no idea what's…
Goldman Sachs says negative views on exaggerated British pound may recover against euro
Image © Adobe Stock
The outlook for sterling is not as bad as current investor sentiment suggests, according to a leading Wall Street investment bank.
Goldman Sachs sees some "positive progress" in the fundamentals of the pound sterling…
Bank of Montreal buys the American unit of BNP Paribas
The cash transaction would facilitate Bank of Montreal's expansion into the United States, where it has worked to strengthen its presence in recent years. Together, the banks are said to have some $ 870 billion in assets. The deal is…
From sovereign to banking, the support of the Federal Reserve and shareholders is facing changes.…
Do the central banks which decided on the first - at least official - tightening of their expansionist policies really have the fight against inflation as a guiding principle? Thinking back to the excitement Neglect in the Middle East and…
EU leaders have set no date for banking union and call for plan to get there
EU flags fly in front of the headquarters of the European Commission in Brussels, Belgium, October 2, 2019. REUTERS / Yves Herman // File PhotoRegister now for FREE and unlimited access to Reuters.comRegisterBRUSSELS, Dec. 16 (Reuters) -…
Shares of Italian bank Carige surge after BPER Banca offer
The Carige Bank logo is seen in Rome, Italy on September 20, 2018. REUTERS / Max RossiRegister now for FREE and unlimited access to reuters.comRegisterMILAN, Dec. 15 (Reuters) - Shares of Italian lender Carige (CRGI.MI) rose more than 15%…
Is sovereignty the driving force behind the digital euro agenda? – General ledger information
Last Friday, Fabio Panetta, member of the board of directors of the European Central Bank (ECB), spoke about the digital euro during a speech in Rome, mentioning sovereignty as the first benefit of the launch of a digital currency of…
Why the rise of the dollar will not last
December 11, 2021THERE IS SOMETHING slightly boring about the gross health of the dollar. It seems as inevitable as lying politicians and stormy winters. the DXY, a gauge of the dollar against half a dozen other rich world currencies, is…
The biggest startups in the world: the best unicorns of 2021
The most popular social networks in the world and who they belong to
Currently, more than 4.5 billion people around the world use some form of social media, or around 57% of the world's population.
Yet while the social media audience is…
Asian stocks rebound after one-year low, China benefits from monetary easing
People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic board displaying Japanese stock prices outside a brokerage house in Tokyo, Japan , October 5, 2021. REUTERS / Kim…
Raiffeisen, Erste Bank in Austrian wholesale CBDC simulations – Ledger Insights
Austria's central bank, Oesterreichische Nationalbank (OeNB) begins work on the second phase of its wholesale central bank digital currency (CBDC) Delphi project. The first phase focused on simulating the delivery against payment of an…
Stora Enso signs a € 700 million revolving credit facility
Stora Enso signs a new € 700 million revolving credit facility (RCF) agreement with a syndicate of 12 banks to refinance its existing € 600 million facility. The five-year facility has two one-year extension options and will be used…
Aussie and kiwi slip, yen rises on Moderna CEO’s Omicron warning
Illustrative photo of US Dollar, Swiss Franc, British Pound and Euro banknotes, taken in Warsaw on January 26, 2011. REUTERS / Kacper Pempel / File PhotoRegister now for FREE and unlimited access to reuters.comRegister nowNov. 30 (Reuters)…
U.S. Jobs Report Expected to Show Another Big Increase: A Green Week Ahead
(Bloomberg) - Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Bloomberg's Most ReadU.S. employers likely added more than half a million workers for a second straight month in November, pushing…
Why the bond market has gotten more nervous
November 27, 2021JSOULS MADDISON was sure he had scored. As his free kick broke through the wall of Arsenal players, a goal seemed certain. Somehow Arsenal goalkeeper Aaron Ramsdale got his hands on the ball and held it aside. “Best save…
2021, 2022 and 2023 (November update)
Well Fargo Investment Bank 2021-2022-2023 Exchange Rate Forecast - updated November 2021.
Tightening of the Fed to support the dollar with the risk that more aggressive hikes are needed.
The euro will be…
Donohoe publishes terms of reference for banking review
The finance minister has released the terms of reference for a “broad” review of the retail banking sector, which will examine the services provided by both banks and non-banks, as the latter become more active in the offer of credit to…
Used to turmoil, Dutch trader Wynaendts prepares for Deutsche chairmanship
The Deutsche Bank logo is seen in Hong Kong, China on July 8, 2019. REUTERS / Tyrone SiuRegister now for FREE and unlimited access to reuters.comRegister nowAlexander Wynaendts oversaw the bailout and deals as CEO of AegonTakes the helm at…