EU News Digest Latest News & Updates
Victoria Jones – PA Images | PA Images | Getty Images Prime Minister Theresa May leaving 10 Downing Street, London, ahead of Prime Minister’s Questions. Senior U.K. ministers are busy discussing U.K. Prime Minister Theresa May’s plan for Brexit, with speculation that some key lawmakers could resign if they are …
Read More »Sterling could jump 8% if Brexit deal gets approved by UK Parliament, experts say
Sterling is still down by over 10 percent since the U.K. voted to leave the European Union in June 2016. The process to leave the bloc has proven long and rich in technical details. The departure date has been scheduled for March 29 next year — meaning that negotiators have …
Read More »Central bank independence – Is that even a thing?
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, right, walks with Mario Draghi, president of the European Central Bank (ECB), during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Friday, April 20, 2018. But …
Read More »Swiss Asset Management Company sales on the rise
Sales of Swiss asset management companies are on the rise, especially to foreign investors. 2018 has seen a big year for the sales of Swiss asset management companies. This is partially attributed to the fact that the Swiss asset management license is very versatile, allowing not only for asset management, …
Read More »Russia warns OPEC against ‘hasty’ policy changes, says oil market volatility could be here to stay
Omar Marques | Anadolu Agency | Getty Images Russia Energy Minister Alexander Novak pictured at a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria on November 30, 2017. OPEC and non-OPEC exporters must stick to a consistent message if …
Read More »dialogue with the European Commission will go on
Simona Granati | Corbis | Corbis News | Getty Images ROME, ITALY – OCTOBER 04:Economy Minister Giovanni Tria speaks during the presentation of the ASviS 2018 Report ‘Italy and the Objectives of Sustainable Development’ at the Chamber of Deputies, on October 4, 2018 in Rome, Italy. The Italian government will …
Read More »Inflation has hit 25% in Turkey but now the central bank must hold its ground
Yasin Akgul | AFP | Getty Images A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, on August 8, 2018. Consumer price growth has hit a whopping 25 percent in Turkey, but the real challenge lies in the central bank not bowing to pressure to …
Read More »European stress test 2018 results revealed
Daniel Roland | AFP | Getty Images Daniele Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism, SSM, of the European Central Bank, ECB. Results of the stress test of Europe’s bigger banks released Friday revealed that all of the financial institutions in the EU wide examination passed …
Read More »Novo Nordisk earnings Q3 2018
John Mcconnico | Bloomberg | Getty Images A lab technician at Novo Nordisk conducts in vitro research in Malov, Denmark. Denmark’s Novo Nordisk reported weaker-than-expected earnings on Thursday, citing currency headwinds. The world’s top maker of diabetes drugs posted net profit of 9.037 billion Danish krone ($1.374 billion) for the …
Read More »UK’s Brexit minister says he expects a deal by Nov 21, sterling rises
Dursun Aydemir | Anadolu Agency | Getty Images EU Chief Brexit Negotiator Michel Barnier (R) and Britain’s Brexit Secretary Dominic Raab hold a joint press conference at the European Commission in Brussels on August 31, 2018. The U.K.’s Brexit secretary, Dominic Raab, told lawmakers Wednesday that he expects the country’s …
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