‘Climate Neutrality Must Be Achieved By 2050’: The EU Bloc Leaders
The EU Summit leaders’ footnote to final statement shows support for the “mid-century goal”.
Economy
Slashing Greenhouse Gas Emission Could Cost 40% Higher For Britain Than Previously Estimated
“BEIS’s own analysis find the costs to be 40% higher”, wrote Hammond.
China Agrees To Accept Reasonable Rare-Earth Demand
Amid speculations of China dominating in rare-earth exporters’ market, the country showed signs of meeting other countries’ demand on conditions.
No-Deal Brexit Endangers The U.K.’s Future: Hammond
Amid the race to win the seat of Britain’s Prime Minister, the British Finance Minister warns that leaving without a deal from the bloc should not be an option.
Low Rates Are ‘A Boon For Banks’: ECB’S de Guindos
ECB’s vice-president sees low rates as a means to recover the economy of Europe.
Italian Deputy Prime Minister Demand For ECB’s New Role In State Debt Guarantee
The winning leaders of EU parliamentary election suggest EU fiscal rules reform, while Salvini urges for a new role of ECB in state debt guarantee.
New York Emerges As The New Global Finance Centre In Survey
Brexit’s shadow of uncertainty has grown into “a full-blown crisis”, reveals annual survey.
Post-Election Indian Economy May Encounter A Shock In Fuel Price Hike
Economists inform that the Indian consumers may need to brace themselves to experience a “painful” increment in fuel prices.
White House Received New Sanctions’ Package For Russia: Bloomberg
The U.S. to retaliate with further sanctions on Russia, as the latter failed to provide assurance on the usage of chemical weapons.
German Economy’s Record High Employment Data Kindles Hope
Amid global economic uncertainties, Germany depends on domestic demand to sane its economic performance for this year. What to the data tell us?
Pre-Recession Alarm Lurks Behind Britain’s ‘Headline Employment Figures’
Uncertainties of Brexit slow down Britain’s economy, although 2018’s employment figures seemed promising. Nevertheless, researchers find that policymakers may have to worry about something else.
S&P Global Predicts The ‘Global Sovereign Debt’ To Touch ‘$50 Trillion’ This Year
The forecast on global debt warns that it will eat into 70% of refinancing for paying long-term debts that are maturing.
Greece Proceeds With Two Plans To Deal With Bad Loans
Greece is preparing parallely on asset protection scheme for cutting down on the pile “sour loans”.
Business Lobbies in Turkey Reveal Stricter Policies Aimed At Lira Stabilisation
Disputes will be solved diplomatically, informs the TUSIAD & TOBB Union of Chambers and Commodity Exchanges.
Fiscal Reform To Be Part of Italy’s Next Budget, Informs Economic Minister of Italy
An introduction for the fiscal reformation is planned by the government of Italy as promised to the EU regarding the country’s “public finances”.
Expecting ‘Couple More’ Rate Hikes Down The Line Is Reasonable, Says McCafferty of BoE
Depending on the performance of the economy, BoE could raise rates in the coming two years.
Bank Of France Governor Perceives Looming Risks On Global Growth
The economic outlook weighed down by uncertainties appear “relatively less” affective on the inflation outlook.
U.S. ‘Federal Reserve Economic Data’ Includes 4 Series of Crypto-Currencies In Its Database
The inclusion of crypto index in the FRED database signals the maturity of them.
IMF’s Managing Director Finds Trade Barriers ‘Frustration’
Ten years of international trade re-structuring efforts are being undermined by the introduction of “barriers”.
European Commission Welcomes Paris & Berlin Together On ‘Deeper Euro-Zone Integration’
The European Commission terms Macron and Merkel’s agreement as a “crucial political step”.
Norwegian Unemployment Drops To Lowest In Nine Years
The analysts’ prediction of rate hike for September has been reinforced with the performance of May 2018.
Britain’s Finance Industry Urges The Government For A ‘Special Work Visa’ Post Brexit To Preserve The Global Financial Capital’s Importance
With the concerned brows the finance industry of Britain looks forward to shape the immigration scenario for working staff.
Greece To Overcome ‘Debt Piles’ Without ‘Credit Line’ & ‘Extra Austerity’
The EU investors and Greece are working closely to relieve the latter’s debt burden without backtracking its “reform”.
China Opens Doors For Foreign Investors To Develop Its Domestic Chip Market
In an attempt to manage its “core technology”, China moves towards securing independence for its tech industry.
Expectations Get Mired As Data Reveal Weak Industrial Output In Comparison To Expectations
Energy output fails to offset goods production slump resulting in weaker euro-zone industrial production in February.
Britain’s Finance Service Industry Will Not Face Job Exodus: Brexit Minister David
The Brexit minister says the “most successful financial” centre of the world will retain the “critical mass” post Brexit.
Europe Attracts Investors Under Germany-France Leadership As Global IPO Proceeds Jump In The First Quarter
Businesses take advantage of “strong secondary markets”, equity performance, which boosted C.E.O. confidence.
First Quarter Of 2018 Show The Strongest Growth In M&As In The Global Markets
World events, decisions of leaders, tax reformations, trade tariffs, along with confidence rise in corporate sector have pushed companies to undertake deals with “strong strategic sense”, although the investors seem reluctant in big scale acquisitions.
Economists Give Thumps Up To GDP Growth In The U.S. Beyond The Gloominess Hovering On Q1’s Results
Economists consider that a temporary weakness may prevail on the quarter one’s GDP growth while the rest of the year will still be “fine”.
Tim Cook Calls For ‘Calm Heads’ Amidst The ‘Brewing U.S.-China Trade Dispute’
China will strengthen its business intellectual property protection while treating the domestic and the foreign firms equally.
Kashkari Of Fed Recommends A Wait Before Interest Rate Hike
Market needs to be allowed to work as people need to find job to use up the “slack” in the labour market. However, if the interest rates are to be increased, the ongoing process of employee hiring would be slowed down.
Amigo Gears Up For London Stock Market Float
JP Morgan & RBC gets appointed for examining the potential ‘500 million pounds” London IPO.
The U.S. Tax-Reform Could Fuel Up The Cost Of Investment Warns BASF
High costs of investment are already makes it difficult in carrying out “investments on time and on budget”.
BoE To Remain Firm With Insurers’ EU Capital Rules & To Turn ‘Easier For New Entrants’
No “big alteration” will be entertained in haste by BoE when it comes to the alteration for reducing the “burden” of the E.U. capital rules.
BoE’s Rate Hike On The Cards Worries Economists After The Recent Data On British Economic Performance Of 2017
Even though, the British economy outperforms the initial blows of Brexit, the performance still keeps the country “lagging” behind in “global recovery”.
Investing In Britain’s Housing Sector In 2018 Could Be Profitable, Indicates Economists’ Poll
2018 comes with a positive outlook for Britain’s construction sector even though the designated hour of Brexit draws closer.
The Absence Of A New German Government Couldn’t Shake The Country’s Economic Confidence
Economists find, the German economy “faring well” even at the backdrop of the current affairs.
The Collapse Of Carillion Leaves The U.K. Government With No Choice But To Intervene
After a life span of two hundred years, Carillion dissolved through forced liquidation giving way under “ballooning debt pile” as the U.K. government came to the rescue to “ensure” a continued “public services”.
Economists See No Threat In The Declining Graph Of Britain Manufacturers For December 2017
Some economists think that the current slag in the performance of British factories would not give way to further decline, while others see the “vitality” of the sector’s recovery pace being lost soon in the coming days.
Economic Frustration Deepens To A ‘Crisis Of Expectations’ In Iran
The government of Iran may have to change their conservative policy to pacify the dissatisfied, protesting crowd.
The Governor of BoE Points Out ‘Fundamental Problem’ With Central Banks Issuing Cryptocurrencies For General Public
Carney thinks that pushing crypto-currency for the public use by central banks could risk “financial stability”.
The EU Strikes An Investigation Chord Heightening The Trade Tension Between Beijing & Brussels
Excessive subsidiaries received by the Chinese e-bike manufacturers push the EBMA to lodge complaint, whereby adding yet another investigation in the list of investigations carried out by the EU towards Chinese exports.
‘Big Institutional Investors’ Could Be Drawn To The Debut Of The 2nd ‘Bitcoin Futures’
The trading volumes in the crypto-currency market seem to be on the rise, yet the analysts continue to draw our attention to its volatile nature and the underlying “unregulated” cash market. Nevertheless, the bitcoin futures are growing in numbers and are likely to bring in the “big institutional investors”.
Bundesbank Urges Not To Take German Economic Race Lightly
Low interest rates and positive economic environment in German could be taking attention of the “market participants” away from “rising risk”.
Coinome: The First ‘Crypto-Currency’ Exchange In India Dealing In 20 ‘Mainstream Crypto-Currencies’
BillDesk has launched the first exchange for crypto-currencies in Indian market.
Germany scouring for funds to upgrade its broadband services
While many proposals have called for the government to sell its stake in Deutsche Telekom and utilise the proceeds thereof for upgrading its broadband infrastructure, Merkel’s party is confident that Germany’s economy is strong enough to support a separate 5G network, in addition to its fibre-optic broadband network.
Blackstone & BlackRock to open offices in Saudi Arabia eyeing its lucrative market
Saudi Arabia is making rapid strides to diversify its economy and wean itself off its oil-dependent export economy.
Britain to release its GDP data on a monthly basis
Expecting a significant slowdown following its decision to leave the EU, Britain now aims to take quick corrective moves by this step.
UK in no hurry to raise interest rates: Deputy Governor of BoE
In a development that is largely consistent with general expectations, Brexit is taking a toll on the British economy.
Eurozone’s finance ministers will continue to monitor Greece’s economy post bailout programme
With eurozone’s economic bailout package ending in August 2018, finance ministers from the group opine that post bailout Greece will need to be fully prepared before it can enter the market financing.
