Category: Euro

Asian markets cautiously mixed ahead of expected US tariffs; euro on the back foot – CNBC – Euro

CNBC Asian markets cautiously mixed ahead of expected US tariffs; euro on the back footCNBCAsian markets were mixed on Friday as investors awaited developments on the trade front ahead of the expected unveiling of U.S. tariffs targeting China. Clues from the European Central Bank on Thursday on its bond-buying program also led to major moves …Asian…

Pound Beats Euro for Aberdeen as Brexit Compromise Reduces Risks – Bloomberg – Euro

Bloomberg Pound Beats Euro for Aberdeen as Brexit Compromise Reduces RisksBloombergThat’s according to Aberdeen Asset Management’s James Athey, who is betting on the U.K. currency to gain versus the euro and reckons too much bad news is priced in for sterling. The pound strengthened Thursday as U.K. retail sales jumped more than … and more » Source…

VW fined one billion euro by German prosecutors over dieselgate – Reuters – Euro

Reuters VW fined one billion euro by German prosecutors over dieselgateReutersBERLIN (Reuters) – Volkswagen (VOWG_p.DE) was fined 1 billion euros ($1.18 billion) over diesel emissions cheating in what amounts to one of the highest ever fines imposed by German authorities against a company, public prosecutors said on …VW says will pay 1 bn euro German fine…

Italy’s Savona says euro ‘indispensable,’ praises Germany – Reuters – Euro

Reuters Italy’s Savona says euro ‘indispensable,’ praises GermanyReutersROME (Reuters) – Italy’s new minister for EU affairs sought to reassure investors and other European capitals on Tuesday about the government’s stance on monetary union, saying the euro was “indispensable”, and denying he ever suggested leaving the … and more » Source link

Euro Mauled by Political Risk Is Ready to Be Revived by Draghi – Bloomberg – Euro

Bloomberg Euro Mauled by Political Risk Is Ready to Be Revived by DraghiBloomberg“The euro is quite attractive for a couple of reasons,” Gerard Fitzpatrick, the chief investment officer for Europe, Middle East and Africa at Russell, said in an interview with Bloomberg Television. “One is on the valuation side…and also where the … Source link

French and German armor makers test the waters with a ‘Euro-tank’ – DefenseNews.com – Euro

DefenseNews.com French and German armor makers test the waters with a ‘Euro-tank’DefenseNews.comPARIS ― France’s Nexter and Germany’s Krauss-Maffei Wegmann pitched a cross between a Leopard 2 chassis and a Leclerc turret at the Eurosatory trade show in Paris on Monday. Officially dubbed the European Main Battle Tank, or EMBT, the vehicle is …Eurosatory 2018: Franco-German industry…

Financial Times Germany backs call for shifting euro clearing from London after BrexitFinancial TimesGermany’s finance minister Olaf Scholz has called for the re-location of London’s euro clearing business after Brexit and suggested it should move to Frankfurt. The Social Democrat and former mayor of Hamburg backed the plans of Deutsche Börse chief … Source link

How Italy’s new government could sink the euro – Washington Times – Euro

Washington Times How Italy’s new government could sink the euroWashington TimesThe European Union’s common currency and lax immigration enforcement have done much to smother prosperity and suppress wages for ordinary workers. As in America, the intelligentsia and governing elite drink the Kool-Aid that the robust growth the West … Source link