Euro News

Markets Down on Cyprus Bailout Crisis

18 Mar 2013 @ 13:12
Stock markets around the globe treaded downhill in reaction to the planned bailout of Cyprus that will see deposits in banks within the island state charged a one-time levy to avert bankruptcy – a move that spark public rage amongst Cypriots as well as emptying of ATM’s. On Saturday, the European Union and the International […]
 

“Greece should leave euro” - Dobraindt

09 Mar 2013 @ 22:10
Leading ally of German Chancellor argues currency will be stronger without Greece Alexander Dobraindt, leader of Germany’s Christian Social Union (CSU) and a close ally of Chancellor Angela Merkel, has argued that the euro would be stronger without Greece. Arguing that the “greatest risk for the euro is still Greece” Mr Dobraindt said that whilst […]
 

British AAA Downgrade and Pound Sterling Timeline – News and Analysis

27 Feb 2013 @ 16:59
The full story and the fallout from the UK downgrade and the Pound Sterling falling. UK GDP Growth Grows Beyond Previous Estimate PUBLISHED:  27 Feb 2013 @ 12:11 The British economy grew more than expected, updated figures from the UK’s Office for National Statistics (ONS) revealed earlier today. In its report, ONS showed UK’s gross domestic […]
 

Euro Crisis: FTSE, DAX, Cac 40 and MIB fall after Italian vote

26 Feb 2013 @ 12:00
Italian election leaves inconclusive result causing sharp market falls European markets have opened to falls following an inconclusive result in the Italian elections, with the Frankfurt and Paris exchanges falling by over 2%. Closing whilst election results were being announced New York’s Dow Jones Industrial Average fell by 1.55%. By late morning trading Europe’s major […]
 

Eurozone To Shrink in 2013

22 Feb 2013 @ 16:04
The Eurozone is expected to shrink further in 2013, the European Commission acknowledged, reversing its earlier forecast of growth in the 17-member Euro-denominated region as their economies undergo a “balance-sheet adjustment process” that will weigh on short-term growth. In a report today, the Eurozone is expected to contract by 0.3% after shrinking by 0.6% in […]
 

Bumi Battle Just Beginning?

22 Feb 2013 @ 15:10
Nat Rothschild left the Bumi shareholders meeting in London yesterday, 21 February, having lost a major battle, but vowing to fight on.  Nineteen of Rothshild’s 22 proposed resolutions were  rejected by shareholders.  The Bumi share price followed by continuing its year long 60% decline with a 21.3 pence plunge (5.44%) to 370.0 shortly past midday […]
 

G20 Commits To Address Tax Avoidance

18 Feb 2013 @ 19:40
Finance ministers and central bank governors of the G20 member states pledged to take necessary actions to prevent the practice of tax base erosion and profit sharing, following the conclusion of the G20 summit in Moscow. The move came following the discovery in recent months that some multinational corporations had paid little or less taxes […]
 

Pound Falls in Months Low Against Dollar, Euro

18 Feb 2013 @ 14:02
British Pound Sterling fell to its lowest in nearly seven months against the US Dollar after Martin Weale, a member of the Monetary Policy Committee of the Bank of England said in a speech engagement last Saturday, 16 February, that the “most natural means” to reduce the UK’s trading deficit is for the currency to […]
 

German and French economies contract

14 Feb 2013 @ 10:41
Both Germany and France saw their economies contract at the end of 2012 Newly released figures show that Germany, the Eurozone’s largest economy, contracted by 0.6% during Q4 of 2012, whilst France’s saw a 0.3% contraction during the same period. Germany and France’s GDP figures reflect wider problems within the Eurozone and Europe, with Spain, […]
 

GSK Betting on Robust R&D Pipeline

07 Feb 2013 @ 15:41
GlaxoSmithKline (LSE:GSK) may be the perfect example of how investors should look at pharmaceutical companies differently than others.  The company share price has remained relatively unchanged in the 1450.0 areas  since 29 January, despite reporting “flat” sales for the full year ending 31 December 2012 on 06 February.  Shares have dropped modestly today by 0.90% […]
 
 
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