Category: Europe

As the U.K. comes closer to the start of the process to leave the European Union, U.K. businesses are ignoring the political talk, the director general of the British Chambers of Commerce warned. The higher house in the U.K. parliament defeated a government bill on Tuesday for a second time, demanding to vote on the…

European shares edged up on Wednesday after minor gains in Asia as Chinese import data signaled a recovering economy, while the dollar rose before jobs numbers that could help cement expectations that U.S. interest rates will rise next week. The pan-European STOXX 600 index inched up 0.1 percent, after falling for the previous four trading…

Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with the prospect of rising borrowing costs rippling from the United State to Europe. Low rates, money printing and a penalty charge for hoarding cash have been at the heart of attempts to…

Australian banks seeking permission from the country’s competition regulator to bargain collectively with Apple Inc (AAPL.O) over its mobile payment system said on Monday they will focus on gaining access to the U.S. tech company’s contactless payment function, removing the fees Apple charges as a bone of contention. Commonwealth Bank of Australia (CBA.AX), Westpac Banking…

Societe Generale‘s fourth-quarter net profit fell by around two-fifths due to the negative impact of higher taxes and a unit sale, France’s third largest bank by assets announced on Thursday. However, the net profit figure of 390 million euros ($417 million) still came in ahead of analyst expectations of 354 million euros in a Reuters…

Last year saw 27.5 billion euros ($29.4 billion) invested to finance the development of wind energy in Europe, a 5 percent increase compared to 2015, according to new figures from industry body WindEurope. In total, 12.5 gigawatts (GW) of capacity was added across the European Union (EU) – 3 percent less than installations in 2015…

European financial markets struggled with growing economic and political concerns on Tuesday as the euro neared its biggest fall this year and bond yield spreads over Germany reaching the widest in several years. The dollar sped higher toward its biggest gain in a month against a basket of major currencies after jumping against the offshore…

The UK economy may slow down in the next couple of years, even while the world economy picks up, a report says. The National Institute of Economic and Social Research (NIESR) revised up its forecasts for UK growth to 1.7% this year and 1.9% in 2018. However, both would still be a slowdown from the…

Global investors with operations in the U.K. looking to relocate have identified Germany as the top destination following Britain’s decision to leave the European Union, according to the latest EY study. Brexit has caused global investors to reassess their assets in the U.K., with 14 percent of foreign investors with a presence in the U.K.…