Category: Europe

The German lender Deutsche Bank has received a new $204 million fine for inadequate anti-money laundering controls. The British regulator Financial Conduct Authority (FCA) said Tuesday morning that Deutsche Bank exposed the U.K.’s financial system to the risks of financial crime between January 2012 and December 2015. According to the FCA, Deutsche Bank failed “to…

Oil prices rose on Thursday, driven up by a weakening dollar, though gains were capped by plentiful supplies and bulging inventories despite efforts by OPEC and other producers to cut output to prop up the market. Benchmark Brent crude was up 50 cents a barrel at $55.58 by 0900 GMT. U.S. light crude was up…

European stocks and bond yields dropped on Monday and the dollar hit a six-week low after U.S. President Donald Trump began his term in office with a protectionist speech that pushed a nervous market into safe-haven assets. World stocks hit multi-year highs earlier this month on expectations Trump would boost growth and inflation with extraordinary…

European stock benchmarks were little changed as investors awaited the European Central Bank’s policy meeting, when they’ll look for clues as to when the institution may begin curtailing its stimulus measures. The Stoxx Europe 600 Index rose fractionally to 363.1 at 08:14 a.m., with the banking sector climbing 0.6 percent. The Stoxx 600 has been…

U.K. Chancellor of the Exchequer Philip Hammond said he’s confident the pound will find an “appropriate level” as Britain progresses with its plan to exit the European Union. While short-term movements in the currency “can be irritating at times,” the U.K. government has “a high degree of confidence in forex markets,”  Hammond said in an interview…

European shares fell on Thursday in early deals, weighed down by healthcare stocks after U.S. President-elect Donald Trump targeted pharmaceuticals’ drug pricing in a press conference. Europe’s healthcare sector index dropped 2.2 percent, the biggest sectoral faller, and headed for its biggest loss since November. The pan-European STOXX 600 index was down 0.5 percent. Trump…

European shares steadied on Tuesday in early deals, with retail stocks back in focus after a well-received update from British grocer Sainsbury, though Cobham tanked. The pan-European STOXX 600 index was flat in percentage terms, as was the blue-chip FTSE 100, which held close to a record high of 7,284.81 points reached in the previous…

When Theresa May appeared on the steps of Number Ten in her first address as Prime Minister, she seemed like a sudden moment of serenity in a chaotic post-Brexit Britain. She had reassuringly grey hair for a start. Her predecessor, David Cameron, had been just 43 when he took office. Tony Blair had also been…