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Tag: European Union

Markets trend down as US-China trade talks hit obstacle

Global stocks sold off while investors raced for the safety of the Japanese yen and some government bonds on Wednesday as concerns rose that setbacks to US-China trade talks would undermine world economic growth. US president Donald Trump said trade discussions with China would need to be rerouted, saying the current track appeared “too hard […]

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Euro continues to fall as Italy agrees on a government

The anti-establishment 5-Star Movement and far-right League on Friday published their joint government programme, promising a major spending spree that will likely put Italy on a collision course with the European Union. If they receive the backing of their supporters in swift, informal ballots planned over the next three days, the coalition government could take […]

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Smurfit Kappa faces shareholder pressure to cross takeover bid ‘red line’

It’s been 18 days since cardboard box-maker Smurfit Kappa revealed it had received and rejected as “highly opportunistic” a €36.46 per-share takeover bid, which valued the group at €8.6 billion. And we haven’t heard from its US suitor, International Paper, since it hinted the same day that it may come back with a sweetened offer. […]

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Sell-off in tech stocks eases as investors mull earnings growth

A sell-off in technology shares that began Monday in Asia and picked up pace in the US began to ease Tuesday, as investors mull the potential for weaker earnings growth among companies that have led gains over the past year. Stocks came off their lows of the day in Tokyo, and were up in Seoul […]

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Sterling rises further after UK-EU announce draft transition pact

Sterling added to its gains just after midday on Monday after UK and EU leaders struck a preliminary agreement for a 21-month Brexit transition. The UK currency was up 0.98 per cent on the US dollar at $1.4078. It climbed 0.72 per cent on the common currency, to € 1.1420. Britain and the EU on […]

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Sterling gains on Brexit optimism at start of pivotal week

Sterling gained on Monday ahead of a pivotal week in which Britain expects to agree a transition deal with the European Union for the period immediately after it leaves the bloc, and the Bank of England announces its rate decision after crucial inflation and wages data. Sterling pushed to its best level against the euro […]

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Sterling slips to five week low ahead of Johnson speech

Sterling slipped to a five-week low against the euro on Wednesday, as investors turned cautious ahead of a speech on Brexit by Boris Johnson, Britain’s foreign minister and prominent supporter of the campaign to leave the European Union. Mr Johnson will say that leaving the EU “is not grounds for fear but hope” in the […]

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Choppy trading marks end of worst week for stocks in two years

Wall Street swung from gains to losses before finally closing higher on Friday after a brutal week for the stock market that saw European and US shares record their worst declines in two years. The Dow Jones Industrial Average traded 500 points lower at one stage during the day, but closed 330 points or almost […]

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Choppy trading marks end to worst week for stocks in two years

Wall Street swung from gains to losses before finally closing higher on Friday after a brutal week for the stock market that saw European and US shares record their worst declines in two years. The Dow Jones Industrial Average traded 500 points lower at one stage during the day, but closed 330 points or almost […]

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Group led by Philip Lane proposed new class of safe financial asset

Sovereign bond-backed securities (SBBS), a new class of safe financial asset, could be gradually developed to strengthen the euro area against future financial shocks, an influential taskforce chaired by Central Bank of Ireland governor Philip Lane has concluded. The security would bundle government debt from different countries into a single asset that could withstand default […]

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