Euro

Decorative pattern

Economic Indicators

Cyprus proposal misguided: FT

The proposed bailout deal that would see Cypriots’ bank accounts taking a 6.75% to 9.9% haircut has sent shockwaves through world markets and caused the euro to lose 0.7%.

By Staff |March 18, 2013

1 min read

Decorative pattern

New bonus rules to limit EU bankers’ pay

New EU bonus rules introduced last week have left banks scurrying to amend executive pay arrangements, reports FT.com.

By Staff |March 11, 2013

1 min read

Decorative pattern

Strong euro weakens European economy

European industry is reeling from the impact of the strong euro. The worst hit are the sectors that do business mainly in a foreign currency and exporters who are losing their competitive advantage due to a stronger home currency, reports FT.com. Although below its 2007 peak, the euro has gained 7% against the dollar and […]

By Staff |February 25, 2013

1 min read

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EU pressuring banks for greater transparency

The EU parliament is pushing for greater transparency rules that would require banks to report taxes and profits on a country-by-country basis, reports ft.com.

By Staff |February 20, 2013

1 min read

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Economic Indicators

Despite ECB promises, Eurozone risks persist

Last week’s accusations of Spanish government corruption and news of Italian election uncertainty should remind investors that despite last year’s European Central Bank assertion that it would do ‘whatever it takes’ to preserve the Euro, significant Eurozone risks remain just below the surface.

By David Andrews |February 11, 2013

4 min read

Decorative pattern

Economic Indicators

European banks to cut bonuses

Europe’s investment banks, including Barclays, Credit Suisse and UBS, will cut their bonuses by 20% in the coming weeks, reports ft.com. The move will increase the pay gap between U.S. rivals, adds ft.com, and will reduce overall bonus levels for 2012 by up to 15%. Read more. Also read: France won’t be Eurozone victim Time […]

By Wire services |February 4, 2013

1 min read

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Economic Indicators

European leaders back tough reforms

European leaders agreed that they must follow through on decisions made at countless European Council meetings in Brussels and move immediately to complete the single market and conclude free trade agreements, says a World Economic Forum news release. Speaking during the World Economic Forum’s Annual Meeting, leaders of Ireland, Italy, Denmark and the Netherlands expressed […]

By Staff |January 24, 2013

3 min read

Decorative pattern

Economic Indicators

Follow growth beyond borders

It may be time for clients to look beyond North American borders.

By Vikram Barhat |January 22, 2013

3 min read

Decorative pattern

Economic Indicators

Swiss franc tumbles on profit booking

A wave of sell-off hammered the Swiss franc, which tumbled to its lowest in 20 months. A result of currency traders moving quickly to capitalize on improved sentiment in Europe, the franc’s fall has led many to believe the Swiss National Bank could unload some of its large cache of foreign currency to book profit […]

By Staff |January 18, 2013

1 min read

Decorative pattern

High-yield assets dwindle as bonds boom

With bond sales figures for 2012 hitting $1.4 trillion, the bar has been set rather high for 2013. And while the recent deals about the U.S. fiscal cliff and the Euro have infused some vigour in the market, investors are concerned this may mask the issue of inadequate supply of high-yielding assets, says a report […]

January 8, 2013

1 min read

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