European stocks are seen higher on Friday morning as investors focus on data releases and monitor U.S. plans to overhaul the tax system. The FTSE 100 is expected to start the day higher by 7 points at 7,325; the DAX is set to open up by 12 points at 12,711 and the CAC 40 is […]
Read moreThe so-called “special relationship” between the U.S. and U.K. was looking decidedly shaky Thursday morning after the U.S. Department of Commerce decided to slap heavy import tariffs on jets partly made in Northern Ireland. U.K. Prime Minister Theresa May hinted that the U.S.’s decision Wednesday to slap import tariffs of 219.6 percent on Bombardier‘s C-Series […]
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Trump's tax plan will boost GDP, lift stocks and force a Fed rethink, RBC says
Economists at the Royal Bank of Canada gave an optimistic take on tax reform plans unveiled in the U.S., suggesting in its current form it will boost growth and urge investors to rethink the stock markets. “Acknowledging that some key details are still missing, a good baseline is that this tax plan could increase GDP […]
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One of the best-known leaders in the auto industry sees no growth in the US market
Carlos Ghosn, the chairman and chief executive of one of the world’s largest automotive groups, told CNBC he doesn’t expect the U.S. market to grow over the next few years. When asked whether the U.S. car market can still grow, Ghosn – a mogul of the auto industry – was unsure. “I’m not planning on […]
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Constitutional crisis looms in Spain as Catalonia looks to vote on independence
Despite various attempts by the Spanish government to stop a symbolic referendum on independence from being held in the wealthy region of Catalonia on Sunday, pro-separatists look set to hold a vote regardless. The national government in Madrid has said it will deploy police to prevent an independence vote on October 1, with orders to […]
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Brexit negotiations ‘could fall apart at any time,’ says former Bank of England policymaker
Ongoing talks between the U.K. and the European Union could break down at any point, according to a former member of the Bank of England. This is because the way that Brexit talks have been planned is actually denying the chances of a successful outcome, DeAnne Julius, founding member of the Bank of England’s Monetary […]
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European stocks seen higher on Trump’s tax plans; BOE’s Carney due to speak
Markets in Europe are set for a higher open on Thursday morning after President Donald Trump unveiled much-awaited tax plans. The FTSE 100 is seen higher by 5 points at 7,314; the CAC 40 is set to start 8 points higher at 5,289 and the DAX 30 is expected to begin the trading day up […]
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HSBC to let UK customers manage different bank accounts on one screen with new app
A new app by HSBC will allow U.K. customers to view bank accounts they have with different providers, in a major step towards meeting new European Union rules. The retail lender said Thursday it will introduce the HSBC Beta app from late October onward. It will initially be available to 10,000 HSBC customers. As a […]
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Europe's most important economic policymaker is reportedly changing jobs
German Finance Minister Wolfgang Schaeuble will become President of the German parliament, a position that would require him to quit as minister, a conservative party source told Reuters on Wednesday, confirming a report by Bild newspaper. Bild reported that Schaeuble, the longest-serving member of parliament, had been urged by Chancellor Angela Merkel to take the […]
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European rail mega-merger is about business not politics, Siemens and Alstom CEOs tell CNBC
Siemens and Alstom’s decision to merge their rail operations is about business and not politics, according to the companies’ CEOs, despite the deal being framed as a response to China’s advancing dominance. “The rationale is undoubtedly (to do with) business, it’s a unique opportunity to create a global leader and a European champion… in a […]
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