It would be “appropriate” for the European Central Bank to stop its bond purchases, due to run at least until September, this year, Germany’s representative on the bank’s policymaking body said in an interview to be published on Wednesday. “I would hold that for appropriate from today’s point of view,” Bundesbank’s head Jens Weidmann told […]
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European stocks set to open lower ahead of earnings and inflation data
Stocks in Europe are set to open lower Wednesday morning with global sentiment curbed by a sharp reversal for equities on Wall Street in the previous session. The FTSE 100 is seen down by 16 points at 7,728, the German DAX is set to open down by 58 points at 13,170 and the CAC 40 […]
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'Trump is a revolution, unfortunately, and I'm concerned,' Nobel Prize-winner Robert Shiller says
President Donald Trump is synonymous with a “revolution” taking place in U.S. politics and society, according to Nobel Prize-winning economist Robert Shiller, but not in a good way. Speaking to CNBC ahead of the World Economic Forum (WEF) where Trump will be a key attraction, Shiller, a renowned economist and academic who is also attending […]
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More firms banned as the world’s biggest sovereign wealth fund goes ethical
Norway’s $1.1 trillion sovereign wealth fund has axed investments in another nine companies as it tries to move to what it considers as ethical investments. The most high-profile firm to be pulled from the fund’s collective investment is U.K. defense company BAE Systems, which said via email Tuesday that it respected “the right of investors […]
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Currency, United States Finance
Carillion collapse: Here's a list of the construction jobs that are most at risk
Further to the AWPR, Balfour Beatty was working with Carillion on two other contracts, comprising of operations on the A14 road in Cambridgeshire and a motorway contract in the northwest of England. The financial impact for Balfour Beatty was estimated to be in the range of £35 million ($48 million) and £45 million, the company […]
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Carillion’s collapse could highlight a much wider problem for UK pensions
Carillion‘s pension savers will see a minimum of a 10 percent drop in their retirement income, but more broadly, the collapse of the firm should be a “wake-up call” for every U.K. pension saver, according to a financial consultancy. “The collapse of Carillion further underscores the colossal black hole in many defined benefit pension schemes. […]
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Currency, United States Finance
Check out the world leaders and celebrities that are going to Davos this year
Thousands of leaders from all over the world are scheduled to return to the snowy mountains of Davos, Switzerland, next week to discuss the latest global issues. The main theme at this year’s World Economic Forum (WEF) annual meeting will be “Creating a Shared Future in a Fractured World.” And with around 2,500 leaders from […]
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Megadeals in the euro zone hit their highest value since the financial crisis, study shows
The growth momentum in the euro zone helped the region log its highest annual value of mergers for over 10 years in 2017, according to new data from research firm Mergermarket. Throughout last year, more than 4,000 deals targeted the euro zone and were worth a total of 476.7 billion euros ($584.48 billion), the data […]
Read moreA bus carrying children to school in southern Germany hit multiple cars and then slammed into the side of a building without braking, injuring 48 people early Tuesday, including 10 seriously, police said. The injured were 43 children and the bus driver, as well as other adults who were aboard the bus, said Mannheim police […]
Read moreFrench President Emmanuel Macron is set to speak at this month’s World Economic Forum (WEF) in Davos, Switzerland, with analysts saying the popular new leader will be Europe’s man to watch there. Macron is expected to give a speech to world leaders and business people gathered in the Alpine resort on January 24. It is […]
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