Currency markets in Europe fluctuated on Friday morning after the U.K. made “sufficient progress” in its Brexit negotiations, with experts split on where sterling could trade in the coming months. Sterling initially dipped on the Brexit announcement made from Brussels after jumping to 1.3514 against the dollar just prior to the announcement by European Commission […]
Read moreU.K. and European negotiators finally agreed on three key issues that were blocking Brexit talks, paving the way for the next phase of discussion between the two sides. “We have now made the breakthrough we needed,” European Commission President Jean-Claude Juncker told reporters in Brussels on Friday morning. After six months of intense talks, a […]
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European shares seen mostly higher as Brexit talks reach crucial stage
European markets are expected to open mostly higher on Friday morning, as investors turn their attention to Brussels, where news surrounding Brexit negotiations are due to be announced. On the bourses front, the U.K.’s FTSE 100 is expected to open 9 points lower at 7,311, however the German DAX is set to open 69 points […]
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After nearly a decade of economic crisis, Greece has stopped dreaming
Following nearly 10 years of economic recession, the future of the Greek economy has finally started to brighten up. The Greek people, however, have stopped dreaming about their own future. Greece has seen economic growth consecutively in the last three quarters and is set to reach 1.6 percent of growth this year, according to forecasts […]
Read moreBritish Prime Minister Theresa May will meet European Union chief executive Jean-Claude Juncker before dawn in Brussels on Friday as the two sides seek to clinch a deal to open talks on post-Brexit trade. May will meet the European Commission president at 0600 GMT, with a news conference to follow half an hour to an […]
Read moreA federal judge in Argentina indicted and asked for the arrest of former President Cristina Fernandez for trying to cover up Iran’s possible role in the bombing of a Jewish community center in 1994 that killed 85 people, state news agency Telam said on Thursday. As Fernandez is a senator, Congress would first have to […]
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The world's largest sovereign wealth fund just made its first Asia property purchase
Norway’s $1 trillion sovereign wealth fund has invested in Asian property for the first time. Norges Bank Real Estate Management, which manages the sovereign fund, the world’s largest, said Thursday that it had signed an agreement to buy a 70 percent stake in five properties in Tokyo, Japan. The fund will pay 92.75 billion Japanese […]
Read moreBookmaker GVC Holdings has offered to buy Ladbrokes Coral for up to $5.2 billion to create a global online and high street betting giant able to take on rivals and cope with a tougher regulatory environment. GVC, which boasts 79 million registered accounts and operates in 21 languages through names such as sportingbet and partypoker, […]
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Merkel could be ready to lead a minority German government, minister says
Chancellor Angel Merkel could lead a minority government if current coalition talks with the German Socialist party collapse, according to the country’s deputy finance minister. “If the Social Democrats aren’t willing to actually compromise with us on the necessary issues like the question of how we remain a strong economic power … Then there can’t […]
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Europe points to slightly higher open as investors await news on US tax reforms
European markets are expected to open slightly higher on Thursday morning, as investors turn their attention to the States, awaiting more developments concerning tax reform and geopolitics. The U.K.’s FTSE 100 is expected to open 12 points up at 7,359, while the German DAX is set to open 36 points higher at 13,033 and the […]
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