The European Union’s top court dismissed complaints on Wednesday by Slovakia and Hungary about EU migration policy, upholding Brussels’ right to force member states to take in asylum seekers. In the latest twist to a divisive dispute that broke out two years ago when over a million migrants poured across the Mediterranean, the European Court […]
Read morePresident Mario Draghi at the European Central Bank (ECB) will once again face a balancing act when he speaks to the media on Thursday afternoon, with a strong euro scuppering any talk of a quick end to the central bank’s asset purchase program. The ECB’s Governing Council is largely expected to upgrade growth forecasts while […]
Read moreWealth manager gives 3 reasons why you should stick with stocks and forget about a market correction
Investors simply need to adjust to the current environment rather than ditch their equity portfolios amid geopolitical concerns and fears of a market correction, a U.S. asset manager told CNBC Wednesday. With the S&P 500 up nearly 10 percent year-to-date at a time when geopolitics is worrying investors, some money managers have begun considering a […]
Read moreRussian President Vladimir Putin urged the international community to hold fresh talks to try to resolve the North Korean crisis on Wednesday, warning that progress would be “impossible” without a commitment to dialogue. “It is clear that it is impossible to resolve the problem of the Korean Peninsula only by sanctions and pressure,” Putin told […]
Read moreCurrency, United States Finance
Swiss confectioners invent a new kind of chocolate for the first time in 80 years
Switzerland, a country famed for its services to chocolate, unveiled a new iteration of the sweet stuff Tuesday called ‘Ruby’. The pink hued chocolate is the fourth type ever to be created and comes 80 years after the launch of White chocolate. Barry Callebaut, the chocolatiers behind the creation, say the new product will satisfy […]
Read moreThe European Central Bank (ECB) is likely to hold off on making any announcements on its stimulus program when it meets this week, instead opting to push new developments to October in the face of a strong euro. President Mario Draghi said at the last ECB press conference that the Governing Council would discuss the […]
Read moreFrozen concentrated orange juice futures, the contract made famous in the 1983 Eddie Murphy movie “Trading Places,” spiked higher on Tuesday as Hurricane Irma bore down on Florida. The Category 5 storm has already set records, with the National Hurricane Center on Tuesday setting its initial intensity at 155 knots, making Irma “the strongest hurricane […]
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Banks shifting jobs from London post-Brexit need to act fast, German central bank official says
Frankfurt and Dublin are emerging as the clear favorites for post-Brexit relocation among U.K.-based banks, according to a top official at Germany’s central bank. “From the discussions I have, it is my clear impression that Dublin and Frankfurt are the two cities where there is most interest (from City lenders). We have received quite a […]
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European markets set to open lower amid backdrop of geopolitical tension
European markets were set to open lower on Wednesday morning, tracking Wall Street’s slide overnight amid a backdrop of lingering geopolitical tension. The FTSE 100 is seen 28 points lower at 7,347; the DAX is expected to open down by around 44 points at 12,079 and the French CAC is poised to open 30 points […]
Read moreFacebook inflates the number of people who can see the advertisements on its platform, a Pivotal Research Group analyst said in a note. Facebook’s Ads Manager claims a potential reach of 41 million 18- to 24-year olds and 60 million 25- to 34-year olds in the United States, whereas U.S. census data shows that last […]
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