Euro

BoE Increases Capital Buffer Ceiling To Facilitate Probable Post Brexit Lending Market

The Financial Policy Committee (FPC) of Bank of England (BoE) has warned on Tuesday about possible financial outlook after Brexit. To tackle the possible lending market debacle, the committee has raised bank’s capital buffer requirement. However, the move has been criticized by the Brexit supporters whenever the referendum poll gets nearer.

Bewildered Police found Thousands of Euros Floating in Danube River

A mystified case happened in Vienna, Austria when some bystanders reported to the police about a boy jumping into the river Danube. Police were baffled to find out that the boy was actually trying to save more than 100,000 euro banknotes floating in the river water.

Metals bounce, Asian stock futures gain as equities ease

Asian markets recorded diverge trends in global markets. Metals prices started rebounding along with rising Asian stock futures while stocks slipped into pressure on Friday. The US index futures also rallied. The Chinese government's probe into short selling is weakening the investors' confidence.

Pound Fell Against Dollar Before Fed Speakers Could Impose Rate Hike

The pound fell for the first time in four days against the dollar amid speculation.

European Commission Rules Starbucks' and Fiat's Tax Deals with Dutch and Luxembourg Tax Authorities Illegal - Ordering Both Companies To Pay Millions of Euro in Back Taxes

The European Commission ruled that Starbucks and Fiat Chrysler had benefitted from illegal tax deals with Dutch and Luxembourg authorities dealing a heavy blow to similar tax arrangements used by many MNCs and have ordered both Governments to recover back taxes from the US coffee chain and Italian-US carmaker.

Drop in UK export brought fears for pound's stability

UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.

China's economic distress is risk to global economy: IMF and ECB

China's economic turmoil poses great risks to the world's economic growth but they are managing to recover from the troubles with the help from other countries and Fed will not yet increase its interest rates.

Night at the Greek Parliament: What happened during the voting on 3rd Greece bailout

The Greek parliament approved and passed the draconian Austerity bill amidst wide protests on Thursday. A total of 229 lawmakers had voted in favor of the austerity measures with 64 against and 6 refraining themselves from the vote.

Greece submits new proposals but creditors remain skeptic

Greece submitted new proposals that promise an overhaul to create additional revenue. The new proposal set could be ideal and more aligned to the creditors' earlier demands yet uncertainty remains.

Latest Stories

Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.

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