Latest in Tag: financial markets Highlight
Latest in Tag: financial markets
Italy: Political turbulence spooks global
The euro has fallen to its lowest value against the dollar in almost a year. Investors fear Italy is heading toward fresh elections by the end of the summer, after populist parties there failed to form a government.The euro and US and European stock markets fell on Tuesday amid fears that political uncertainty in Italy …
‘Only the UK can trigger Article 50,’ says George Osborne
In his first appearance since the UK voted to leave the EU, British Finance Minister George Osborne has sought to reassure financial markets. “No one should doubt our resolve to maintain fiscal stability,” Osborne said.
US economy slows to weakest pace in a year
The US Commerce Department has revised up first-quarter GDP growth for the world’s largest economy.
Major shake-up at troubled Deutsche Bank
Just ten days after warning of huge upcoming losses, Germany’s largest lender, Deutsche Bank, has announced major organizational changes. What’s obvious right away is that investment banking is to take a hit. After write-downs translating into an estimated loss of 6.2 billion euros ($7 billion) in the third quarter, John Cryan, Deutsche’s new co-head, is …
China seeks to reassure financial markets
China’s Premier is trying to soothe international concerns over market volatility and slowing growth in the world’s second-largest economy. Beijing had recently devalued the yuan and lowered its 2014 growth reading. China has fended off potential risks to its financial system while keeping its economic prospects positive, Premier Li Keqiang said on Wednesday, as he …