Finance & Trade

  • EU Members Seek Permission to Block Foreign Acquisitions

    August 22, 2017

    Reuters reports that, in a potential response to recent acquisitions in Europe by state-owned Chinese companies, the governments of France, Germany, and Italy have sent a letter to EU officials requesting rules bolstering their national authority to prevent foreign corporate takeovers in the bloc.

  • UK Declines to Reject Post-Brexit EU Customs Policing

    August 21, 2017

    Reuters reports that UK finance officials have declined to say whether they would be open in Brexit negotiations to allowing EU customs authorities to oversee the country's goods importation processes as part of a new customs arrangement following Britain's exit from the bloc.

  • German Court Refers Asset-Purchase Challenge to ECJ

    August 16, 2017

    Reuters reports that the German Federal Constitutional Court has referred a legal challenge of the European Central Bank's (ECB) $2.7 trillion asset-purchase scheme to the Court of Justice of the EU (ECJ), expressing doubt that the policy, commonly known as quantitative easing, is within the ECB's mandate under EU law.

  • UK Plans "Invisible" Post-Brexit Border with Ireland

    August 16, 2017

    The Guardian reports that the UK Government is publishing a paper setting out its plans to negotiate an open border with Ireland that requires no new border posts and allows goods and people to move freely into Northern Ireland.

  • Spain Announces Support for EU Finance Minister, Budget

    August 15, 2017

    Spanish President Mariano Rajoy has announced that his government will support French President Emmanuel Macron’s call for greater economic and monetary integration of the EU through the creation of an EU finance minister and EU budget.

  • Moody's: "No Deal" Brexit Risks UK Credit Rating

    August 14, 2017

    Business Insider reports that Moody's has published a report warning that if the UK and EU do not reach an agreement on a future trade deal prior to the UK's exit from the bloc, the credit-rating agency could downgrade Britain's sovereign credit rating.

  • EU Negotiators Agree to "Sustainability" Fund

    August 10, 2017

    The Council of the EU announced in June an agreement between negotiators of EU member states and institutions on the establishment of a fund of 3.35 billion euros to help finance the global "sustainable development" agenda in developing countries outside the EU and fulfill the bloc's commitments under the UN's Paris climate deal agreed in 2015.

  • ECB Seeks More Control over Euro Clearing

    August 10, 2017

    The Irish Independent reports that the European Central Bank (ECB) has pushed the European Commission to grant it more authority over the clearing of euro-denominated transactions, an activity with a large market in London, including the power to demand that euro-clearing firms deemed "systemically important" to EU financial markets move inside the bloc.

  • Merkel Offers Tentative Support to EU Finance Integration

    August 09, 2017

    Politico reports that, in a June speech to German business leaders, German Chancellor Angela Merkel offered her support to proposals from her counterpart in France on the creation of a eurozone finance minister and pooled budget, so long as "the framework conditions are right."

  • EU Introduces Measures to Advance Capital Markets Union

    August 04, 2017

    In June, the European Commission unveiled plans to further the completion of the EU Capital Markets Union through such measures as a "pan-European personal pension product" and further expansion of the framework for supervising capital markets in the European Securities and Markets Authority.

Total Records: 324
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