The chief financial officers (CFOs) at Britain’s biggest companies are more worried than their European counterparts about how Brexit will affect their firms’ bottom lines, according to a new survey by Deloitte. 65% of British CFOs say Brexit negotiations will be “bad for business,” compared with just 37% of European ... Read More »
Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »
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More than 20 European business associations and companies interviewed by Reuters say they back their governments’ position that Britain’s banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc’s rules. Britain wants a trade deal that gives London’s financial district, known as the City, ... Read More »
– A report calling for European scrutiny over a pipeline slated to run through southern Europe is riddled with inaccuracies, a gas pipeline consortium said. A report this week from the non-governmental organizations Re: Common and Counter Balance called on European financial organizations to avoid writing blank checks to the ... Read More »
European shares hit one-month highs on Monday, while the dollar index rose to a two-month peak after Federal Reserve Chair Janet Yellen suggested that an interest rate hike in the United States may be around the corner. The Fed should raise rates “in the coming months” if growth picks up ... Read More »
