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Keyword: euro

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  • Exclusive: Russia's Rosneft to switch to euros in oil products tenders - traders

    08/21/2019 7:38:34 PM PDT · by NorseViking · 16 replies
    Reuters by Yahoo ^ | August 21, 2019
    MOSCOW (Reuters) - Russia's Rosneft, one of the world's top oil producers and exporters, has notified customers that future tender contracts for oil products will be denominated in euros not dollars, five trading sources told Reuters. The move, which could come as soon as this year, is likely to be seen as an attempt to offset any potential negative impact of U.S. sanctions on Russia. Rosneft, which accounts for over 40% of oil output in Russia, produced 45.8 million tonnes of oil products at home in the first six months of this year - from diesel and gasoline to fuel...
  • Our Battle Of Britain

    04/29/2019 6:22:33 AM PDT · by Fitzy_888 · 2 replies
    Pat Condell via YouTube ^ | April 29, 2019 | Pat Condell
    Video at link.
  • Euro could 'collapse' in next 18 months, warns the man tipped as Trump's EU ambassador pick

    03/26/2019 5:10:09 AM PDT · by Cronos · 21 replies
    The Telegraph ^ | 26 Jan 2017 | Peter Foster
    The Euro could "collapse" within the next 18 months, the man tipped as the next US ambassador to Brussels has claimed, adding that he would "short" the EU single currency if he was an investor. Prof Ted Malloch, a former Oxford University professor now at University of Reading, added that the UK and US could cut a bilateral trade deal inside 90 days and that elections in Europe this year could sweep away the EU as we know it. "The one thing I would do in 2017 is short the euro," Mr Malloch told the BBC, "I think it is...
  • French Citizens SHOCK Leftists with Chant “We want Trump!”

    12/03/2018 5:51:02 PM PST · by Beave Meister · 48 replies
    The Black Sphere ^ | 12/3/2018 | Kevin Jackson
    How often can I be right? As much as President Trump said Americans will win. As France burns from years of socialist rule, America goes through a Renaissance. The difference is America elected a real leader and not a chump. We watched for 8 years as our black version of Emmanuel Macron ruined the country. Over $8 trillion worthless dollars printed then pumped into an anemic economy, and the black Boy Wonder felt like a rock star. As one comedian put it, “We told you Obama was Superman, but we forgot to tell you he didn’t know how to fly.”...
  • Britain's back in favor for corporate deals despite Brexit

    04/23/2017 7:18:03 PM PDT · by Olog-hai · 17 replies
    Associated Press ^ | Apr 23, 2017 7:02 PM EDT | Pan Pylas
    Britain has reclaimed its place as one of the top five countries that firms look to make deals in, just six months after dropping off the list in the wake of the country’s surprise to leave the European Union, according to a survey released Monday. In its half-yearly report of business executives, consulting firm EY said Britain has rebounded to be the third most attractive destination for mergers and acquisitions, behind the U.S. and China. Last October, in the wake of the Brexit vote, it had slumped to seventh and out of the top five for the first time in...
  • UK finance body urges courting 'old' friends like U.S., Japan post Brexit

    08/03/2016 7:42:04 PM PDT · by Olog-hai · 7 replies
    Reuters ^ | Tue Aug 2, 2016 7:42pm EDT | Huw Jones
    Deepening ties with European companies and “old friends” like the United States and Japan would help Britain preserve its global role in finance after leaving the EU, an industry body said on Wednesday. TheCityUK published a to-do list for the financial sector and government, saying June’s vote to leave the European Union magnified the challenge of keeping up with global competition in finance. Frankfurt, Amsterdam, Paris and Milan all hope to win a slice of London’s market share in financial services. …
  • London warned of big threat to jobs if UK quits EU

    08/03/2014 11:11:38 PM PDT · by Berlin_Freeper · 8 replies
    The Financial Times ^ | August 3, 2014 | Jim Pickard
    London could lose more than a million jobs if Britain quits the EU and fails to adopt more outward-looking trade policies, according to a report commissioned by Boris Johnson, the London mayor. In those circumstances, the capital could shed 1.2m jobs and lose out on tens of billions of pounds of gross domestic product, the report says.
  • European banks to quit London if UK left EU: Goldman executive

    09/03/2013 9:53:52 AM PDT · by Olog-hai · 23 replies
    Reuters ^ | Mon Sep 2, 2013 1:30pm EDT
    European banks would leave London “in very short order” if Britain voted to exit the European Union, a senior Goldman Sachs executive said in a newspaper interview published on Monday. Michael Sherwood, a vice-chairman at the bank, said the prospect of a British withdrawal was a real worry given Prime Minister David Cameron’s plans to hold a referendum on the subject if re-elected in 2015. … Goldman’s Sherwood predicted European banks would quickly relocate if Britain did sever its EU ties. “Forget what we would do. Every European firm would be gone in very short order,” he was quoted as...
  • Eurozone bail-out funds not enough, warns OECD

    02/03/2012 1:05:44 AM PST · by bruinbirdman · 3 replies
    The Telegraph ^ | 2/3/2012 | Louise Armitstead
    International debt inspectors believe they have found another €15bn (£12.5bn) black hole in Greece’s public finances caused by the deepening recession, delivering the crippled nation another devastating blow. With pressure growing over talks with private investors about the terms of a €100bn debt write-off, officials calculated that to bring the country’s debts to a sustainable level at 120pc of GDP the international community would need to find an extra €15bn, raising the prospect of a Greek default. Sources told news organisations in Brussels that weak growth will make it even more difficult for Greece to resolve its debt problem, leaving...
  • Majority of Britons would vote to leave EU: poll

    11/18/2012 3:10:19 PM PST · by Olog-hai · 11 replies
    EU Business News ^ | 18 November 2012, 17:40 CET | (AFP)
    A majority of Britons would vote to leave the European Union if given the chance, according to a survey published on Sunday. The Optimum Research poll in The Observer newspaper found that 34 percent would definitely vote to quit the 27-member bloc and 22 percent would probably do so, giving a total of 56 percent that would opt to leave the EU. …
  • EU commission tables (supports) financial tax for 11 states

    10/24/2012 10:27:50 PM PDT · by Olog-hai
    EU Observer ^ | 24.10.12 @ 09:21 | Valentina Pop
    The EU commission on Tuesday (24 October) proposed that a group of 11 countries move ahead with a common financial transactions tax, after years of wrangling failed to produce a deal among all member states. Estonia late on Tuesday joined an earlier group of 10—Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain—willing to go ahead with the tax. The proposal still needs the approval of a majority of the EU’s 27 countries and the European Parliament, after which a joint legal text will be issued. EU tax commissioner Algirdas Semeta said this will be “the epitome of...
  • Commission: 'Robin Hood' tax would save EU countries billions

    03/25/2012 11:43:49 AM PDT · by Olog-hai · 13 replies · 2+ views
    EU Observer ^ | 22.03.12 @ 17:08 | Honor Mahony
    Member states will pay 50 percent less into the general EU budget by 2020 if they agree to implement a financial transactions tax (FTT), the EU commission said Thursday (22 March). In a last-ditch attempt to undermine government opposition to both this specific 'Robin Hood' levy and the general idea of Brussels raising taxes, EU budget commissioner Janusz Lewandowski put some concrete savings figures on the table. By the commission's estimate, Germany would pay €10.7 billion less to the EU budget by 2020, Poland €1.8 billion, Italy €6.4 billion and Latvia €81 million. The UK, the Netherlands and Sweden—the strongest...
  • EU: Financial tax should be used for development aid and climate

    02/27/2013 12:40:19 PM PST · by Olog-hai
    EU Observer ^ | 02/27/2013 @ 18:46 | Nikolaj Nielsen
    The European Commission said revenue from a proposed financial transaction tax (FTT) should be set aside to fight poverty and climate change, as an investment against global instability. “I would very much want member countries really to take it seriously,” European commissioner for development Andris Piebalgs told reporters in Brussels on Wednesday (27 February). The FTT is backed by 11 member states and would put 0.1 percent levy on bonds and shares and 0.01 percent on derivative products. Estimated generated annual revenues could range between €30 billion to €35 billion ($39 billion–$46 billion) a year. …
  • London could make EU “unravel”

    12/30/2012 4:23:18 AM PST · by Olog-hai · 26 replies
    EU Observer ^ | 28.12.12 @ 09:12 | Honor Mahony
    An attempt by Britain to rewrite the EU rulebook to reflect domestic interests could make the European Union fall apart, its top official has warned. EU council president Herman Van Rompuy told the Guardian newspaper that London’s quest to repatriate powers from Brussels could spark other member states to do the same. “If every member state were able to cherry-pick those parts of existing policies that they most like, and opt out of those that they least like, the union in general, and the single market in particular, would soon unravel.” … Meanwhile, the future-of-Europe debate is taking place in...
  • The British, at Least, Are Getting Tough (Barclays rigging of LIBOR)

    07/08/2012 1:42:13 PM PDT · by neverdem · 12 replies
    NY Times ^ | July 7, 2012 | Gretchen Morgenson
    THE unfolding story of how Barclays — and, in all likelihood, other big banks — rigged interest rates is full of telling tidbits about the way Wall Street works. It also represents yet another teachable moment. By now the world knows that Barclays manipulated the most widely used benchmark rate, the London interbank offered rate. But Barclays is just one member of the cozy club that sets the Libor, which is supposed to be based on the average rate at which large banks can borrow money overnight. It’s not based on actual transactions, however — and that leaves room for...
  • Cameron says EU-wide financial tax would harm Europe

    01/08/2012 4:41:08 PM PST · by Olog-hai · 1 replies
    EUBusiness.com (AFP) ^ | 09 January 2012, 01:08 CET
    British Prime Minister David Cameron said Sunday he would block any attempt to introduce an EU-wide financial transaction tax because he fears it will harm jobs and prosperity in Europe. Cameron said countries such as France pushing for the introduction of such a levy were welcome to go ahead and introduce it within their own borders. But implementing a tax in the European Union when countries in the rest of the world were not bound by it would have a negative effect on jobs and prosperity in Europe, he said. "If the French themselves want to go ahead with a...
  • Euro Project Intellectually, Morally, Democratically Bankrupt

    12/13/2011 4:56:17 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | December 13, 2011 | Mike Shedlock
    It is disgusting to see UK Prime Minister David Cameron all but throw away the victory he achieved when he vetoed the Merkozy treaty. Please consider these sniveling, apologetic snips from the New York Times article Cameron Says His Veto on Europe Treaty Protects Britain Mr. Cameron, a Conservative, seemed at pains to offer soothing words to those afraid that he had so alienated his European allies that Britain was bound to leave the European Union altogether. “Britain remains a full member of the E.U., and the events of the last week do nothing to change that,” Mr. Cameron said....
  • David Cameron and Nicolas Sarkozy clash as leaders wrangle over euro deal

    12/08/2011 6:59:36 PM PST · by Qbert · 5 replies
    The Guardian UK ^ | 8 December 2011 | Nicholas Watt, Ian Traynor & David Gow
    David Cameron is at the centre of a furious row with Nicolas Sarkozy after Paris tried to isolate the prime minister at the EU summit by suggesting that Britain is seeking to exempt the City of London from all European regulations. In a move dismissed by officials in Brussels as an attempt to set Britain up as the fall guy, senior French figures said Cameron wanted an opt out from EU financial services regulation. The French were said to have found themselves isolated in their attempt to limit an agreement on tough fiscal rules for the single currency just to...
  • Defend Britain from these euro dictators

    11/10/2011 6:08:16 PM PST · by Olog-hai · 10 replies
    Daily Mail (UK) ^ | 8:18 AM on 8th November 2011 | Daily Mail Comment
    Increasingly, it appears we are witnessing the death of democracy and the right of sovereign nations inside the eurozone to govern their own affairs. First the overbearing eurocrats — led by France and Germany — bullied Greece into dropping its planned referendum. Then they forced Prime Minister George Papandreou from office and made it plain that the country’s next leader must be a pro-Brussels technocrat of whom they, rather than the Greek people, approve. Now the power-hungry duo of Angela Merkel and Nicolas Sarkozy are turning their attentions to Silvio Berlusconi, whom they no longer trust to reduce Italy’s own...
  • Euro's Biggest Losers

    12/11/2011 1:06:08 PM PST · by Kaslin · 9 replies
    Townhall.com ^ | December 11, 2011 | Mike Shedlock
    Yesterday, various news agencies reported that Hungary opted out of the treaty while Sweden and Czech Republic remained "undecided". However, the latest spin is that Hungary did not opt out yet and the gang of 26 will forge ahead without the UK. UK the "Big Loser" Having Fallen into "French Trap"? Last evening in German Vision Prevails as Leaders Agree on Fiscal Pact the New York Times portrayed the UK as the "big loser", stating Cameron made a "poor gamble". On EU official said the UK fell into a "French Trap". Exactly 20 years to the day after European leaders...