7 Major European Banks Form Blockchain Platform ‘Digital Trade Chain’

A group of seven large European banks has signed a memorandum of understanding (MoU) to develop a blockchain-powered cross-border trade finance platform for small and medium-sized companies in Europe. ... Read More
unemployement rates

The highest and lowest unemployment rates in EU countries

The euro area (EA19) seasonally-adjusted unemployment rate was 9.8% in November 2016, stable compared to October 2016 and down from 10.5% in November 2015. This is the lowest rate ... Read More

The Pound vs Dollar: What dealers predict

Analysts at Citi – the world’s largest foreign exchange dealer – have confirmed to clients they are bearish on the Pound-Dollar exchange rate. In a communication released on Tuesday ... Read More
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound

Three traders were charged with conspiring in forex rigging probe

The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the ... Read More

ECB on pan-European instant payment solutions

The European Central Bank (ECB) has published a Keynote speech by Yves Mersch, Member of the Executive Board of the ECB,  at the French Payments Committee conference on “Technological ... Read More

Eurozone economic activity increased at its fastest rate since the debt crisis in 2011

Economic activity in Eurozone industry in December expanded at the fastest pace since the currency union’s debt crisis started to hit, according to a closely watched indicator. The Eurozone ... Read More

First legal test case against Volkswagen raising pressure to compensate customers in Europe

German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday (3 January), raising pressure on the carmaker to compensate customers in Europe ... Read More

Investor optimism, global economic reality may clash in 2017

The economic outlook for this year looks similar to 2016 – uneven and unspectacular, according to economists worldwide polled by Reuters in December. The result is despite investor optimism ... Read More

Euronext makes irrevocable cash offer to acquire LCH.Clearnet SA

Euronext has made an irrevocable all-cash offer to LCH.Clearnet Group Limited (“LCH.Clearnet Group”) and London Stock Exchange Group plc (“LSEG”) to acquire LCH.Clearnet SA (“Clearnet”), in relation to which ... Read More
european markets

European bourses started the last trading day of 2016 slightly in the red

European bourses started the last trading day of 2016 slightly in the red. The pan-European Euro Stoxx 600 was 0.06 percent lower with the major bourses trading in the red. ... Read More