Wednesday, 18 September 2019

Tag Archives: euro

Italy not thinking about leaving euro: Matteo Salvini

MILAN: The leader of Italy’s League Matteo Salvini, who this week pulled the plug on his own governing coalition and called for a snap election, said on Saturday leaving the euro was not an option on the table. La Repubblica daily, which is close to the centre-left opposition, said on ...

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German inflation moves closer to ECB target

BERLIN: German annual inflation accelerated to 1.5% in June but remained below the European Central Bank’s target, final data from the Federal Statistics Office showed. The reading for German consumer prices – harmonised to make it comparable with inflation data from other European Union countries – was revised up after ...

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Apple agrees 500-mln-euro tax settlement with France

PARIS: Apple said Tuesday it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to reach a deal with France which has led a European push for higher taxes on tech giants. French news weekly L’Express reported that Apple had ...

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ECB launches real-time payments in challenge to tech giants

FRANKFURT: The European Central Bank will on Friday unveil the first pan-eurozone instant payment service, hoping to become a dominant player in a field crowded by US and Asian tech giants. The so-called TIPS system will allow consumers and businesses across the 19-nation euro area to send and receive money ...

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Dollar weakens as China’s yuan stabilizes

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

NEW YORK: The US dollar weakened against the euro as the Chinese yuan showed more stability, after the greenback reached an almost five-week high against the single currency on Monday. The yuan has strengthened to 6.8284 from 6.9122 on Friday, when China’s central bank raised the cost of shorting the ...

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Cristiano Ronaldo fined 3.2 million euro in tax evasion case

MADRID: Cristiano Ronaldo will be fined 3.2 million euros ($3.7 million) and sentenced to 24 months in prison, a sentence he is unlikely to serve, after settling a tax evasion case with Spanish tax authorities, the prosecutor said on Friday. The 33 year old is accused of evading 5.7 million ...

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Pakistan allows yuan-based trade with China

KARACHI: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic CPEC projects. The State Bank of Pakistan (SBP) said on Monday that all arrangements for using the Chinese currency ...

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Malta journalist Daphne Galizia’s sons reject million euro reward

MALTA: The sons of an investigative journalist killed in a car bomb attack in Malta have refused to endorse a one million euro (£890,000) reward for evidence leading to a conviction in the case. Daphne Caruana Galizia’s three sons have also called for the country’s prime minister to resign. Caruana ...

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Euro slips after German election result

PARIS: The euro slipped in early trading today after Germany’s election showed surging support for a far-right party that left Chancellor Angela Merkel scrambling to form a governing coalition. The euro was trading down 0.4% at $1.1906 and looked set to test support around $1.1860 as liquidity picked up through ...

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Pound Euro Exchange Rate Recovers from 8-Year-Low

LONDON: The Pound Euro exchange rate slipped yesterday as investors reacted to the latest Brexit uncertainties and tensions while the Euro benefitted from European Central Bank (ECB) speculation. However, the pair rebounded from its lows as markets anticipated upcoming data. GBP EUR dropped from 1.0944 to 1.0803 last week. Tuesday saw ...

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