Wednesday, 17 July 2019

Tag Archives: euro

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

England thrash Scotland with Jodie Taylor hat trick at Euro 2017

BIRMINGHAM: Jodie Taylor grabbed a hat-trick as England destroyed Scotland in the ‘Battle of Britain’, easing to a dominant win in the Netherlands for a perfect start to their Euro 2017 campaign. This was a real message of intent from Mark Sampson’s side, as they claimed their first opening-game win in ...

Read More »