Tag: Christine Lagarde
The US dollar rises amid hawkish central bank signals
NEW YORK, Dec. 16 (Xinhua) — The U.S. dollar rose in late trade on Friday as market participants digested statements from major central banks. The dollar index, which measures the greenback against six major peers, rose 0.14 percent to 104.7030, after a 0.76 percent jump in the previous session. In late New York trading, the […]
The Social Democrats propose a price ceiling for electricity, which surprises other parties
SDP estimates that the costs of the ceiling limit could be covered with the proceeds of the windfall tax imposed on the excess income of energy companies. The tax, which is being prepared by the Ministry of Finance, is expected to generate approximately EUR 0.5–1.3 billion in revenue starting in 2024. The proposal raised eyebrows […]
The EU removes the last obstacle to Croatia’s adoption of the euro currency
BRUSSELS, Belgium: The European Union (EU) has removed the last obstacles for Croatia to adopt the euro currency, the first expansion of the currency bloc in almost a decade. EU finance ministers approved three related laws enabling Croatia to become the 20th member of the eurozone on 1 January. Lithuania was the last country to […]
YLE: Finnish consumers faced a “double” rise in prices and interest rates
Growth was one percentage point higher than forecast by the European Central Bank (ECB) in March. In Finland, inflation accelerated more than the euro area average by one point from the previous month. Timo HirvonenHandelsbanken’s chief economist told YLE on Tuesday that the ECB has understandably had to repeatedly revise its consumer price forecast due […]
US dollar companies up on duvish comments from ECB officials
NEW YORK, FEBRUARY 8 (Xinhua) – The US dollar gained ground in late trading on Tuesday, thanks to pigeon comments from top officials from the European Central Bank (ECB). The dollar index, which measures the dollar against six major comparable competitors, rose 0.25 percent to 95.6400 during late trading. Any monetary policy adjustment will be […]
National Round-Up: Danish pension funds pour billions on foreign arms manufacturers
ONE new report from Oxfam IBIS has revealed that the 15 largest pension funds in Denmark have invested almost three billion kroner in foreign arms manufacturers supplying Saudi Arabia and the United Arab Emirates. This has taken place despite the fact that all arms exports to the countries from Denmark have been banned since 2018. […]
European Union – United States to the Federation
The package debate in Finland led to a curious war between the Committee on Constitutional Affairs and the Grand Committee on EU Affairs, in which the last word on EU decision-making remained unclear. No one denies that recovery and temporary indebtedness are necessary. However, many disagree with the measures taken. Participation in the stimulus package […]