France cut its budget deficit target for 2015 and announced that this year’s economic growth could beat the government’s 1% forecast, as the country posted a smaller than expected fiscal gap for 2014. Statistics office INSEE announced that the budget gap dropped to 4% of economic output in 2014 from 4.1% in 2013, signalling economic […]
The UK’s Office for National Statistics (ONS) today announced that UK consumer price inflation has hit its lowest point since the early 1960's. After a 0.3% reading in January, annual inflation fell further to 0.0% in February. According to the Centre for Economics and Business Research (Cebr), the greatest contributors to the inflationary slowdown were […]
The Financial Conduct Authority has published its Business Plan for 2015/16. The 2015/16 Business Plan will look at sales practices of pension providers and how firms are helping consumers make the right pension choice with the new pension reforms. It will also be considering the mortgage market and any barriers to competition. In 2015/16 the […]
The Bank of New York Mellon has been hit by a $714 million (€660 million) settlement on accusations of FX manipulation, which resulted in it defrauding government pension funds and investors for more than a decade. The settlement is part of a broader deal which will see the bank laying off some employees and reworking […]
London’s FTSE 100 broke through the 7,000 level for the first time in its history on March 20, 2015. A small increase in the price of oil, signs of a solution to the Greek debt crisis and investor hopes that interest rates in the UK and US will remain low, helped propel the market on […]
The European Commission has announced a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings. Corporate […]
Deutsche Bank’s Global Social Finance Group has announced the closing of the Essential Capital Consortium (ECC), a five-year $50 million (€47 million) social enterprise fund, which is part of its family of social impact funds first launched in 2005. With a list of investors including Church Pension Fund, MetLife, Inc., Agence Française de Développement (the […]
The recent fall in oil prices will present challenges and opportunities for the Middle East and North Africa (MENA), according to the latest regional report by the Institute of International Finance (IIF). "While overall growth in the oil exporting countries will moderate and their large fiscal surpluses will decline or shift to significant deficits, low […]
Small business owners in the US are feeling buoyant about the national economy, with many feeling positive about health of the economy and their potential for economic growth, according to the latest Bank of America/CFI Group Small Business Forecast. Small business owners rated the health of their local economy 20% higher than they did in […]
The global sustainable investment market has grown substantially in both absolute and relative terms, according to The Global Sustainable Investment Review 2014, a report released by the Global Sustainable Investment Alliance (GSIA). The report reveals that global sustainable investing assets have risen 61%, from $13.3 trillion (€12 trillion) at the outset of 2012 to $21.4 […]
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