Archive Europe: Economy

  • But Ireland is no ordinary country when it comes to tax law— and its government insists it doesn't want the colossal windfall. The Irish government joined Apple in vowing Tuesday to appeal the European Commission's judgment that the smartphone and computing giant didn't pay the correct volume of tax to Ireland for more than a decade, a mounting bill that...

  • NEW YORK, Aug 30- U.S. stocks fell on Tuesday after stronger-than-expected U.S. consumer confidence data stoked worries about a potential Federal Reserve interest rate hike this year, while European shares gained and the dollar climbed. Fed Vice Chairman Stanley Fischer, in an interview with Bloomberg TV on Tuesday, said the U.S. job market is close to full...

  • PARIS— French Economy Minister Emmanuel Macron, an outspoken former investment banker who has encouraged start-ups and more labor flexibility, has quit the socialist government amid speculation that he is considering a presidential bid. Critics in Hollande's Socialist Party say Macron has betrayed leftist ideals by pushing France toward an...

  • The European Union's crackdown on corporate tax avoidance has landed on Apple; its antitrust regulator is demanding that the U.S. tech giant pay Ireland up to 13 billion euros plus interest in back taxes. The revelation that has fueled popular anger in Europe, where cash-strapped governments had been raising taxes on households. So the EU launched a drive to...

  • DEAL'S OFF: Hershey fell $12.46, or 11 percent, to $99.21 after snack food company Mondelez International said it was walking away from its proposal to buy Hershey for roughly $25 billion. TAXMAN COMETH: Apple fell 85 cents, or 0.8 percent, to $105.95 after the European Union ruled that it has to pay $14.5 billion in back taxes to Ireland. UNDER NEW MANAGEMENT: United...

  • *Zloty hits 4- week low again as U.S. investors join in. BUDAPEST, Aug 30- The zloty hit a 4- week low against the euro on Tuesday as Polish output data failed to quell speculation of a central bank rate cut. The forint also eased, by 0.3 percent, but, trading at 309.33, it is still near its strongest levels since early March, buoyed by Hungary's robust current account...

  • *EU-harmonized rate +0.3 pct in Aug. BERLIN, Aug 30- German annual inflation slowed unexpectedly in August, preliminary data showed on Tuesday, suggesting price pressures in Europe's largest economy remain weak despite the European Central Bank's ultra-loose monetary policy. DZ bank economist Michael Holstein said the surprisingly weak German inflation...

  • BRUSSELS— The Latest on the European Union's decision that Apple must pay billions in back taxes:. Bernie Sanders is applauding the European Union's ruling that Apple must pay 13 billion euros plus interest in back taxes to Ireland. The U.S. Treasury Department has expressed disappointment over the ruling by the European Union that Apple will have to pay...

  • BRUSSELS— Apple will have to pay up to 13 billion euros plus interest in back taxes to Ireland after the European Union found Tuesday that the U.S. technology giant had paid next to no tax across the bloc's 28 countries for over 11 years. EU Competition Commissioner Margrethe Vestager said that a three-year investigation found Ireland granted such lavish tax...

  • A man walks outside the Apple store on the Fifth Avenue in New York on February 17, 2016.

    Our live blog is following market reaction after the European Commission in Brussels rules that Apple received illegal state aid from Ireland.

  • BRUSSELS— EU: Ireland must recover up to 13 billion euros in illegal tax benefits from Apple.

  • LONDON, Aug 30- Sterling slipped back towards $1.30 on Tuesday on divergent expectations for monetary policy, with investors increasingly betting U.S. interest rates could rise by year-end while British rates may be cut again. In contrast, the Bank of England earlier this month cut rates to a record low of 0.25 percent and relaunched asset purchases in an effort...

  • Tim Cook, chief executive officer of Apple Inc.

    Apple is in line for a fine of at least $1.1 billion following a long-awaited ruling from the European Commission over its tax bill in Ireland.

  • José Manuel Barroso under fire for Goldman Sachs job

    Nearly 80,000 people have signed a petition protesting the appointment by Goldman Sachs of former European Commission president José Manuel Barroso.

  • We are betting on a stronger dollar: Strategist

    Peter Garnry, head of equity strategy at Saxo Bank, shares his outlook and investment ideas for equity markets.

  • European stocks saw a lackluster start to the trading day on Tuesday, bucking a positive trend seen in the U.S. and Asia at the start of the week.

  • BRASILIA- Brazil central bank holds monetary policy committee meeting SARAJEVO- The President of the European Bank for Reconstruction and Development Suma Chakrabarti will visit Bosnia and Herzegovina. WEDNESDAY, AUGUST 31 BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

  • *Gold rebounds from near five-week low of $1,314.70. NEW YORK, Aug 29- U.S. stock markets climbed on Monday while European share markets slipped in the wake of comments by top Federal Reserve officials that bolstered expectations for an interest rate hike by the U.S. central bank this year. Fed Chair Janet Yellen said on Friday the case for a rate increase was...

Contact Europe: Economy

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