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Transatlantic News
Transatlantic News
18
Sep
Dear Chancellor, thank you very much for your kind introduction. Ladies and gentlemen, good morning. It’s always a pleasure to be in London. We are here for our annual review of the British economy, the Article IV consultation. Last time I met with you was in December 2017, so just about nine months ago. At that time, the 2017 cycle had been delayed by the election and taken about 18 months. So, I guess on average we are OK…
How...
14
Sep
President Juncker stresses the need for Europe to become more sovereign so as to be able to play a role in shaping global affairs
European Commission President Jean-Claude Juncker on September 12 delivered his 2018 State of the Union Address, before the Members of the European Parliament in Strasbourg, presenting his priorities for the year ahead and outlining his vision for how the European Union can continue to build a 'More United, Stronger and More Democratic Union', which was the...
13
Sep
13 September 2018
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure...
11
Sep
EUR 500 m bonds demonstrates commitment to UN Sustainable Development Goals
New bonds expand benefits of impact reporting and transparency beyond climate
High-impact water projects to benefit from first sustainable bonds
The European Investment Bank today issued its first Sustainability Awareness Bond. The EUR 500 million transaction represents the first EIB funding intended to directly support sustainable finance and builds on the EIB’s pioneering role unlocking investment through green bonds.
“The launch of the EIB’s new Sustainability Awareness Bonds today...
10
Sep
by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of
Banker to the World: Lessons from the Front Lines of Global Finance
Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, which holds elections on Sunday, are the opening salvos in a new period of mounting risks and uncertainties.
The tensions and challenges in developing economies that will...
07
Sep
New York City has reached historic levels of jobs and economic activity, thanks to its status as a global center of finance, commerce and innovation. In an era of rapid globalization, New York’s success would not be possible without the contributions of more than 5,000 foreign companies that have their U.S. headquarters and significant business operations in the city.
Foreign companies currently employ 298,000 New Yorkers and contribute 11 percent of the city’s total $761 billion annual economic output. Foreign...
05
Sep
Speech by Luis de Guindos, Vice-President of the ECB, at La Granda courses, Asturias, 31 August 2018
It is a pleasure to be here at La Granda courses in Asturias. In my remarks today, I would like to review the economic developments in the euro area, explain our recent monetary policy decisions and reflect on the necessary reforms of Economic and Monetary Union, or EMU.
Recent economic developments
Economic growth in the euro area remains solid and broad-based, as confirmed by the...
05
Sep
Following the conclusion of the EU-Japan talks on personal data protection in July 2018, the Commission launched today the procedure for the adoption of its adequacy decision.
Commissioner Jourová today briefed the College on the next steps and the Commission is publishing the draft adequacy decision and the related documents. This includes the additional safeguards that Japan will apply to EU personal data transferred to Japan, as well as commitments regarding access to personal data by Japanese public authorities for law enforcement...
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