TAG: Capital markets
Britain’s begging tech giants to list in London. Good luck with that.
LONDON ― The U.K. wants to save its once-mighty stock exchange from irrelevance. But it's fast running out of levers to pull.Once a symbol of Britain's global might, the London Stock Exchange’s waning strength is now a worrying emblem of decline for the C...
4 months ago
US political uncertainty crashes central bank retreat in Portugal
SINTRA, Portugal — When Europe’s most powerful technocrats gathered this week at a secluded mountain resort near Lisbon to discuss their deepest concerns, you'd have expected them to focus on the election in nearby France. But instead their gaze was fixed...
2 months ago
The dirty little secret no politician will admit: There is no way to ‘go for growth’
Investment professionals and politicians who spurned Liz Truss's “go for growth” strategy for the British economy are slowly waking up to an uncomfortable truth.The former U.K. Prime Minister's plan, which relied on unfunded tax cuts that were perceived t...
2 months ago
Europe’s €10 trillion gamble
BRUSSELS ― Unlike Americans, Europeans don’t take risks. If they did, the €10 trillion they have languishing in their bank accounts ― that’s more than a third the size of the U.S. economy ― could be invested in the stock market instead. That would give co...
2 months ago
The secretive €6M EU lobby group paying for lawmakers to stay in fancy hotels
LONDON ― An opaque self-styled "think tank" that offers businesses access to EU politicians and regulators has raked in almost €6 million in fees from the finance industry, POLITICO can reveal, fueling concerns about lack of transparency and cash-for-infl...
1 month ago
Financial services role goes to Albuquerque ― but she brings baggage
BRUSSELS ― Maria Luís Albuquerque, who has been selected to oversee financial services in the new European Commission, has a mixed reputation at home.The Portuguese lawmaker was a surprise victor in the brawl for the role, seeing off competition from fina...
3 weeks ago
ECB to cut rates again as economic outlook sours
The European Central Bank is set to cut interest rates on Thursday as souring economic prospects force it to abandon an approach that many of its top brass now see as too cautious.Financial markets have now almost fully priced in a quarter-point rate cut...
4 days ago