euro

Ireland unveils loans to help small businesses cope with Brexit

Dublin - Muslimchronicle

The Irish government unveiled Tuesday a 300-million-euro ($354 million) loan scheme for small businesses buffeted by Brexit, in a move designed to spur innovation and investment needed to tap new markets. The loan scheme for small and medium-sized businesses was announced as part of a major Brexit-proofing spending package in Irish Finance Minister Paschal Donohoe's 2018 budget. The heavy relianceRead more

Ireland unveils loans to help small businesses cope with Brexit

Dublin - Muslimchronicle

DGCX currency volumes see an uptick in August

Dubai - WAM

Despite the summer being a typically slow period for markets, the Dubai Gold and Commodities Exchange (DGCX) witnessed an uptick in trading volumes in key products, predominantly driven by increased investor interest in the Exchange’s offerings in Euro Futures, INR Options and Indian Single Stock Futures. The Exchange has strategically used the summer months to roll-out several initiatives focused onRead more

Exchange rate volatility is 'source of uncertainty'

Frankfurt am Main - Muslimchronicle

European Central Bank chief Mario Draghi on Thursday voiced concern over the recent strength of the euro, which is putting the brakes on inflation at a time when policymakers are looking to wind down stimulus measures. "The recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-termRead more

Euro area annual inflation up to 1.5% in August

BRUSSELS - WAM

Euro area annual inflation is expected to be 1.5 percent in August 2017, up from 1.3 percent in July 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in August (4.0 percent, compared with 2.2 percent inRead more

Euro rises on bets for ECB tightening

Washington - AFP

The euro extended its gains on Monday, trading at a two-and-a-half-year high against the dollar as currency traders believed a wind-down in European economic stimulus was not imminent. European stocks also fell while Wall Street was directionless, buffeted in large part by worries over a pounding delivered to US energy infrastructure by Hurricane Harvey. In much anticipated speeches on Friday,Read more

Dutch city turns orange as women toast Euro win

Utrecht - Muslimchronicle

Thousands of orange-clad fans flooded the central Dutch city of Utrecht on Monday to celebrate the Netherlands' first women's Euro title, a much-needed win to boost the football-mad country's flagging fortunes. The first "Lioness" supporters -- many of them young women and girls -- scurried past as the gates opened to secure a prime spot in a local parkRead more

England, Spain through after women's Euro thrillers

Deventer - Muslimchronicle

Toni Duggan and Nikita Parris gave England a 2-1 win over Portugal, sending the Lionesses to the women's Euro quarter-finals alongside Spain who lost 1-0 to Scotland on Thursday. Duggan opened the score in Tilburg on seven minutes following a howler by Portuguese keeper Patricia Morais, who sent her clearance to the England striker and then watched as Duggan chippedRead more

Euro zone lenders eased loan rules in 2Q, ECB says

Frankfurt - Muslimchronicle

Euro zone banks offered businesses and households easier access to credit and more lenient repayment conditions in the second quarter, the European Central Bank (ECB) said Tuesday, confounding expectations the market would tighten. “The net easing of credit standards... followed a net easing in the previous quarter, despite expectations in the previous survey round that they would tighten slightly,” theRead more

Brokers, investors warn of hit to European earnings

London - muslimchronicle

The euro’s blistering rise to a two-year high could start to threaten the bright outlook for European firms’ profits, big brokers and investors warned, putting a dampener on enthusiasm around the region’s equity markets which have drawn strong inflows this year. More than half the revenue of top European firms is generated outside the euro zone, according to Thomson ReutersRead more