Cboe Europe, operator of the largest stock exchange in Europe, and the inter-dealer broker TP ICAP are planning to establish bases in the European Union in order to guarantee their continued access to the markets of the region after Brexit. Cboe said that it applied for registration of the unit in Amsterdam, while TP ICAP chose Paris as its base in the EU, the Financial Times reported citing informed sources. Both companies retain their London operations. Due to fears of losing access to a single European market after Brexit, London financial companies are creating new hubs in Europe, and Amsterdam may be the biggest beneficiary among European cities.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...