Economic News
ECB warns London-based banks against empty shell offices in the EU after Brexit
The European Central Bank will be paying special attention to London-based banks’ relocation plans, issuing a warning at the start of the week against any temptation to set-up empty shell offices in the EU after Brexit.
Tuesday preview: Votes for LSE chairman and Trump tax plans
Votes over the fate over the London Stock Exchange Group's chairman and President Donald Trump's tax plans are two expected events to be followed on Tuesday, with a UK Cabinet meeting perhaps throwing some news into the mixer.
Commission opens investigation into Ikea's tax arrangements in the Netherlands
Brussels has launched an investigation this Monday into Ikea’s Dutch tax deals as part of its ongoing crackdown on corporate tax evasion.
Trump to drop climate change from US National Security Strategy
US president Donald Trump will give a speech on Monday where he will outline the country's new approach towards national security, including the omission of climate change and its effects as a key threat.
US housebuilder sentiment hits 18-year high in December
Sentiment among US housebuilders improved more than expected in December, hitting an 18-year high, according to data released on Monday.
Belgian consumer confidence dips for a second month in December
Consumer confidence in Belgium dipped in December as subindices tracking the economic situation and the outlook for joblessness in the country fell back.
CME launches Bitcoin futures amid calls for tighter regulation
CME, the largest exchange provider in the world, launched its Bitcoin futures market on Sunday evening to compete with rival Cboe which did so a week earlier, with initial predictions from investors signalling the cryptocurrency could hit a high of $20,865 by January.
UK banks could face fines over immigration checks on account holders
The City regulator may slap fines on banks and building societies if they don’t scrutinise the immigration status of their account holders in the search for illegal immigrants.
Conservative rebels propose a cross-party alliance for soft Brexit
Theresa May is being urged to reach out to Labour and face down hardline Brexiters to seek a stronger future relationship with Europe.
UK manufacturing orders hold steady in December - CBI
UK manufacturing orders held steady in December, according to the latest figures from the Confederation of British Industry.