not-planning
Bank of Israel buying ‘hundreds of millions’ of dollars: sources
July 4, 2016 by publisher · Leave a Comment
The Bank of Israel bought “hundreds of millions” of dollars of foreign currency on Monday, dealers said, after the shekel continued to strengthen for a fifth straight session. Its move came after financial newspaper TheMarker reported that the bank's intervention policy had come under fire by Prime Minister Benjamin Netanyahu's chief economics advisor, Avi Simhon, who was quoted as saying that intervention was tantamount to a protective tariff that raises prices for consumers by deterring import competition. The Bank of Israel has been …
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Bank of Israel buying ‘hundreds of millions’ of dollars: sources
not-planning
Global investment banks have slowest first half since 2012
July 4, 2016 by creative · Leave a Comment
By Anjuli Davies LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to…
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Global investment banks have slowest first half since 2012
not-planning
VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe
July 4, 2016 by publisher · Leave a Comment
Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to also compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from U.S. customers just because of a different legal system. “We have a…
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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe
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Volkswagen brand chief says no plans to step down despite investigation
July 4, 2016 by publisher · Leave a Comment
Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. “It's not up for debate,” Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen's reputation will take 12-18 months to recover from
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Volkswagen brand chief says no plans to step down despite investigation