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The European Central Bank is examining the potential impact of Europe's proposed financial transactions tax on money markets, the bank's top economist Peter Praet said Thursday, after top ECB officials raised concerns that the tax could have adverse effects on still-weak financial markets."We are looking at the potential consequences of FTT on money markets, [which] are key to transmission of our monetary policy," Mr. Praet, a member of the ECB's executive board, said at a meeting of business leaders in Brussels.Eleven European countries are pressing ahead with plans to introduce the financial transactions tax, which aims to discourage speculative trading by charging levies of 0.1% on trades of shares and bonds and 0.01% on derivatives.The rules aim to prevent firms from simply shifting trading abroad by applying the tax not only to transactions that take place within the 11 countries, but also to trades of shares or bonds issued by companies located in those countries.Jens Weidmann, h...
Hungarian oil and gas company MOL Nyrt. (MOL.BU) expects oil prices to remain in a range about $110 a barrel in 2013-2014, oscillating around the 2012 level, the fir...
FBN's Liz MacDonald on the EU’s Tobin Tax .
The biggest banking and mutual fund lobby groups in the U.S. just sent a joint letter to the European Union blasting the new push in Europe to slap a global tax on f...
Washington not feeling America's pain?
France and Germany said Tuesday they hoped a new bank levy could be introduced rapidly after 11 European Union countries clinched enough support to start drawing up ...
France and Germany said Tuesday they hoped a new bank levy could be introduced rapidly after 11 European Union countries clinched enough support to start drawing up ...
Germany, France and nine other euro zone countries will get the go-ahead on Tuesday to start work on a financial transactions tax, a measure likely to unsettle banks...
Italy's proposed financial transactions tax would impose a 0.12% levy on all equity trades from March 2013, according to a proposed amendment made Thursday to the 20...
Mike Tobin reports from Columbus, Ohio
The legal conditions are in place for those European Union states that want to impose taxes on financial transactions to go ahead with the legislative process, the E...
Britain's policy towards Europe is becoming harder to understand and there is a sense the country is slowly waving goodbye to the European Union, Finland's Europe mi...
Prime Minister Mario Monti announced an income tax cut to help low earners, giving a rare lift to struggling Italian households ahead of parliamentary elections next...
The unprecedented economic slump hitting Europe means that electricity and natural gas demand in Enel SpA's (ENEL.MI) key markets in Italy and Spain isn't expected t...
Top exchange officials opposed to a European financial transactions tax intensified their lobbying on Tuesday, warning it would push trading to other parts of the wo...
Luxembourg Finance Minister Luc Frieden said Monday his government is sympathetic to the U.K.'s opposition to a tax on financial transactions in the European Union, ...
The U.K. government has lodged a legal challenge to the financial transactions tax proposed by the European Commission because of concerns that it would hurt those c...
The U.K. government has launched a legal challenge to the financial transactions tax proposed by 11 European Union countries due to concerns the levy will negatively...
A tax on financial transactions may end up costing French companies as much as 70 billion euros ($92 billion), Le Figaro reported Monday, citing business association...
Our tax code has been called a lot of things: long, complex, archaic. But a game of cops and robbers? That might be a new one."It's hard to run an income tax properl...
