Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 17. August 2017

US Presidents: History

Posted by hkarner - 17. August 2017

Source: Facebook

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A Trip Through Putin Country

Posted by hkarner - 17. August 2017

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The End of Asia’s Strategic Miracle?

Posted by hkarner - 17. August 2017

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Frankfurters Aren’t Rolling Out the Welcome Mat for Brexit Bankers

Posted by hkarner - 17. August 2017

Date: 16-08-2017
Source: The Wall Street Journal

Longtime residents faced with rising property prices and many construction projects aren’t happy and are saying “nein”

There’s a dearth of both office space and housing in Frankfurt, even though Germany’s financial hub is stepping up its campaign to attract bankers from a post-Brexit London. Above, the construction site of Marienforum, a new office property in downtown Frankfurt.

FRANKFURT—A bigger tax base, greater clout and a boost for the local economy: The city that hosts the European Central Bank has several reasons to welcome London bankers looking for a new post-Brexit home.

Residents, however, aren’t happy.

Many longtime Frankfurt locals see a potential wave of deep-pocketed bankers driving up housing costs and even driving them out of a city that is already struggling to meet its housing needs.

The U.K.’s 2016 decision to leave the European Union sparked a race among the bloc’s capitals to lure banks and its employees who want to keep the ability to sell their services across the EU if Britain leaves the single market.

Frankfurt’s charm offensive on the banks is working, and several have said they would shift operations to the city.
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Is Trump Killing the Dollar?

Posted by hkarner - 17. August 2017

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Eurozone Growth Spreads, Helped by Dutch, Italian Economies

Posted by hkarner - 17. August 2017

Date: 16-08-2017
Source: The Wall Street Journal

Currency area is becoming less reliant on Germany and Spain

The Dutch economy overtook Spain’s as the fastest growing of the eurozone’s five largest members, boosted by exports of its products which include cheese from Edam, near Amsterdam.

The eurozone’s recovery was more rapid than first estimated in the three months to June as a pickup that started in Germany and Spain has spread to other parts of the currency area, aiding a comeback that is proving vital to the world economy.

The European Union’s statistics agency Wednesday raised its measure of eurozone economic growth during the second quarter to 2.5% annualized from its first estimate of 2.3%, bringing it closer to the 2.6% recorded by the U.S., which it outpaced in the first quarter.

That upgrade comes at an opportune moment, since the U.S. is growing more weakly than expected and there are signs China may be set for a slowdown.

Separate figures showed the Dutch economy surged during the period as exports jumped, while Italy recorded its strongest six months since the second half of 2010. Den Rest des Beitrags lesen »

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