• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

Tuesday, July 13, 2021 Headlines

FTD Limited by FTD Limited
July 13, 2021
Reading Time: 5 mins read
A A
Monday, June 14, 2021 Headlines
0
SHARES
26
VIEWS
tweetpostshare
  1. Bank Of England Lifts Dividend Restrictions
  2. U.S. Seeks Digital Trade Deal in Indo-Pacific
  3. E.U. Suspends Digital Tax Work
The Bank of England Building
The Bank of England Building

Bank Of England Lifts Dividend Restrictions

The Bank of England has announced that its recommendation for fiscal 2020 dividend payouts to be “at an appropriate level” is no longer necessary. The bank announced that its dividend limit recommendation had been lifted, effective today.

Among the banks subject to the dividend restriction in the U.K. were many large banks such as HSBC, Barclays, Standard Chartered.

Authorities still warn that defaults could increase as support gradually withdraws after restrictions are lifted.

European Central Bank Supervisory Board Member Margarita Delgado said that the bank could take action against excessive dividend payments.

Stating that the dividend ceiling application of the ECB, which is currently implemented as a pandemic measure, will most likely be lifted this year, Delgado noted that the ECB would encourage banks to adopt more moderate dividend policies.

“If they don’t do this, we can restrict banks’ dividends through higher capital or qualitative measures,” Delgado said.

The ECB has previously advised banks in the euro area not to pay dividends to their shareholders, limit these payments, and not buy back shares until September 30, 2021.

Wall Street banks began to announce successive dividend payments and share buyback programs after the Fed received a passing grade in stress tests.

Joe Biden, The President of the United States
Joe Biden, The President of the United States

U.S. Seeks Digital Trade Deal in Indo-Pacific

White House officials are considering different proposals for a digital trade agreement covering Indo-Pacific economies as the administration seeks ways to check China’s influence in the region. While the details of the potential deal are yet to be clarified, the deal is expected to cover Canada, Japan, Malaysia, Australia, New Zealand, and Singapore.

The agreement aims to set the standard for the digital economy. These include data usage and electronic customs regulations. Sources state that the Biden administration is closely interested in the steps that will strengthen economic ties with the Indo-Pacific Region.

The agreement may establish digital economy standards, such as regulations on data usage, trade facilitation, and electronic customs arrangements. It would also demonstrate that the Biden administration is interested in pursuing new trade opportunities after spending its first months focusing on enforcing existing agreements rather than moving forward with negotiations with the United Kingdom and Kenya.

Wendy Cutler, one of the former trade representatives of the USA, thinks that with the digital trade agreement, the USA will be included in the game again in the region.

However, it is stated that it will be difficult to sign a new agreement because of the USA’s unions and anti-free trade policies.

A White House official said Monday night no decisions had been reached but that the administration intended to deepen its relationship with the Indo-Pacific region in many areas, including digital trade. The Office of the U.S. Trade Representative declined to comment.

E.U. Suspends Digital Tax Work

The E.U. reported that work on its digital tax proposal had been halted to focus on the broader minimum global tax treaty.

European Union (E.U.) Commission Spokesperson Daniel Ferrie stated that an agreement was reached for a more stable, sustainable, and fair tax system at the G20 Summit held in Venice, Italy, and said:

“Successfully concluding this process will require a final effort from all parties, and the Commission is committed to focusing on that effort,” said a Commission spokesman.

“For this reason, we have decided to put on hold our work on a proposal for a digital levy as a new E.U. own resource during this period.”

Italian Economy and Finance Minister Daniele Franco announced on July 10 that as the G20 countries, they had reached a significant agreement on the international tax regulation of multinational companies.

Franco noted that he and his counterparts agreed that multinational companies should pay taxes where they operate and generate profits.

The Italian minister emphasized that they intend to put into effect the mechanisms they have agreed upon until the G20 Leaders’ Summit, which will be held at the end of October.

The E.U.’s announcement came after U.S. Treasury Secretary Janet Yellen arrived in Brussels for meetings with E.U. finance ministers and Commission officials. She is expected to discuss the tax deal and lobby against the proposed E.U. levy, which has been criticized as conflicting with the G-20 agreement.

Learn more about us
Tags: BOEdigital trade agreement
TweetShareShareSend
Previous Post

EURUSD is Looking for Direction After the Pull Back

Next Post

USDCNH is Looking the Dollar Index for Future Moves

Related Posts

Silver’s Momentum Eases as Sell Signals Accumulate
ANALYSIS

Silver’s Momentum Eases as Sell Signals Accumulate

Inflation in Tokyo is at its highest in 40 years
DAILY UPDATES

Inflation Slowed in Japan

Asian stocks fell
DAILY UPDATES

Asian Stocks Fall After Fed

Fed's biggest interest rate hike expected
DAILY UPDATES

Fed Raises Interest Rates in Line With Expectations, Signaling a Continuation of Increases

Big Interest Rate Hike Expected in the UK
DAILY UPDATES

UK Inflation Hit Double Digits by Surprise

Important statements from ECB President Christine Lagarde
DAILY UPDATES

Lagarde: Eurozone Banking Sector is Resilient

Next Post
USDCNH is Looking the Dollar Index for Future Moves

USDCNH is Looking the Dollar Index for Future Moves

You might also like

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions

trading strategy

7 Steps to Create a Successful Trading Strategy

algorithmic trading

A guide to creating a successful algorithmic trading strategy

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

FTD Limited offers Introducing Brokers Program

How to become an introducing broker? Learn easy in 4 steps

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology: How to Build a Successful Trading Mind

Recent Posts

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY
  • Inflation Slowed in Japan
  • Federal Reserve Takes Action to Address Banking Sector Issues and Inflation
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • Silver’s Momentum Eases as Sell Signals Accumulate
  • CFDs vs Futures: Understanding the Key Differences to Make Informed Trading Decisions
  • Core Inflation Increased Downward Potential of USDJPY

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.