Le Tour De Finance

Proposed elimination of French wealth tax could attract British expats
In an attempt to make France more attractive to the wealthiest foreign expats, President Nicolas Sarkozy has proposed abolishing its wealth tax. Rumors suggest these changes, if passed into law, could be implemented by Spring 2011.
Currently residents with net assets worth over 790,000 Euros, or £675,000, [...]

Foreign Exchange Interbank Rates

Foreign Exchange Rates Overnight/Morning Ranges:
Foreign Exchange Rate EUR/USD 1.3249-1.3321
Foreign Exchange Rate GBP/USD 1.5539-1.5625
Foreign Exchange Rate GBP/EUR 1.1710-1.1792
The Euro rally was short lived, and we are now trading back below the €/$ 1.3300 pivotal level mentioned yesterday. Local Irish press reports that the SNB (Swiss National Bank) is no longer accepting certain Irish government bonds as [...]

Compare Money Transfer News Update

Compare Money Transfer News Update
The year ended on an unpleasant tone particularly for eurozone equity markets (and the Aussie cricket team) due to continued fiscal and debt tensions.  The single European currency rose into year end but this looked more like position adjustment against a change in opinion. The EUR/USD is likely to face a [...]

Travel Money Services

Travel money services who operate from www.travelmoneyservices.co.uk who operate under the trading name of Crown Holdings have gone in to administration causing thousands of people to fear that they will not be getting their holiday money. Travel Money Services operate from Cornwall-based company Crown Currency Exchange.

Thousands of people face uncertainty over travel money after an [...]

Crown Currency Now in Administration

It is officially been released that Crown Currency Exchange Limited Crown Holdings (London) Limited
are Both In Administration. (”the Companies”)
ADMINISTRATION
Paul Clark and Matt Bond, of MCR, together with Harold Sorksy and Stella Davis of SPW (UK) LLP were appointed Joint Administrators (”Administrators”) of the Companies on 4 October 2010. Paul Clark and Matt Bond are licensed [...]

Crown Currency Exchange Cease Trading

Crown Currency Exchange which is one of the UK’s largest travel money businesses, have left thousands of holiday makers without any travel money after its bank accounts were frozen by Barclays bank.
As fears grow that an administrator is likely to step in to identity and establish what went wrong and to get an understanding on Crown [...]

New Reforms To Overcome Crisis

With the recent announcement of Hypo Real Estate (HRE) receiving state support of EUR40bn, the Euro as well as the housing market in Germany is anticipated to be benefitted. The difference is already being observed in the GBPEUR and EURUSD prices. This has brought a sigh of relief for the German housing market, which feared yet another collapse due to lack of free flowing capital and quite a weak recovery since past few months.

Money Transfer to Spain

Money Transfer to Spain
Today the world of commerce and trading has crossed borders and it is possible to run one’s business from anywhere and in any part of the country. This will require people to transfer money to countries in which their operations are conducted. One of the countries in which many business units in [...]

Money Transfers To France

Money Transfers To France
Many companies today spend a lot of money in transferring money to France from the UK. If you are planning for money transfers to France, here are some useful guidelines that you can consider. First of all, you should know how frequently you will be able to send money to France. If [...]

Money Transfer to Portugal

Money Transfer to Portugal
If you are sending money to Portugal from the UK, you need to find a reliable method for foreign currency exchange. All the banks will help you transfer money to Portugal but you will have to pay a considerable amount of money to your bank in a variety of forms. For example, [...]