Search Results for: U.S. economy
Bad loans haunt Greek banks seeking new start
September 8th, 2015
Turned down for a 10,000 euro ($11,100) loan, George Sarris is one of hundreds of thousands of small business owners shunned by Greek banks. Pointing to the parliament building overlooking his small cafe in Athens’ Syntagma Square, the 35-year-old ...
Brent Trades Near One-Week Low as China’s Crude Imports Decline
September 8th, 2015
China’s crude imports drop 13.4% from record in July Russia said to rule out cooperating with OPEC to cut supply Brent crude traded near the lowest price in more than a week as a slide in China’s oil ...
Asian stocks hold gains after China data in volatile trade
September 8th, 2015
Asian stocks edged higher on Tuesday after a six-day losing streak and the dollar firmed against the safe-haven Japanese yen, but gains were capped as a slump in China’s imports raised fears of a more severe slowdown there. China’s ...
China FX reserves fall record $93.9 bln in Aug as central bank supports yuan
September 7th, 2015
Global investors are bracing for data this week that could show a big drop in China‘s foreign exchange reserves as the central bank steps up its intervention to stabilise the yuan currency after its shock devaluation last month. China ...
Nerves ahead of US jobs bring down Asian stocks
September 4th, 2015
Asian stocks declined on the final trading day of the week, as investors awaited the U.S. nonfarm payrolls report for August that may play a crucial role in the Federal Reserve‘s decision about when to lift interest rates. A ...
What Gigantic natural gas discovery in Egypt’s coast promises means
September 3rd, 2015
Huge offshore gas field could end Egypt’s fuel crisis, but will take years to develop The discovery of a huge gas field off Egypt’s coast promises to ease a long-running fuel crisis and boost the economy after years of ...
Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing
September 2nd, 2015
The struggle for inflation is real and strategic After the European Central Bank decided to initiate an asset purchasing program, President Mario Draghi reportedly elected to unwind with a game of chess on his iPad during the plane ride back to ...
Extreme volatility rocks China stocks
September 2nd, 2015
China stocks swung wildly on Wednesday as investors grappled with the market’s latest episode of extreme volatility. The benchmark Shanghai Composite shed 4.2% at the opening bell, only to recover and lurch into positive territory by mid-day. The smaller ...
China’s market-oriented reforms help promote global growth: Chinese official
September 1st, 2015
China’s recent market-oriented economic reforms, including devaluing its currency and cutting interest rates, help to keep the domestic economy growing and by extension, the global economy, a top Chinese envoy said. Wang Liang, the charge d’affaires at the Chinese ...
China c.bank to clamp down on forwards trading to curb yuan depreciation
September 1st, 2015
Banks must hold 20 pct reserve vs nominal FX forwards value Reserves to be denominated in U.S. dollars, no interest paid Move seen as increasing risk control, discouraging speculation Yuan lost 2.6 pct in August, worst monthly performance on ...
