Search Results for: ECB
Deutsche Bank becomes latest currency dealer to lower its dollar forecast
May 13th, 2016
Deutsche Bank on Thursday became the latest major player in the global currency market to lower its expectations for the U.S. dollar. The call is a sign that Wall Street is coming around to the view that the Federal ...
Macy’s Crushed By Amazon, Italian Banks Crushed By Euro
May 12th, 2016
This is a tale of changing environments and the organisms that are, as a result, dying off. First, consider the bricks and mortar retailers. Amazon, the dominant online seller of virtually everything, reports a spectacular quarter with soaring sales ...
Bloomberg Confirms its FX Benchmarks Comply with IOSCO Principles
May 12th, 2016
Bloomberg announced today the successful completion of an independent assessment confirming the alignment of the BFIX family of benchmarks with the International Organization of Securities Commissions’ principles for financial benchmarks. The assessment was conducted by Ernst & Young LLP ...
Greece adopted a controversial package of pension cuts and tax hikes
May 9th, 2016
Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds. The unpopular reforms, which saw ...
Why Europe Just Dropped the €500 Bill
May 5th, 2016
High-denomination currencies are falling out of favor. The European Central Bank announced on Wednesday it will phase out €500 notes. Depending on who you ask, the controversial move will either make life harder for money launderers and other criminals ...
TICKING TIME-BOMB: Greece set to run out of cash by MAY pushing Europe into ANOTHER crisis
April 28th, 2016
DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis. Athens desperately needs £4 BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. ...
Asian Stocks Retreat as BOJ Negative-Rate Proposal Weakens Yen
April 22nd, 2016
Microsoft, Alphabet, Sony profits fall short of estimates Topix rebounds as currency weakens; Shanghai Composite falls Asian stocks retreated from a four-month high as companies including Sony Corp. and Microsoft Corp. reported earnings that missed estimates. Japanese shares rose ...
European Stocks Little Changed as ABB, Miners Offset Energy Drop
April 20th, 2016
Crude prices retereat as Kuwait workers agree to end strike Miners advance as BHP Billiton cuts iron ore output forecast European stocks were little changed as miners advanced and investors focused on companies that posted better-than-expected earnings, offsetting a ...
Numerix and PKF Portugal Partner
April 13th, 2016
Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management announced a new partnership with PKF Portugal, a leading accountant and business advisory firm. As part of the relationship PKF Banking & Capital Markets solutions will ...
Italy Forms $5.7 Billion Fund to Shake Off Doubts in Banks
April 12th, 2016
Fund to help weakened banks sell shares and unload bad loans Atlante fund managed by Quaestio Capital investment firm Italian officials and bank executives agreed to create a multibillion-euro fund to help troubled lenders raise capital and offload bad ...
