Search Results for: europe
UK SMEs lack processes required to eradicate late payments, reveals Neopost survey
February 5th, 2015
New research from Neopost UK has found that – even though invoices make up nearly a third (31%) of all SMEs outgoing communications – the majority of the UK’s smaller firms are struggling to manage their invoicing processes in ...
Asia stocks, euro hit as ECB takes hard line on Greek debt
February 5th, 2015
Asian stocks were mostly lower and the euro slipped on Thursday after the European Central Bank said it would not accept Greek bonds as collateral – a robust early response to Athens’s efforts to renegotiate bailout terms with creditors. ...
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
China stock markets rally after surprise rate cut
February 5th, 2015
China markets are rallying after the mainland’s central bank unexpectedly cut a key lending rate on Wednesday. The People’s Bank of China lower the required reserve ratio (RRR) for banks by 50 basis points in an attempt to stimulate the slowing ...
Greek Finance Ministry says ECB decision aimed at Eurogroup
February 5th, 2015
The Greek Finance Ministry interpreted a European Central Bank decision to stop accepting Greek government bonds as collateral from local lenders as a moved aimed at pushing Athens and its eurozone partners towards a new debt deal. “By taking ...
Eligibility of Greek bonds used as collateral in Eurosystem monetary policy operations
February 5th, 2015
European Central Bank: 4 February 2015 ECB’s Governing Council lifts current waiver of minimum credit rating requirements for marketable instruments issued or guaranteed by the Hellenic Republic Suspension is in line with existing Eurosystem rules, since it is currently ...
MFSA: Circular to the financial services industry on the issue of the PRIIPS Regulation
February 4th, 2015
The Malta Financial Services Authority (MFSA) would like to draw the attention of the financial services industry to the publication of Regulation (EU) No 1286/2014 of the European Parliament and of the Council of the 26 November 2014 on key information ...
‘Currency war’ to be ‘lose-lose’ game: Strategist (video)
February 4th, 2015
With each fresh headline of a central bank cutting interest rates comes rising concerns over the global race to the bottom. As the U.S. contemplates coming off policies that suppressed the dollar’s value, its counterparts are heading in the ...
Rising oil boosts investors’ optimism
February 4th, 2015
US markets surged on Tuesday as rising oil prices lifted energy shares. Energy issues gained 2.8%, marking fourth-straight advance. Investors’ optimism was boosted also by developments in Greece’s debt negotiations and automaker’s reports of increases in January car sales. ...
How Greece could accidentally stumble out of the euro
February 4th, 2015
In less than four weeks the international lifeline that has kept Greece afloat for five years is due to expire. Debt repayments are looming and the country is running out of funds. Lenders won’t forgive Greece’s huge debts so ...
