Search Results for: euro
Varoufakis’ 6 reforms: 3 for humanitarianism + 3 for tax
March 4th, 2015
Greek Finance Minister Yanis Varoufakis is heading to the Eurogroup meeting of the euro area’s finance ministers on Monday with six proposals aimed at appeasing them. In an effort to reach a compromise, he is pulling back the proposal ...
Court upholds British challenge to ECB policy on clearing houses
March 4th, 2015
The European Union’s second-highest court has ruled the European Central Bank (ECB) was wrong to insist that euro clearing houses should be based in the single currency area, a policy Britain had challenged to defend its financial sector. Lawyers ...
CME Group Volume Averaged 15.8 Million Contracts per Day in February 2015, Up 13 Percent from February 2014
March 4th, 2015
Delivered highest February average daily volume ever Reached record energy average daily volume of 2.4 million contracts; bolstered by records in WTI crude oil, Brent crude oil, and heating oil Increased interest rate average daily volume 27 percent CME ...
ECB Glimpse of Cyprus Debt Shows Limits of Bank Cleanup
March 4th, 2015
There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. One banking crash, three and a half years of recession and an international bailout later, ...
Dollar clings near 11-year high ahead of U.S. data, ECB
March 4th, 2015
The dollar held firm near an 11-year high versus a basket of major currencies on Wednesday, as investors awaited U.S. economic data and a European Central Bank meeting later this week for fresh clues on policy direction. The dollar index edged ...
Guidewire to Hold Innovation in Insurance 2015 Conference in Brussels
March 3rd, 2015
Keynotes include leading insurers: Aviva, P&V, Santam, Tinkoff, and Zurich Guidewire Software, Inc. (NYSE: GWRE), a global provider of software products to the general insurance industry is holding its Innovation in Insurance event on 9th March 2015 in Brussels. ...
EBA updates on future EU-wide stress tests
March 3rd, 2015
European Banking Authority has issued a press release informing that: In its meeting on 24 February 2015, the Board of Supervisors of the European Banking Authority (EBA) decided not to carry out an EU-wide stress test in 2015 and ...
Barclays posts ‘messy’ full-year loss as shares fall
March 3rd, 2015
U.K bank Barclays posted a loss in its statutory full-year earnings on Tuesday as it set aside more money for potential fines related to its foreign exchange operations. Adjusted pre-tax profit increased by 12 percent in 2014 to £5.5 ...
Spain says third bailout for Greece seen at EUR 30-50 bn
March 3rd, 2015
Spanish Economy Minister Luis de Guindos on Monday said European Union officials are estimating that a hypothetical third bailout for Greece could amount to between 30 and 50 billion euros ($34-55 billion). European officials have estimated that Greece’s financing ...
ECB meeting preview: What traders should expect from it
March 3rd, 2015
DESPITE a range of economic indicators suggesting that the Eurozone economy has finally begun to turn a corner, markets had an uncertain start to the week. Although the currency bloc’s unemployment rate slipped to 11.2 per cent in January ...
