Search Results for: euro
ECB’s Draghi Considering Large-Scale Bond Purchases
September 1st, 2014
Between Mario Draghi and quantitative easing lies an obstacle course. The European Central Bank president’s signal that he’s considering large-scale bond purchases raises the question of how to surmount hurdles from political and legal challenges to conflicts with measures ...
NATO Set to Ratify Pledge on Joint Defense in Case of Major Cyberattack
September 1st, 2014
When President Obama meets with other NATO leaders later this week, they are expected to ratify what seems, at first glance, a far-reaching change in the organization’s mission of collective defense: For the first time, a cyberattack on any ...
Barclays to Sell Retail and Corporate Bank Units to CaixaBank of Spain
September 1st, 2014
Barclays said on Sunday it had agreed to sell its retail and corporate banking business in Spain to CaixaBank for 800 million euros, or $1.05 billion, the latest development in the British bank’s plan to streamline itself by selling ...
UK businesses ‘want new EU deal’, says lobby group
September 1st, 2014
Most British businesses want the UK to renegotiate its relationship with the EU, according to a British Chambers of Commerce (BCC) survey. The lobby group said 60% of the 3,200 firms polled believed bringing some powers home would help ...
Citi to pay allowance to compensate for limited bonuses
September 1st, 2014
Citigroup Inc (C.N) has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base ...
UK manufacturing growth cools as export orders slip
September 1st, 2014
Britain’s main manufacturing trade association trimmed its growth forecast for 2014 on Monday after its members reported the first fall in export orders since early 2013. The EEF association said its quarterly survey of members showed slowing growth in ...
The billion-dollar fall of the house of Espirito Santo
August 29th, 2014
On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela’s state oil company, which had bought $365 million in ...
Bulgaria may let Corpbank depositors get partial access to accounts
August 29th, 2014
Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) 6C9.BB may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday. “We debated issues of partial access to deposits as of ...
‘Crop tourists’ predict record corn and soyabean harvests
August 29th, 2014
Every August, travellers with a high tolerance for monotony flock to the two-lane highways of the rural US Midwest. Tracing 1,000-mile routes across corn and soyabean fields, these participants in annual “crop tours” stop to measure ears, count bean ...
Australia 200 – Taking a Breather Around 5620
August 29th, 2014
Australia 200 for Friday, August 29, 2014 The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 late last week before easing off to finish out the week. However since ...
