Search Results for: FIS
Saudi economy is resilient, says World Bank expert
February 8th, 2016
Saudi Arabia has five years’ worth of reserves at current spending levels and oil prices, Shantayanan Devarajan, chief economist of the World Bank’s Middle East and North Africa Region said in an interview with Tass. “The fact is that ...
It is time for a euro zone finance ministry?
February 8th, 2016
The euro zone needs to press ahead with structural reforms and closer integration, including an euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper on Monday. ...
Asia markets retrace losses; banks remain under pressure
February 8th, 2016
Markets in Australia and Japan rang in the year of the monkey on a slightly higher note, erasing early losses Monday. Most major Asian markets remained closed for the Lunar New Year holidays. Down Under, the ASX 200 erased losses of ...
Asia markets trade mixed as Nikkei extends losses
February 5th, 2016
Asian markets came under pressure on Friday, despite a positive finish on Wall Street overnight, as a newly weaker dollar brought fresh concerns. “The U.S. dollar basket has lost 3.2 percent since the close on Friday and 2.3 percent ...
Bank of England maintains Bank Rate at 0.5%
February 4th, 2016
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a ...
European Economy forecast, challenges and risks
February 4th, 2016
The European Commission has issued a press release to inform regarding Winter 2016 Economic Forecast; Weathering new challenges The European economy is now entering its fourth year of recovery and growth continues at a moderate rate, driven mainly by consumption. ...
Greece: fears for more cuts and tax increases will be needed to unlock bailout loans
February 4th, 2016
Greece Fears More Austerity Pain Ahead to Unlock Bailout Loans Nationwide strike called to protest cuts as talks progress with creditors The outlook for Europe’s most depressed economy hinges on how talks progress between the Greek government and its ...
SEC Charges Lending Company and Brokerage Firm With Fraud
February 4th, 2016
The Securities and Exchange Commission announced fraud charges against a Manhattan-based lending company and its owner accused of repeatedly lying to investors purchasing high-yield securities. The SEC also charged the brokerage firm that acted as the placement agent and two ...
Lower oil prices hit UAE and Saudi Arabia economies, latest PMI survey shows
February 4th, 2016
The economies of the UAE and Saudi Arabia slowed further last month, according to monthly trackers of business activity published yesterday, as falling oil prices and a stumbling global economy hit the region. The UAE purchasing managers’ index, which ...
Google parent Alphabet passes Apple market cap at the open
February 3rd, 2016
Shares of Alphabet opened nearly 3 percent higher Tuesday, pushing the technology giant’s market capitalization past Apple to become the world’s most valuable public company. Alphabet has a market cap of $547.1 billion, higher than Apple’s $529.3 billion as ...
