Search Results for: European economy
Cyprus to Exit From Bailout Program
March 8th, 2016
Country follows Ireland, Spain and Portugal, despite not completing a final task Cyprus will successfully exit from its bailout program this month despite not completing one final task required by its creditors, eurozone finance ministers said Monday. The island-state’s exit ...
Iran Oil Lands in Europe for First Time Since Sanctions End
March 7th, 2016
Spanish refiner Cepsa offloads first tanker with Iranian crude France and Romania await cargoes as Iran slowly ramps-up sales The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of 1 million barrels ...
Economists warn of risks from negative interest rates
March 7th, 2016
Economists at a key central bank organization are warning of potential risks from the negative interest rates in place in Europe and Japan. Central banks in the eurozone, Denmark, Japan, Sweden and Switzerland have all taken rates below zero and ...
Asian shares hit two-month high after solid U.S. job growth
March 7th, 2016
Asian shares hit two-month highs on Monday, extending sharp gains from last week, following upbeat U.S. jobs data, a rebound in oil and commodity prices and a flurry of reassurances from Chinese leaders that the economy would remain on ...
Businesses struggled from Asia to Europe in February
March 3rd, 2016
Global business growth slowed last month as services from Asia to Europe reported waning demand and little or no inflationary pressure, suggesting more central bank stimulus may be needed, surveys showed. Euro zone businesses had their worst month in ...
Greece Latest: New payouts and the start of debt relief talks may delay
March 3rd, 2016
Euro zone, IMF split over how much Greece needs to reform Euro zone lenders and the International Monetary Fund disagree over how much more Greece needs to do to reform its economy, a dispute that may delay new payouts ...
EBRD supports international trade in Greece through National Bank of Greece
March 2nd, 2016
Facility will help National Bank of Greece scale up trade finance The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of international trade with a facility to National Bank of Greece under the EBRD’s Trade Facilitation Programme (TFP). The facility ...
Asia mostly higher with Nikkei leading the pack
March 2nd, 2016
Asian markets rose Wednesday, with Japan’s Nikkei 225 index leading the way after a strong finish on Wall Street overnight. The Japanese benchmark index was up 4.26 percent, with the yen hovering near the 114 handle against the dollar, after falling ...
Stocks Limp to End Weak February
March 1st, 2016
Investors remain cautious, as officials guide China’s currency to weakest level in three weeks February’s rally faded Monday, as the Dow industrials hung on to post a small gain for the month while the S&P 500 slipped into negative ...
Deutsche Bank: It’s time to buy gold
February 29th, 2016
Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday. The recovery since the global and European financial crises had put theprice of gold under some pressure. The ...
