Search Results for: European Central Bank
‘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 ...
Asia sags on growth worries, Aussie slides as RBA eases
February 3rd, 2015
Asian stocks sagged on Tuesday amid ongoing growth concerns, while the Australian dollar plumbed six-year lows after the Reserve Bank of Australia cut interest rates to a record low. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent after the latest batch ...
Greece finance minister reveals plan to end debt stand-off
February 3rd, 2015
Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined ...
Germany Stands To Be Big Winner of Much-Opposed ECB Stimulus
February 2nd, 2015
Germany, the biggest opponent of the European Central Bank’s new stimulus program, is poised to reap immediate benefits from the effort—an irony that underscores the complexities of designing one monetary policy for the 19-member currency area. The ECB’s program, ...
Europe’s loan portfolio market to top €100bn in 2015
January 30th, 2015
European loan portfolios with a face value of €91bn were sold in 2014, up from €64bn the previous year, says PwC in a Q4 update from its Portfolio Advisory Group. PwC say the European secondary market for loan portfolios ...
Commodity currencies feel heat; dollar, yen, euro stable
January 30th, 2015
Commodity currencies nursed hefty losses on Friday, as investors sent the Australian dollar to 5 1/2 year lows as they bet on the Australian central bank reducing interest rates when it meets next week. While currencies from energy and resource producing countries, such ...
What Would Exclusion From Payment System SWIFT Mean For Russia?
January 29th, 2015
Discussions among European leaders about new sanctions on Moscow have again raised fears that the SWIFT international payments system might be cut off, a move that experts warn would wreak financial havoc on Russia. The Society for Worldwide Interbank ...
Markets decline on weak economic data and disappointing earnings reports
January 28th, 2015
US stocks recorded their biggest decline in three weeks on Tuesday after an unexpected drop in durable-goods orders and disappointing earnings reports from Microsoft Corp. and Caterpillar Inc. The durable-goods orders fell 3.4% in December instead of a small ...
S&P Downgrades Russia’s Sovereign Credit Rating to Junk
January 27th, 2015
Ratings agency S&P has cut Russia’s sovereign credit rating to junk status, bringing it below investment grade for the first time in a decade. Warning of difficult times ahead for Russia’s economy, S&P said Monday that it had cut ...
Gold Heads for Longest Losing Run This Year Before Fed Meeting
January 27th, 2015
Gold fell for a third day to the lowest level in a week before Federal Reserve policy makers gather and as European finance ministers agreed to work with the new Greek prime minister to keep the country in the ...
