Search Results for: European Central Bank
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 ...
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 ...
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 ...
Europe Stocks Near Seven-Year High on ECB Stimulus After Greece
January 26th, 2015
European stocks traded near a seven-year high amid optimism about central-bank stimulus, while Greek shares dropped as opposition party Syriza won an election. The Stoxx Europe 600 Index slipped less than 0.1 percent to 370.20 at 2:50 p.m. in ...
Jan 22, ECB President Mario Draghi: Introductory statement to the press conference
January 22nd, 2015
“Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. Let me wish you all a Happy New Year. I would also like to take this opportunity to welcome Lithuania as the ...
FXCM Revises FX and Gold Margin Requirements
January 22nd, 2015
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange, or FX, trading and related services, announced that starting Wednesday, January 21, 2015 the firm will increase margin requirements globally on forex instruments, as well as gold in its ...
Richest Russians Repatriate Assets After Putin Turns Tax Screw
January 20th, 2015
President Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the U.S. and the European Union. Under new tax rules signed into law ...
Switzerland Underestimated Effect Of Currency Move On Swiss Franc
January 19th, 2015
After Switzerland’s central bank shocked global markets with a surprise currency move on Thursday, the global consensus a day later was: No more surprises, please. Currency brokers across the globe suffered deep losses, people in Geneva lined up at ...
