Search Results for: European Investment Bank
Madoff Trials in Geneva Loom Six Years After Fraudster Confessed
November 13th, 2014
Almost six years after Bernie Madoff admitted his investment firm was based on “one big lie,” two European criminal cases linked to the convicted fraudster are working their way to trial in Geneva. Prosecutor Marc Tappolet is finishing an indictment of ...
Interview with Benoît Cœuré, ECB
November 10th, 2014
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Theano Theiopoulou (Phileleftheros newspaper) on 9 November 2014 1. Why was banks’ participation in the ECB’s targeted longer-term refinancing operations (TLTROs) lower than expected? There ...
ECB could pump €1tn into eurozone in fresh round of quantitative easing
November 7th, 2014
The European Central Bank is ready to pump up to €1tn (£782bn) of fresh stimulus into the flagging eurozone economy to ward off a dangerous deflationary spiral, Mario Draghi has signalled. Draghi, the ECB’s president, said on Thursday that ...
EU’s finance chief to unveil capital market plan in 2015
November 6th, 2014
The EU’s new financial services chief pledged on Thursday to set out his plans for a pan-European capital market by the middle of next year, aiming to reduce companies’ reliance on banks and help revive the bloc’s fragile economy. ...
Euro edges higher, stocks sag before ECB meeting
November 6th, 2014
The euro edged higher and European stocks pulled back on Thursday as investors waited to see how ECB chief Mario Draghi responds to another run of poor euro zone data and reports of disquiet about his leadership style. The ...
Euro zone to avoid recession, stagnation risks remain: EU Commission
November 4th, 2014
The euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, calling on Germany to help as Chancellor Angela Merkel again rejected a spending spree. The EU executive ...
Yen hits 7-year low vs dollar; Aussie falls after weak China PMI
November 3rd, 2014
The yen fell to a fresh seven-year low against the dollar on Monday, extending a massive sell-off sparked by the Bank of Japan’s surprise decision to boost its already huge bond-buying stimulus. Sellers also took aim at the Australian ...
Dollar climbs on yen, BOJ passes baton to ECB
November 3rd, 2014
The U.S. dollar powered to seven-year peaks against the yen on Monday and a two-year high on the euro, a punishing trend for commodities priced in dollars as gold, silver and oil all fell. Disappointing surveys out of China’s ...
Federal Reserve ends bond-buying stimulus
October 30th, 2014
The Federal Reserve cited an improving economy Wednesday as it ended its landmark bond-buying program and pointed to gains in the job market – a key condition for an eventual interest rate increase. The Fed did reiterate its plan ...
The equity cult alive and kicking, despite deflation threat
October 29th, 2014
Anyone betting on another “Great Rotation” of investment flows out of bonds and into stocks is in for disappointment: it’s not happening, and isn’t going to. In a world where deflation, never the most fertile ground for equities, is ...
