Search Results for: European banks
Euro Inflation Slowing More Than Forecast Pressures ECB
June 3rd, 2014
Euro-area inflation slowed more than economists forecast in May, cranking up pressure on the European Central Bank to deploy measures as soon as this week to kindle prices and drive growth. The rate fell to 0.5 percent from 0.7 ...
Iran Eliminates US Dollar from Forex Reserves
June 3rd, 2014
The Central Bank of Iran (CBI) has practically rid the country’s foreign currency reserves of US dollar, replacing them with the United Arab Emirates’ dirham, an official said. Hossein Ya’qoubi, CBI governor for international affairs, told the Tasnim News ...
ECB to lead revamp of global FX codes of conduct
June 3rd, 2014
The European Central Bank has been given the lead role in work to strengthen codes of conduct for currency markets, expected to be one of the main areas highlighted in a report from global regulators due within weeks. Banking ...
Bank of England’s governor urges for more transparency
June 2nd, 2014
Bank of England deputy governor Jon Cunliffe said asset-backed securities in the European Union should be made more transparent to revive a market badly hit by the 2008 financial crisis. He was speaking after news the European Central Bank ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Gold nears worst week since March as stocks climb, demand falls
May 30th, 2014
Gold steady above $1,250/oz, heads for 3 pct weekly loss * Improved appetite for risk pushes stock markets higher * Premiums fall in India; demand soft across Asia-traders (Updates throughout, changes dateline, pvs SINGAPORE) Gold steadied on Friday ...
The Return of Moderation: Sea of Tranquility
May 29th, 2014
Volatility has disappeared from the economy and markets. That could be a problem. A decade ago, the business cycle was an endangered species. Recessions in the rich world had become rare, shallow and short; inflation was predictably low and ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
Levine on Wall Street: Wise Rabbits and Philosophical Regulators
May 28th, 2014
Paul McCulley is back. Pimco’s new chief economist is Paul McCulley, back for his third stint at the firm that he previously left in 1992, returned to in 1999, and left again in 2010. So he knows what the ...
Dear Investors: China’s Problems Are Your Problems
May 27th, 2014
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets ...
