Search Results for: European countries
Portugal backs Germany on debt deal for Greece
February 20th, 2015
Portuguese Finance Minister Maria Luis Albuquerque insisted in a German newspaper interview on Friday that Greece must fulfil the current conditions of its international bailout. “There is a framework within which we are prepared to talk to the Greek ...
A Greek Drama Draws In the Obama Administration, Again
February 20th, 2015
President Barack Obama and his team may be suffering from Greek financial-crisis déjà vu. In 2010, and again in 2012, Mr. Obama and top officials in his administration worried that Greece’s debt woes could fracture the eurozone, knock down an ...
Greek proposal lifts markets, despite German rejection
February 19th, 2015
A Greek proposal to extend its bailout and not to undermine agreed fiscal targets lifted European stocks to seven-year highs on Thursday and cut government borrowing costs across the euro zone, even though Germany rejected it. Despite the German rejection, Greece’s wording of ...
Bank of Indonesia Rate Lowered by 25 bps to 7.50%
February 17th, 2015
On 17th February 2015, the Bank Indonesia Board of Governors decided to lower the BI Rate 25 bps to 7.50%, with the Deposit Facility rate also reduced 25 bps to 5.50% and the Lending Facility rate maintained at 8.00%, effective ...
Italy’s Economy Fails to Rebound
February 13th, 2015
Italy’s economy stagnated in the three months through December, failing to rebound from its longest recession on record. Gross domestic product was unchanged from the previous quarter when it dropped 0.1 percent, national statistics institute Istat said in a ...
New ETF: offers first-time access to euro zone equities with currency hedging against US dollar
February 13th, 2015
New exchange-listed equity index fund has been tradable since Thursday. The UBS ETF – MSCI EMU Hedged USD UCITS ETF (USD) A-dis gives investors the opportunity for the first time to track the performance of the equity markets in ...
Will Draghi’s QE programme work?
February 13th, 2015
The recent announcement by Mario Draghi for the Quantitative Easing (QE) programme in Europe was welcomed by an expected euphoria from the financial markets. Stock markets around the globe produced positive and significant returns, while yields on the sovereign ...
Can there be contagion with the Greek crisis?
February 13th, 2015
One question that has hovered around the global media recently, but has remained I believe unanswered, is what will be the likely outcome of a “Grexit” to the rest of the Eurozone countries as well as the rest of ...
$9 Trillion Question Is How Tighter Fed Will Impact the World
February 13th, 2015
When Group of 20 finance ministers this week urged the Federal Reserve to “minimize negative spillovers” from potential interest-rate increases, they omitted a key figure: $9 trillion. That’s the amount owed in dollars by non-bank borrowers outside the U.S., ...
Asian shares jump on Ukraine ceasefire, Greek hopes
February 13th, 2015
Asian shares soared on Friday on news of a ceasefire accord in Ukraine, while Sweden’s surprise move to cut its main rate into negative territory and hopes of a resolution between debt-strapped Greece and its creditors burnished risk appetite. MSCI’s broadest index ...
