Search Results for: European economy
‘Euro was flawed at birth and destined to collapse’ – Nobel economist
August 10th, 2016
The decision to create a single currency without the institutions which would make it work was “fatal” for the eurozone, said Nobel-Prize winning economist Joseph Stiglitz, adding that the “eurozone must ditch it now to survive.” In his book ...
Saving the system
August 10th, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s ...
London no longer world’s most expensive city
August 8th, 2016
The British capital now ranks third behind New York and Hong Kong as the cities with the highest property values, according to luxury real estate broker Savills. The falling pound has accelerated the cooling real estate market following the ...
Bank of England cuts Bank Rate to 0.25%
August 4th, 2016
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending 3 August 2016, the MPC voted for ...
Dollar steady, sterling waits for BoE rate cut decision
August 4th, 2016
The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with expectations running high that the Bank of England will cut interest rates for the first time since 2009 in a ...
Bank of Israel reports Monetary Policy for the six Months 0f 2016
August 3rd, 2016
Monetary policy: During the first half of 2016, the Monetary Committee decided to leave the interest rate at a level of 0.1 percent. For both July and August, which belong to the second half of 2016, the Monetary Committee also ...
Euro-Area Output Unexpectedly Picks Up as Brexit Qualms Fade
August 3rd, 2016
Purchasing Managers’ Index rises to 53.2 in July from 53.1 Gauge signals little contagion from U.K. vote, Markit says Euro-area output unexpectedly accelerated to the highest in six months, signaling that manufacturers and services providers are shrugging off concerns ...
Oil Retreat Sinks Asian Stocks; Aussie Declines After RBA Cut
August 2nd, 2016
Crude oil hovers at $40 a barrel after entering bear market Japanese government to give details of fiscal stimulus Tuesday European stocks declined for a second day and dollar weakened as oil traded near $40 a barrel. Japanese 10-year ...
EU considers blacklisting NZ over tax laws
August 1st, 2016
Possible EU sanctions against New Zealand could make travel harder and have a massive effect on the economy. New Zealand is under investigation by the EU as it prepares a blacklist of global tax havens, Newshub revealed on Monday ...
Asian Shares Gain, Won Rises With Ringgit as Fed Seen on Hold
August 1st, 2016
MSCI Asia-Pacific benchmark heads for sixth day of gains Won, ringgit advance as waning Fed rate rise odds hurt dollar European and U.S. stock futures climbed as Asian shares advanced and the South Korean won rallied to a one-year high ...
