Search Results for: FIS
Japanese stocks soar to seven-year peak on tax-hike delay talk
November 12th, 2014
Japanese stocks scaled seven-year highs on Wednesday, putting the rest of Asia in the shade, buoyed by expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile economic recovery. MSCI’s broadest index ...
Credit Without Banks: Shadow Banking
November 10th, 2014
One of the vivid lessons of the 2007-2009 recession and financial crisis is that in the modern economy, one can’t just think about the financial sector as made up of banks and the stock market. Other financial institutions can ...
Oil price slide threatens energy subsidies in Arabian Gulf states
November 10th, 2014
Low oil prices may lead Arabian Gulf states to issue additional debt and cut energy subsidies, according to the ratings agency Standard and Poor’s. “If there’s a prolonged oil price correction, corporate and government-related entities may have to change ...
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 ...
E.C.B. Threatened to End Funding Unless Ireland Took Bailout, Letters Show
November 10th, 2014
Newly released documents suggest that Ireland was pressured into a controversial 67.5 billion euro bailout that left taxpayers rescuing crippled banks, reigniting a fierce debate about the international aid that Dublin accepted after the financial crash. An exchange of letters, ...
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 ...
Philippines Responds To Businesses’ VAT Refund Concerns
November 7th, 2014
The Philippines tax authority has said that it will process value-added tax refund and credit claims within 120 days of an application, in response to an outcry from businesses about recent Revenue Memorandum Circular (RMC) No. 54-2014, which clarified ...
PBOC Confirms New Liquidity Tool as It Holds Off Easing
November 7th, 2014
China’s central bank has published details on its latest tool to provide liquidity as banks from Goldman Sachs Group Inc. to Australia & New Zealand Banking Group Ltd. (ANZ) see a rate cut as unlikely. The People’s Bank of ...
Qualcomm sees more China trouble, faces probes in U.S., Europe
November 6th, 2014
Qualcomm Inc (QCOM.O) warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe. China’s expanding high-speed 4G ...
IMF update on the UAE economy
November 6th, 2014
At the conclusion of the visit, Mr. Finger issued the following statement today in Dubai, “Economic recovery has continued at a solid pace, supported by construction, logistics, and hospitality. Ongoing public projects in Abu Dhabi and continued strength in ...
