Search Results for: FIS
Can You Imagine The Fed Raising Rates In This World? Currency Crisis Edition
August 13th, 2015
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common sense, was still promising to raise interest rates come September. Fast forward to this ...
China central bank tries to soothe global markets, says no basis for yuan to fall further
August 13th, 2015
China’s central bank said on Thursday that there was no basis for further depreciation in the yuan given strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week. As ...
The PBC Spokesman Answered More Press Questions on the RMB Exchange Rate
August 12th, 2015
1. Why does the central parity of RMB exchange rate against US dollar change nearly 1.6% on 12 August from that of 11 August? The central parity of RMB exchange rate against US dollar changed nearly 1.6% (in depreciation ...
Greece and lenders agree bailout, shares rally
August 11th, 2015
Greece and its international lenders reached an 85 billion euro bailout agreement on Tuesday after nailing down the terms of new loans needed to save the country from financial ruin. The deal, which came after 23 hours of talks ...
The Saudi Oil Price War Is Backfiring
August 10th, 2015
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces ...
Suez Canal Upgrade May Not Ease Egypt’s Economic Journey
August 7th, 2015
“Egypt Rejoices,” the television networks and newspapers declared, announcing “Egypt’s gift to the world.” Businesses were closed, the streets of Cairo were empty, and the airwaves were full of patriotic songs and music videos — all featuring adoring images of ...
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
August 6th, 2015
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 5 August 2015, the MPC ...
Here Comes The Next Trillion-Dollar Bailout
August 4th, 2015
As boxers like to say, it’s the punch you don’t see that knocks you out. In a world where a growing part of the financial system is hidden from view and excluded from official statistics, those are words to ...
Greek Financial Markets to Open as Talks With Creditors Continue
August 3rd, 2015
Greek financial markets reopen on Monday after a five-week suspension as talks continue with creditors on austerity measures and reforms required for a third bailout. Local traders will be able to buy stocks, bonds, derivatives and warrants under certain conditions, according ...
AFD founder: ‘Schäuble’s Greece policy is pure marketing’
July 30th, 2015
German Finance Minister Wolfgang Schäuble’s latest plans for a euro tax have solidified the prospect of a transfer union, says Eurosceptic Bernd Lucke in an interview with EurActiv Germany. The founder of the Eurosceptic Alternative for Germany (AfD) party, argues that ...
