Search Results for: Greece
Greek finance minister: ‘End the vicious cycle’
January 28th, 2015
Greece‘ s newly elected government will look to “end the vicious cycle” of bailout and borrowing that has persisted through years of financial crisis, Finance Minister Yanis Varoufakis told CNBC on Tuesday. Varoufakis is a member of the Cabinet ...
Central Bank of Hungary voted to leave the central bank base rate unchanged
January 28th, 2015
Central Bank of Hungary issued a press release informing that voted to leave the central bank base rate unchanged at 2.10%. In the Council’s judgement, Hungarian economic growth is likely to continue. While the pace of economic activity is ...
European Stocks Fall Following Greek Selloff
January 28th, 2015
Markets Cautious Ahead of U.S. Federal Reserve Statement European stocks fell Wednesday, hit by a big selloff in Greece and caution ahead of the latest message on the path of monetary policy due from the U.S. Federal Reserve statement later in the day. ...
Eurogroup meeting of 26 January 2015: Remarks by Jeroen Dijsselbloem
January 27th, 2015
Good evening and welcome to this press conference. This was our first Eurogroup of the New Year and already a lot has happened. Of course we discussed the latest news, which was the outcome of last nights Greek elections ...
Asia shares inch ahead, euro steady as Fed meets
January 27th, 2015
Most Asian share markets firmed on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without too much disruption. The main European indices were expected to open higher, though foul weather ...
Gold Heads for Longest Losing Run This Year Before Fed Meeting
January 27th, 2015
Gold fell for a third day to the lowest level in a week before Federal Reserve policy makers gather and as European finance ministers agreed to work with the new Greek prime minister to keep the country in the ...
Russian Ruble Falls After Tensions Flare Over Ukraine
January 26th, 2015
The Russian ruble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. At 10:55 the ruble was down 2.4 percent against the dollar at 65.82 and 2.4 percent weaker against the euro at 73.85. President Vladimir Putin blamed “criminal orders” by Ukrainian ...
Oil falls after Greek election sends euro tumbling
January 26th, 2015
Oil slid in early Asian trade on Monday, with U.S.crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the dollar. Greece’s left-wing Syriza appeared on course to trounce the ...
Gold atop $1,300 for the first time since August
January 21st, 2015
Investors are rushing back into gold, so much so that they pushed the price above $1,300 an ounce for the first time since August. In early electronic trading on Wednesday, gold for February delivery GCG5, +0.60% gained $9.10, or 0.7%, to $1,303.20 ...
Gold is the New Cash: Weak Currencies Cause Gold Prices to Soar
January 20th, 2015
Gold prices have soared on the recent wave of global volatility with stock market crash in China and the Swiss national currency turmoil, exceeding $1,300-1,320/oz. One of the top-valued metal commodities and a universal monetary equivalent, gold, is heading ...
