Search Results for: US economy
Deutsche Bank and other European companies to establish a pan-industry platform
May 9th, 2017
– “Master key” planned for online activities and public authorities – Initiative seeks to provide competitive, European response to international platform economy – German federal ministries welcome initiative Leading German and European companies have stated their intention to cooperate ...
Oil gives up earlier gains as rising US output, China concerns weigh
May 9th, 2017
Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended. Brent crude futures, the international benchmark ...
Business cycles are credit cycles
May 7th, 2017
This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as originating in the private sector, when they are the consequence of fluctuations in credit. It ...
Germany’s booming economy shifts into overdrive
May 3rd, 2017
Europe’s largest economy, Germany, is seeing trade surge with a sharp increase in demand for goods ‘Made in Germany’ around the world. The rise comes despite protectionist rhetoric from Washington. In the first two months of 2017, overall German ...
Athens agrees more austerity measures to secure bailout
May 2nd, 2017
The Greek government has agreed to impose more taxes and pension cuts on its citizens in order to pave the way for long-awaited debt relief talks with international creditors. “The negotiations for a technical deal were concluded on all ...
The Bank of Russia decided to reduce the key rate to 9.25% p.a.
May 2nd, 2017
On 28 April 2017, the Bank of Russia Board of Directors decided to reduce the key rate to 9.25% per annum. The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks ...
Reserve Bank of Australia keeps the cash rate unchanged at 1.50 per cent
May 2nd, 2017
The Reserve Bank of Australia has published today a statement by Philip Lowe, Governor, to inform about its monetary policy decision. According the press release, at its meeting today, the Board decided to leave the cash rate unchanged at ...
UN report: Social network payments now reach nearly US $3 trillion in China
April 24th, 2017
Payments on messaging and e-commerce platforms set to increase China’s GDP by $236 billion by 2025, unlocking new economic opportunities for people and small businesses A new UN study reveals that Alipay and WeChat Pay enabled US$2.9 trillion in ...
Clearstream Monthly report: ECB’s QE continues to put pressure on securities financing industry
April 19th, 2017
The European Central Bank’s (ECB) decision to stick to its bond buying program despite strong EU-wide economic growth has damped hopes in the market that interest rates will rise any time soon. This loose monetary policy can be felt ...
What set to be the driving force for the Middle East economy
April 13th, 2017
The aviation and tourism industry in the Middle East is set to be a driving force for the region’s economy, according to the 6th Arab Aviation Summit’s white paper report released today. The region is expected to deliver a ...
