Search Results for: US economy
Greece confident of reaching agreement in make-or-break 24 April deadline
April 15th, 2015
Eurozone finance ministers to pass judgment next week on reform-for-cash deal that would unlock €7.2bn (£5.2bn) of financial assistance Greece has vigorously rebutted speculation that it will declare a debt default and plunge out of the eurozone if it fails ...
China’s growth slows to 7% in the first quarter
April 15th, 2015
China‘s economic growth slowed further in the three months to March this year, expanding 7% compared to a year earlier, its slowest pace since the global financial crisis in 2009. The rate was lower than the 7.3% posted for ...
Asian markets stumble over China
April 15th, 2015
Asian markets stumbled on Wednesday as relief China had matched its own growth target was soured by poor readings on consumer demand and industrial activity, underlining the need for more policy action by Beijing. Growth in China’s colossal economy did slow ...
Dollar heads for biggest weekly gain in nearly a month
April 10th, 2015
The dollar rose Friday against most major rivals, remaining on track to log its best week in about a month. The ICE U.S. Dollar Index DXY, +50% a key measure of the dollar’s strength against a basket of six currencies, ...
Bank of Korea Monetary Policy Decision
April 9th, 2015
The Monetary Policy Committee of the Bank of Korea decided today to leave the Base Rate unchanged at 1.75% for the intermeeting period ” Based on currently available information the Committee considers that, although the trend of economic recovery ...
Europe’s Plunging Borrowing Costs Mark Two New Milestones
April 8th, 2015
Switzerland is first with 10-year bond at negative yield as Mexico lines up 100-year euro bond Europe’s plunging borrowing costs marked two new milestones on Wednesday, with Switzerland becoming the first country ever to issue 10-year debt that gives ...
Islamic Banking Lands In The Heart Of Europe
April 8th, 2015
Germany’s first Sharia-compliant bank wants to revolutionize the finance sector of the European economic juggernaut. Investment in businesses related to alcohol and gambling are prohibited, as is the practice of charging interest, and Muslim and non-Muslim customers are welcome. ...
VAT contributions from EU countries – UK contributes the second highest
April 8th, 2015
Value Added Tax (VAT) is a major source of funds for EU Budget. Uk group Business for Britain has released a research Business for Britain Research showing that UK is the second-highest contributor to the EU budget regarding VAT contribution ...
Forget Interest Rates, the Fed Has Another Big Decision to Make in the Next Year
April 8th, 2015
In case exiting years of zero interest rates won’t be hard enough, Federal Reserve officials have another challenge approaching quickly: when to begin unwinding trillions of dollars of bond purchases that constitute the world’s largest fixed-income portfolio. Less than ...
China’s taxman is coming for Alibaba
April 8th, 2015
China stands to collect billions of dollars in taxes as Alibaba insiders unload shares held under lock-and-key since the tech firm’s record-breaking market debut last year. Two of the company’s “lock up” agreements have now expired, releasing an additional ...
