Search Results for: US economy
FCA to investigate competition in investment and corporate banking services following review of wholesale markets
February 19th, 2015
The Financial Conduct Authority (FCA) today announced plans to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly. This follows the publication of its review into competition ...
Bigger pay packets give pound a lift as sterling hits seven-year high against the euro
February 19th, 2015
Sterling soared to a seven-year high against the euro yesterday, pushed up by record jobs figures and rising wages, with some investors expecting a Bank of England rate hike to come sooner than had been expected. The UK’s employment ...
Fed Tiptoes Into Rate-Hike Debate
February 19th, 2015
Minutes of latest policy meeting show central bankers discussing when and how to raise interest rates from near zero The Federal Reserve’s debate about raising short-term interest rates is heating up. At their Jan. 27-28 policy meeting, officials heard ...
Greece gets lifeline as ECB agrees €3.3bn extra emergency funds
February 19th, 2015
Total funding on offer now €68.3bn as Greek banks come close to using €65bn of liquidity funds granted by European Central Bank The embattled Greek government has been thrown a lifeline by the European Central Bank after the ECB agreed to ...
Bank of Japan: Statement on Monetary Policy
February 18th, 2015
1. At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by an 8-1 majority vote, to set the following guideline for money market operations for the intermeeting period: The Bank ...
Asia shares rise on reduced Greek pessimism, dollar firm
February 18th, 2015
Asian equities rose on Wednesday as pessimism over the Greek debt saga receded somewhat, while the dollar held firm against the yen after spiking up on higher U.S. debt yields. Equities in Europe were also expected to gain. Spreadbetters ...
Dijsselbloem: Extension of program could provide “protective umbrella” for Greece
February 17th, 2015
After the conclusion of the meeting An Ecofin meeting was completed in Brussels on Tuesday without any mention of the possibility of an agreement between the Greek government and the country’s Euro zone partners. After the conclusion of the ...
Greece’s Varoufakis Says ‘No More Loans’ Until Credible Growth Plan: NYT Interview
February 17th, 2015
Greek Finance Minister Yanis Varoufakis said his government was not asking for a way out of repaying the country’s debt, but wanted a few months of financial stability. In an opinion piece for the New York Times, Varoufakis also ...
Greece defies creditors, seeking credit but no bailout
February 17th, 2015
Talks between Greece and euro zone finance ministers over the country’s debt crisis broke down on Monday when Athens rejected a proposal to request a six-month extension of its international bailout package as “unacceptable”. The unexpectedly rapid collapse raised doubts about Greece’s future ...
China January FDI grows at strongest pace in four years
February 16th, 2015
Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient ...
