Search Results for: central banks
Asia markets take another tumble as rout persists
January 21st, 2016
Markets in Asia lost early gains and tumbled into negative territory in afternoon trade, following another selloff on Wall Street overnight on global growth concerns, uncertainty in China and fresh lows in oil prices. The Shanghai composite touched its ...
Draghi Efforts Thwarted by Oil as Economists See More Easing
January 19th, 2016
Some 61% of respondents in Bloomberg survey see more stimulus Raising monthly QE amount, deposit-rate cut seen among options Mario Draghi may have to up the ante, and he has oil to blame. More than 60 percent of economists ...
PRA takes enforcement action against former Co-op Bank individuals
January 18th, 2016
The Prudential Regulation Authority (PRA) has today prohibited Barry Tootell, the former Chief Executive (CEO) of the Co-operative Bank Plc (Co-op Bank) and Keith Alderson, the former Managing Director of the Co-op Bank’s Corporate and Business Banking Division, from ...
Switzerland Weathers the Superstrong Franc
January 15th, 2016
It was in a small, wood-paneled boardroom overlooking Lake Zurich that Thomas Jordan and his colleagues at the Swiss National Bank made a decision that caught global markets unawares, infuriated Swiss industrial leaders, and tipped the economy dangerously close ...
EBA publishes revised final draft technical standards and Guidelines on methodology and disclosure for global systemically important institutions
January 14th, 2016
The European Banking Authority (EBA) published today revised final draft technical standards and Guidelines on the further specification of the indicators of global systemic importance and their disclosure. The need for this revision was prompted by the new data ...
Russian watchdog to inspect Microsoft, McDonald’s for compliance with personal data law
January 12th, 2016
The regulator plans to hold over 1,000 scheduled inspections of compliance with the law on keeping of Russian users’ personal data on servers in Russia Central Federal District Department of the Russian IT and communications regulator will inspect a ...
The Challenges for the Cypriot Economy for 2016
January 11th, 2016
Assessing the current state of the Cypriot economy one could say that the year 2015 was undoubtedly another difficult year with several problems still remaining unresolved. One could also though add a positive note, that it was the year ...
China to be Iran’s top partner in 2016
January 7th, 2016
The expected removal of the nuclear deal opens up new opportunities for Iran. Though the sanctions haven’t lifted yet, many countries and their respective companies have lined up to gain more advantage from the renewal or restoration of economic ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
China Said to Intervene in Stocks After $590 Billion Selloff
January 5th, 2016
State funds buy after CSI 300 index tumbled 7% on Monday CSRC signals six-month selling ban on major holders to stay China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled ...
