Search Results for: central banks
Asia rises after cold spell lifts oil, dollar stands tall
January 25th, 2016
Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets. World equities ...
Out of the mouths of babes…
January 22nd, 2016
Parents will tell you the most difficult questions to answer sometimes come from their children. Here are some apparently innocent questions to ask of economists, journalists, financial commentators and central bankers, which are designed to expose the contradictions in ...
Pound dives as Bank of England rules out rate rise amid weak UK growth
January 20th, 2016
Currency traders react to Mark Carney’s downbeat assessment by selling pound to $1.42, its weakest since March 2009 The Bank of England governor has sent the pound into a nosedive after he ruled out an early rise in interest rates, saying ...
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
Is Bitcoin Breaking Up?
January 18th, 2016
Rift widening over how to deal with the size limits within the virtual currency’s ledger of transactions A prominent bitcoin developer has labeled the currency a failed experiment, widening the rift over an arcane but critical technical issue that ...
China Said to Put Reserve Rule on Offshore Bank Yuan Funds
January 18th, 2016
Officials extending effort to counter speculation against yuan Premier Li underscores `no basis’ for continued yuan slide China is stepping up efforts to counter speculative bets against the nation’s currency, through imposing reserve requirements on yuan deposits held on ...
Austrians get (some) mainstream credibility
January 15th, 2016
Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain’s Adam Smith Institute publishes a paper by Anthony Evans that ...
ECB policymakers divided over China risks
January 15th, 2016
Policymakers at the European Central Bank disagreed at their last meeting over how big a threat turmoil in China and other emerging markets pose to Europe’s modest economic recovery. The result of the Dec. 3 debate, for which a ...
Societe Generale predicts collapse of the eurozone
January 14th, 2016
Societe Generale seconds RBS doomsday prophecy and predicts collapse of the eurozone Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he ...
Pound Slumps as BOE Rate-Rise Expectations Recede
January 14th, 2016
China-linked market turmoil has made Bank of England rate increase less likely, investors say The British pound tumbled to a more than 5½-year low this week, as concerns about China help push back expectations of a long-anticipated interest-rate increase ...
