Search Results for: economy
Top stories of the day
May 13th, 2015
1. The European Central Bank raised the emergency liquidity assistance (ELA) ceiling for Greek banks by 1.1 billion euros on Tuesday, in the wake of Monday’s Eurogroup meeting that recorded some progress in the talks between the government and its ...
EBA explores digital interfaces and crypto-technologies
May 13th, 2015
The Euro Banking Association (EBA) has published two ‘hot topic’ reports on Digital Customer Service Interfaces (DCSI) and crypto-technologies at its EBA day payments conference today in Amsterdam, the Netherlands, with the intention of detailing the electronic payments landscape ...
Chinese Industrial Data Suggests Sluggish Stimulus Response
May 13th, 2015
China’s industrial output growth ticked higher in April while investment slowed to the weakest pace in more than 14 years, suggesting monetary easing is trickling through the economy while more may be needed to spur a pick-up. Industrial output ...
Asia shares rise before China data, more stimulus seen
May 13th, 2015
Asian shares firmed on Wednesday, shrugging off weakness on Wall Street as investors bet that a batch of economic data from China due later in the day would bolster the case for more stimulus in the world’s second-largest economy. ...
Putin’s Next Takeover Target Is Oil Giant’s $34 Billion Cash Pile
May 12th, 2015
In Russia, even private companies serve at the pleasure of the president, particularly if they pump oil. A decade ago, Vladimir Putin’s allies had Mikhail Khodorkovsky jailed and seized his Yukos Oil Co. Last year, they forced billionaire Vladimir ...
GCC pushes on towards introduction of regional VAT
May 12th, 2015
GCC officials agreed at the weekend to keep working towards the introduction of a value-added tax (VAT) around the region, in a sign that low oil prices may be strengthening support for the idea. A meeting in Doha of ...
BoI warns Israeli banks to keep sanctions on Russia
May 11th, 2015
Israeli banks are being required to verify that sanctions are being observed. The Bank of Israel has ordered Israeli banks to establish a policy and rules for working with companies and banks in Russia, following the sanctions imposed on ...
Hungary To Lower Bank Tax
May 11th, 2015
The Hungarian Government is to submit a legislative amendment to Parliament for its approval that would lower the bank tax. The amendment was drafted based on discussions between Hungary and the European Bank of Reconstruction and Development (EBRD) in ...
China’s central bank is just getting started
May 11th, 2015
China’s central bank is just getting started with its efforts to shore up the country’s struggling economy. The People’s Bank of China announced new interest rate cuts over the weekend, the third such action since November. The central bank’s benchmark one-year ...
Euro slips on Greek woes, rate cut speculation hits kiwi
May 11th, 2015
Euro on defensive as nerves take hold before Eurogroup meeting Dollar/yen steady after jobs data fails to provide spark Kiwi slides to near two-month low on RBNZ rate cut speculation Pound stands tall after election, BOE, fundamentals eyed again ...
