Search Results for: economy
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. ...
Russian Central Bank plans to move away from international ratings to Russian ones
April 8th, 2015
The Central Bank of Russia is going to gradually move away from international ratings to Russian ones, Chairperson Elvira Nabiullina at the Russian Bank Association conference. “We are thinking about gradually moving away from international ratings and developing our ...
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 ...
Bank of Japan: Statement on Monetary Policy
April 8th, 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 of Japan ...
Alexis Tsipras flies to Moscow amid speculation of bailout from Putin
April 8th, 2015
Greek prime minister to sign accords with Russia, including gas price discount and possible loans in return for Greek assets, that would alarm EU creditors The Greek prime minister Alexis Tsipras, began a controversial visit to Moscow on Tuesday as ...
Japanese shares near a 15-year high
April 8th, 2015
Japan’s shares neared a 15-year high on Wednesday after the Bank of Japan (BOJ) maintained its asset purchase program in an effort to boost the economy. In Tokyo, benchmark Nikkei 225 index was up 0.4% at 19,723.42. The central bank has ...
