Search Results for: economy
UBS faces ASIC scrutiny over privatisation report
March 23rd, 2015
Investment firm UBS is facing scrutiny from ASIC over an altered report on the NSW government’s electricity privatisation plans. A report, originally titled “Bad for the budget, good for the state” was later reissued with the title “Good for ...
BOJ’s Kuroda: Told PM Abe Japan’s long-term price trend unchanged
March 23rd, 2015
Bank of Japan Governor Haruhiko Kuroda said he told Prime Minister Shinzo Abe on Monday that inflation is slowing due to a decline in oil prices but there is no change in the long-term rising trend for consumer prices as the economy improves. ...
Asian markets up after Wall Street gains
March 23rd, 2015
Asian stock markets rose Monday following Wall Street’s gains amid expectations global central banks will hold off raising interest rates. KEEPING SCORE: The Shanghai Composite Index rose 1.2 percent to 3,659.11 points and Tokyo’s Nikkei 225 gained 1.1 percent ...
China’s Consumption Transition
March 20th, 2015
A standard pattern of long-term economic development is that a country goes through a period of higher savings and investment, along with correspondingly lower consumption levels. After the growth spurt, consumption levels rise again. For illustration, here’s a figure ...
The Role of Securitization in Dealing with the Banking Problems
March 20th, 2015
One of the main problems that our banking sector is facing is obviously the incredibly excessive amount of non-performing loans (NPLs) on our banks’ balance sheets that reached almost 50% (about €28 billion) of their total loan portfolio! A ...
Greece to draft new reform plan within days – EU leaders
March 20th, 2015
EU leaders say Greece has agreed to come up with a new reform plan within days to secure the additional bailout funds required to prevent bankruptcy. The development came after marathon talks between Greek PM Alexis Tsipras, German Chancellor ...
Dollar fights back after fall on Fed; Norwegian crown soars
March 19th, 2015
* Greenback higher vs euro after biggest fall in six years * Norwegian crown soars after rates kept on hold * Fed’s statement far less hawkish than market expected The dollar fought back across the board on Thursday after ...
Norway Signals Reduction After Unexpectedly Holding Rate
March 19th, 2015
Norway’s central bank unexpectedly left interest rates unchanged and signaled another cut to protect the economy against a plunge in oil prices. The krone surged. The overnight deposit rate was kept at 1.25 percent, the Oslo-based bank said. The ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Federal Reserve modifies stance on low interest rates
March 19th, 2015
The US Federal Reserve has modified its stance on interest rates, which have been kept at a record low of 0% since the financial crisis in 2008. It removed the word “patience” from its regular statement. The language was seen as ...
