Search Results for: economy
European Shares Swing Amid Earnings as Euro, Oil Retreat
July 31st, 2014
Europe’s benchmark equity index fluctuated amid mixed earnings, while the euro traded near a nine month low versus the dollar. Banco Espirito Santo SA shares were suspended after it said it will need to raise funds while emerging-market stocks ...
IMF: China should set slower but safer growth
July 31st, 2014
China should set an economic growth target of 6.5-7 percent for 2015 and refrain from stimulus measures unless the economy threatens to slow sharply from that level, the International Monetary Fund said on Thursday. Most of its directors hold ...
Dollar Holds Longest Yen Gains After U.S. GDP
July 31st, 2014
The dollar headed for its biggest monthly gain versus the euro since February last year as signs the U.S. economy is strengthening spurred traders to boost predictions for higher Federal Reserve rates. The U.S. currency has risen versus all ...
Russians worry over the growing sanctions from the West
July 31st, 2014
Russia confronts the biggest sanctions from the West since the Ukrainian crisis erupted and has therefore adopted a nonchalant public stance, with President Vladimir V. Putin emphasizing the importance of self-reliance and a new poll released Tuesday indicating a ...
Argentina’s credit rating follows further cuts
July 31st, 2014
Standard & Poor’s on Wednesday cut its credit rating on Argentina’s foreign-currency sovereign debt to “selective default” even as talks between officials from Latin America’s No. 3 economy and a group of holdout creditors continued in New York. S&P ...
USD/JPY – Dollar Hits Six-Week Highs on Weak Japanese Data
July 30th, 2014
USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front, it’s a busy ...
Euro touches eight-month low, European shares fall
July 30th, 2014
The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing. Investors were also awaiting ...
Germany Objects To Canada-EU FTA
July 30th, 2014
The outcome of negotiations on a free trade agreement (FTA) between the European Union and Canada has been cast into doubt following objections raised by Germany. According to German newspaper Suddeutsche Zeitung, German government officials said that they could ...
China’s local GDP data recovers
July 30th, 2014
China’s regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Of the 30 regions and provinces that ...
Pound is bullish as Shine Comes Off
July 30th, 2014
The shine is starting to come off the U.K. pound, which has given up its reign as the most popular bullish bet for 2014 among the Group of 10 currencies. Hedge funds and other large speculators cut their net ...
