Search Results for: euro
UK inflation rate falls to zero in February
March 24th, 2015
UK inflation rate fell to 0% in February, the lowest since records began, official figures show. Lower prices for food and computer goods helped to cut the rate from 0.3% in January, official figures show. February’s figure is the lowest ...
Hogan Lovells Advises Optimal Payments Plc on €1.1 Billion Transformational Skrill Acquisition
March 24th, 2015
Hogan Lovells has advised Optimal Payments Plc on the €1.1 billion acquisition of Sentinel Topco Limited and its subsidiaries (Skrill Group) from Sentinel Group Holdings S.A, which is ultimately majority owned by funds managed and advised by CVC Capital ...
BOI: The Monetary Committee keeps the interest rate for April 2015 unchanged at 0.1 percent
March 24th, 2015
Inflation data The Consumer Price Index for February declined by 0.7 percent, while forecasters had projected a decline of 0.6 percent, on average. The decline in electricity prices, which came into effect in February, contributed 0.3 percentage points toward ...
Deutsche Bank presents three ‘What if’ Grexit scenarios
March 24th, 2015
Here’s the three Deutsche Bank scenarios over “Grexit”: -Grexit Scenario 1: No contagion In the first scenario, Grexit occurs but has no contagion occurs – Grexit Scenario 2: Contagion In scenario 2, after a Grexit there would be an increase in volatility ...
Quantitative easing: what is it and what does the ECB want to achieve with it?
March 24th, 2015
The European Central Bank (ECB) started at the beginning of the month with its controversial quantative easing programme, buying government bonds with the goal of lowering interest rates, increasing inflation and kick-starting economic growth. ECB president Mario Draghi meets ...
Greece to present reforms package by Monday: government spokesman
March 24th, 2015
Greece will present its proposed package of reforms to its euro zone partners by next Monday in hopes they will release much needed cash, its government spokesman said on Tuesday. “It will be done at the latest by Monday,” government spokesman told ...
ECB to Continue Buying Debt Until Inflation Stabilizes
March 24th, 2015
Central Bank will purchase large amounts of public and private debt for at least 18 months The European Central Bank will purchase large amounts of public and private debt for at least 18 months and until it is convinced ...
Merkel and Tsipras ease tension but did not find political solution
March 24th, 2015
German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras struck a conciliatory tone after their first bilateral meeting in Berlin on Monday but the Greek leader’s host insisted that she is not in a position to ease Greece’s ...
Asian shares wobble as China PMI weighs
March 24th, 2015
An index of Asian shares wobbled between positive and negative territory on Tuesday after a measure of Chinese factory activity unexpectedly skidded to an 11-month low, pointing up weakness in the economy. The flash HSBC/Markit Purchasing Managers’ Index (PMI) ...
ECB’s Coeure says expects changes to Greek aid programme
March 23rd, 2015
Greece‘s financial aid programme is set to be changed to accommodate its new government, a senior European Central Bank official said on Monday, noting that the bank stood ready to support the country. “There is a clear willingness and ...
