Search Results for: euro
Gold Heads for Longest Losing Run This Year Before Fed Meeting
January 27th, 2015
Gold fell for a third day to the lowest level in a week before Federal Reserve policy makers gather and as European finance ministers agreed to work with the new Greek prime minister to keep the country in the ...
Greece debt repayment in full is ‘unrealistic’, says Syriza
January 27th, 2015
It is unrealistic to expect Greece to repay its huge debt in full, the chief economics spokesman for the victorious Syriza party has told the BBC. “Nobody believes that the Greek debt is sustainable,” Euclid Tsakalotos said. The far-left ...
OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending
January 26th, 2015
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply. Crude futures pared losses in London and New York. “If you don’t invest in oil and gas, you will see more ...
Exchange Traded Fund Assets under management to exceed $5 trillion by 2020
January 26th, 2015
Professionally managed financial investments globally are predicted to grow at 6% per annum to reach $100 trillion by 2020, according to a new report by PwC. Exchange traded funds (ETFs) will pay a prominent role in this growth, as ...
Second French suspect charged over Luxleaks tax probe
January 26th, 2015
A second French suspect was charged Friday with theft and money-laundering in ongoing investigations into the leaking of secret tax avoidance deals between Luxembourg and multinational companies, a scandal dubbed Luxleaks. The identity of the new suspect was not ...
IMF’s Lagarde rules out special treatment for Greece
January 26th, 2015
Greece must respect the euro zone’s rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Monday. “There are ...
Russian Ruble Falls After Tensions Flare Over Ukraine
January 26th, 2015
The Russian ruble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. At 10:55 the ruble was down 2.4 percent against the dollar at 65.82 and 2.4 percent weaker against the euro at 73.85. President Vladimir Putin blamed “criminal orders” by Ukrainian ...
ECB cannot agree to debt relief for Greece: Coeure
January 26th, 2015
ECB board member Benoit Coeure said in a newspaper interview published on Monday that the European Central Bank would not take part in any debt cut for Greece. “It is not up to the ECB to decide whether Greece needs debt relief,” ...
Swiss Franc’s Leap Lifts Some FX Brokers
January 26th, 2015
Even as some foreign-exchange brokers that focus on serving retail customers were getting hammered by the surprise surge in the Swiss franc earlier this month, other firms that deal mostly with big banks, hedge funds and other large clients ...
Syriza win in Greece set to put markets on edge
January 26th, 2015
In a week where the focus would ordinarily have been on the latest FOMC meeting as well as US and UK GDP numbers, its events in Europe that are at the epicentre of the markets focus once again, and ...
