Central Banks at Zero Failing to Turbocharge Effect of Cheap Oil
April 9th, 2015
Central bankers unable to cut interest rates are failing to turbocharge the effect of declining oil prices. Economists at Oxford Economics Ltd., a U.K.-based research group, say policy makers may be damping hopes that last year’s near-halving of crude ...
Greece has six working days to present new reform proposals
April 9th, 2015
The Euro Working Group (EWG) of eurozone technical staff gave Greece on Wednesday night an ultimatum of six working days to present its proposals with a regard to a string of reforms that could unlock financial aid to the ...
Greece’s €459m debt payment to IMF due on Thursday
April 9th, 2015
Eurozone country is close to running out of cash and the ECB, the EU and the IMF have frozen further aid until they reach an agreement with its left-wing government Greece is due to make a €459m (£332m) loan repayment ...
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 ...
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 ...
Bitwage launches first international Bitcoin payroll debit card
April 7th, 2015
Bitwage, a California-based Bitcoin payroll firm, has released the first international Bitcoin payroll debit card. With the release of this card, employees and contractors using the Bitwage system can withdraw and spend US dollars, Euros, and British Pounds directly from ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Andreas Theophanous
April 7th, 2015
Professor Andreas Theophanous was born in Cyprus on February 14, 1960. In 1980, he went to the USA on a Fulbright scholarship. He received his BA degree in Economics and Political Science (with distinction, baccalaureate) from Susquehanna University in ...
Wall Street to open lower in wake of weak jobs data
April 6th, 2015
U.S. stock index futures fell in low volume on Monday, putting Wall Street on track for a lower open on the first trading session since Friday’s surprisingly weak jobs data. * Labor Department data showed U.S. employers last month ...
