Search Results for: europe
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 ...
Radical Leftists Win Election In Greece – Future Of Eurozone In Serious Jeopardy
January 26th, 2015
Radical leftists have been catapulted to power in Greece, and that means that the European financial crisis has just entered a dangerous new phase. Syriza, which is actually an acronym for “Coalition of the Radical Left” in Greek, has ...
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,” ...
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 ...
Greece election: Anti-austerity Syriza leader Tsipras vows to end ‘pain’
January 26th, 2015
Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece’s “five years of humiliation and pain” after his general election win. Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece’s massive international bailout. With nearly all of ...
Oil falls after Greek election sends euro tumbling
January 26th, 2015
Oil slid in early Asian trade on Monday, with U.S.crude falling close to a six-year low, after Greece’s election results heightened uncertainty in the euro zone and depressed the bloc’s currency against the dollar. Greece’s left-wing Syriza appeared on course to trounce the ...
Euro Slips With U.S. Futures on Greece as Treasuries Gain
January 26th, 2015
The euro slipped with U.S. equity-index futures, while Treasuries rallied as Greek voters handed victory to a party that’s pledged to renegotiate the terms of an international bailout. Asian stocks dropped with crude oil and industrial metals. The 19-nation ...
Global Accountancy Body welcomes ECB’s Bond – Buying initiative
January 23rd, 2015
ACCA welcomes the launch by the European Central Bank (ECB)‘s of an expanded asset purchase programme, entailing the existing purchase programmes for asset-backed securities and covered bonds. As from March 2015, the Eurosystem will start to purchase euro-denominated investment-grade ...
Statement by IMF Managing Director Christine Lagarde on ECB Decisions
January 23rd, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement regarding today’s decisions of the European Central Bank (ECB): “We welcome the measures announced today that will strongly reinforce the ECB’s accommodative stance. The ...
