Search Results for: eurozone
What to Watch at the ECB’s Meeting
September 8th, 2016
As Mario Draghi prepares to face the cameras on Thursday, analysts have rarely been so divided over what to expect from the European Central Bank president. In July, ECB officials signaled that they were ready to unleash fresh stimulus to support the eurozone’s ...
FX Focus: Pound gains as it threatens to break €1.18 for first time in three weeks
August 31st, 2016
The pound edged higher against both the euro and the dollar on Wednesday (31 August), coming close to breaking the €1.18 barrier for the first time in three weeks. By mid-afternoon, sterling was trading up 0.08% against the dollar ...
Fed’s Dislike of Negative Interest Rates Points to Limits of Stimulus Measures
August 29th, 2016
Federal Reserve officials are content to watch others’ experience of negative rates from a distance Federal Reserve officials are turning a cold shoulder to a controversial idea being tried in Japan and much of Europe to boost anemic economies: ...
Dollar dips vs yen, kiwi lifted by RBNZ’s rate view
August 23rd, 2016
The dollar dipped against the yen on Tuesday, while the New Zealand dollar rose after the nation’s central bank chief said he did not see the need for a rapid succession of interest rate cuts. The dollar shed 0.1 ...
Euronext to acquire a 20% stake in EuroCCP
August 18th, 2016
Euronext today announced it has signed a definitive agreement to acquire a 20% stake in EuroCCP, the leading CCP for pan-European equity markets, providing clearing and settlement services, for an amount of circa €14m . This follows the announcement ...
‘Euro was flawed at birth and destined to collapse’ – Nobel economist
August 10th, 2016
The decision to create a single currency without the institutions which would make it work was “fatal” for the eurozone, said Nobel-Prize winning economist Joseph Stiglitz, adding that the “eurozone must ditch it now to survive.” In his book ...
Greek consumer prices in July for second month in a row
August 8th, 2016
Greece’s annual EU-harmonized inflation rate stayed positive for the second month in a row in July, statistics service data showed on Monday. The reading in July was 0.2 percent, unchanged from June and slightly below market expectations. Economists polled ...
Magic Circle Law firms pick up spots on new EU banking panel
August 5th, 2016
Magic Circle firms Clifford Chance and Linklaters have been joined by Hogan Lovells and PwC on a new panel created by the new EU authority responsible for winding up banks. The EU’s Single Resolution Board (SRB) tendered for legal advisers earlier this year, ...
Bank of Israel reports Monetary Policy for the six Months 0f 2016
August 3rd, 2016
Monetary policy: During the first half of 2016, the Monetary Committee decided to leave the interest rate at a level of 0.1 percent. For both July and August, which belong to the second half of 2016, the Monetary Committee also ...
Most European Banks Survive Stress Test
August 1st, 2016
European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle to ride out a hypothetical severe economic downturn. The European ...
