Search Results for: federal Reserve
Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls
January 26th, 2016
Saudi Aramco hasn’t cut investment in oil projects: chairman China’s diesel consumption in December dropped for 4th month Oil dropped after Saudi Arabia, the world’s biggest crude exporter, said low prices won’t reduce its spending on energy projects and China’s ...
Oil rout, Fed-ticipation hurts Asia stocks; China leads losses
January 26th, 2016
Asian equities came under pressure on Tuesday from a renewed selloff in oil overnight, ahead of the Federal Reserve’s monetary policy decision on Thursday. U.S. crude fell below $30 a barrel after sliding as much as 7 percent on ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
Asia rises after cold spell lifts oil, dollar stands tall
January 25th, 2016
Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets. World equities ...
International central bank committees release reports on fixed income markets
January 22nd, 2016
The Committee on the Global Financial System (CGFS) and the Markets Committee today released two reports on the structure and liquidity of fixed income markets. The CGFS report, Fixed income market liquidity, finds signs of greater fragility, with liquidity conditions ...
Pound dives as Bank of England rules out rate rise amid weak UK growth
January 20th, 2016
Currency traders react to Mark Carney’s downbeat assessment by selling pound to $1.42, its weakest since March 2009 The Bank of England governor has sent the pound into a nosedive after he ruled out an early rise in interest rates, saying ...
Societe Generale predicts collapse of the eurozone
January 14th, 2016
Societe Generale seconds RBS doomsday prophecy and predicts collapse of the eurozone Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he ...
Pound Slumps as BOE Rate-Rise Expectations Recede
January 14th, 2016
China-linked market turmoil has made Bank of England rate increase less likely, investors say The British pound tumbled to a more than 5½-year low this week, as concerns about China help push back expectations of a long-anticipated interest-rate increase ...
China doesn’t restrict forex sales to individuals: regulator
January 14th, 2016
The State Administration of Foreign Exchange (SAFE) said Wednesday it does not limit foreign currency sales to individuals, although China faces dropping forex reserves. SAFE denied media reports that Chinese banks put restrictions on foreign currency sales as many ...
Dow Tumbles Nearly 400 Points on China Worries
January 8th, 2016
Dow industrials, S&P 500 are off to their worst-ever starts to the year The Dow Jones Industrial Average fell nearly 400 points Thursday as steep falls in Chinese equities spilled over to global markets. Thursday’s selloff came after the ...
