10 Updates

Discouraging news

Source: Economist, Nov 8 2012, 3:37pm CST

MARIO DRAGHI, the head of the European Central Bank (ECB), appears to be winning his bluff with the markets since he declared that he would do “whatever it takes” to save the euro. Bond yields in Spain and Italy have fallen si ...

Continue reading on: Economist

 
 
Update
10

16 hours ago

Economists warn against German euro exit

Source: The Local  |   May 18 2013, 4:34am CDT

“A German exit would be an economic and political catastrophe of the first degree, warned Holger Schmieding, the chief economist of the Berenberg Bank. “Even a believable rumour that Germany would exit the euro would result in a massive ca ...

Continue reading on: The Local  More like this

 
Update
9

19 hours ago

Dollar Posts Second 1.5% Weekly Rally in 17 Months, QE3 In Focus

Source: DailyFX  |   May 18 2013, 1:31am CDT

Euro Resiliency to be Tested by the Markets Japanese Yen: What to Expect from the BoJ Next Week Australian Dollar Selling Pressure Overdone Without Risk Aversion British Pound: Inflation Figures and BoE Leadership Key to UK ...

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Update
8

27 weeks ago


Quote:
"Given that the Bundesbank has only one vote at the ECB, one might argue that it has actually exerted undue influence in these matters"


Source: Economist

 

Latest Business News

 
Update
7

20 hours ago

EUR/USD Rebound Could Materialize as May PMIs Seek Lift

Source: DailyFX  |   May 18 2013, 12:00am CDT

The Euro was the second best performing major currency this past week, though it still managed to shed -1.17% to the US Dollar, with the EURUSD finishing the week at $1.2839. Mainly, the Euro’s strength was most prevalent a ...

Continue reading on: DailyFX  More like this

 
Update
6

21 hours ago

NTMA unsure of future help from ECB when Ireland exits bailout

Source: Irish Independent  |   May 17 2013, 11:01pm CDT

The Government's debt agency said it still does not know what is needed to ensure the country gets financial support in the bond markets from the European Central Bank (ECB) at the end of the bailout. That's despite Michael Noonan giving his strong ...

Continue reading on: Irish Independent  More like this

 
Update
5

23 hours ago

IMF sees Cyprus growth in 2015, warns of pitfalls

Source: Middle East North Africa Financial Network  |   May 17 2013, 9:23pm CDT

(MENAFN - AFP) Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday, but will need to ensure that its sweeping austerity programme does not slip off the tracks. ...

Continue reading on: Middle East North Africa Financial Network  More like this

 
Update
4

23 hours ago

ECB to help businesses, says top central banker

Source: Middle East North Africa Financial Network  |   May 17 2013, 9:23pm CDT

(MENAFN - AFP) The European Central Bank is exploring ways to directly help small and medium-sized companies as a way to boost the recession-hit eurozone economy directly, said Benoit Coeure, a member of the bank's e ...

Continue reading on: Middle East North Africa Financial Network  More like this

 
Update
3

1 day ago

Possibility of Spanish downgrade looms over euro zone

Source: Reuters Blogs  |   May 17 2013, 3:32pm CDT

Spanish government bonds have had a good run since the European Central Bank said it would protect the euro last year. But some analysts say the threat of a rating downgrade to junk remains an important risk. Credit default swa ...

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Update
2

1 day ago

ECB to keep policy loose for as long as is needed

Source: China Post  |   May 17 2013, 2:33pm CDT

ORLEANS, France -- The European Central Bank will keep its loose and growth-supportive monetary policy stance in place for “quite a long time,” ECB executive board members said on Friday. With the euro zone economy stuck ...

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Update
1

1 day ago

US Dollar Ends Another 9 Year Down Cycle

Source: The Market Oracle  |   May 17 2013, 1:55pm CDT

Recent rallies in Non-USD currencies resulting from poor US data have not lasted long. And those rallies resulting from strong US figures via the indirect effect of rallying equities (risk-on) have not lasted either. Broaden ...

Continue reading on: The Market Oracle  More like this

 
 
 
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