Economy & Finance

Highlights: Bank of England rate setters speak in parliament

Highlights: Bank of England rate setters speak in parliament

Published 17/10/2017

Members of the Bank of England interest rate setting committee were speaking in parliament on Tuesday. They also supplied statements to the Treasury Committee. Below are some of their comments: [more…]

Bank of England`s Ramsden says in no hurry to raise interest rates

Bank of England`s Ramsden says in no hurry to raise interest rates

Published 17/10/2017

New Bank of England Deputy Governor Dave Ramsden said on Tuesday he was in no hurry to vote for an interest rate hike because he saw little sign of inflation pressure building in Britain's labor market. [more…]

Accelerating inflation points to likely ECB monetary policy change: ZEW

Accelerating inflation points to likely ECB monetary policy change: ZEW

Published 17/10/2017

Accelerating inflation bodes well for the German economy and makes it more probable that the European Central Bank will alter its ultra-loose monetary policy, the ZEW research institute said on Tuesday. [more…]

Greek economy in recession in 2016: statistics agency

Greek economy in recession in 2016: statistics agency

Published 17/10/2017

Greece's economy contracted by 0.2 percent last year, the head of statistics service ELSTAT said on Tuesday, releasing its second estimate of full-year 2016 gross domestic product. [more…]

Global stocks stay buoyant as dollar, bond yields rise

Global stocks stay buoyant as dollar, bond yields rise

Published 17/10/2017

World equity markets held close to all-time highs on Tuesday, as investors latched on to rising bets on higher borrowing costs in the U.S. and Britain. [more…]

With Spain gripped by Catalonia crisis, VW`s Seat delays naming new model

With Spain gripped by Catalonia crisis, VW`s Seat delays naming new model

Published 17/10/2017

With the Spanish media focused on the political crisis over Catalonia, Volkswagen's (VOWG_p.DE) Spanish division Seat has decided to delay announcing the name of its forthcoming model. [more…]

Exclusive: India likely to stick to deficit target, may step up bank reform – Modi adviser

Exclusive: India likely to stick to deficit target, may step up bank reform – Modi adviser

Published 17/10/2017

India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalize banks, an adviser to the prime minister said on Tuesday. [more…]

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Saudi Aramco asks FTI Consulting to halt IPO investor relations work: sources

Published 17/10/2017

State-owned Saudi Aramco has asked FTI Consulting (FCN.N) to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters. [more…]

ECB`s Constancio says time to take bubble-bursting `more seriously`

ECB`s Constancio says time to take bubble-bursting `more seriously`

Published 17/10/2017

It is time that authorities in Europe and the other rich parts of the world take the fight against financial bubbles "more seriously" or risk facing another financial crisis, the vice-president of the European Central Bank said on Tuesday. [more…]