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ECB begins buying asset-backed securities

ECB begins buying asset-backed securities

Fri, 21 November 2014

The European Central Bank (ECB) has started buying asset-backed securities in an attempt to encourage banks to lend and boost the stagnant economy. "Following publication of legal act on the implement... [more]

Support is shaky as Japan PM calls for snap election on 'Abenomics'

Support is shaky as Japan PM calls for snap election on 'Abenomics'

Fri, 21 November 2014

Prime Minister Shinzo Abe dissolved parliament's lower house on Friday ahead of a snap election on December 14. Two years after returning to power, Abe promised that "Japan is back" and now seeks a fr... [more]

China cuts interest rates to boost economic growth

China cuts interest rates to boost economic growth

Fri, 21 November 2014

China has slashed its costs of borrowing for the first time since July 2012 on Friday, in a bid to kick-start its flagging economy. The country's central bank reduced its one-year benchmark lending ra... [more]

Citigroup to be ousted from ECB FX Group

Citigroup to be ousted from ECB FX Group

Fri, 21 November 2014

Citigroup was expelled from the foreign-exchange market liaison group of the European Central Bank (ECB) after the bank was fined for rigging currency exchange rates. Citigroup was ejected from the pa... [more]

Sterling to surge to 15-year high against Euro by 2017, says Goldman Sachs

Sterling to surge to 15-year high against Euro by 2017, says Goldman Sachs

Thu, 20 November 2014

Sterling will climb relentlessly against the euro over the next three years, reaching levels last seen over a decade ago, researchers at Goldman Sachs believe. According to the bank's new forecasts, t... [more]

China's manufacturing sector cooled more quickly than expected in November

Thu, 20 November 2014

China's manufacturing sector cooled more quickly than expected in November, with economists divided on the likelihood, or even the need, for further monetary easing from Beijing. The preliminary readi... [more]

Existing home sales in the US rise unexpectedly in October

Thu, 20 November 2014

US sales of existing homes rose unexpectedly in October, increasing 1.5% to a seasonally adjusted annual rate of 5.26m, the highest level since September 2013. Commenting on the data, Lawrence Yun, th... [more]

US Philly Fed index rockets higher in November

Thu, 20 November 2014

The Federal Reserve bank of Philadelphia's manufacturing sector gauge for the month of November shot higher to a reading of 40.8 for November, its highest level since March 2011. The consensus estimat... [more]

US consumer prices were flat in October

Thu, 20 November 2014

US consumer prices were flat month-on-month and rose by 1.7% year-on-year, according to the Bureau of Labor Statistics (BLS). The consensus estimate had been for the CPI to slip by 0.1% over the month... [more]

ECB under pressure to boost economy after PMI data

Thu, 20 November 2014

As the pace of economic growth in the euro area hit a 16-month low in November, analysts warned that the pressure is on the European Central Bank (ECB) to take more action. November's composite purcha... [more]

Chinese interbank lending rates spike on demand for liquidity

Thu, 20 November 2014

Lending rates in China spiked on Thursday as demand for liquidity was boosted ahead of a raft of upcoming initial public offering (IPOs) next week, a day after Beijing announced new measures to loosen... [more]

German manufacturing activity drops in November, Markit reveals

Thu, 20 November 2014

German manufacturing activity declined unexpectedly in November, a report showed on Thursday. Markit's purchasing managers' index (PMI) fell to 52.1 this month from 54.4 the previous month, compared t... [more]

OPEC may be slow, but it's not irrational, they will cut, Morgan Stanley says

Wed, 19 November 2014

The Organisation of Petroleum Exporting Countries (OPEC) is now more likely to reduce its output when it next meets on 27 November Morgan Stanley wrote in a research note that begins by setting out ho... [more]

Deutsche Bank CEO forecasts 10% growth in Asia-Pacific revenue

Wed, 19 November 2014

Co-chief executive officer for Deutsche Bank's Asia-Pacifc region, Gunit Chadha, outlined expectations for a 10% increase in revenue over the next three to five years. During a television interview, C... [more]

BoJ keeps policy unchanged, while analysts critical of policy mix

Wed, 19 November 2014

At its monetary policy ended on 19 November the board of the Bank of Japan decided to keep its annual target for growth in the economy's monetary base at 80trn yen. On this occasion however there was ... [more]

Russia seeks guarantees that Ukraine will not join Nato

Wed, 19 November 2014

Russian powers have reportedly sought guarantees from Nato that Ukraine will not become one of its members. The chief spokesperson for Russian President Vladimir Putin said the response to the recen... [more]

Moscow and Beijing seek to strengthen military alliance

Wed, 19 November 2014

During a visit to Beijing last week, Chinese-Russian relations were announced to have "never been stronger" with both countries driven closer following increasing estrangement from western powers. Chi... [more]

Draghi must weaken euro to revive Eurozone economy, says King

Tue, 18 November 2014

The European Central Bank (ECB) president, Mario Draghi, should weaken the euro in order to boost economies in France and Italy, according to former Bank of England (BoE) Governor Mervyn King. King ad... [more]

US home-builder confidence reaches nine-year high in November

Tue, 18 November 2014

US home-builder confidence jumped in November to reach a nine-year high. The National Association of Home Builders/Wells Fargo builder sentiment jumped to 58 this month, in line with the second-highes... [more]

US producer prices unexpectedly gained in October

Tue, 18 November 2014

US producer prices advanced by 0.2% month-on-month in October, according to the Bureau of Labor Statistics (BLS). The consensus estimate had been for a decline of 0.1% over the month and an annual a... [more]

European car sales see 14th consecutive month of growth

Tue, 18 November 2014

European car sales look set for their first full year of growth since the financial crisis hit, data from the European Automobile Manufacturers Association (ACEA) has shown. The figures revealed an in... [more]

Japan Prime Minister Abe announces snap election

Tue, 18 November 2014

Japanese prime minister Shinzo Abe has called a snap election and will dissolve parliament on Friday, with a general election expected to be held on 14 December. At a press conference on Tuesday, hast... [more]

German economic sentiment rises more than forecast

Tue, 18 November 2014

German economic sentiment rose more than forecast in November, in a positive sign for the euro-area amid a weak economy and low inflation. ZEW's confidence index jumped to 11.5 from -3.6 in October,... [more]

Qatar royal family set to invest in HS2, reports claim

Tue, 18 November 2014

The royal family of Qatar has said it wants to invest in the new high-speed rail line, according to reports. Qatar's emir, Sheikh Hamad bin Khalifa Al Thani, told David Cameron during his visit to the... [more]

BoE's Weale says Eurozone "not as gloomy as some people had feared"

Tue, 18 November 2014

Bank of England policymaker, Martin Weale, insisted that the Eurozone's 0.2% third quarter growth was "not as gloomy as some people had feared". In an interview with TheBusinessDesk.com on Monday, Wea... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Anglo American 1,380.00 6.69 17:07
Rio Tinto 3,042.00 6.18 17:13
Tullow Oil 505.00 5.80 17:02
Fresnillo 763.50 5.31 16:46
BHP Billiton 1,662.00 5.02 17:09

FTSE 100 Top Fallers

Name Last Chg.% Time
Imperial Tobacco Group 2,885.00 -1.33 17:11
TUI Travel 423.40 -0.87 17:00
Carnival 2,617.00 -0.80 17:08
easyJet 1,553.00 -0.77 17:07
Royal Bank of Scotland Group 377.70 -0.76 17:08