Category Archives: Markets
Fed to signal more easing but stop short of big steps
(Reuters) – The Federal Reserve is likely to show on Wednesday that it is ready to act against a weakening economy but stop short of aggressive measures for now. Economists say the central bank could … continue…
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The worlds most effective translation service is now online
The LowCostTranslator the low cost high service initiative from the Swiss The Translator Group is now online in 5 countries including the US. Before end of year 35 local websites will be rolled our providing … continue…
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Spain to request EU bank aid on Saturday
(Reuters) – Spain is expected to request European aid for its ailing banks at the weekend to forestall worsening market turmoil, becoming the fourth and biggest country to seek assistance since the euro zone’s debt … continue…
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China makes surprise interest rate cut
(Reuters) – China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in step along the path of liberalization. … continue…
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Chinese investment into Europe set to boom
(Reuters) – Europe is riding a gathering wave of Chinese direct investment that could bring in $250 billion to $500 billion in fresh capital this decade, generating jobs but giving policymakers headaches in return, a … continue…
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EU, Germany exploring Spanish rescue, no request yet
(Reuters) – Germany and European Union officials are urgently exploring ways to rescue Spain’s debt-stricken banks although Madrid has not yet requested assistance and is resisting being placed under international supervision, European sources said on … continue…
Moody’s cuts ratings of some German banks
(Reuters) – Moody’s Investors Service cut the credit ratings of several German banks on Wednesday, citing increased risk of further shocks emanating from the euro zone debt crisis and their limited loss-absorption capacity. “As a result, the … continue…
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Stage set for Hollande-Merkel showdown at EU summit
(Reuters) – European leaders will try to breathe life into their stricken economies at a summit over dinner on Wednesday, but disagreement over a plan for mutual bond issuance and other measures to alleviate two … continue…
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No change to BOJ’s powerful easing stance
(Reuters) – Bank of Japan Governor Masaaki Shirakawa said on Wednesday that there was absolutely no change to the central bank’s stance of continuing to pursue powerful monetary easing to beat deflation. But Shirakawa said … continue…
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Morgan Stanley cut Facebook estimates just before IPO
(Reuters) – In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing … continue…
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