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Business - Page 268

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MARKETS: Carney prevents Sterling rally from continuing further

By Jameel Ahmad, Chief Market Analyst at FXTM Prior to Bank of England (BoE) Governor Mark Carney disappointing the Sterling bulls, the GBPUSD managed to record a further 2015 high at 1.5746

13th May 2015
Business

MARKETS: Greece falls back into recession

By Jameel Ahmad, Chief Market Analyst at FXTM While all attention on Greece has been focused on the prolonged negotiations with creditors, the economic data has taken a step backwards in 2015

13th May 2015
Business

MARKETS: Indices recover, US at risk with upcoming retail sales

By Jameel Ahmad, Chief Market Analyst at FXTM Global markets are looking slightly more upbeat on Wednesday and seem to be attempting a recovery from the previous day’s aggressive sell-off in bonds.

13th May 2015
Business

TURKEY: Lira depreciation affects domestic banks’ credit profiles

The Turkish Lira's steep decline in recent months will likely imply worsening asset quality and growth in risk-weighted assets (RWAs) that will become pressure points for Turkish financial institutions, Moody's Investors Service

13th May 2015
Business

OIL: Prices to stay below $100 for next decade – WSJ

Oil prices will remain below the psychologically important $100-a-barrel mark until at least 2025, according to a draft report by the Organisation of Petroleum Exporting Countries (OPEC), seen by The Wall Street

13th May 2015
Business

IFO: World economic climate continues to brighten

The Ifo Index for the world economy rose to 99.5 points from 95.9 points last quarter. Both assessments of the current economic situation and the economic outlook improved, according to the Ifo

13th May 2015
Business

MARKETS: Indices more upbeat, Greece remains constant threat

By Jameel Ahmad, Chief Market Analyst at FXTM INDICES AND PBOC After being vulnerable to losses throughout last week as investors appeared to toy with the idea of closing positions, global indices

11th May 2015
Business

UK: Tories’ election win won’t affect rating; ‘Brexit’ in focus

The Conservatives' surprise UK election victory will have no direct impact on the country's sovereign credit rating and the party is committed to further fiscal consolidation, Moody's Investors Service said in a

11th May 2015
Business

TECHNOLOGY: Logicom joins GTDC in ringing NYSE opening bell

Logicom, a leading regional distributor of technology solutions and services listed on the Main Market of the Cyprus Stock Exchange, joined senior executives from the Global Technology Distribution Council (GTDC) to ring

11th May 2015
Business

MARKETS: USD pressures trading partners after NFP

By Jameel Ahmad, Chief Market Analyst at FXTM The USD is currently pressuring its trading partners following the announcement that the United States added 223,000 jobs to its economy during April. The

8th May 2015
Business
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