says Citi The ECB increased, as widely expected, the official rates by 25 BP after Thursday’s meeting. As a result, the upcoming weekly refi operations, settled on July 9, will be conducted at a minimum bid rate of 4.25%. The post-meeting statement was less hawkish than Citi analysts expected. The statement did not repeat that
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Conference in Barcelona Fund managers meeting in Barcelona this week are facing up to a bleak outlook as markets stay volatile and inflows dry up, but one or two are seeing some opportunities as asset prices tumble. "It's not a happy time," James Suglia, chairman of KPMG's global alternatives advisory committee, told Reuters. "The mood
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says Goldman Goldman Sachs said the European banks sector needs to raise about 60 bln to 90 bln euros, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9% — a level achieved by European banks that have recapitalized recently. The bearish comment by the Goldman analysts weighed on European
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Asian stocks rose on Monday, snapping a six-day losing streak on optimism that China's banking sector has thrived despite market turmoil and bargain-hunting investors picked over battered shares. However, fears that stagflation would hit company earnings and continue to depress consumer spending kept enthusiasm under wraps as European, Asian and U.S. equity markets all lingered
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The dollar rose against the euro and the yen on Monday after last week's job data suggested the U.S. economy was not as sickly as some thought, with investors now turning to comments from Federal Reserve officials this week. Trading was subdued before U.S. financial markets reopened later on Monday after a holiday on Friday.
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The United Arab Emirates has cancelled almost $7 billion of debt including interest and arrears payments owed by Baghdad, becoming the first Gulf Arab country to forgive all of Iraq's debt. The United States has pressed Arab governments to support Iraq's recovery by joining Western nations in forgiving their share of Iraqi foreign debts that
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Goldman Sachs said the European banks sector needs to raise about 60 bln to 90 bln euros, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9% — a level achieved by European banks that have recapitalized recently. The bearish comment by the Goldman analysts weighed on European stocks, with
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Cyprus's parliament on Thursday ratified the European Union's reform treaty despite opposition from the ruling communists, who had dismissed it as pandering to big-business at the expense of ordinary people. The Lisbon Treaty, designed to streamline the 27-member bloc's institutions after the accession of central and eastern European countries in 2004, was rejected by Irish
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European Commission has decided to award 122 scholarships to undergraduate Turkish Cypriot students, recent graduates and Turkish Cypriot teachers within the framework of the EU scholarship Programme. The grantees will start their programmes in September 2008 and will spend a maximum of one year in another member state of the European Union. The aim of
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The Board of Directors of SFS Group Public Company Limited decided to announce its decision to submit a public offer for the acquisition of up to 100% of the issued share capital of White Knight Holdings Public Company Ltd (WKH) in cash. The total issued share capital of WKH stands at 216,686,667 shares of nominal
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