-
Euro declines to 9-month low against dollar
Filed under NewsFeb 13NEW YORK: The euro fell to a nearly nine-month low against the dollar on Friday as questions remained about a rescue deal for debt-stricken Greece and China unexpectedly raised bank reserve levels.
The euro headed for its fifth weekly drop versus the safe-haven greenback as a lack of details in Thursday’s pledge by the European Union to help Athens kept alive fears of a wider euro zone debt crisis.
That sparked a widening in peripheral euro zone government bond yield spreads against German benchmarks and broader concerns trouble in the currency bloc could hurt global economic recovery.
Tagged as: Asia;, Athens, AUD, bank reserves, bank;, China;, CRB, Dow 30, Energy Information Administration, Europe;, European Union;, franc, FTSEurofirst 300, Greece, Japan, Jefferies, lifted bank reserve requirements, NASDAQ composite, New York;, New Zealand;, oil stocks, raised bank reserve levels, Reuters;, Standard & Poor, Swiss National Bank, United States;, USD; -
Jan 11
BUENOS AIRES – The Argentine government appealed Saturday a court ruling to reinstate the central bank chief a day after President Cristina Kirchner ordered him removed in a brewing crisis over external debt payments.
Federal Judge Maria Jose Sarmiento temporarily suspended the government decree allowing the use of central bank reserves to pay down the national debt and called for central bank boss Martin Redrado to be reinstated. Sarmiento, who denounced the presence of a police vehicle outside his home as “abnormal” pressure, refused to hear the appeals over the weekend, saying he has no jurisdiction outside of his office.
Tagged as: Americas, Anibal Fernandez, Argentina, Argentine government, bank reserves, bank;, cabinet chief, central bank chief, central bank;, Congress;, Cristina Kirchner, current president, federal judge, head, J.P. Morgan, Julio Cobos, Kirchners administration, Maria Jose Sarmiento, Martin Redrado, Miguel Pesce, Nestor Kirchner, opposition leader, President, Senate;, Supreme Court, USD;, vice president -
Brown Sarkozy urge tax on bonuses
Filed under NewsDec 11LONDON: Britain and France urged world leaders Thursday to impose a tax on bankers bonuses, a day after London announced a one-off levy on the much-criticized finance sector benefits.
Seeking to show a united front days after a public Anglo-French spat over financial regulation, Prime Minister Gordon Brown and President Nicolas Sarkozy said there was an urgent need for a new agreement between banks and society.
We propose a long term global compact that will encapsulate both the responsibilities of the banking system and the risk they pose to the economy as a whole, they wrote in the Wall Street Journal newspaper.
Tagged as: Agriculture Minister, aide, bank bonuses, Bank of England, bank reserves, Britain;, Britains Finance Minister, Britains government, Brussels, central bank reserves, central bank;, Commission of European Communities, Commissioner, EUR, finance sector benefits, finance;, financial services;, France;, Frances Les Echos, GBP;, Germany;, Gordon Brown;, Japan, Labour Party, LONDON;, Londons City, Michel Barnier, Minister, Nicolas Sarkozy;, official bank rate, Paris;, President, Prime Minister, The Wall Street Journal, Tony Blair;, United States;, USD;, Wall Street Journal -
BoE ECB freeze key rates
Filed under NewsOct 9LONDON – The Bank of England froze its key interest rate at a record low level on Thursday and held to credit-easing plans while waiting to see if the economy builds on signs of recovery from recession.
“The Bank of Englands Monetary Policy Committee (MPC) today voted to maintain the official bank rate paid on commercial bank reserves at 0.5 percent,” the BoE said in a statement.
Translator
Recent Comments