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World stock markets flat; euro steadies after Syriza win in Greece

Jan 27, 2015 at 00:30 | Source: FirstPost

NEW YORK (Reuters) - The euro steadied after losing ground on Monday, suggesting confidence in the ECB's new money-printing program despite Greek election winner Syriza's pledge to take on international lenders.The victory by the Syriza party spurred...

Greece: Euro recovers after hitting 11-year low on Syriza victory

Jan 26, 2015 at 16:47 | Source: BBC

The euro recovered from an 11-year low against the dollar as investors digested what Syriza's election victory in Greece meant for the eurozone. Europe's main share markets also rose - after initial falls - on hopes that a compromise over G...

Greek elections: What now for the euro?

Jan 26, 2015 at 16:47 | Source: BBC

Anti-austerity party Syriza has won Greece's general election, pledging to renegotiate the enormous bailout with the country's international creditors. The conservative New Democracy party of outgoing Prime Minister Antonis Samaras will for...

Syriza and Independent Greeks agree Greece coalition

Jan 26, 2015 at 16:47 | Source: BBC

The far-left Syriza party, which won Greece's general election on Sunday, has formed an anti-austerity governing coalition with the right-wing party Greek Independents. The coalition will have a comfortable majority in Greece's new parliame...

Greece: After winning elections, radical politician Alexis Tsipras vows to end humiliation and pain

Jan 26, 2015 at 16:13 | Source: FirstPost

Athens, Greece: A radical left-wing party vowing to end Greece's painful austerity program won a historic victory in Sunday's parliamentary elections, setting up a showdown with the country's international creditors that could shake the eurozone.Alex...

Euro hits 11-year low after Syriza victory in Greece

Jan 26, 2015 at 11:27 | Source: BBC

The euro has fallen sharply against the dollar after the anti-austerity Syriza party won the Greek general election. The euro briefly fell as low as $1.1088 - the lowest level against the dollar in more than 11 years. Traders says there is uncertaint...

Greece election: Anti-austerity Syriza wins election

Jan 26, 2015 at 11:27 | Source: BBC

Anti-austerity Syriza party has won Greece's general election, putting the country on a possible collision course with the EU over its massive bailout. With nearly 75% of the votes counted, Syriza is projected to win 149 seats, just two short of...

Global stocks slip as anti-austerity party wins Greek election

Jan 26, 2015 at 09:45 | Source: FirstPost

TOKYO (Reuters) - The euro skidded to an 11-year low and stock prices fell on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with internation...

Greece: Radical left-wing party Syriza wins election, market turmoil feared

Jan 26, 2015 at 09:29 | Source: FirstPost

Athens, Greece: A radical left-wing party vowing to end Greece's painful austerity program won a historic victory in Sunday's parliamentary elections, setting up a showdown with the country's international creditors that could shake the eurozone.Alex...

Ukraine bailout 'sufficient to rebuild credibility'

Jan 25, 2015 at 00:56 | Source: BBC

Ukraine's new finance minister, Natalie Jaresko, has said a proposed bailout package from the International Monetary Fund (IMF) will be sufficient to rebuild credibility . Ms Jaresko is at the World Economic Forum in Davos to drum up internation...

Forex kitty swells to hit a record but still RBI shouldn't use it to fund infra

Jan 24, 2015 at 18:38 | Source: FirstPost

India should thank Narendra Modi and crude oil for its all-time high foreign exchange reserves at $322 billion logged in the last week - the prime minister for creating a positive wave that has drawn higher foreign institutional investments and crude...

ECB liquidity drive to offset Fed tapering impact: BofA-ML

Jan 23, 2015 at 19:35 | Source: FirstPost

Mumbai: Foreign brokerage Bank of America-Merrill Lynch (BofA-ML) today said ECB's over $1 trillion injection will support investor inflows into the country and the Reserve Bank will use the same to recoup forex reserves.The ECB announcement of month...

Ahead of Obama's visit, India may add sovereign guarantee to nuke deal with US

Jan 23, 2015 at 18:51 | Source: FirstPost

London: Seeking to remove the hurdles in operationalising the Indo-US nuclear deal ahead of US President Barack Obama's visit beginning on Sunday, the Indian government may throw in sovereign guarantee to address the concerns of foreign suppliers ove...

Eurozone stimulus will 'reinforce inequality', warns Soros

Jan 23, 2015 at 18:32 | Source: BBC

Billionaire investor George Soros has warned that the aggressive stimulus policy rolled-out by the European Central Bank (ECB) could reinforce inequality in the EU. The ECB committed to injecting at least €1.1 trillion (£834bn) into the ailing eur...

Chinese manufacturing weak for second consecutive month

Jan 23, 2015 at 18:32 | Source: BBC

Activity in China's vast manufacturing sector contracted for the second consecutive month, according to a preliminary survey on Friday. The HSBC/Markit flash purchasing managers' index (PMI) was at 49.8 in January, up from 49.6 in December....

Bond buying: European Central Bank just joined the money printing party

Jan 23, 2015 at 13:40 | Source: FirstPost

In July 2012, Mario Draghi, the president of the European Central Bank, made a very interesting analogy, in which he compared the euro to the bumblebee. As he said on that occasion: The euro is like a bumblebee. This is a mystery of nature because it...

European central bank now set to join the money printing party

Jan 23, 2015 at 11:11 | Source: FirstPost

In July 2012, Mario Draghi, the president of the European Central Bank, made a very interesting analogy, in which he compared the euro to the bumblebee. As he said on that occasion: The euro is like a bumblebee. This is a mystery of nature because it...

The Economist names first woman editor to lead the newsroom

Jan 23, 2015 at 02:30 | Source: FirstPost

REUTERS - The Economist Group on Thursday named Zanny Minton Beddoes as the editor of its eponymous newspaper.Beddoes, 47, is the first woman to serve in the role of the 172 year-old publication and succeeds John Micklethwait, who was named head of B...

ECB unveils massive QE boost for eurozone

Jan 22, 2015 at 22:41 | Source: BBC

The European Central Bank (ECB) says it will inject at least €1.1 trillion into the ailing eurozone economy. The ECB will buy bonds worth €60bn per month until the end of September 2016 and possibly longer, in what is known as quantitative easing...

Peston: Will cheap euros save the eurozone?

Jan 22, 2015 at 22:41 | Source: BBC

So the European Central Bank has embarked on cash creation through quantitative easing some six years after the Bank of England and the US Federal Reserve embarked on what was then regarded as an unconventional monetary policy. And the size of the pr...

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