News By Region
Friday, July 3, 2015 - 09:16 Schaeuble: Would Take Time To Agree On New Greek Deal -Press 0
By Johanna Treeck
FRANKFURT (MNI) - German Finance Minister Wolfgang Schaeuble in an interview with Germany's Bild Zeitung released Friday said that any new bailout programme for Greece will be subject to difficult negations that would take some time.
"The proposal that the Greek government put to vote is no longer on the table," Schaeuble reminded. "We will have to see how the government in Athens will react to results and consequences this will have.
Friday, July 3, 2015 - 08:09 TEXT: EFSF Board Reserves Rights To Act Upon Greece's Default 0
The following is the full text of a release, published Friday by the European Financial Stability Facility in Luxembourg, outlining the latest details with respect to Greece's recent default.
The Board of Directors of the European Financial Stability Facility (EFSF) decided today to opt for a Reservation of Rights on EFSF loans to Greece, after the non-payment of Greece to the International Monetary Fund (IMF).
Friday, July 3, 2015 - 07:19 Canada: Economic Data Calendar 0
All release dates are subject to change
Data Date ET Thru Release Prior Release
06-Jul 1000 Jun Ivey PMI (SA) 62.3 07-Jul 0830 May Intl merchandise trade -C$3.0b 08-Jul 0830 May Building permits +11.6% 09-Jul 0815 Jun CMHC Housing starts 201,705 SAAR 09-Jul 0830 May New Housing Price Index +0.1% m/m; +1.1% y/y 10-Jul 0830 Jun Employment +58.9k 10-Jul 0830 Jun...
Friday, July 3, 2015 - 04:47 BOE Talk: Recent Comments By BOE Policymakers 0
LONDON (MNI) - The following are comments by Bank of England Monetary Policy Committee members in recent weeks:
BOE Deputy Governor BEN BROADBENT in interview with Sky News, February 16:
"The MPC still believes that the next move in interest rates is likely to be up."
Broadbent noted, however, that the MPC could cut rates to nearer zero if necessary:
"We took the opportunity to say the effective lower bound (for rates) is somewhat lower than we thought it was three to four years ago,"
BOE MPC member MARTIN WEALE in the Observer newspaper, February 15:
"Our recent forecast showed inflation rising above target by mid-2017. We expect that, in order to manage this, Bank rate will...
Friday, July 3, 2015 - 04:46 UK PMIs Hint Services Drove Stronger Growth In Q2 - CIPS 0
- UK Services PMI at 58.5, Composite PMI 57.4 - CIPS/Markit: PMIs Point To Q2 Growth +0.5% q/q vs 0.4% q/q
LONDON (MNI) - UK growth strengthened in Q2, PMI data suggest, with the dominant services sector driving increases in output.
The CIPS/Markit composite PMI rose to 57.4 in June, up from 55.8 in May with the survey compilers saying that points to growth of 0.5% in Q2, up from the 0.4% official outturn for Q1.
The services PMI at 58.5 pointed to marked and accelerated growth in June, CIPS/Markit said, after having hit a five-month low of 56.5 in May.
Commenting on the data, Chris Williamson, Chief Economist at Markit warned that growth continued to look unbalanced with services expanding far faster than...
Friday, July 3, 2015 - 04:02 CHINA MONEY WEEK: PBOC Tries, Fails To End Stock Market Rout 0
BEIJING (MNI) - The People's Bank of China has swung into action over the past week, easing monetary policy across all fronts in a -- so far -- failed attempt to arrest the fall in Chinese share prices.
The central bank wasn't alone. Efforts by the China Securities Regulatory Commission (CSRC) to stop the slide have been similarly unsuccessful as the year-long surge in prices rapidly and painfully unwinds. The Shanghai Composite Index dropped another 5.77% on Friday, bringing its losses in just over three weeks to nearly 30%.
Fall-out from the violent sell-off has become a new flashpoint for an economy that was already struggling and this helped justify the central bank's interest rate and reserve cut announcements last weekend...