Global credit rating agencies could gain access to China, possibly giving investors a more accurate assessment of risks in the country’s corporate-debt market. “We are encouraged by the removal of credit rating agencies from the […]
The European Central Bank committed to extending its asset-purchase scheme through the end of 2017, but will reduce its monthly purchases to €60 billion from €80 billion beginning in April. The ECB also changed its […]
While accepting short-term debt relief from the eurozone Tuesday, Greece asked Germany and the International Monetary Fund not to make its bailout negotiations contingent on austerity measures beyond 2018. “They must stop insisting on continuing […]
The five-year, five-year breakeven forward rate, a gauge of long-term inflation expectations for the eurozone, rose to 1.7052% Tuesday, the highest level in a year. The European Central Bank monitors this rate closely in an […]
Capital outflows from China are forcing officials to weigh the benefits of a renminbi devaluation. Advisers to Beijing have recommended a 20% devaluation to stem the tide of outflows. Financial Times (tiered subscription model) (06 […]
The American economy will grow 2.2% in 2017, according to economists surveyed by the National Association for Business Economics. Those surveyed also predicted a 4.7% unemployment rate and an increase of 2.3% for consumer prices. […]
President-elect Donald Trump promised to apply a 35% tariff on goods made by US companies overseas that are shipped back to the US for sale as part of his promise to bring back manufacturing jobs […]
Moving to reward Greece for its financial reforms, eurozone finance ministers agreed to support short-term debt relief for the country that includes an adjustment to the interest rate and an extension of the repayment period. […]
Issuance of collateralized loan obligations is unlikely to increase next year as risk-retention rules effective Dec. 24 force banks to hold 5% of the transaction, banks say. Banks expect volume of $50 billion to $70 […]
Italian Prime Minister Matteo Renzi announced his resignation after voters in a national referendum soundly rejected his proposed constitutional reforms. After Renzi’s announcement, the euro dropped to a 20-month low and European stock markets were […]
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