ECB bond purchases exceed €1T
The European Central Bank has purchased more than €1 trillion in government bonds over the 18 months of its quantitative-easing scheme. While bond yields have risen slightly over the past couple of weeks, the ECB […]
Financial & Economic News
U.S. banks need better defenses against rates shock, regulators warn
Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly […]
China Regulators Looking at Uber-Didi Deal
Uber and Didi were caught up in a major price war in China, something that was hurting both companies as they fought for control of a major territory. However, Didi gave $1 billion to Uber […]
IDC Cuts Smartphone Shipments Outlook
International Data Corp. has not been too bullish on the smartphone market this year. It’s latest bit of news shows that even more so, as the research firm slashed its shipments forecast for the year. […]
Dubai’s finance hub attracts more companies
Companies based in the Dubai International Financial Center increased 16% in the first half of this year, despite weak oil prices and a slowing global economy. More than 20,000 people work in the business park, […]
IMF’s Lagarde urges G-20 economic reform
International Monetary Fund Managing Director Christine Lagarde has appealed to Group of 20 leaders preparing for a meeting in China to support forceful economic reform or risk a “low-growth trap” with falling productivity, weakening incentives […]
Yellen inspires rise in mortgage rates
Federal Reserve Chair Janet Yellen’s speech in Jackson Hole, Wyo., hinting at an upcoming rate increase has boosted mortgage rates. The average 30-year fixed-rate mortgage was at 3.46% on Thursday, up from 3.43% the previous […]
Saudi Arabia’s first international debt sale has generated so much interest from Asian investors
Saudi Arabia’s first international debt sale has generated so much interest from Asian investors that the kingdom is weighing a full pipeline of bonds to follow a $15B initial auction as early as October, FT […]