Mario Centeno, the incoming president of the Eurogroup, underlined his vision for the region and said that “time and patience is of essence” to reform the euro zone. The current finance minister of Portugal is taking over one of the most important positions in the euro zone on January 13. Among the many decisions that […]
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Brexit will be a key challenge for 2018, says next euro zone finance chief
The U.K.’s departure from the European Union is among the top concerns for the euro area going into 2018, the incoming Eurogroup chief told CNBC. “Brexit is a challenge and it’s a challenge that is a negative shock certainly for all these economies,” Mario Centeno, the incoming Eurogroup president told CNBC exclusively Wednesday. The Eurogroup […]
Read moreThe Federal Reserve came through on a widely expected interest rate hike Wednesday following its two-day policy meeting and sharply raised its economic growth forecast for 2018. In their decision, the central bank policymakers mostly followed the script, though they did indicate that one less hike is on the way for 2019. Two Fed presidents […]
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LAUREN, a Democrat from Maryland, makes an impassioned case for not shopping at Ivanka Trump, the business founded by Donald Trump’s daughter. First comes a predictable argument; she abhors supporting any brand that uses the Trump name. Second, the sparkly sandals she bought back when Ms Trump was a tabloid celebrity, not an adviser to […]
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POLITICIANS and executives are held to different standards. That is pretty clear when it comes to issues such as sexual harassment despite the resignation of Al Franken or the rejection by voters of Roy Moore. As others have pointed out, the tweets and remarks of Donald Trump would have seen him forced out of the […]
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Why Donald Trump's Jerusalem move might have made Russia a lot stronger
U.S. President Donald Trump’s decision to recognize Jerusalem as the capital of Israel is likely to have the unforeseen consequence of strengthening the hand of Russian President Vladimir Putin and Moscow’s role in the Middle East, according to experts. When Trump said last week that he recognized Jerusalem as Israel’s capital and that he would […]
Read moreIn a mortgage market that has become comfortable with near record-low interest rates, any move higher makes a difference. A slight increase last week caused total mortgage application volume to fall 2.3 percent, according to the Mortgage Bankers Association’s seasonally adjusted report. Applications to refinance led the way down, falling 3 percent for the week […]
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German stock exchange operator Deutsche Boerse experiences trading disruption
Deutsche Boerse, the German stock exchange operator, experienced a short disruption on its Xetra trading platform early on Wednesday, but trading started as normal at 0800 GMT. Deutsche Boerse was not immediately available to explain the disruption, which surfaced around 0715 GMT with a notice on its website. That notice was removed about 30 minutes […]
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Russian court freezes $1.7 billion of Sistema assets at request of Rosneft
A Russian court froze around $1.7 billion of conglomerate Sistema‘s assets following a claim by oil major Rosneft on Tuesday, escalating a long-running dispute that has reignited concerns about the investment climate in Moscow. Rosneft is looking to place on hold some of Sistema’s assets as part of a second lawsuit over the state-controlled group’s […]
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ECB set to lift its growth outlook as massive bond-buying slowly winds down
The European Central Bank (ECB) is likely to raise its growth forecasts when it meets Thursday, as the fragile economic recovery in the region slowly gathers pace. This will be President Mario Draghi‘s last press conference before the holiday season, but the Italian economist has given away most of his presents early this year. At […]
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