China Data Renew Push for Stimulus
China’s economy got off to a weak start in 2015 with disappointing manufacturing- and service-sector readings, renewing calls for the government to introduce more measures to spur growth in the months ahead.
Russia GDP Seen Shrinking 3%
Russia’s economy minister said Saturday that the country’s gross domestic product is expected to shrink by 3% in 2015 with oil prices at $50 a barrel and an estimated capital outflow at $115 billion, Russian news agencies reported.
China Minsheng Bank President Resigns
China Minsheng Banking Corp.’s president, Mao Xiaofeng, resigned for what the bank said were personal reasons that are unrelated to its operations.
Greek Banks May Lose ECB Funds
The European Central Bank will stop lending to Greek banks if there is no agreement that will keep the country’s bailout program in force, an ECB policy maker said.
Currency Tumult Stokes Big Bets
A surging dollar is pummeling currencies around the globe amid efforts to boost economic growth, prompting a wave of investor bets to profit from the upheaval.
Russian Ruble Falls After Rate Cut
The Russian ruble fell to a 2015 low after the country’s central bank unexpectedly cut interest rates. Elsewhere, European stocks were sold off after data showed eurozone consumer prices fell in January.
Swiss Central Bank Payments to Government Rise
Switzerland’s central bank will double its 2014 payments to federal and regional governments to $2.17 billion, but indicated its decision to abandon a cap on the Swiss franc could jeopardize payments this year.
The Case for European Stocks Gets Stronger
We survey the landscape and point out potential hazards for U.S. investors.
Denmark Suspends Bond Issuance
Denmark said it is suspending the issuance of government bonds as the latest step in its efforts to relieve pressure on the country’s currency peg to the euro.
India Stocks Hit by Coal India Sale
Indian shares broke a winning streak Friday, as markets tried to digest one of the country’s largest share sales ever, as well as news that bad loans at some Indian banks appear to be growing.
SNB's Foreign-Exchange Reserves Soar in 2014
The Swiss National Bank’s foreign currency holdings rose 8% to top $539 billion as 2014 drew to a close, raising questions about how it will manage its reserves after scrapping its cap on the value of the Swiss franc.
Turkish Central Bank Verbally Intervenes to Stem Lira Slide
Turkey’s central bank verbally intervened to stem the lira’s slide as the currency hit record lows against the dollar, seeking to ease fears that policy makers may prematurely cut interest rates despite a broad emerging-markets selloff.
Belarus Bondholders Get Bumpy Ride
Belarus has just given its bondholders a very bumpy ride. Earlier, Belarus President Alexander Lukashenko said the country may consider restructuring its foreign-debt obligations this year as $4 billion of payments fall due, sparking a selloff.
Brazil Central Bank Signals Further Increase in Interest Rates
Brazil will have to raise interest rates further to win its battle against inflation, the country’s central bank signaled in minutes from its latest policy meeting.
Greece Bank Deposits Fall
Bank deposits in Greece fell to a two-year low in December as Greeks yanked 4.6 billion euros ($5.2 billion) from lenders amid rising political uncertainty.
Central Bankers Ramp Up Currency Wars
A surprise move by Singapore to ease monetary policy is the latest sign of the pressure on policy makers at a time of falling commodity prices, declining inflation and softening growth expectations.
Belarus Says it Won't Default on Bonds
Belarus President Lukashenko moved to reassure holders of the country’s bonds that Minsk has enough funds to pay back debt and isn’t planning to default.
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