Register to get unlimited Level 2

Currency News

Sharecast - News you can use

  • More and more meetings for Greek PM Papademos

    Monday 06 Feb 2012

    Despite rumours of an imminent agreement on Greek austerity measures, it appears that negotiations are not progressing. The Daily Telegraph reports that Greek prime minister Lucas Papademos may hold conversations with the "troika" (European Central Bank, International Monetary Fund and the European Union) later on Monday in order to discuss the status of negotiations.

  • Sovereign bond yield differentials continue to narrow

    Monday 06 Feb 2012

    In the sovereign debt market, Germanto periphery bond yield differentials continue to narrow, while Portuguese and Italian debt carries on improving.

  • Eurozone crisis threatens to cut China’s growth in half

    Monday 06 Feb 2012

    In a report released today from its Beijing office, the International Monetary Fund (IMF) warns that the European debt crisis could cut China’s growth in half.

  • 'Merkozy' scheduled to meet this morning

    Monday 06 Feb 2012

    German Chancellor Angela Merkel has travelled to Paris this morning to meet with French President Nicolas Sarkozy in the Franco-German Council of Ministers scheduled for 11:30 this morning (10:30 London time).

  • FX open: Greek problems won't go away

    Monday 06 Feb 2012

    The European session is under way with equities showing an average gain of 0.3%. The market is trying to stretch out the gains following Friday’s positive US Employment Report. On the other hand, Greek negotiations with private bondholders is an open-ended issue that never seems to go away. There is reluctance in Greece to accept the new austerity measures requested by the Troika.

  • European banks’ capital restructuring plans do not look credible

    Monday 06 Feb 2012

    The European Banking Authority (EBA) called last December on some of the Continent´s leading banks to raise capital by €115bn in order to reach a 9% core tier 1 capital ratio, but the regulator may decide to challenge some of their plans to meet that requirement.

  • Greek talks at critical stage as deadline looms

    Monday 06 Feb 2012

    After a meeting last night between the three parties of Greece’s coalition government, Prime Minister Lucas Papademos announced that they had agreed on “basic issues”. However, Greek paper ekathimerini has reported that the two smaller party heads remain opposed to excessive austerity and that talks will continue today.

  • FX round-up: Dollar up versus yen after US jobs surprise

    Monday 06 Feb 2012

    A surprisingly strong US jobs report spurred interest in the dollar against the yen on Friday and increased hopes that the US Federal Reserve will refrain from further quantitative easing and raising interest rates until 2014.

  • Papademos threatens to resign if not backed by parties

    Friday 03 Feb 2012

    Greek daily Ekathimerini reports that Greek Prime Minister Lucas Papademos has threatened to resign if the country's political parties do not support the new fiscal austerity measures requested by the "troika" (European Union, European Central Bank, and International Monetary Fund).

  • Markets cheer US jobs report

    Friday 03 Feb 2012

    European equities and US stock futures went from trading flat to showing average 0.8% gains after a much better than expected Employment Report for January was released in the United States.

  • Spain limits banker salaries for bailed out banks

    Friday 03 Feb 2012

    Spain's Finance Minister Luis de Guindos has informed at the Council of Ministries that there will be limits for top management pay at entities that receive public funds. This element of the financial reform was not mentioned in yesterday's announcement.

  • World may need $2 trillion to cover economic eventualities, says IMF

    Friday 03 Feb 2012

    International Monetary Fund (IMF) Deputy Managing Director Naoyuki Shinohara said that the world economy may need up to $2 trillion to cover all global economic eventualities.

  • IMF seeks to increase safety net as Greek talks drag on

    Friday 03 Feb 2012

    As Greece continues talks with private creditors in an attempt to reach a deal on the debt swap, the International Monetary Fund (IMF) is busy making moves to increase its emergency funds in order to head off any possible crisis.

  • Eurozone service sector gets out of recession levels

    Friday 03 Feb 2012

    The purchasing managers' index (PMI) for the service sector, as compiled by Markit Economics, has revealed that the Eurozone economic slowdown could have reversed course with the services and manufacturing sector out of recession levels.

  • Deutsche Bank doesn’t want to lose rep by accepting cheap ECB money

    Friday 03 Feb 2012

    Even though the European Central Bank (ECB) is preparing a second round of “cheap money” for banks to combat the credit crisis, Deutsche Bank is reluctant to accept the offer as it fears losing its reputation.

  • FX open: US employment report coming up

    Friday 03 Feb 2012

    The European session is under way with the main equity indices showing an average loss of 0.2% in morning trade ahead of the US Employment Report for January. Negotiations between Greece and private bondholders are expected to conclude over the weekend and the markets cannot wait.

  • Spain announces €50bn financial sector reform

    Friday 03 Feb 2012

    Spain’s Economic Minister Luis de Guindos announced last night the financial sector reforms to clean up bank balance sheets.

  • FX round-up: Euro falls against dollar ahead of jobs data

    Thursday 02 Feb 2012

    The euro fell against the dollar on Thursday as investors drew breath ahead of Friday's US non-farm payrolls data.

  • EU to evaluate ESM in March

    Thursday 02 Feb 2012

    European Council president Herman Van Rompuy has said that EU leaders will discuss the size of the European Stability Mechanism (ESM) fund at their next summit meeting on March 1st-2nd.

  • Facebook prepares largest ever Internet stock flotation

    Thursday 02 Feb 2012

    In one of the most talked about initial public offerings (IPOs) in stock market history, Facebook Inc. has finally filed its S-1 document to the Securities and Exchange Commission.

More Stories

Top of Page