01 Dec Press release ECB publishes glossary of payment, clearing and settlement terms
European Central Bank (Free subscription) | 4 minutes ago
European Central Bank (Free subscription) | 4 minutes ago
Offshore Banking Services - The Privacy Trap (Free subscription) | yesterday
Located in Frankfurt, Germany, the European Central Bank is undoubtedly one of the most vital central banks in the world. Established in 1998 by the European Union (EU), the bank has many responsibilities and an important role to play in world economics. One of its major responsibilities is to control the monetary policy of the sixteen states that fall under the Eurozone.
BloggingStocks (Free subscription) | 30/11/2009
Filed under: China Well, you can't blame him for trying. Him being European Central Bank President Jean-Claude Trichet and his effort to convince China to remove its essentially fixed-rate currency system for the yuan, and let the yuan's value be determined by market forces. China wasn't buying. Trichet was unable to convince China's Premiere Wen Jiabao to let the yuan float, Bloomberg News reported...
Market Watch (Free subscription) | 30/11/2009
European Central Bank President Jean-Claude Trichet and top European Union officials appear set to return from China empty-handed after they over the weekend called on Chinese leaders to allow the yuan to appreciate.
Seeking Alpha (Free subscription) | yesterday
Erwan Mahe submits: First, a little translation. ‘ Shichisho Hokoku’ here represents the war cry of Japanese Samouraïs , usually translated as "Serve the nation during seven existences." It was popularised by writer Yukio Mishima , who committed suicided according to the Seppuku ceremony in 1970, anguished by the lack of the population's reaction to his calls for the restoration...
Macro and Other Market Musings (Free subscription) | yesterday
It seems Martin Feldstein cannot avoid speculating about the demise of the Euro. Since the late 1990s he has been making the case that there are just too many institutional and economic differences in the EU nations for a single currency to work. In short, Feldstein believes the Euro area falls way short of being an optimal currency area . The past decade of relative success for the ECB has done nothing...
Athena Mortgages (Free subscription) | yesterday
With the news today that inflation has return to the Eurozone, what does this mean for the outlook for interest rates for French mortgages ? The increase in consumer prices for the month of November marks the end of a five month cycle of deflation across the European economic area. The 0.6% rise was driven largely by rises in energy prices which are common at this time of year but exacerbated by the...
Burning our money (Free subscription) | yesterday
The fire last time Yesterday Tyler had a chat with one of Britain's few sound MPs. We naturally touched on our fiscal crisis, and the risks of a 70s style market meltdown. Tyler wondered if MPs understand the need for urgent and painful action? "Well, on one level, yes... but it's in their heads, not their souls." Which seemed a pretty good summary of the entire problem, from the top down....
Mostly Economics (Free subscription) | yesterday
Jurgen Stark, the chief economist of ECB (read his profile), has a nice speech on the topic. Most of it is well-known. But a useful summary of the issues. Regarding the hot-topic whether central banks should intervene in asset markets or not, he says we need to look at it actively now. There is a need [...]
Financial Times (Free subscription) | yesterday
Eurozone annual inflation has turned positive for the first time in seven months but is still undershooting the European Central Bank's goal by a wide margin,...
Financial Times (Free subscription) | 30/11/2009
Eurozone annual inflation has turned positive for the first time in seven months but is still undershooting the European Central Bank’s goal by a wide margin
Foreign Exchange Outlook (Free subscription) | 30/11/2009
GBPEUR/GBPUSD Following on from last week, the Pound rallied against the U.S Dollar on Wednesday, climbing by the most in more than a week, after a report from the Office of National Statistics showed that UK gross domestic product contracted by less than previous estimates in the third quarter. GDP fell 0.3% from the previous three months, compared with a prior measurement of 0.4%, as slumps in manufacturing...
People Daily (Free subscription) | 30/11/2009
A trio of European Union financial chiefs subtly pressed China Sunday to appreciate the yuan in a warm-up meeting prior to today's China-EU summit. As the EU business community had urged China to allow the Chinese currency to appreciate faster, the yuan exchange rate was one of the major issues in talks between Chinese Premier Wen Jiabao and visiting Eurogroup President and Luxembourg Prime Minister...
People Daily (Free subscription) | 30/11/2009
China hopes the world's major reserve currency will maintain stable, said Chinese Premier Wen Jiabao in Nanjing Sunday when meeting with three Euro Group leaders. He was speaking with Euro Group President and Luxembourg Prime Minister Jean-Claude Juncker, European Central Bank President Jean-Claude Trichet and European Union Economic and Monetary Affairs Commissioner Joaquin Almunia ahead of the 12th...
Financial Times (Free subscription) | 30/11/2009
If you are a slow mover, you start early. That will be the European Central Bank's leitmotif as it presses ahead this week with plans to unwind exceptional measures...