Search Results for: interest rate

Live Greek election poll tracker

With the only real catalyst on the horizon not due for nearly one month – that would be the Greek elections of June 17 which while presented as the make or break event for the Eurozone, we believe will be once again inconclusive, resulting in no actual government, but merely …

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Greece’s banking industry secretly gets €100 billion

bank of greece

Greece’s struggling banking industry has been secretly injected with around €100 billion in emergency liquidity from the country’s central bank which was approved by the European Central Bank in Frankfurt, according to the FT. This follow reports of a ‘run’ developing on Greek banks last week, which were emphatically denied …

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Eurozone unemployment hits record-high 11.9%

Europe starving

Unemployed workers wait outside a government job centre in Madrid. Unemployment has hit unprecedented levels across Europe, with youth joblessness particularly high, according to a new EU report. Spain was hardest-hit: Overall unemployment was measured at over 20 percent, and youth joblessness was over 55 percent. The number of those …

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Gold ‘should be $US1,700 an ounce’ – Deutsche Bank

Gold Deutsche Bank

Gold has seen a sell-off in recent days, heading for the longest run of declines since May, trading at $US1319 an ounce. Federal Reserve chairwoman Janet Yellen’s speech at Jackson Hole over the weekend contributed to gold’s latest decline. Yellen said the case for a US rate increase has strengthened, …

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How Has the Coronavirus Pandemic Affected Safe Haven Assets?

While large-scale disasters such as the coronavirus pandemic can have a significant negative impact on the global economy, causing certain stocks and shares to plummet, there are certain investments that are more likely to retain or even gain value during times of severe market instability. Here, we’ll explore the concept …

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RBS and UBS traders to face arrests over Libor scandal within a month

RBS

RBS and UBS traders accused of manipulating the Libor face arrests within a month, Bloomberg’s Lindsay Fortado reports. In case you’ve forgotten, the Libor is the London Interbank Offering Rate, a benchmark rate for financial products worth $360 trillion world wide. This summer, traders were found allegedly colluding with Libor submitters to manipulate …

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US trade deficit with China hits record high

China imports

Americans bought record amounts of goods from China in September, pushing the trade gap between the world’s largest economies to a historic high, according to U.S. Commerce Department data published Tuesday. September imports from the Asian giant hit $44.9 billion, up nearly 13% on the month, as the U.S. economy gained steam. The import and …

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US jobs report: a disaster

Unemployment line

Month after month, dismal jobs numbers are released from Washington and quickly spun to either enhance the image of the Obama administration or attempt to smash it. This month, though, there’s only one way to look at the figures — and it’s bad. The US Department of Labor released employment …

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The Importance of Horse Racing to The Irish Economy

Horse racing, as everyone knows, is big business in Ireland. You could even go as far as calling it a hub of the thoroughbred industry, even though the country itself only has a population of around 4.8 million. It’s estimated that nearly 30,000 people are working within the horse racing …

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How Bitcoin is Affecting Different Industries

Bitcoin coins in a pile

Since Bitcoin arrived (ok not ‘arrived’) as there is no physical back in 2008 there have many companies and big Industries like Dell and Microsoft that take advantage of the crypto currency, and if you have a business of your own but are not using bitcoin, then you really could …

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Startling Statistics on Injuries in the Workplace

Injuries in the Workplace

No employer purposefully neglects their responsibilities to protect their employees from injuries at work, but unfortunately, there has been an increase in the number of reported work fatalities from 2013 to 2015. As the saying goes, accidents happen, but the stark reality is that many of these deaths and other …

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Hillary Clinton’s health concerns are serious, say 71% of doctors surveyed

hillary-clintons-health-doctors-survey

Concerns about Hillary Clinton’s health are “serious—could be disqualifying for the position of President of the U.S.,” say nearly 71% of 250 physicians responding to an informal internet survey by the Association of American Physicians and Surgeons (AAPS). About 20% said concerns were “likely overblown, but should be addressed as by full release of …

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US approves $1.15 billion sale of tanks and weapons to Saudi Arabia

Tanks Saudi Arabia weapons

The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. The approval for land force equipment coincides with Saudi Arabia leading a military coalition in …

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Industrial hemp now legal in North Carolina

Industrial hemp

Numerous industries would benefit from the industrialization of hemp as they once did in America. But thanks to the federal government, this widely-diverse crop has been highly underutilized, even despite the fact that it is entirely different than psychoactive marijuana. Now, in a huge game-changing move for the US, North Carolina has …

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China, Russia, Norway, Brazil, Taiwan dump US treasuries

US treasuries being dumped

Five large purchasers of US Treasuries – China, Russia, Norway, Brazil, and Taiwan – have changed their minds. They’re dumping Treasuries, each for their own reasons that are now coinciding. And at the fastest rate on record. For the 12-month period ended July, sales of Treasuries by central banks around the world …

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