RBI Keeps Indian Rates on Hold
The Reserve Bank of India (RBI) left its benchmark interest rates unchanged at 8 percent on Tuesday,...
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July Marks Worst Month for Commodities Since 2012
Despite the summer heat, commodities have been anything but hot. In July, commodities suffered their...
US Home Prices Slow Down in June
U.S. home prices rose in June by the smallest year-over-year amount in 20 months, slowed by modest s...
Central Bank Divergence Not Here But Near
After the Federal Reserve maintained its path towards raising U.S. interest rates next year, other m...
Former BOE Chief Economist Joins British Petroleum
The shakeup at the top of the Bank of England under its new governor, Mark Carney, is continuing wit...
UK Services Sector Surges in July
Britain’s dominant services sector enjoyed a stronger than expected July, raising expectations...
Moody’s Downgrades UK Banking Outlook Due to New Regulations
The UK’s major banks are exposed to multi-milllion pound fines and lawsuits that could dent th...
Former BOE Governor Says European Stress Tests Bank’s Last Chance
The upcoming European banking asset quality review will represent the sector’s “last cha...
UK Think Tank Says Productivity Still Not Fully Recovered
U.K. workers are still far less productive than before the financial crisis of six years ago even th...
Europe Considering Dismantling Troika Who Oversaw Greek Bailout
Brussels is considering scrapping the troika that supervises Greek reforms to allow Athens to pursue...
ECB Expected To Leave Monetary Policy Intact This Week
The European Central Bank (ECB) is expected to hold fire at its monetary policy meeting this week, d...
Germany Cancels Defense Contract With Russia
Germany on Monday cancelled a contract to supply Russia with a €120m combat simulation centre, ami...
Portugal Will Split BES into Good and Bad Banks
Portugal’s central bank has announced a plan to rescue the troubled lender Banco Espirito Sant...
Ghana To Ask IMF Aid to Boost Currency
Ghana has said it will seek financial aid from the International Monetary Fund (IMF) to help strengt...
50 African Leaders to Gather in Washington
Delegates are gathering in Washington DC for the largest ever summit of African leaders in the US. N...
World Bank to Create $200M Ebola Fund
The World Bank has announced that it is allocating $200m (£120m) in emergency assistance for West A...
Gold Calm As Rangebound Trade Continues
Gold prices are showing little movement on Tuesday. Late in the European session, the spot price...
EUR/USD – Euro Dips on Mixed PMIs
EUR/USD has lost ground on Tuesday, as the pair trades below the 1.34 line in the European session....
EUR Pounded To A Nine-Month Low
A number of central bank monetary policy rate announcements combined with few Group of 10 jobs repor...
GBP/USD – Pound Steady As Construction PMI Meets Expectations
GBP/USD is showing little movement, as the currency markets have started off the week quietly. In Mo...