Mathematical finance
Fed holds rates steady in nod to global economic weakness
The U.S. Federal Reserve kept interest rates unchanged on Sept. 17 in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year.
Greeks willing to pay to keep money safe
Greeks are resorting to negative interest rates, taking their money out of local lenders and placing it in foreign bank accounts – in effect choosing to pay a premium for the protection of their capital.
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The Eagle against the PICTS
When I travelled to England to watch my beloved Be?ikta? against Liverpool, I drove as far north as Hadrian?s Wall, which was built by the Romans in the second century as a defensive fortification. Another eagle is again on a collision course with Picts nearly two millennia later.
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Fed officials see June rate hike as unlikely
Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the U.S. economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeting released on May 20.
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Economy administration should 'get its act together,' says President Erdo?an
President Recep Tayyip Erdo?an has further ramped up his criticism of Central Bank Governor Erdem Ba?ç? and the economy administration, saying ?they should get their act together.?
Turkish Central Bank makes decision under pressure
The Central Bank announced its rate decision yesterday amid unending comments by politicians, who wanted a significant rate cut.
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Romania's Central Bank slashes key interest rate to 2.5% per annum
The Board of Romania's Central Bank (BNR) decided on Wednesday to slash the key interest rate from 2.75% to 2.5% as of January 8, according to a release issued for AGERPRES.
Photo credit (c) LUCIAN TUDOSE / AGERPRES ARCHIVE
Thrace Plastics meeting approves share capital increase
The extraordinary general meeting of listed company Thrace Plastics on Monday decided on a share capital increase of 7,215,139.20 euros.
It also approved the return of 0.025 euros per share to shareholders as of January 27, adding up to over 1.12 million euros.
Greek market bought the rumor and sold the fact
After the morning growth up to the 1.024 points, the benchmark of the Athens stock market dived to 945 before settling for 958 at the end of Monday's session, as investors chose to cash in on the gains generated last week before the announcement of the banks stress test results on Sunday.
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Greek bonds extend selloff, pushing yield up most in 15 months
Greeces 10-year bonds fell a third day, pushing the yield up by the most in more than 15 months, on concern the governments plan to end its bailout early will leave the nation unable to raise funding sustainably.