Draghi hints at publishing euro bank’s minutes April 24, 2014 EUROPEAN Central Bank (ECB) chief Mario Draghi hinted yesterday that the Eurozone’s interest rate setters could start to publish minutes of their policy meetings, following the standard practice of other major central banks. Speaking in the Netherlands, Draghi said: “The publication of a richer account of our monetary policy deliberations represents a logical next step [...]
Branson’s airline narrows its losses April 24, 2014 VIRGIN Atlantic expects the benefits of its cost-cutting plan and a tie-up with US carrier Delta Air Lines to help it back to profit by the end of this year. Virgin, which is in the middle of a two-year turnaround plan under new boss Craig Kreeger, halved its group pre-tax loss of £51m last year. [...]
ECB’s Draghi suggests minutes are a “logical next step” April 24, 2014 The European Central Bank's President is pushing efforts at greater clarity. Mario Draghi has said that "the publication of a richer account of our monetary policy deliberations", otherwise known as minutes, now "represents a logcal next step". The central banking chief thinks that publication would "provide a more detailed explanation of the reasoning" behind ECB [...]
Sports Direct criticises investors for rejecting Mike Ashley bonus April 23, 2014 SPORTS Direct yesterday hit out at shareholders for failing to back a bonus share scheme that would have awarded its founder Mike Ashley a £70m windfall, as it posted a rise in fourth quarter sales. The sportswear giant’s board was forced to cancel the plan earlier this month after failing to win enough investor support. [...]
Farage predicts a political earthquake April 22, 2014 Ukip’s leader Nigel Farage is predicting a political “earthquake” if his party does well in the European elections next month. Speaking at the launch of his party’s campaign in Sheffield yesterday, Farage said: “If Ukip win these elections, a referendum and an opportunity for us to get back control of our country will be one [...]
Asian markets rise as Yellen reaffirms commitment to low rates April 17, 2014 Asian markets have seen minor gains after the US posted better than expected industrial production figures, and the chair of the Federal Reserve Janet Yellen reaffirmed the Fed's commitment to supporting the recovery. Investors were reassured by Yellen's remarks to the Economic Club of New York that the US would "likely require low real interest [...]
Putin doesn’t need to invade Ukraine to get what he wants April 16, 2014 THE SIMMERING crisis in Ukraine has just been brought to a boil again. Pushed to the point of no return, the fledgling government in Kiev has at last responded to Russian provocations, for the first time deploying troops, aircraft, and armoured carriers in the east of the country. Kiev has explicitly labelled this an “anti-terrorist [...]
Eurozone inflation confirmed at 0.5pc as pressure piles on Draghi April 16, 2014 The shock fall seen in Eurozone inflation in March has been confirmed this morning. A final revision of Eurozone inflation for March has come in at 0.5 per cent – confirming the four-year low preliminary reading and stoking concerns that the economic area could slip into deflation, as disinflation continues. Below the European Central Bank [...]
Ukip strikes back after claims that Farage misused allowance April 15, 2014 UKIP party officials were on the attack yesterday, after claims that leader Nigel Farage misused allowances from the European parliament. The party published a list of journalists at The Times who it accuses of conspiring against Ukip to boost the fortunes of the Conservative party by publishing the expenses claims. Yesterday, The Times published a [...]
Eurozone QE: Why and how Draghi may pull the trigger April 14, 2014 The ECB will opt for a massive sum to force the euro down DESPITE the strongest signs yet that the European Central Bank (ECB) will act to tackle disinflation, markets remain unconvinced. ECB president Mario Draghi, speaking on Saturday, said that a continued strengthening of the euro (which the ECB believes has knocked up to [...]