13 April, 2016
The International Monetary Fund (IMF) wants the European partners of Greece to grant Athens relief on its debt, which it perceives to be “highly unsustainable.” According to the IMF memorandum, “Despite generous concessional official financing and further reform plans … debt dynamics are projected to remain highly unsustainable.” Furthermore, the IMF draft stated that, “To restore debt sustainability, in addition to our reform efforts, decisive action by our European partners to grant further official debt relief will be essential.”
Up to 50 percent of the banks in the United States, which are considered to be “too big to fail” is said to have a key proposal rejected by regulators. The Wall Street Journal reports that federal regulators plan to reject the “living wills” sent by 4 of the 8 systematically important US banks.
Asian equity markets are edging up following the upbeat Chinese trade data. The customs department of the Asian country indicated that exports soar by 11.5 percent in USD denominated terms from March 2015, surpassing anticipations for a 2.5 percent rally. As of 1:15 AM ET, the Shanghai Composite Index surged by 2.34 percent, the Hang Seng climbed 2.80 percent, while the Nikkei shot up by 2.75 percent.
European and US stock futures are edging up by up to 1 percent during early trading. The Nasdaq gained 0.8 percent, the S&P 500 inched higher by 0.1 percent, and the Dow Jones added 0.9 percent.
Shares in the United States mixed as the market waited for the outcome of the U.S. economic data and as the Fed officials were set to release their statement after the report...
According to reports, Cook plans to introduce the accelerator program for iOS developers and to make known the development center for digital maps in Hyderabad. The CEO also said that he was encouraged by the results that the company is beginning to see there (India) and believe there is a lot lot more...
Amazon took another step in expanding its market influence as it opened doors in the European Union countries. Francois Saugier, Amazon director of European seller services, expressed his excitement towards the new business venture of the e-commerce juggernaut in Europe...
Europes finance ministers assembled in Amsterdam on Friday known as the Eurogroup meeting to discuss the improvement for the review of an economic adjustment program of Greece, which the Hellenic Republic obliged to pass in order to receive the following tranche of the loan...
The Aussie and New Zealand dollars inched lower against the greenback on Wednesday, as the prices of oil retreated after the Kuwaiti oil workers strike ended...
On Friday, stocks and bond yields recoil as oil prices strengthens, but remained on the trail in trimming over the course of a marking and volatile week that has been witnessed by the increasing Japanese yen against the dollar...
The greenback traded higher against a basket of currencies as the market remained watchful on the outcome of the Federal Reserve’s march Policy meeting happening today and as economic growth ached the euro zone...
Gold futures extended rallies from the previous session in European trading hours on Wednesday, edging up to a 1-week high as market players lowered their expectations on the pace of interest rate hikes this year...
Asian stocks surged on Wednesday, as markets lowered expectations regarding the pace of interest rate hikes this 2016, boosting bonds and pushing the US dollar lower...
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