Oil prices drop as nuclear deal with Iran looms July 13, 2015 Oil prices were stuck below $60 yesterday and with an Iranian nuclear deal in the offing could fall further again in the near future. Talks between Iran and Western powers were due to end last night, and officials said yesterday that a deal aimed at ending sanctions on the Middle Eastern country in return for [...]
Greek debt crisis: From its €50bn fund of government assets to its bridge financing arrangements, today’s Greek deal in numbers July 13, 2015 After six months (which culminated in a tense-sounding 17-hours), Greece has finally reached a deal with its lenders which should, eventually, help to unlock bailout funds for the country. Read more: Greece deal – here's why the euro has dropped But how much is this going to cost Greece – and its lenders? Here are the [...]
Jeroen Dijsselbloem reappointed as Eurogroup head July 13, 2015 Dutch finance minister Jeroen Dijsselbloem has been reappointed as the head of the Eurogroup for another 2.5 years. Read more: Tsipras – "Greece will continue to fight" Dijsselbloem faced competition from Spanish finance minister Luis de Guindos, but in a statement the European Council said: "The decision was unanimously supported by all Eurogroup members." The Eurogroup, [...]
Greek debt crisis: Referendum spurs Greek job hunters to search abroad… and the UK is a favourite July 13, 2015 The prospect of a Grexit has caused a massive spike in the number of people looking for work outside of Greece, particularly among highly skilled workers. The country experienced a surge in citizens searching for jobs abroad as its debt crisis deepened and the referendum was announced, data from job website Indeed reveals. The share [...]
Worst sectors for boardroom diversity: Women joining FTSE 100 boards but mining lags far behind retail industry as Conservatives push to end gender pay gap July 13, 2015 More women are joining the boards of Britain’s most powerful companies, but there’s a big difference between different industries, a breakdown by sector reveals. In a bid to end the gender pay gap "in a generation”, Prime Minister David Cameron announced plans today to require UK firms to publish gender pay audits. But progress is [...]
Greek debt crisis: “Greece will continue to fight”, vows Alexis Tsipras July 13, 2015 Greek Prime Minister Alexis Tsipras has triumphantly told his people that the country has "sent a message of democracy", after the embattled nation's government finally agreed a deal with creditors which will unlock three years of funding. Read more: Here's everything we know about Greece's new bailout deal In an official statement this afternoon, Tsipras said [...]
S&P 500 and Dow Jones jump as US markets open higher on Greece deal – but euro continues to fall July 13, 2015 Stocks opened higher after this morning's deal between Greece and its lenders. The S&P 500 jumped 0.8 per cent at the opening bell, while the Dow rose just over one per cent. Earlier, European markets had all reacted positively to the news, opening higher and maintaining that optimism, with the FTSE 100 hovering around 6,713 [...]
Here’s everything we know about Greece’s new deal with its creditors July 13, 2015 The FTSE 100 and the euro both rallied this morning after it was revealed that, after 17 hours (and six long months) of negotiations, Greece had finally reached a deal with its creditors. Although the details are still sketchy, here's what we know so far. The deal should unlock €82-86bn (£59-61bn) of funds for Greece [...]
#ThisIsACoup: Markets may be happy about the new Greek deal, but Twitter really isn’t July 13, 2015 The markets may be happy that at long last a deal has been agreed between Greece and its creditors, but on social media the environment is rather more frosty. As the details of the three-year bailout emerge – a deal that European Council president Donald Tusk said had "strict conditions" – the FTSE, Cac [...]
UK consumer spending growth soars to five-year high July 13, 2015 Britons wining and dining, indulging in nights out and partaking in leisure activities helped consumer spending in the three months to June hit its highest level in five years. Figures released today based on credit and debit card transactions from Visa Europe show consumer spending rose 1.4 percent annually in the three months to June, [...]