Euro rate hike unlikely for at least two years June 23, 2014 AUSTRIAN central bank chief Ewald Nowotny said this weekend that the European Central Bank (ECB) is unlikely to raise interest rates until at least 2016, as the policy of major central banks diverges. Nowotny’s comments follow the ECB’s easing, which reduced the Eurozone deposit rate to a negative level for the first time. Analysts have [...]
Small firms fear skills shortages will cap growth June 23, 2014 SMALL businesses are at their most confident since the UK’s recession, but shortages of skills are beginning to emerge as unemployment plummets, according to a report today. The Federation of Small Businesses (FSB) figures show that the firms are at their most confident in at least four years, going back to the beginning of the [...]
Top Morgan Stanley economist says Yo to a bizarre new app June 23, 2014 Yo, the new app that raised $1.2m (£705,000) for its simple one-word communication platform last week, got an endorsement from a surprising source yesterday. The app allows users to send each other only one message – the word “YO”, and was championed by Morgan Stanley global chief economist Joachim Fels. “When I first read about [...]
