Greece makes further euro integration unavoidable – with big risks for the UK July 13, 2015 After months of wrangling, Eurozone leaders and the Greek government finally seem to have reached an agreement on a third bailout deal. EU politicians and the markets may breathe a sigh of relief at the prospect of some short-term stability being restored. But even if this new deal manages to stave off Grexit in the [...]
China’s stock market crash: Liberalisation cannot be fully controlled July 12, 2015 Visiting China last week to discuss finance with regulators, officials and industry people in Beijing and Shanghai was a timely reminder of the country’s economic vitality. All the facts confirm this – China is the world’s second largest economy (probably the largest on a purchasing power parity basis), and it is growing at twice the [...]
Watchdog will open new RSA Ireland inquiry July 7, 2015 INSURER RSA is facing an external investigation over financial irregularities in its Irish business, which were uncovered in 2013. The Financial Reporting Council (FRC) announced yesterday that it has decided to investigate the conduct of certain individuals at RSA Ireland. An RSA spokesperson said: “This is not an investigation into RSA. The FRC’s remit is [...]
Greek crisis: ECB maintains emergency funding for Greek banks and imposes bigger haircut on Greek bank collateral July 6, 2015 The European Central Bank (ECB) has imposed a bigger haircut on Greek banks making it harder for them to receive the emergency funding they need to stay afloat. The governing council's move means Greek banks will have to cough up more assets in exchange for Emergency Liquidity Assistance (ELA), however a source told Reuters that the [...]
Greek debt crisis: ECB will maintain ELA emergency loan support to Greek banks June 28, 2015 The European Central Bank (ECB) will keep supplying Greece with emergency loans to keep the country's banks running after Greek PM Alexis Tsipras called a surprise referendum on its latest bailout deal. “We continue to work closely with the Bank of Greece and we strongly endorse the commitment of Member States in pledging to take [...]
Greek debt crisis: European Central Bank reportedly ending ELA emergency loans to Greece June 28, 2015 Europe may cut off its emergency loans to Greece which is keeping the country's banking system afloat. The European Central Bank (ECB) will stop providing Emergency Liquidity Assistance (ELA) to Greece, the BBC reports, citing unnamed sources. Latest: The ECB's support for Greece will continue The ECB is expected to meet today to decide the next [...]
Better small company reporting is key to unlocking EU Capital Markets Union June 24, 2015 Smaller quoted companies are vital to generating long-term sustainable economic growth and creating jobs. Smaller enterprises have the capacity for dynamic growth, development of new markets and sustainable job creation. But how best to attract the capital they need to achieve their potential? The European Commission’s proposal for a Capital Markets Union has sought [...]
Tesco tops suppliers’ naughty list over groceries code June 22, 2015 Tesco has been on the receiving end of more than half of issues raised by suppliers with the new Groceries Code adjudicator in the last year. The troubled supermarket was at the centre of 54 per cent of complaints made, with 11 per cent of Tesco's suppliers going to the new government ombudsman, according [...]
Saudi Stock Exchange opens to foreign investment: Meet the biggest companies you’ve never heard of June 15, 2015 Saudi Arabia’s largest natural resource is oil. Yet there is one deep, very different well that remains still untapped: direct foreign investment in the Tadawul, better known as the Saudi Stock Exchange. With a market capitalisation of more than $560bn (£360bn) it is the final major capital market not yet open to direct foreign investment. [...]
Saudi Arabia’s Tadawul stock exchange opens to foreign investors: Here are six companies you should watch June 15, 2015 Today, Saudi Arabia's Tadawul stock exchange opens up to foreign investors for the first time. Worth more than $500bn (£323bn), it represents a huge opportunity for those with an eye for the Middle East's biggest economy. Read more: Now is a better time than ever for women to enter Islamic banking By opening up to foreigners, [...]