Balazs's Feed
Jun 3, 2015

ECB to focus on roll out of QE as Greece deadline looms

FRANKFURT, June 3 (Reuters) – European Central Bank
President Mario Draghi is set to reaffirm his commitment to
quantitative easing and may call on Greece to finally agree a
fresh aid deal with its creditors after the ECB left interest
rates on hold as expected on Wednesday.

The euro zone’s central bank is likely to raise its
inflation forecast at a 1230 GMT news conference and say its
trillion-euro-plus asset buying programme is already paying off.

Jun 3, 2015

ECB to press case for steady QE, may urge Greece to accept deal

FRANKFURT (Reuters) – The European Central Bank is set to raise its inflation forecast on Wednesday, saying that its trillion-euro-plus asset buying program is already paying off, and may urge Greece to accept a new deal from its creditors to access fresh aid.

In what could be the bank’s least eventful meeting in months, the ECB is set to keep rates on hold, confirm its growth forecasts, make the case for a steady pace in quantitative easing and discuss Greece only briefly, leaving most of the talking to Brussels.

Jun 3, 2015

ECB to press case for steady quantitative easing, may urge Greece to accept deal

FRANKFURT (Reuters) – The European Central Bank is set to raise its inflation forecast on Wednesday, saying that its trillion-euro-plus asset buying programme is already paying off, and may urge Greece to accept a new deal from its creditors to access fresh aid.

In what could be the bank’s least eventful meeting in months, the ECB is set to keep rates on hold, confirm its growth forecasts, make the case for a steady pace in quantitative easing and discuss Greece only briefly, leaving most of the talking to Brussels.

May 22, 2015

Eyeing competitiveness, Nordics debate more ‘latte pappas’

OSLO/STOCKHOLM (Reuters) – Nordic nations are the tops when it comes to gender equality, according to the World Economic Forum’s global rankings which reviews the gaps between men and women in a range of areas, including the economy.

But not happy to rest on their laurels, some of these progressive, northern European states are debating how much further paid parental leave needs to be pushed onto fathers to liberate more women into the workforce.

May 19, 2015

Faster ECB money-printing excites investors

FRANKFURT/ BRUSSELS (Reuters) – The European Central Bank will accelerate the pace of money printing to buy government bonds over the next two months, one of its top officials said, while voicing concern about recent swings on bond markets.

The comments from Benoit Coeure, initially made in private on Monday at a conference attended by one of Britain’s richest hedge fund managers Alan Howard, some of his peers and academics, sent markets into a flurry when they were published on Tuesday.

May 13, 2015

Norway’s $900 bln fund seeks faster action against unethical firms

OSLO, May 13 (Reuters) – Norway’s $900 billion wealth fund,
one of the world’s biggest investors, plans to move faster
against firms in its portfolio that misbehave, weeding out the
worst offenders and “crooks” that do not mend their ways, the
fund’s new ethics chief said.

Johan Andresen, who heads the Council on Ethics, told
Reuters that the fund hoped this push against unethical or
illegal business practices would improve its investment returns
and even “make the world a better place”.

May 4, 2015

NATO starts anti submarine exercise in North Sea as tension with Russia rise

ABOARD THE USS VICKSBURG, North Sea (Reuters) – NATO launched one of its biggest-ever anti-submarine exercises in the North Sea on Monday, inviting non-member Sweden for the first time, amid increasing tensions between Russia and its northern neighbors.

More than a dozen vessels from 11 countries are participating in the “Dynamic Mongoose” exercise. NATO will simulate detecting and attacking submarines in one of the most hostile seas, with rugged but shallow underwater canyons, rapid currents and unusually high sound pollution from freshwater pouring in from Norway’s fjords.

Apr 30, 2015

Writedown pushes Statoil into red, dividend maintained

OSLO, April 30 (Reuters) – Oil major Statoil swung
to a surprise first quarter net loss on a writedown in the value
of its U.S. shale business but its operating figures beat
forecasts and the firm pleased investors by maintaining its
dividend.

State-controlled Statoil, which operates in dozens of
countries from Canada to Africa, said it had cut its price
outlook for its U.S. business. It took about $6 billion in
impairments, felt the effects of plunging crude and gas prices
and enjoyed only a modest benefit from higher refining margins.

Apr 23, 2015

Betting on oil price recovery, Statoil snips where rivals slash

OSLO, April 23 (Reuters) – Norway’s Statoil is
cutting investments less than any other oil major this year,
positioning for a crude price recovery but taking a risk should
the slump be protracted.

By continuing to spend on projects that won’t start making
returns for a up to a decade, the state-controlled energy giant
hopes to sidestep the kind of boom-to-bust cycle often seen in
the oil sector. Crude oil prices halved last year.

Apr 8, 2015

Looking past commodities slump, Sweden moves a town for a mine

KIRUNA, Sweden, April 8 (Reuters) – Undaunted by falling
commodity prices, a Swedish company will start dismantling and
moving the historic Arctic town of Kiruna this month to make way
for the expansion of Europe’s biggest iron ore mine.

The northernmost town in Sweden, famed for its ice hotel and
a red wooden church that was voted the country’s most beautiful
building, is inhibiting the expansion of state-owned LKAB’s
mine, once the backbone of Scandinavia’s industrialisation.