Doing it for the kids: foreign parents snap up London properties

November 26, 2013

Investors wanting London’s booming housing market for their portfolios and the city’s universities for their children are killing two birds with one stone.

And more from the ECB…

By Mike Peacock
November 22, 2013

The bombardment of European Central Bank interventions continues today. ECB chief Mario Draghi addresses the European Banking Congress in Frankfurt and any number of his colleagues break cover elsewhere.

ECB cacophony

By Mike Peacock
November 21, 2013

A round of European Central Bank policymakers speeches this week can be boiled down to this. All options, including money-printing, are on the table but it will be incredibly hard to get it past ECB hardliners and neither camp sees a real threat of deflation yet.

France, Italy compare notes

By Mike Peacock
November 20, 2013

French President Francois Hollande is in Rome for talk with Italy’s Enrico Letta. Both have a lot on their minds.

ECB quandary

By Mike Peacock
November 19, 2013

Another round of European Central Bank speakers will command attention today with disappearing inflation fuelling talk of further extraordinary policy moves.

Italian shuffle

By Mike Peacock
November 18, 2013

The decision by one of Silvio Berlusconi’s key allies to break from his party and back Prime Minister Enrico Letta’s fragile coalition appears to have shored up the Italian government with a final vote on expelling the media magnate from public life looming large.

Taking the union out of banking union?

By Mike Peacock
November 15, 2013

Today’s meeting of EU finance ministers will grapple with banking union and next year’s stress tests though with no German government in place, a leap forward is unlikely.

What is France to do?

By Mike Peacock
November 14, 2013

It’s euro zone third quarter GDP day and Germany and France are already out of the traps with the latter’s economy contracting by 0.1 percent, snuffing out a 0.5 percent rebound in the second quarter. Growth of 0.1 percent was forecast, not just by bank economists but by the Bank of France too.

Brussels looks warily at German surplus

By Mike Peacock
November 13, 2013

Barring a last minute change of heart, the European Commission will launch an investigation into whether Germany’s giant trade surplus is fuelling economic imbalances, a charge laid squarely by the U.S. Treasury but vehemently rejected by Berlin.

French travails

By Mike Peacock
November 12, 2013

The Bank of France’s monthly report forecasts growth of 0.4 percent in the last three months of the year, up from an anaemic 0.1 percent in the third quarter. That still makes for a fairly doleful 2013 as a whole.