European Central Bank correspondent, Frankfurt
Marc's Feed
May 1, 2015

Ratings agencies say no default if Greece misses ECB, IMF payments

LONDON (Reuters) – Most top credit rating agencies say they would not cut Greece’s rating to default if it misses a payment to the International Monetary Fund or European Central Bank, a stance that could keep vital ECB funding flowing into the financial system.

Greece owes nearly 1 billion euros to the IMF in May and almost 7 billion euros to the ECB over July and August and there are concerns that the government, stuck in funding talks with official lenders, will miss the payments.

Apr 30, 2015

Interview: Ex-U.N. nuclear chief Blix cautious on Iran deal hopes

LONDON (Reuters) – Hans Blix, former chief of the UN nuclear watchdog, said he was cautious about the chances of a final deal being clinched between Iran and major world powers aimed at reining in Tehran’s nuclear programme.

Following more than a decade of brinkmanship, eight days of marathon talks in Lausanne this month ended with an outline deal to scale back Iran’s programme for at least a decade.

Apr 30, 2015

Ex-U.N. nuclear chief Blix cautious on Iran deal hopes

LONDON (Reuters) – Hans Blix, former chief of the UN nuclear watchdog, said he was cautious about the chances of a final deal being clinched between Iran and major world powers aimed at reining in Tehran’s nuclear program.

Following more than a decade of brinkmanship, eight days of marathon talks in Lausanne this month ended with an outline deal to scale back Iran’s program for at least a decade.

Apr 30, 2015

U.S. data, Fed caution keep pressure on world stocks, dollar

LONDON (Reuters) – World stock markets and the dollar remained in a sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve.

Asian and European stocks continued a two-day decline for equity markets worldwide with Europe’s FTSEurofirst 300 down 0.8 percent and heading for its worst week of the year.

Apr 30, 2015

U.S. data, Fed caution keep pressure on stocks, dollar

LONDON (Reuters) – World stock markets and the dollar remained in a sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve.

Asian and European stocks continued a two-day decline for equity markets worldwide with Europe’s FTSEurofirst 300 down 0.8 percent and heading for its worst week of the year. [.EU]

Apr 29, 2015

EBRD to backload Ukraine money this year, cautious on Russia, Greece

LONDON, April 29 (Reuters) – The European Bank for
Reconstruction and Development will “backload” its spending in
Ukraine this year, its president said on Wednesday, and probably
would not resume lending to Russia any time soon.

Speaking before the bank’s annual meeting in Georgia next
month, EBRD President Suma Chakrabarti said the conflict between
Russia and Ukraine, historically two of its biggest investment
destinations, remained a key challenge.

Apr 29, 2015

G7 says Chernobyl shelter to be completed by Nov 2017

LONDON, April 29 (Reuters) – The world’s leading powers said
on Wednesday a protective cover over the collapsed Chernobyl
nuclear power plant would be completed by November 2017,
although they were still short of funds to finish the project.

German Environment Minister Jochen Flasbarth said a meeting
of the Group of Seven major economies had secured “concrete
pledges” for 530 million euros ($590 million) of the remaining
650 million euros needed to complete the ‘sarcophagus’.

Apr 28, 2015

Global stocks cool, dollar slides ahead of Fed

LONDON (Reuters) – World shares slipped from record highs on Tuesday as surging Chinese stocks took a breather and investors began to move to the sidelines before the Federal Reserve’s policy meeting.

The dollar also weakened and Wall Street was expected to open lower, with more macro data and company earnings set to give the Fed its latest look at the U.S. economy.

Apr 28, 2015

World stocks cool ahead of Fed, pound skids on disappointing GDP

LONDON (Reuters) – World shares shuffled away from all-time highs on Tuesday as surging Chinese stocks took a breather and investors began to retreat to the sidelines ahead of the Federal Reserve’s policy meeting.

European bourses and the euro also dipped in early trading after both had been boosted on Monday by a revamp of Greece’s negotiating team, while the pound tumbled on weak UK growth figures just ahead of next week’s tightly contested national election.

Apr 28, 2015

Stocks cool ahead of Fed, pound skids on disappointing GDP

LONDON (Reuters) – World shares shuffled away from all-time highs on Tuesday as surging Chinese stocks took a breather and investors began to retreat to the sidelines ahead of the Federal Reserve’s policy meeting.

European bourses and the euro also dipped in early trading after both had been boosted on Monday by a revamp of Greece’s negotiating team, while the pound tumbled on weak UK growth figures just ahead of next week’s tightly contested national election.