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Tuesday, January 27, 2015
The euro briefly sank to a new 11-year low against the dollar in early Asian trade Monday after anti-austerity party Syriza swept to victory in Greece's general elections.
Friday, January 23, 2015
ECB deploys quantitative easing against deflation
The European Central Bank (ECB) on Thursday unveiled plans for a massive program of bond purchases to avert the threat of deflation in the euro area.
Thursday, January 22, 2015
Deflation fears in the eurozone are “totally exaggerated” and being used as a pretext to push through new controversial measures, the ECB's former chief economist said in a newspaper interview Wednesday.
Switzerland's luxury watchmakers are considering raising prices on their timepieces in the eurozone by up to seven percent due to the ballooning franc, but they are in no rush, industry insiders hinted Tuesday.
Wednesday, January 21, 2015
Investment sentiment in Germany hit an 11-month high this month on hopes the European Central Bank (ECB) is about to roll out its heavy anti-deflation artillery, analysts said on Tuesday.
Europe's battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key ECB survey showed on Tuesday.
Franc surge casts shadow on Geneva's luxury watch show
Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value.
Tuesday, January 20, 2015
The German central bank or Bundesbank said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year.
Net capital outflows from Russia more than doubled in 2014 to US$151.5 billion, prompted by the Ukraine crisis and the plunging value of the ruble, according to statistics from the central bank.
Peter Wallenberg, head of the influential Swedish business family Wallenberg, has died at age 88, his family said Monday. Peter Wallenberg belonged to the fourth generation of the family, which has been closely linked to several blue chip companies in Sweden's present and past.
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