Weekly Global Financial News April 7-April 13

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ECB says will prime QE, but far from pulling trigger yet, By Reuters, Published: April 7
http://reut.rs/1ec2gP8
The European Central Bank will be prepared for monetary easing policy, so called quantitative easing, to deal with low inflation but the implementation is still a long way as they don’t see immediate need for.

U.S. warns China over currency depreciation, By Reuters, Published: April 8
http://reut.rs/QZHoQY
The United States warned China that the recent currency weakness could raise serious concerns if it signals a change in China’s policy from allowing market-determined exchanged rate. Washington has been pressuring China for years as a weaker yuan makes Chinese consumers less able to buy foreign goods.

BOJ’s Kuroda Dismisses Possibility of Imminent Action, By Wall Street Journal, Published: April 8
http://on.wsj.com/1eCfYW3
Bank of Japan Gov, Haruhiko Kuroda made it clear that further easing measures would not be taken, dismissing speculation over the higher tax. He stressed that different from the previous tax increase in 1997, the economy has been steadily moving toward the price stability target and growth will recover afterward.

Basel eases bank capital rule for derivatives clearing, By Reuters, Published: April 10
http://reut.rs/OZw853
The Basel Committee of banking supervisors eased the rule on the capital amount that banks must hold to cover trading positions at clearing houses from 2017. The decision was made to lighten the burden for banks to lend as concerns over financial stability have been mitigated.

Greek Bond Sale Tops $4 Billion in Return to Markets, By Bloomberg, Published: April 11
http://bloom.bg/1igsOxO
Greece made a landmark come back to international markets with a bond sale of 3 billion euros ($4.2 billion), showing encouraging signs of recovery.

 

 

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