ECB reinstates waiver for use of Greek sovereign bonds as refinancing collateral

Jun 23, 2016 11:52 am UTC| Insights & Views Economy Central Banks

At a meeting in Frankfurt, the European Central Banks governing council reinstated the waiver that allows Greek sovereign bonds to be accepted as collateral for regular auctions of ECB cash, despite their junk rating. The...

South African economy continues to face headwinds; economy likely to stagnate in 2016

Jun 23, 2016 11:41 am UTC| Commentary Economy

At present, significant headwinds are being faced by the South African economy. The economy grew just 1.3 percent last year, while the outlook for this year has deteriorated further. The real GDP in the first quarter...

Colombia central bank raises policy rate for 10th straight month to curb inflation

Jun 23, 2016 11:40 am UTC| Central Banks Commentary Economy

Colombias central bank raised its monetary policy rate for the 10th straight month in a row, in a bid to curb inflation, reiterating its statement from May that it must ensure that the recent shocks to inflation remain...

S&P lends positive outlook to Indonesia, re-affirms Indonesia’s sovereign credit rating

Jun 23, 2016 11:10 am UTC| Economy Research & Analysis

The Standard Poors, a credit rating agency has affirmed the credit rating outlook for Indonesia at BB+, while lending a positive outlook to the country. However, the rating authority still left the economy one notch below...

Why progressives should rescue the TPP trade deal

Jun 23, 2016 10:33 am UTC| Insights & Views Economy

The Trans-Pacific Partnership (TPP) is under siege, with presidential candidates on both sides of the aisle voicing increasingly protectionist positions. As the general election gets into full swing this fall, the...

Climate Change Series

Trump's energy plan poses climate threat to U.S. economy

Jun 23, 2016 10:31 am UTC| Insights & Views Nature Economy

Last December in Paris, the nations of the world agreed to an ambitious goal for greenhouse gas emissions: to bring net emissions to zero in the second half of this century. Their objective: to limit global warming to 1.5...

Eurozone Markit flash manufacturing PMI inches higher in June

Jun 23, 2016 09:47 am UTC| Economy Commentary

Eurozones manufacturing sector bounced surprisingly in June on slight support from the global economy, but the counter political uncertainty in the entire euro area has sparked more of a disappointment, driving down...