The ECB, IMF & European Commission

Sunday, 10 April 2011 06:02

The ECB, IMF and the European Commission will be meeting this coming week to determine the exact details of Portugal’s bailout, Portugal is the third European nation to require a bailout since the global crisis occurred in mid 2009.

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ECB’s long awaited announcement is nearing

Thursday, 7 April 2011 11:26

The long anticipated announcement by the European Central Bank is due today at 11:45 GMT, as eager investors tune in to see ECB’s decision on raising the interest rates. Fairly confident that a raise is prominent, this will turn the European market upwards once again.

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Demand for Precious Metals Strengthens

Wednesday, 6 April 2011 04:55

Gold gains again in London and New York as investors bought the metal on concern that global interest-rate increases will reduce growth and of the back of that the dollar slumped against the euro.

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Portugals borrowing costs escalated dramatically

Wednesday, 6 April 2011 04:33

Portugal’s borrowing costs escalated dramatically at an auction of Euro 1.6bn worth of short-term bonds this morning

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Euroland

Thursday, 31 March 2011 11:54

Bank of Ireland slid 11% amid speculation the government may be forced to take a controlling stake following tomorrow’s stress tests. After European markets closed, it has been revealed that three of Ireland’s biggest banks may have to raise a combined 9 billion euros ($12.7 billion) in capital.

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