Archive for the ‘Banking’ Category

Five options if UK rejects May deal, Balancing the roles of the ECB

Five options if UK rejects May deal, Balancing the roles of the ECB
UK PM Theresa May – Commentary: Five options if UK rejects May deal By Charles Grant in London UK Prime Minister Theresa May has clinched her deal with the European Union and persuaded most of her cabinet to support it. But after EU leaders sign off the deal at a summit on 25 November, May has...
November 19th, 2018 | Banking, Comment, European Union, Finance, Insight, News, Organisations, Politics and Government | Read More

HSH Nordbank: Privatisation marks nine-month results

HSH Nordbank: Privatisation marks nine-month results
Stefan Ermisch Nine-month Group net income before taxes of € 8 (previous year: 201) million Guarantee brings negative impact of € -188 million – including cash settlement for early termination Administrative expenses reduced by 13% to € -319 million CET1-ratio consolidated at a good level...
November 16th, 2018 | Banking, Finance, Reports, Shipfinance | Read More

Renminbi’s global reserve share rising, US midterms podcast

Renminbi’s global reserve share rising, US midterms podcast
Commentary: Renminbi’s global reserve share rising By Gary Smith in London Asset class diversification continues to be a key theme for central bank foreign exchange reserves managers. Despite a weaker renminbi/dollar rate this year, the Chinese currency has increased its share in global reserves,...
November 16th, 2018 | Banking, Comment, Markets | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, November 15 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, November 15 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: UK Prime Minister announced yesterday the Cabinet’s approval for the tentative agreement reached with EU27 on the terms of the Brexit divorce. This is expected to open the way for an extraordinary EU Council meeting in late November...
November 15th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

ECB on brink of egregious policy error, Islamic finance Bulletin

ECB on brink of egregious policy error, Islamic finance Bulletin
Commentary: ECB on brink of egregious policy error By Desmond Lachman in Washington ECB President Mario Draghi sees no need for the central bank to change course from its decision to withdraw monetary policy stimulus by concluding its bond-buying programme later this year. He does so despite growing...
November 15th, 2018 | Banking, Finance, News, Shipfinance | Read More

Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks

Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks
Nikolai Kolesnikov Senior EVP & CFO PAO Sovcomflot Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW IPEX-Bank GmbH, and Crédit Agricole...
November 14th, 2018 | Banking, LNG, Markets, News, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 14, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 14, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: According to press reports, the UK and EU negotiators reached an agreement on a technical level on the terms of the Brexit divorce. The UK cabinet will meet today at 14:00 GMT to decide whether to approve the draft text. In reaction...
November 14th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Zambia’s infrastructure habit, Super-fast politics podcast

Zambia’s infrastructure habit, Super-fast politics podcast
Commentary: Zambia’s infrastructure habit By Max Roch in London Infrastructure development in Zambia is a powerful tool for swaying public opinion. However, despite its importance to economic growth, it is contentious. Past projects are associated with high costs, opaque tender processes and rising...
November 14th, 2018 | Banking, Comment, Insight, Markets | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 13, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 13, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Major European bourses opened in positive territory today amid hopes for a de-escalation of trade frictions between the world’s two biggest economies. Meanwhile, Italy’s sovereign paper remained under pressure with the 10-yr BTP/Bund...
November 13th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Doves waiting in Fed wings, Global trends in interest rates

Doves waiting in Fed wings, Global trends in interest rates
Commentary: Doves waiting in Fed wings By Darrell Delamaide in Washington The rotation of voting members of the Federal Open Market Committee after its December meeting will bring to the fore outspoken doves, James Bullard of the St. Louis Fed and Charles Evans of the Chicago Fed, to balance out incoming...
November 13th, 2018 | Banking, Conferences, Seminars, Forums, Finance, Markets | Read More

“Contained” losses with the BDI@1,125

“Contained” losses with the BDI@1,125
John Faraclas The BDI (Baltic Dry Index) lost 22 points earlier on today as all indices except the Panamaxes fell. Geopolitics more than perplexed and bankruptcy ante portas “rules” the day. IMIF and Maritime London make a big splash with its 43rd Dinner; John Faraclas’ brief recap: The Capes lost...
November 12th, 2018 | Banking, Conferences, Seminars, Forums, Energy, Environment, Events, News, People and Places, Piracy and Terrorism, Ports & Terminals, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Monday, November 12, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, November 12, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The GBP was under pressure across the board on mounting worries over a non-timely Brexit deal. Meanwhile, mounting Brexit jitters and concerns about a further increase in tensions between Italy and the European Commission over Italy’s...
November 12th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Rising external deficit ‘made in USA’, In Conversation with Scott Morris

Rising external deficit ‘made in USA’, In Conversation with Scott Morris
Commentary: Rising external deficit ‘made in USA’ By Mark Sobel in Washington As US external deficits widen in response to relatively strong US economic performance and imbalanced macroeconomic policies, there is a considerable risk the Trump administration could amplify its protectionist...
November 12th, 2018 | Banking, Comment, Finance | Read More

Greece Macro Monitor – Focus Notes (Friday, November 9, 2018)

Greece Macro Monitor – Focus Notes (Friday, November 9, 2018)
Greece Macro Monitor – Focus Notes (Friday, November 9, 2018) Greece: January – September 2018 State Budget Execution & General Government Budget Arrears According to the final State Budget Execution data for January  – September 2018 the overall fiscal balance  registered a surplus...
November 9th, 2018 | Banking, Consumers Market, Finance, Markets, News, Reports, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Friday, November 9, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, November 9, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The Fed maintained the target range for the federal funds rate at 2.00% to 2.25% at yesterday’s monetary policy meeting, as was widely expected, and reiterated that “further gradual increases” will be consistent with its policy...
November 9th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

US midterms fulfil market expectations, Discussion with Mark Sobel on US economy policy

US midterms fulfil market expectations, Discussion with Mark Sobel on US economy policy
Commentary: US midterms fulfil market expectations By Elliot Hentov in London The results of the 6 November US midterm elections illustrate how President Donald Trump remains bound to historical norms around US voter preferences for shared power. That is the central insight from this result: the loss...
November 9th, 2018 | Banking, Comment, Finance, News | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, November 8, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, November 8, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Taking their lead from hefty gains in Wall Street indices overnight on market relief that US midterm elections did not deliver any political surprises, the majority of European equity markets were firmer in early trade today. Meanwhile,...
November 8th, 2018 | Banking, Finance, Markets, Shipfinance, Statistics, Stock Markets | Read More

Merkel can help Christian Democrats, OMFIF-IBM digital currencies report

Merkel can help Christian Democrats, OMFIF-IBM digital currencies report
. Commentary: Merkel can help Christian Democrats By Michael Stürmer and David Marsh in Berlin German Chancellor Angela Merkel bequeaths a political legacy that leaves leadership of Europe’s most powerful economy in less than wholly secure hands. The result of her manoeuvring is a country with...
November 8th, 2018 | Banking, Markets, News, Politics and Government | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 7, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 7, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The midterm US elections held yesterday resulted in a divided Congress, in line with market expectations. Republicans are set to increase their majority in the Senate while Democrats appear headed to gain more than 30 seats in the House...
November 7th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

China cooling spreads beyond borders, Cyber resilience and financial stability

China cooling spreads beyond borders, Cyber resilience and financial stability
Commentary: China cooling spreads beyond borders By Steve Hanke in Baltimore The Shanghai Composite Index tumbled by more than 9% in October, and has shed 25% for the year. To determine the probability of a cool down, one must look at the money supply, broadly measured. The relationship between the growth...
November 7th, 2018 | Banking, Comment, Events, Markets, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 6, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 6, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Awaiting the outcome of today’s US midterm elections (expected from 23:00GMT),  the 10-yr UST yield was hovering around 3.20% in European trade at the time of writing, not far from this year’s peak of 3.26% recorded in early October...
November 6th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

The BDI@1,428: remember remember remember the 5th of November

The BDI@1,428: remember remember remember the 5th of November
John Faraclas The BDI (Baltic Dry Index) lost 29 points and now stands at 1,428… Geopolitics in jeopardy as the banking system needs trillions of US Dollars …just to breath. John Faraclas’ brief recap: The volatile Capes lost the 2,500 points threshold with a small bang by losing 105 point;...
November 5th, 2018 | Banking, Chartering, Events, Conferences,Forums and Symposiums, Exhibitions, Finance, Markets, Military, News, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Monday, November 5, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, November 5, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: US non-farm payrolls for the month of October surprised on the upside adding to the view for further gradual Fed rate hikes in the period ahead. In FX markets, the GBP extended its recent gains against both the USD and the EUR amid...
November 5th, 2018 | Banking, Finance, Markets, Reports, Statistics, Stock Markets | Read More

US faces twin deficit crisis, Roundtable with Donald Kohn

US faces twin deficit crisis, Roundtable with Donald Kohn
Commentary: US faces twin deficit crisis By Desmond Lachman in Washington The US trade deficit has widened steadily over the past two years, reaching a record high of almost $1tn annually. As a result of Washington’s expansive budget policy at this late stage in the economic cycle, analysts expect...
November 5th, 2018 | Banking, Comment, Conferences, Seminars, Forums, Country Profiles, Finance, Markets, Statistics, Stock Markets | Read More