![]() ![]() Legislation detailing dozens of actions - from liberalizing the Greek energy market to imposing stricter criteria for the protection of indebted homeowners - will need to be approved to unlock a fresh €2B loan installment from the country's third bailout. Greece's new government faces a major test this week when a barrage of economic reforms and austerity measures demanded by international creditors need to be voted on to become law. The downgrade comes after secessionist candidates won a majority of seats, and just under 48% of the popular vote, during a September parliamentary election cast as a referendum on independence. "Risk that Catalonia’s smooth coordination with the central government to service the region's debt might be compromised," the ratings agency declared. Standard & Poor's has cut its ratings on Catalonia by one notch to BB-, saying it expects increasing political tension following last month's regional elections. A referendum on membership will likely take place by the end of 2017. ![]() Cameron is reportedly seeking a deal on four points, including explicit pledges on the status of the pound and London's financial district. 22), where the central bank will decide whether to boost its €1.1T ($1.2T) bond-buying plan.īritain's David Cameron urged Germany's Angela Merkel on Friday to help keep his country in the EU, amid concerns that many hedge fund chiefs will throw their financial muscle behind the "Brexit" campaign. The news comes ahead of the ECB's next monetary-policy meeting in Malta ( Oct. While "it presently appears that it will take somewhat longer than previously anticipated for inflation to come back to.levels that we consider sufficiently close to 2%," that is largely because of lower oil prices, he added. "We are satisfied with QE, as it has met and even surpassed our initial expectations," ECB president Mario Draghi said in an interview on Saturday. Groups in Europe are taking issue with TTIP's lack of transparency and the potential impact on labor and safety. The broad trade accord is seen as picking up momentum following last week's Trans-Pacific Partnership deal, along with some gentle nudging from large multinationals. The yellow metal gained as much as 0.9% to $1,166.80 an ounce, the highest since August 24, following a 1.6% advance in the previous session.Ī demonstration in Berlin on Saturday involved hundreds of thousands of protesters against the Transatlantic Trade and Investment Partnership being negotiated between the U.S and EU. "Markets are continuing to price in doubt about a Fed rate hike in December despite Vice Chairman Fischer's weekend comments," said Ric Spooner, chief analyst at CMC Markets. Gold climbed to a seven-week high today bolstered by a weaker dollar and continuing expectations the Fed won't hike interest rates in 2015. economic outlook, including the drag on exports from slowing global growth, low investment caused by the decline in oil prices and the recent "disappointing" drop in U.S. "Considerable uncertainties" still surround the U.S. Federal Reserve policymakers are still likely to raise interest rates this year but that is "an expectation, not a commitment", Fed Vice Chairman Stanley Fischer said at an IMF meeting in Peru. What will happen to EMC's 80% stake in VMWare (NYSE: VMW)? We will soon see. ![]() The "go-shop" provision, is a preventive move to avoid a public confrontation with Elliott Management, the activist investor that has a significant stake in the company. However, as part of the deal, EMC will have up to 60 days to solicit bids from other potential suitors, Reuters reports. ![]() Dell will soon announce the biggest pure tech tie-up in history after the privately run PC maker agreed to acquire data storage firm EMC (NYSE: EMC) for more than $53B. ![]()
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