Financial News

Austrias bank troubles will have euro-zone repercussions

Heta Asset Resolution is a "bad bank" created to wind down the assets of the nationalised Hypo Alpe-Adria Bank International (HAA). But it was thrown into disarray last month after an audit pointed to an impairment of Heta's assets and the need for extra financing of €4bn to €7.6bn.

Read more ...

Upbeat job market will continue to support U.S. housing recovery

After a winter in the doldrums, the housing market is showing signs of life. Sales of existing homes surged 6.1 percent to a 5.19 million annual rate in March, the quickest pace in 18 months.

Read more ...

US oil production continues to fall

EIA's weekly US Petroleum Report, released earlier today, shows that stocks of oil rose again last week. However, the amount of crude oil in commercial storage tanks increased by a modest 5.3 million barrels to 489.0 million.

Read more ...

U.S. homebuyers are coming out of hibernation

U.S. existing home sales doubled expectations in March, jumping 6.1% to 5.19 mln units annualized, the largest % increase since December 2010 and the highest since September 2013 (or 1½ years).

Read more ...

SNB adds pressure on the CHF

The SNB reduced the group of sight deposit account holders that are exempt from negative interest rates in an attempt to increase to effectiveness of the negative interest rate policy as a meaningful disincentive to hold Swiss deposits.

Read more ...
We Accept: Visa Card Payment Master Card Payment Skrill Payment Bank Wire Payment