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Michael Lewis: The Book That Will Save Banking From Itself
Thursday, May 5, 2016 - 2:26pm | 415Michael Lewis is perhaps most well-known for authoring the best-seller "Flash Boys: A Wall Street Revolt" and "Moneyball: The Art Of Winning An Unfair Game," among others. On Thursday, he penned an article on Bloomberg, in which he discussed one of his favorite memories from his professional career...
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Bank of England, European Central Bank Keep Rates On Hold as Markets React
Thursday, June 6, 2013 - 10:30am | 664The Bank of England and the European Central Bank both kept policy on hold this morning as Europe still reels from a third recession since 2007 and England's economy grows ever-so slowly. The European Central Bank also revised its growth and inflation forecasts for 2013 and 2014 in a sign that the...
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Central Banks in Focus on Thursday as BoE, ECB Take Center Stage
Wednesday, June 5, 2013 - 11:36am | 679Thursday brings two key interest rate decision from Europe, first the Bank of England followed by the European Central Bank. The decisions followed by the European Central Bank's updated economic forecasts should set the tone for early market action Thursday. Bank of England The Bank of England is...
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Benzinga Market Primer: Wednesday, May 15
Wednesday, May 15, 2013 - 6:45am | 1078Futures Lower on Weak European Growth Data U.S. equity futures traded lower in early pre-market trade following a weaker than expected GDP report from the eurozone for the first quarter. GDP growth rose to -0.2 percent on a quarterly basis from -0.6 percent but missed forecasts of a 0.1 percent...
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Benzinga Market Primer: Wednesday, April 17
Wednesday, April 17, 2013 - 6:45am | 1267Futures Lower on Weak U.K. Employment Data, Easing Fears U.S. equity futures declined in the pre-market following weaker than expected U.K. employment data which showed that the U.K. economy lost jobs unexpectedly in March. Also, fears over the massive global QE, specifically in the U.S. and Japan...
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Mervyn King Sends Sterling Lower; Inflation Risks Outweighed by Pro-Growth Policy
Wednesday, February 13, 2013 - 11:39am | 530Outgoing Bank of England Governor Mervyn King sent the pound lower against major pairs Wednesday following the publication of the Bank of England's Quarterly Inflation Report. The report and the ensuing press conference reiterated the Bank's stance to maintain loose policy, even as inflation...
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Benzinga Market Primer: Tuesday, February 12
Tuesday, February 12, 2013 - 7:34am | 1007Futures Lower Following North Korean Nuclear Test U.S. equity futures declined in overnight trade as many Asian markets remained closed as North Korean tested its third atomic bomb in defiance of the U.N. South Korean authorities registered a 4.9 magnitude earthquake in its northern counterpart,...
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Benzinga Market Primer, Thursday, December 6
Thursday, December 6, 2012 - 7:15am | 916Join Marketfy's Sang Lucci for a FREE webinar today at 4:15 pm EST to discuss different ways to successfully trade Options & large cap equities in the midst of consistent interruptions via Fiscal Cliff news. Seats are limited, sign up now! Futures Rise on Budget Deal Hopes U.S. equity futures...
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Previewing This Week's Central Bank Decisions
Monday, December 3, 2012 - 11:25am | 548This week, five key central banks are expected to release their updated interest rate decisions and comment on the state of both domestic economies. The European Central Bank and the Bank of England should steal the headlines and attract the most attention, however the Reserve Bank of Australia,...
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Benzinga Market Primer, Tuesday November 27
Tuesday, November 27, 2012 - 7:23am | 911Futures Flat on Greek Deal U.S. equity futures were flat in early Tuesday trade as the Troika of lenders reached an agreement to disburse Greece's latest bailout tranches and give the nation more time to repay its bailout loans. Ministers agreed to cut the interest rate Greece has to pay on its...
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Standard Chartered May Face $700 Million in Fines
Wednesday, August 8, 2012 - 3:45pm | 409Reports Wednesday showed that Standard Chartered Bank may face up to $700 million in fines from a New York banking regulator. The news comes just days after it was revealed that the New York banking regulator was investigating the British Bank for funneling transactions into Iran, breaking new U.S...
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Bank of England Cuts Growth Forecast in Quarterly Inflation Report
Wednesday, August 8, 2012 - 11:59am | 328The Bank of England slashed its growth forecast for the United Kingdom and hinted at further easing policies Wednesday in the Quarterly Inflation Report . The Bank cuts its GDP forecast and kept a prior inflation forecast on hold as the U.K. slips deeper into recession. In its forecast, the Bank...
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European Central Bank, Bank of England Hold Firm on Policy
Thursday, August 2, 2012 - 9:23am | 425Central banks in Europe stood firm on policy Thursday following rate cuts at previous meetings. Both the European Central Bank and the Bank of England kept rates firm and neither decided to launch any new non-traditional policies. The Bank of England kept rates on hold and kept its quantitative...
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Benzinga Market Primer, Thursday August 2
Thursday, August 2, 2012 - 6:46am | 681U.S. equity futures rose ahead of the interest rate decisions from both the Bank of England and the European Central Bank. Also, the People's Bank of China reported that it has not cut rates this month as some had expected. Recall that before the previous two Bank of England decisions, China had...
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How to Profit from the UK's 30-Month High Inflation of 4.5% (FXB)
Tuesday, May 17, 2011 - 7:23am | 319Prices climbed higher than expected in the United Kingdom during the month of April, with the Office for National Statistics reporting that inflation rose 4.5% at an annual rate. The 4.5% inflation figure was higher than the 4.2% forecast by economists and well above the previous month's 4% rise...