Zero-based budgeting: everything old is new again

Nov 23, 2015 13:14 pm UTC| Insights & Views

Cynthia Firey Eakin, Associate Professor of Accounting, University of the Pacific If Im elected president… Im going to institute zero-based budgeting, which assesses every program every year, and eliminates those...

Iran and Venezuela mounting more pressure on crude’s bearish trend

Nov 23, 2015 12:08 pm UTC| Insights & Views

Oil prices are beginning the new week of trading with significant losses. Brent has fallen by 2% to $43.7 per barrel, while WTI has even shed more than 3% to reach $40.6 per barrel. Thus the rise in the WTI price following...

Currency War Series

Hawkish Liikanen turns dovish ahead of ECB December meeting

Nov 23, 2015 11:07 am UTC| Insights & Views Central Banks

European Central Banks (ECB), governing council member and Governor of Finnish Central Bank Erkki Liikanen seem to have transformed himself as a dove heading into much awaited December meeting next week. Finnish...

Currency War Series

Watch out for FED’s mysterious closed door meeting today

Nov 23, 2015 10:34 am UTC| Insights & Views Central Banks

US Federal Reserve all out of the blue announced a closed door meeting under expedited procedure at boards office in Washington to be held today at 11:30 am Eastern Standard Time (EST). No major details are provided...

Europe Fallout Series

Brussels in lock-down amid terrorist tension

Nov 23, 2015 09:54 am UTC| Insights & Views

City of Brussels, Belgium is under lock-down for third consecutive day, due to imminent terror threats. Friday, Belgian Prime Minister Charles Michel, ordered a lock down, clsing schools, colleges, public gathering, music...

Euro zone growing but slower than the pace of U.S and Asia – hedge fund assets reduce by 2%

Nov 23, 2015 08:39 am UTC| Insights & Views

The European industry continued to climb in H1 2015 - albeit more slowly than in the US or Asia - despite renewed Euro zone pressures and a wary attitude towards Europe by US and global investors. Assets in European...

USD libor reaches highest in 38 months

Nov 23, 2015 07:31 am UTC| Insights & Views

Rate hike expectation are now firmer than ever as Dollar denominated rates are clearly on the rise and at quite a fast pace. Libor or the London interbank offered rate, has reached highest level, since September...