Thursday, April 14, 2011

flight of deposits euro 2011

flight of deposits euro 2011 : The Swiss franc rallied across the board on Monday as the uncertainties surrounding the global economy dampened demands for higher yields, while the New Zealand dollar pared the sharp rally from Friday, with the exchange rate falling back to 0.7363.

Bank of Ireland, Allied Irish May Show Halt in Cash Flight
Bank of Ireland Plc and Allied Irish Banks Plc (ALBK), the republic’s two largest banks, will this week show if regulators are succeeding in staunching the outflow of deposits triggered by the country’s financial crisis.Read More...

Quarterly earning estimates
Advanced economies saw gradual recovery in the economy driven by QE2 and loose monetary policy in EURO zone, whereas emerging economies including India were grappling with inflation and continuous tightening of monetary policy. Crude oil prices increased from $95 per barrel to $115 per barrel (an increase 21% Q-O-Q), putting pressure on India’s import bill, current account deficit and fiscal deficit. Read More...

Opinions divided as to outcome of bank bail-out
The Irish bank bailout now totals around euro 70bn but analysts are divided about what it all means for Ireland, the eurozone and other big lenders to Ireland like the UK, writes John Lappin. Read More...

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