Economics Europe >>>
Freescale Semiconductor will evaluate whether to reprice a term loan when the cost of doing so drops in September and may refinance bonds next year as it seeks to further cut interest costs, said Treasurer Steve Goel. Click HERE for more.
China’s bloated financial sector has become a major risk for the global economy. A surge in credit, running almost unchecked from 2009 through 2013, has left banks overextended. Compounding the problem, a thinly capitalized and lightly regulated shadow banking industry accounts for a growing share of lending. China’s leaders Xi Jinping and Li Keqiang face [...]
WHAT TO WATCH: Germany’s Ifo business climate index may have declined for the first time in five months. Click here to view the entire article.
WHAT TO WATCH: Janet Yellen said the Federal Reserve wasn’t altering policy, while investors seized on an increase in the Fed’s own interest-rate forecasts and Yellen’s comment that the borrowing costs could rise “six months” after bond buying stops. Click here to view the entire article.
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WHAT TO WATCH: Russia recognized Crimea as an independent state, while Western leaders warned of further sanctions if Russian forces move deeper into Ukraine. Click here to view the entire article.
Germany’s trade balance, 7 a.m. Euro-area ministers meet again today to discuss the Single Resolution Mechanism. Click here to view the entire article.
European Union leaders will hold an emergency summit on Ukraine in Brussels, 10:30 a.m. The Bank of England will probably hold its policy rate at 0.5 percent and keep bond purchases at 375 billion pounds, according to all economists in a Bloomberg survey, 12 p.m. Click here to view the article.
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