ECB’s Praet plays down dovish tone on monetary policy; says ‘premature’ to signal rate hike path

The euro dropped to $1.121 on Tuesday morning, after the ECB’s chief economist Peter Praet told a conference in London Tuesday that a significant monetary policy stimulus is still needed. Speaking to CNBC, immediately after, Praet said: “I don’t think it is new, actually. We always communicate that to reach this inflation path, close to 2 percent in the medium-term, we need a substantial degree of monetary accommodation.” Praet, in his keynote address at the UBS European Conference, earlier on T


The euro dropped to $1.121 on Tuesday morning, after the ECB’s chief economist Peter Praet told a conference in London Tuesday that a significant monetary policy stimulus is still needed. Speaking to CNBC, immediately after, Praet said: “I don’t think it is new, actually. We always communicate that to reach this inflation path, close to 2 percent in the medium-term, we need a substantial degree of monetary accommodation.” Praet, in his keynote address at the UBS European Conference, earlier on T
ECB’s Praet plays down dovish tone on monetary policy; says ‘premature’ to signal rate hike path Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: silvia amaro
Keywords: news, cnbc, companies, needed, significant, substantial, told, plays, hike, premature, tone, signal, policy, praet, monetary, support, stimulus, path, rate, euro


ECB's Praet plays down dovish tone on monetary policy; says 'premature' to signal rate hike path

ECB’s Praet on ending the asset purchase programme and the bank’s next moves 4 Hours Ago | 02:18

The chief economist of the European Central Bank played down his previous remarks that a substantial level of monetary policy is still needed in the euro area, after those comments sent the euro to a session low on Tuesday.

The euro dropped to $1.121 on Tuesday morning, after the ECB’s chief economist Peter Praet told a conference in London Tuesday that a significant monetary policy stimulus is still needed.

Speaking to CNBC, immediately after, Praet said: “I don’t think it is new, actually. We always communicate that to reach this inflation path, close to 2 percent in the medium-term, we need a substantial degree of monetary accommodation.”

“When we announced that we anticipate to end the asset purchase program at the end of this year, we said that we still needed a substantial degree of accommodation to support the base scenario,” Praet also told CNBC’s Joumanna Bercetche on Tuesday.

Praet, in his keynote address at the UBS European Conference, earlier on Tuesday, said central banks across the world have already tightened their monetary policy stance and unconventional policies have been wound down as well as policy rates have been “gradually increased.”

He, however, noted that in the euro area “significant monetary policy stimulus is still needed to support the further build-up of inflationary pressures and headline inflation developments over the medium term.”


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: silvia amaro
Keywords: news, cnbc, companies, needed, significant, substantial, told, plays, hike, premature, tone, signal, policy, praet, monetary, support, stimulus, path, rate, euro


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New Zealand central bank shifts to neutral tone and warns of growth risks

New Zealand’s central bank struck a neutral tone as it marked two full years of steady policy on Thursday, saying its next move would depend on how the economy fared and cautioned of downside risks to growth from global trade frictions. As widely expected, the Reserve Bank of New Zealand kept the official cash rate (OCR) at 1.75 percent, where it has remained since late 2016, and reiterated it expected to hold rates into 2020. The central bank removed a line from its previous statements that its


New Zealand’s central bank struck a neutral tone as it marked two full years of steady policy on Thursday, saying its next move would depend on how the economy fared and cautioned of downside risks to growth from global trade frictions. As widely expected, the Reserve Bank of New Zealand kept the official cash rate (OCR) at 1.75 percent, where it has remained since late 2016, and reiterated it expected to hold rates into 2020. The central bank removed a line from its previous statements that its
New Zealand central bank shifts to neutral tone and warns of growth risks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: mark coote, bloomberg, getty images
Keywords: news, cnbc, companies, global, zealand, economic, tone, risks, neutral, growth, central, bank, ocr, cut, shifts, warns, trade, rate, inflation


New Zealand central bank shifts to neutral tone and warns of growth risks

New Zealand’s central bank struck a neutral tone as it marked two full years of steady policy on Thursday, saying its next move would depend on how the economy fared and cautioned of downside risks to growth from global trade frictions.

The New Zealand dollar rallied briefly and bonds sold off as the markets priced out any chance of a near term rate cut and instead focused on when New Zealand would join some of its global counterparts in raising rates.

As widely expected, the Reserve Bank of New Zealand kept the official cash rate (OCR) at 1.75 percent, where it has remained since late 2016, and reiterated it expected to hold rates into 2020.

“The timing and direction of any future OCR move remains data dependent,” Governor Adrian Orr said in a statement, and in a press conference later in the day he refused to rule out a rate cut if economic conditions deteriorated.

The central bank removed a line from its previous statements that its next rate move could be either up or down, but noted both upside and downside risks remained to growth and inflation projections.

“We don’t agree that the RBNZ needs to maintain the fence-sitting dual approach to policy,” said Citibank economist Paul Brennan.

“While our own forecasts show a near-term moderation in GDP growth, we expect CPI inflation to exceed the RBNZ’s latest forecasts and maintain the view that the OCR will need to rise from Q3 next year.”

A run of stellar economic data including a surprise drop in third-quarter jobless rate to 10-year lows, better-than-expected growth and inflation numbers over recent months, has given the RBNZ some breathing room.

However, Orr pointed to temporary factors for the pick-up in second-quarter economic growth and cautioned of headwinds to growth.

“Weak business sentiment could weigh on growth for longer. Trade tensions remain in some major economies, raising the risk that trade barriers increase and undermine global growth.”

The New Zealand dollar hit a fresh three-month high of $0.6820 immediately after the rate decision but quickly retreated from those levels to last hover around $0.6785.

Government bonds were sold off for a second straight day as investors priced out the risk of a cut with yields on the long-end of the curve up about 5 basis points.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: mark coote, bloomberg, getty images
Keywords: news, cnbc, companies, global, zealand, economic, tone, risks, neutral, growth, central, bank, ocr, cut, shifts, warns, trade, rate, inflation


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Trump adopts a ‘nicer’ tone at campaign rally after pipe bomb attacks

President Donald Trump sought to strike a gentler, more positive tone at a campaign rally Wednesday, just hours after authorities intercepted at least seven pipe bombs intended for Trump’s political rivals. Trump began his rally in Mosinee, Wisconsin by decrying the assassination attempts, calling them “an attack on our democracy itself.” Those that are engaged in the political arena must stop treating political opponents as being morally defective.” The media also “has a responsibility to do mo


President Donald Trump sought to strike a gentler, more positive tone at a campaign rally Wednesday, just hours after authorities intercepted at least seven pipe bombs intended for Trump’s political rivals. Trump began his rally in Mosinee, Wisconsin by decrying the assassination attempts, calling them “an attack on our democracy itself.” Those that are engaged in the political arena must stop treating political opponents as being morally defective.” The media also “has a responsibility to do mo
Trump adopts a ‘nicer’ tone at campaign rally after pipe bomb attacks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: christina wilkie, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, nicer, pipe, campaign, crowd, stop, bomb, attacks, adopts, trying, president, false, tone, trumps, wisconsin, trump, rally, political


Trump adopts a 'nicer' tone at campaign rally after pipe bomb attacks

President Donald Trump sought to strike a gentler, more positive tone at a campaign rally Wednesday, just hours after authorities intercepted at least seven pipe bombs intended for Trump’s political rivals.

The bombs were mailed to former President Barack Obama, former Democratic presidential nominee Hillary Clinton, former CIA director John Brennan, and Rep. Maxine Waters, D-Calif., among others.

Trump began his rally in Mosinee, Wisconsin by decrying the assassination attempts, calling them “an attack on our democracy itself.”

“Such conduct must be fiercely opposed and prosecuted,” Trump said. “There is one way to settle our disagreements, it’s called peacefully, at the ballot box.”

The president was visiting the state, which he won in 2016, in the hopes of boosting support for several Republican candidates who are locked in tight races.

“We want all sides to come together in peace and harmony — we can do it, we can do it. We can do it, it’ll happen,” Trump told the crowd. “There’s much we can do to bring our nation together. Those that are engaged in the political arena must stop treating political opponents as being morally defective.”

“Destructive arguments and disagreements have to stop. No one should carelessly compare political opponents to historical villains, which is done often,” Trump continued. “We’ve got to stop. We should not mob people in public spaces or destroy public property.”

The media also “has a responsibility to do more to set a civil tone,” Trump said, “and to stop the endless hostility and constant, negative, and oftentimes false, attacks and stories. Have to do it. They’ve got to stop.”

Several times during his speech, Trump told the crowd he was “trying to be nice” in light of the assassination attempts on his political rivals.

Indeed, the difference was striking, and the crowd responded in-kind to Trump’s subdued tone.

Several of the attack lines Trump has used during recent campaign rallies were missing from his remarks on Wednesday night, including his false claim that undocumented aliens are trying to vote in the midterm elections, and that Democrats want to destroy the nation’s communities and families.

Yet even as Trump sought to play down his hyper-incendiary tone, he still held fast to several of his most well-worn, and false, claims.

“Liberal Tammy Baldwin wants socialist health care,” Trump falsely claimed about the Wisconsin Democratic senator who is up for reelection this cycle.

“I’m trying to say that very nicely,” Trump added. “Normally I would scream ‘socialist takeover!’ But I’m trying to be nice.”


Company: cnbc, Activity: cnbc, Date: 2018-10-25  Authors: christina wilkie, nicholas kamm, afp, getty images
Keywords: news, cnbc, companies, nicer, pipe, campaign, crowd, stop, bomb, attacks, adopts, trying, president, false, tone, trumps, wisconsin, trump, rally, political


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It’s not just Italy — France’s 2019 budget is also a concern for Brussels

In the case of France, the 2019 budget plan sees its structural deficit (the difference between spending and revenues, excluding one-off items) falling 0.1 percent this year and 0.3 percent in 2019. Though the tone of the warning from Brussels to Paris was softer than the tone towards Rome, the two countries have perhaps more similarities than differences. Italy has also been criticized for having very upbeat economic forecasts in its 2019 budget plan. Data from the European statistics agency, E


In the case of France, the 2019 budget plan sees its structural deficit (the difference between spending and revenues, excluding one-off items) falling 0.1 percent this year and 0.3 percent in 2019. Though the tone of the warning from Brussels to Paris was softer than the tone towards Rome, the two countries have perhaps more similarities than differences. Italy has also been criticized for having very upbeat economic forecasts in its 2019 budget plan. Data from the European statistics agency, E
It’s not just Italy — France’s 2019 budget is also a concern for Brussels Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-24  Authors: silvia amaro
Keywords: news, cnbc, companies, frances, france, european, 2019, concern, tone, paris, told, italy, warning, budget, brussels, spending, surplus


It's not just Italy — France's 2019 budget is also a concern for Brussels

Markets have been on the edge regarding Italy’s future spending, but there are other countries challenging European fiscal rules.

France, the second-largest economy in Europe, received a letter from Brussels last week, warning that its planned debt reduction in 2019 does not respect the proposals that Paris had agreed previously with the EU. Spain, Belgium, Portugal and Slovenia were also effectively told off by the EU.

In the case of France, the 2019 budget plan sees its structural deficit (the difference between spending and revenues, excluding one-off items) falling 0.1 percent this year and 0.3 percent in 2019. Paris had agreed in April to an annual reduction of 0.6 percent of GDP (gross domestic product) for its structural deficit.

Though the tone of the warning from Brussels to Paris was softer than the tone towards Rome, the two countries have perhaps more similarities than differences.

The French 2019 budget “shows that the government relies heavily on very optimistic revenues to achieve fiscal consolidation and that spending is out of control again,” Daniel Lacalle, chief economist and investment officer at Tressis Gestion, told CNBC via email.

Italy has also been criticized for having very upbeat economic forecasts in its 2019 budget plan.

“In the case of France, it is a very difficult budget to accept by the European Commission because France has not had a balanced budget since 1974 and has missed its own deficit targets more than eleven times,” Lacalle added.

Data from the European statistics agency, Eurostat, shows that since it started collecting French data in 1978, France has never registered a budget surplus. Italy, which has provided data since 1995, has also never presented a budget surplus.


Company: cnbc, Activity: cnbc, Date: 2018-10-24  Authors: silvia amaro
Keywords: news, cnbc, companies, frances, france, european, 2019, concern, tone, paris, told, italy, warning, budget, brussels, spending, surplus


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Trump tone shifts on Khashoggi, raising prospect of sanctions on Saudi Arabia

Several top Republicans in Congress have called for swift sanctions on the longtime U.S. ally in retaliation for Khashoggi’s death. Turkish officials have reportedly identified 15 Saudi officials they believe carried out the extra-judicial killing, several of whom work directly for Crown Prince Mohammed bin Salman. “It will have to be very severe,” Trump told reporters at Andrews Air Force Base. Pompeo visited both Saudi Arabia and Turkey this week, but returned with few answers about what actua


Several top Republicans in Congress have called for swift sanctions on the longtime U.S. ally in retaliation for Khashoggi’s death. Turkish officials have reportedly identified 15 Saudi officials they believe carried out the extra-judicial killing, several of whom work directly for Crown Prince Mohammed bin Salman. “It will have to be very severe,” Trump told reporters at Andrews Air Force Base. Pompeo visited both Saudi Arabia and Turkey this week, but returned with few answers about what actua
Trump tone shifts on Khashoggi, raising prospect of sanctions on Saudi Arabia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: christina wilkie, jonathan ernst
Keywords: news, cnbc, companies, death, officials, raising, trump, tone, turkish, saudi, shifts, sanctions, prospect, told, arabia, congress, khashoggi, khashoggis


Trump tone shifts on Khashoggi, raising prospect of sanctions on Saudi Arabia

Trump: It ‘certainly looks like’ Jamal Khashoggi is dead 4:17 PM ET Thu, 18 Oct 2018 | 00:56

Trump emphasized that his administration would “find out who knew what, when and where” about Khashoggi’s fate. He also said Congress will be involved “very much” on what the next steps would be in the U.S.-Saudi relationship. “I will very much listen to what Congress has to say,” Trump told reporters.

Several top Republicans in Congress have called for swift sanctions on the longtime U.S. ally in retaliation for Khashoggi’s death. But Trump has voiced concerns both publicly and privately about the potential risk of upending the longstanding military and diplomatic relationship.

Even as Trump refuted reports that Secretary of State Mike Pompeo received intelligence about Khashoggi’s death from the Turkish government, it was evident Friday that there was a shift in the president’s attitude toward Saudi Arabia, a longtime U.S. ally in the Middle East.

Trump appeared to dismiss the claims underpinning blanket denials coming from Saudi officials, who insist they know nothing about Khashoggi’s disappearance.

Representatives of the ruling Saudi royal family have yet to offer any alternative to their initial version of events, which was that Khashoggi entered the Saudi consulate on Oct. 2, and he walked out a short while later.

On Thursday, Trump said for the first time Khashoggi had most likely been killed. The president did not, however, say how he had reached this conclusion. Turkish officials have reportedly identified 15 Saudi officials they believe carried out the extra-judicial killing, several of whom work directly for Crown Prince Mohammed bin Salman.

Asked by a reporter whether Khashoggi was dead, Trump replied, “It certainly looks that way.”

The president also took a harder line Thursday on what potential consequences Saudi Arabia might face if they are shown to have been involved in the dissident journalist’s death.

“It will have to be very severe,” Trump told reporters at Andrews Air Force Base. “It’s bad, bad stuff,” Trump said, before tacking on his preferred caveat: “But we’ll see what happens.”

Turkish officials have reportedly said they are in possession of tapes proving that Khashoggi was tortured to death and that his body was later dismembered. So far no U.S. officials have confirmed that they’ve seen the alleged tapes.

Pompeo visited both Saudi Arabia and Turkey this week, but returned with few answers about what actually happened. Saudi Arabia claims it is conducting an internal investigation into Khashoggi’s disappearance, but it has yet to present any results.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: christina wilkie, jonathan ernst
Keywords: news, cnbc, companies, death, officials, raising, trump, tone, turkish, saudi, shifts, sanctions, prospect, told, arabia, congress, khashoggi, khashoggis


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This productivity expert’s ‘five sentence rule’ can help you cut your email time in half

“I think there is a cost to email that we don’t consider,” he tells CNBC Make It. He’s even seen a few of his colleagues start to mention their own five sentence rule in their email signatures. In fact, she says, “a long email is a signal you’re using the wrong communication tool.” “A bad habit would be to try to fit everything into one long email that might have a negative tone to it.” Don’t miss:You switch tasks every 40 seconds, productivity expert says—here are his 5 tips for staying focused


“I think there is a cost to email that we don’t consider,” he tells CNBC Make It. He’s even seen a few of his colleagues start to mention their own five sentence rule in their email signatures. In fact, she says, “a long email is a signal you’re using the wrong communication tool.” “A bad habit would be to try to fit everything into one long email that might have a negative tone to it.” Don’t miss:You switch tasks every 40 seconds, productivity expert says—here are his 5 tips for staying focused
This productivity expert’s ‘five sentence rule’ can help you cut your email time in half Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: courtney connley, shapecharge, getty images
Keywords: news, cnbc, companies, youre, productivity, experts, using, boss, habit, expert, long, help, email, sentence, half, rule, question, tone, cut


This productivity expert's 'five sentence rule' can help you cut your email time in half

“I think there is a cost to email that we don’t consider,” he tells CNBC Make It. “We’re able to get information from other people more quickly, but at the same time it makes our relationship a bit more shallow.” He says he’s learned that people appreciate short, thoughtful email responses. He’s even seen a few of his colleagues start to mention their own five sentence rule in their email signatures.

Workplace strategy expert and author Leigh Stringer tells CNBC Make It that sending long messages is one of the biggest mistakes professionals make when it comes to email. In fact, she says, “a long email is a signal you’re using the wrong communication tool.”

“If it’s an open-ended question, an in-depth question or a complex question that requires back and forth banter, it’s probably worth a phone call,” she says. “You think it’s faster communicating over email but it can actually be a time suck.”

Stringer says that in addition to wasting your own time, long emails can signal that you’re inconsiderate of other people’s time. “You never know what your boss is going through,” she says. “Don’t assume you are the only person in your boss’ life.”

Stringer suggests keeping your emails brief by using bullet points or bolded words to highlight anything requiring action. She says you should also triple-check the tone of your message to ensure that it’s coming across in a positive way.

“Quick notes on the status of a project you’re working on and keeping your boss informed is a good habit to form,” she says. “A bad habit would be to try to fit everything into one long email that might have a negative tone to it.”

Video by Beatriz Bajuelos Castillo

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Company: cnbc, Activity: cnbc, Date: 2018-10-17  Authors: courtney connley, shapecharge, getty images
Keywords: news, cnbc, companies, youre, productivity, experts, using, boss, habit, expert, long, help, email, sentence, half, rule, question, tone, cut


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Funding Circle’s 1.5 billion London debut sets tone for big listings

Funding Circle made a positive market debut on Friday, valuing the British peer-to-peer lending platform at 1.5 billion pounds and testing investor appetite for large listings with London’s biggest for several months. Backed by Danish billionaire Anders Holch Povlsen and launched in 2010, Funding Circle is the first of Britain’s new breed of peer-to-peer financial technology firms to launch an initial public offering (IPO). The IPO, which valued Funding Circle at around 1.5 billion pounds and is


Funding Circle made a positive market debut on Friday, valuing the British peer-to-peer lending platform at 1.5 billion pounds and testing investor appetite for large listings with London’s biggest for several months. Backed by Danish billionaire Anders Holch Povlsen and launched in 2010, Funding Circle is the first of Britain’s new breed of peer-to-peer financial technology firms to launch an initial public offering (IPO). The IPO, which valued Funding Circle at around 1.5 billion pounds and is
Funding Circle’s 1.5 billion London debut sets tone for big listings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: funding circle
Keywords: news, cnbc, companies, large, tone, sets, set, pence, listings, circle, technology, debut, 15, stock, big, circles, london, pounds, funding, million, billion


Funding Circle's 1.5 billion London debut sets tone for big listings

Funding Circle made a positive market debut on Friday, valuing the British peer-to-peer lending platform at 1.5 billion pounds and testing investor appetite for large listings with London’s biggest for several months.

Backed by Danish billionaire Anders Holch Povlsen and launched in 2010, Funding Circle is the first of Britain’s new breed of peer-to-peer financial technology firms to launch an initial public offering (IPO).

The IPO, which valued Funding Circle at around 1.5 billion pounds and is expected to help to set the tone for a string of large listings in Europe, was priced at 440 pence per share. Based on its offering size and price, Funding Circle raised around 440 million pounds on the London Stock Exchange.

The pricing was at the bottom end of the 420-530 pence per share price range set originally by the company and its advisers, and the stock opened in London at 460 pence before falling back to trade at to 444 pence at 0719 GMT.

Funding Circle’s online lending platform enables investors including banks, asset managers, insurers, government-backed entities and funds to lend to small and medium-sized businesses in Britain, the United State, Germany and the Netherlands.

The company said that in the six months to the end of June it had an adjusted loss before interest, tax, depreciation and amortisation of 16.3 million pounds on revenue of 63 million pounds, up from 13.2 million pounds the previous year.

Funding Circle’s flotation is a boost to the London Stock Exchange, which has been looking to attract large technology firms for whom New York is often more enticing because of its track record of technology floats.

Cyber security firm Avast went public in May 2018 and Alfa Financial, which provides software for the asset finance industry, rose sharply in its May 2017 listing.

A banker working on Funding Circle’s debut said the deal would set the tone for others:

“Once you get to three or four, it begins to be a track record and it opens a dialogue with investors.”


Company: cnbc, Activity: cnbc, Date: 2018-09-28  Authors: funding circle
Keywords: news, cnbc, companies, large, tone, sets, set, pence, listings, circle, technology, debut, 15, stock, big, circles, london, pounds, funding, million, billion


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Turkey’s Erdogan says attack on economy no different from attack on flag

President Tayyip Erdogan on Monday cast a recent currency crisis as an attack on Turkey’s economy, no different from a strike against the flag or call to prayer, taking a defiant tone in his address at the eve of the Muslim Eid al-Adha festival. In a pre-recorded address to the Turkish people ahead of the start of the four-day holiday on Tuesday, Erdogan said the aim of the recent currency crisis was to bring “Turkey and its people to their knees”. He said that Turkey had the power and ability t


President Tayyip Erdogan on Monday cast a recent currency crisis as an attack on Turkey’s economy, no different from a strike against the flag or call to prayer, taking a defiant tone in his address at the eve of the Muslim Eid al-Adha festival. In a pre-recorded address to the Turkish people ahead of the start of the four-day holiday on Tuesday, Erdogan said the aim of the recent currency crisis was to bring “Turkey and its people to their knees”. He said that Turkey had the power and ability t
Turkey’s Erdogan says attack on economy no different from attack on flag Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-20  Authors: mike hutchings, afp, getty images
Keywords: news, cnbc, companies, attack, crisis, recent, tayyip, turkey, flag, different, currency, turkish, tone, economy, address, erdogan, turkeys


Turkey's Erdogan says attack on economy no different from attack on flag

President Tayyip Erdogan on Monday cast a recent currency crisis as an attack on Turkey’s economy, no different from a strike against the flag or call to prayer, taking a defiant tone in his address at the eve of the Muslim Eid al-Adha festival.

In a pre-recorded address to the Turkish people ahead of the start of the four-day holiday on Tuesday, Erdogan said the aim of the recent currency crisis was to bring “Turkey and its people to their knees”.

He said that Turkey had the power and ability to overcome the crisis.


Company: cnbc, Activity: cnbc, Date: 2018-08-20  Authors: mike hutchings, afp, getty images
Keywords: news, cnbc, companies, attack, crisis, recent, tayyip, turkey, flag, different, currency, turkish, tone, economy, address, erdogan, turkeys


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JP Morgan makes small bank Webster Financial a top pick after CEO meeting

Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year. “We recently held investor meetings with Webster’s senior management team including CEO John Ciulla … Overall, we found the tone from the meetings to be


Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year. “We recently held investor meetings with Webster’s senior management team including CEO John Ciulla … Overall, we found the tone from the meetings to be
JP Morgan makes small bank Webster Financial a top pick after CEO meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-03  Authors: tae kim, source, john phelan, wikimedia commons, mark neuling, seokyong lee, bloomberg, getty images, daniel acker, mark kauzlarich
Keywords: news, cnbc, companies, jp, meetings, makes, morgan, yearwe, meeting, webster, ceo, financial, small, yielding, websters, pick, wbs, commercial, bank, unique, tone


JP Morgan makes small bank Webster Financial a top pick after CEO meeting

Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan.

The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year.

“We recently held investor meetings with Webster’s senior management team including CEO John Ciulla … Overall, we found the tone from the meetings to be very positive,” analyst Steven Alexopoulos said in a note to clients Friday. “With the company having the unique ability to fund high yielding commercial loans with low-cost HSA deposits, we see WBS pulling further ahead of the pack.”


Company: cnbc, Activity: cnbc, Date: 2018-08-03  Authors: tae kim, source, john phelan, wikimedia commons, mark neuling, seokyong lee, bloomberg, getty images, daniel acker, mark kauzlarich
Keywords: news, cnbc, companies, jp, meetings, makes, morgan, yearwe, meeting, webster, ceo, financial, small, yielding, websters, pick, wbs, commercial, bank, unique, tone


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The European Central Bank is set to hold steady amid heightened risks of a trade war

After a surprisingly dovish meeting in June, the European Central Bank (ECB) is expected to strike a more balanced tone this week, given heightened uncertainties for the global economy. The focus will be on the ECB‘s assessments of these risks at its meeting Thursday, with investors concerned of the acute risk of a trade war escalation. The euro zone’s central bank pledged to keep its key interest rate at minus 0.4 percent “at least through the summer of 2019” during its last meeting. The risks


After a surprisingly dovish meeting in June, the European Central Bank (ECB) is expected to strike a more balanced tone this week, given heightened uncertainties for the global economy. The focus will be on the ECB‘s assessments of these risks at its meeting Thursday, with investors concerned of the acute risk of a trade war escalation. The euro zone’s central bank pledged to keep its key interest rate at minus 0.4 percent “at least through the summer of 2019” during its last meeting. The risks
The European Central Bank is set to hold steady amid heightened risks of a trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: annette weisbach, emmanuel dunand, afp, getty images
Keywords: news, cnbc, companies, hold, dovish, steady, european, central, set, tone, economy, bank, ecb, war, risks, stimulus, meeting, trade, rate, heightened


The European Central Bank is set to hold steady amid heightened risks of a trade war

After a surprisingly dovish meeting in June, the European Central Bank (ECB) is expected to strike a more balanced tone this week, given heightened uncertainties for the global economy.

The focus will be on the ECB‘s assessments of these risks at its meeting Thursday, with investors concerned of the acute risk of a trade war escalation.

“We expect (ECB President) Mario Draghi to aim for a ‘Goldilocks’ tone at the July 26 press conference — not too hawkish, not too dovish,” said Mark Wall, the chief economist at Deutsche Bank, in a research note.

“The ECB only recently made a commitment to unchanged rates for the next year to lean against trade and volatility risks and avoid an unwarranted tightening of financial conditions.”

The ECB has committed itself to stop buying new bonds at the end of this year, but the onus clearly now is on the reinvestment of these purchases (as part of its crisis-era stimulus program) and its refined rate guidance. The euro zone’s central bank pledged to keep its key interest rate at minus 0.4 percent “at least through the summer of 2019” during its last meeting.

The risks now are that the ECB is unwinding its monetary stimulus right at a time when the economy could head south. For now, its seems the ECB is convinced the region’s economy will remain resilient.


Company: cnbc, Activity: cnbc, Date: 2018-07-24  Authors: annette weisbach, emmanuel dunand, afp, getty images
Keywords: news, cnbc, companies, hold, dovish, steady, european, central, set, tone, economy, bank, ecb, war, risks, stimulus, meeting, trade, rate, heightened


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