Greek central bank chief calls for swift conclusion of bailout review

Greece and its foreign lenders must intensify efforts to conclude swiftly a review of the country’s compliance with fiscal targets and reforms under its current bailout, the governor of Greece’s central bank said. Inspectors from the country’s creditors, the European Union and the International Monetary Fund, are expected in Athens next week to start talks […]

What Global Finance Chiefs Are Saying About the Economy

Don’t celebrate too soon. That was the key message as policy makers and investors left Washington on Sunday after attending the annual meetings of the International Monetary Fund and World Bank. For once the mood was upbeat. The IMF bumped up its forecast for global economic growth this year and next. Stocks are surging, credit […]

Some ECB Members Identify 2.5 Trillion-Euro QE Limit

Some European Central Bank policy makers see room for little more than 200 billion euros ($235 billion) of purchases under the institution’s bond-buying program next year, according to central-bank officials familiar with the matter. The ECB is likely to run out of available debt under current rules at just over 2.5 trillion euros, the officials […]

An AIM miner with significant upside

Anglo Asian Mining (LSE:AAZ) We commented recently about the possibility of some frothy times ahead for some AIM shares, given the usually unforgiving marketplace has apparently entered a further growth cycle. In fact, we almost believe the usually invisible Santa Rally may already be under way. Anglo Asian Mining (AAZ) appears poised to take advantage of […]

Bargain hunter: Widest discount in years on popular income trust

In the current climate, with stockmarkets continuing to hold their form, income seekers are facing a greater challenge to source income at a sensible price. Eight years into the bull market, investment trust bargains have become harder to find, with the average discount across the sector hitting an all-time low on 16 August, slipping to […]

Stockwatch: A “speculative buy” yielding 8%-plus

Can Elegant Hotels (EHG)’ valuation criteria coincide with a fundamentally sound business? At 87p, the Barbados-based luxury hotel owner/operator trades on a whopping 50% discount to intrinsic net asset value, a prospective yield over 8% and a 12-month forward price/earnings (PE) multiple of about 8.5 times – if the 2018 forecast is fair. The AIM-listed stock […]

Euro-Area Exports Leap Despite Currency Gain

Exports of goods from the eurozone jumped in August, suggesting the euro’s appreciation against other major currencies has yet to crimp economic growth. Adjusted for seasonal patterns, eurozone exports rose by 2.5% in August from July, while imports were up by just 0.4%, the European Union’s statistics agency said Monday. As a result, exports of […]