Archive for January, 2010

Indian authorities had enough. Now they are closing down another international foreign brokerage, Société Générale, from trading and operation in India. The reason being problems following the international laws that compel companies to provide complete information about overseas clients.

Soc Gen suspended from Indian financial markets

It was a clear decision from The Securities & Exchange Board of India (SEBI), regulator of the derivate och stock market in the country. If foreign brokerages should operate in India they better follow the rules, was the message from Indian authorities. (more…)

Swedish Riksbanken speech insisted that Sweden’s rate is planned to remain flat until autumn 2010. Ingves pointed out the risk of a potential real estate bubble if the current interest rate levels remains for a long period.

He continues: “We believe that interest rates will be significantly higher in a few years from now”. In 2011, the interest rates will probably go up sharply, from less than 1% to 3%. At least if we are to believe the current forecast from the Swedish Riksbank.

Why was the Swedish interest rates unchanged?

Everything indicates that the recovery in the economy continues, while inflation pressures continue to be low.

With the Riksbank’s inflation target of 2 percent and to simultaneously support the economic recovery of the Riksbank decided to leave the repo rate unchanged at 0.25 percent. (more…)