LatviaLatest news regarding the land of the latvieši

  • Orkla to build state-of-the-art biscuit plant in LatviaOrkla Confectionery & Snacks Latvija is boosting its cookie production with a new plant in Latvia, which will be the biggest of its kind in the Baltics and Scandinavia. The new plant will be built in A daA3 4i city, next to the company's new Laima sweets plant, and will create 200 new jobs. — Mon, 18 Jun 2018 16:36:04 GMT (via Bakery & Snacks)
  • Entry of Accounted, But Not Disbursed Coupons Accounting for Owners...... the procedure of satisfying the creditors' claims in accordance with the provisions of the Law of the Republic of Latvia On Credit Institutions. ArtA rs EglA tis ABLV Group Communications Leader ABLV Bank, AS Tel.: +371 6700 2454 e-mail: ... — Mon, 18 Jun 2018 05:20:32 GMT (via GlobeNewswire)
  • 'Targeting trust': How Russia, and soon China, will undermine usRiga, Latvia: Bob Posner's name is perfect for who he is: a mild, middle-aged British public servant, not given to grand statements or dramatic claims. Posner is the director of the UK Electoral Commission's finance and regulation section. — Sat, 16 Jun 2018 14:14:10 GMT (via The Age)
  • Mario Draghi: The euro is irreversiblePresident of the European Central Bank Mario Draghi speaks at a press conference after a meeting of the ECB Governing Council in Riga, Latvia, on 14 June 2018. [ EPA-EFE/VALDA KALNINA ] Despite concerns over a potential new euro crisis due to Italian political instability, the president of the European Central Bank, Mario Draghi, believes the currency is strong. — Fri, 15 Jun 2018 11:16:53 GMT (via EurActiv.com)
  • ECB to End Bond-Buying Program as Crisis-Era Policies Wind DownThe bank signals it won't raise interest rates before next summer, suggesting the gap with the Fed will widen RIGA, Latvia-The European Central Bank is closing a chapter on one controversial policy, government bond purchases, while extending the life of another: negative interest rates. — Fri, 15 Jun 2018 06:05:32 GMT (via Wall Street Journal)
  • Europe, Fed moves show global shift away from cheap moneyItaly's economy minister says the new populist government isn't discussing any prop... RIGA, Latvia - Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage wrought by the Great Recession and push stock markets to record highs. It's a sign of confidence in the economy, but with uncertain consequences for consumers and businesses. — Thu, 14 Jun 2018 20:08:00 GMT (via NewsOn6 Tulsa)
  • As Uncertainty Clouds Economy, Europe Pulls Back on Easy MoneyA trade war with the United States looms. Populists have taken power in Italy, posing a new threat to the euro. — Thu, 14 Jun 2018 18:34:27 GMT (via The New York Times)
  • UPDATE 7-ECB to end bond buying but pushes out first rate hike... "'Through the summer' is intentionally not precise," Draghi told a press conference after policymakers met in Riga, Latvia's capital. "There is a desire to maintain optionality in each and every part of this decision." Adding a surprisingly dovish ... — Thu, 14 Jun 2018 17:55:45 GMT (via Reuters)
  • Baltic B733 over Baltic Sea on Jun 13th 2018, suspected fire on board ...An Air Baltic Boeing 737-300, registration YL-BBX performing flight BT-619 from Riga (Latvia) to Amsterdam (Netherlands), was enroute at FL360 over the Baltic Sea about 150nm eastnortheast of Copenhagen (Denmark) when the crew initiated an emergency ... — Thu, 14 Jun 2018 17:53:15 GMT (via AVHerald)
  • ECB plans end to bond-buying if no new shocks for eurozoneThe ECB's bond buys - currently set at a 30 billion a month - and ultra-low interest rates are designed to stoke growth in the 19-nation single currency area. RIGA: The European Central Bank said on Thursday it would end in December the mass bond-buying used to buttress the eurozone economy, in a sign of confidence in the outlook for growth and inflation in the bloc. — Thu, 14 Jun 2018 17:42:12 GMT (via Channelnewsasia.com)
  • ECB plans to bring its bond-buying program to a close in December... Jennifer McKeown, chief European economist at Capital Markets, in a note. In a statement following a meeting in Riga, Latvia, the ECB's Governing Council said it would continue to purchase a 30 billion ($35.2 billion) a month of bonds through the ... — Thu, 14 Jun 2018 17:25:38 GMT (via MarketWatch)
  • ECB to keep rates at record lows until summer 2019... the potential for a big rise in the euro. Today's gathering is being held in Riga, a sensitive issue for the bank as Latvia is unable to vote in policy meetings due to a legal dispute. He has has been barred by Latvian authorities from working as ... — Thu, 14 Jun 2018 15:53:06 GMT (via RTE.ie)
  • European Central Bank winds down crisis-era stimulus program... arrives for an eurogroup meeting at the Europa building in Brussels. The European Central Bank said ... more RIGA, Latvia (AP) - The European Central Bank has decided to phase out the bond-buying stimulus program credited with helping the 19 ... — Thu, 14 Jun 2018 15:06:24 GMT (via The Beaumont Enterprise)
  • ECB announces plans to end Eurozone stimulus program this yearThe European Central Bank announced Thursday it would phase out its bond-buying stimulus program at the end of the year, after a meeting of its 25-member governing council at the Latvian central bank, also known as Latvijas Banka, in Riga, Latvia. The Latvian national flag is seen flying at half-mast, commemorating the thousands of people deported to Siberia by the Soviet Union in the 1940s. — Thu, 14 Jun 2018 12:23:05 GMT (via The Japan Times)
  • Mario Draghi Delivers a Masterclass in Monetary PolicyBy simultaneously taming the hawks and satisfying the doves, all the while lowering government bond rates and clipping gains for the euro, ECB President Mario Draghi proves once agian that he's the world's most talented central banker. European Central Bank President Mario Draghi delivered a masterclass in monetary policy Thursday in the Latvian capital of Riga, simultaneously satisfying both hawks and doves on his rate-setting Governing Council while still managing to drive the euro lower to ensure his mandate to deliver faster inflation will be met this year. — Thu, 14 Jun 2018 14:17:51 GMT (via TheStreet.com)
  • The European Central Bank just called time on its $3 trillion stimulus program... Frankfurt to a euro zone capital once a year and Thursday's gathering is being held in Riga. Somewhat unfortunately, Latvia is currently unable to vote in ECB meetings, thanks to a legal dispute involving the governor of its central bank. — Thu, 14 Jun 2018 14:04:12 GMT (via Silicon Alley Insider)
  • ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind DownThe bank signaled it won't raise interest rates before next summer, suggesting the gap with the Fed will widen RIGA, Latvia-The European Central Bank laid out plans Thursday to wind down its a 2.5 trillion bond-buying program by December, but said it didn't expect to raise rates "at least through the summer of 2019." — Thu, 14 Jun 2018 13:45:06 GMT (via Wall Street Journal)
  • European Central Bank holds on interest rate hike, sets end date for stimulus program... is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." RIGA, Latvia - The European Central Bank said Thursday it will phase out at year-end its stimulus program, which is credited with helping the ... — Thu, 14 Jun 2018 12:59:43 GMT (via USA Today)
  • European Central Bank sets end date for stimulus program... don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File) RIGA, Latvia (AP) - The European Central Bank said Thursday it will phase out at year-end the bond-buying stimulus program credited with helping ... — Thu, 14 Jun 2018 12:35:58 GMT (via Fredericksburg.com)
  • Stocks Globally Weaken on Hawkish Federal Reserve and Surprising China DataStocks turned red across the board Thursday as investors reacted to a hawkish Fed rate increase and slowing economic data from China that suggest diverging growth paths for the world's two biggest economies. Global stocks traded notably lower Thursday as investors reacted to yesterday's hawkish rate signalling from the Federal Reserve and were caught off-guard by a series of weaker-than-expected data from China that could suggest diverging growth paths between the world's two biggest economies. — Thu, 14 Jun 2018 11:41:53 GMT (via TheStreet.com)
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