Most Clicked CFA Institute Financial NewsBrief Stories

1. Victorious Greek leader pledges no conflict with creditors

CFA Institute Financial NewsBrief | Jan 26, 2015

Alexis Tsipras, leader of Greece's anti-austerity Syriza party, which won national elections, said the nation will end its harsh austerity program through negotiation and will not engage in conflict with creditors. "The new Greek government is ready to cooperate and negotiate with Greece's partners a just and viable solution," he said. "There will be no catastrophic clash" with creditors, he said. Market News International (25 Jan.) Kathimerini (Greece) (26 Jan.) Deutsche Welle (Germany) (26 Jan.)

2. Saudi Arabia expected to keep oil exports high under new king

CFA Institute Financial NewsBrief | Jan 23, 2015

Saudi Arabia will maintain its policy of high crude production and low prices to avoid losing its share of the energy market under new ruler King Salman, experts say. He assumed power with the death of King Abdullah. Salman has publicly given strong support for the country's oil policies. Quartz (22 Jan.) Bloomberg (23 Jan.) Vox (22 Jan.)

3. Fed signals low rates to continue until at least June

CFA Institute Financial NewsBrief | Jan 29, 2015

The Federal Reserve has indicated that it won't increase interest rates before June but remains silent about what happens after that. Although the central bank's policy committee is upbeat about the economy, it says it expects a deepening of inflation slowdown. New York Times (tiered subscription model), The (28 Jan.) Bloomberg (28 Jan.)

4. Does Syriza's victory in Greek elections alter the likelihood of Greece exiting the eurozone (Grexit)?

CFA Institute Financial NewsBrief | Jan 27, 2015

5. Obama calls for offshore oil, gas drilling on Atlantic coast

CFA Institute Financial NewsBrief | Jan 28, 2015

The Obama administration proposed a change in policy that would open the door to offshore oil and gas exploration along the Atlantic coast from Georgia to southern Virginia. Parts of northern Alaska's coastline designated for energy production would be closed to offshore drilling. Houston Chronicle (tiered subscription model) (27 Jan.) Washington Post (tiered subscription model), The (27 Jan.)

6. ECB debuts aggressive bond-buying initiative

CFA Institute Financial NewsBrief | Jan 23, 2015

The European Central Bank has exceeded expectations by agreeing to buy €60 billion in government bonds per month, in addition to purchases of asset-backed securities and covered bonds. Investors have welcomed the ECB's vow to flood the market with more than €1 trillion. However, President Mario Draghi cautions that ECB action won't be enough to get the economy back on track. "What monetary policy can do is create the basis for growth," he said. "But for growth to pick up, you need investment; for investment, you need confidence; and for confidence, you need structural reform." Reuters (22 Jan.) Bloomberg Businessweek (22 Jan.) Wall Street Journal (tiered subscription model), The (22 Jan.) Financial Times (tiered subscription model) (22 Jan.)

7. Greece defies creditors by freezing privatization

CFA Institute Financial NewsBrief | Jan 29, 2015

The Greek government triggered a confrontation with international creditors by stopping privatization of several government-owned transportation and energy companies. Lenders have demanded that Greece accelerate the sale of assets in return for additional funding. Greek Reporter blog (28 Jan.) Deutsche Welle (Germany) (28 Jan.)

8. Eurogroup could discuss concessions on Greek debt

CFA Institute Financial NewsBrief | Jan 27, 2015

EU Economic Commissioner Pierre Moscovici said after a Eurogroup meeting that the EU could discuss with Greece relaxation of terms for repaying debt. Jeroen Dijsselbloem, the Eurogroup's president, said the EU has always been open to taking a fresh look at "debt-sustainability issues." Reuters (26 Jan.) (France) (26 Jan.)

9. Fiduciary-rule memo shows White House ignorance, exec says

CFA Institute Financial NewsBrief | Jan 28, 2015

Adam Antoniades, president of broker-dealer Cetera Financial Group, says he is shocked by ignorance shown in a White House memo supporting a Department of Labor fiduciary standard for financial advisers who guide retail investors on retirement. The memo "accuses all financial advisers of defrauding their clients," he said. "The ignorance displayed in the memo is quite shocking to me. It's frankly offensive." InvestmentNews (free registration) (27 Jan.) ThinkAdvisor (27 Jan.)

10. Yahoo plans $40B spinoff to cash out Alibaba stake

CFA Institute Financial NewsBrief | Jan 28, 2015

CEO Marissa Mayer said Yahoo will spin off its equity interest in Alibaba Group Holding and distribute $40 billion of proceeds to shareholders. By transferring the shares into a new publicly traded investment company called SpinCo, Yahoo will avoid a multibillion-dollar tax charge. San Jose Mercury News (Calif.) (free registration) (27 Jan.)