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

CFA Institute Financial NewsBrief | Jan 27, 2015

4. 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.)

5. 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.)

6. WEF delegates chide Europe, laud U.S.

CFA Institute Financial NewsBrief | Jan 22, 2015

Attendees of the World Economic Forum in Davos, Switzerland, have praised the U.S. for turning its economy around but criticized Europe for not rekindling growth after the financial crisis. Bloomberg Businessweek (21 Jan.)

7. 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.)

8. 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.)

9. Canada makes surprise cut to benchmark interest rate

CFA Institute Financial NewsBrief | Jan 22, 2015

The Canadian central bank surprised economists and traders with an interest-rate cut that brings the overnight rate among commercial banks to 0.75%. The Bank of Canada said it acted to protect the economy from risk brought on by plunging oil prices. Pensions & Investments (free access for SmartBrief readers) (21 Jan.) (Canada) (21 Jan.)

10. ECB expected to buy €50B in sovereign bonds per month

CFA Institute Financial NewsBrief | Jan 22, 2015

European Central Bank President Mario Draghi's plan for quantitative easing calls for purchasing €50 billion in government bonds each month through December 2016, two eurozone central bank officials say. The plan must pass judgment of the Governing Council and could change before finalization. A decision is expected Thursday. Financial Times (tiered subscription model) (21 Jan.) Bloomberg Businessweek (21 Jan.)