Most Clicked CFA Institute Financial NewsBrief Stories

1. Obama calls for broad range of programs to help middle class

CFA Institute Financial NewsBrief | Jan 21, 2015

President Barack Obama used his State of the Union address to propose tax breaks and spending initiatives aimed at helping the middle class, as well as higher taxes for the wealthy to pay for them. Obama called for free community college, a child care tax credit and a tax benefit for two-income families. Obama said he will veto any efforts to repeal the federal health care program or block his executive action on immigration. Bloomberg (20 Jan.) New York Times (tiered subscription model), The (20 Jan.) Los Angeles Times (tiered subscription model) (20 Jan.)

2. 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.)

3. 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.)

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. 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. 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.)

9. 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.)

10. Russian credit rating cut by S&P

CFA Institute Financial NewsBrief | Jan 27, 2015

Standard & Poor's has lowered Russia's sovereign credit rating to below investment grade for the first time in 10 years, citing a drop in oil prices and economic sanctions tied to events in Ukraine. Wall Street Journal (tiered subscription model), The (26 Jan.) Reuters (27 Jan.)