Press Review: EU Finds Seed Money for $392 Billion Investment Plan

BLOOMBERG

EU Finds Seed Money for $392 Billion Investment Plan

The European Commission today will propose a 315 billion-euro ($392 billion) investment plan based on guarantees and a small amount of seed money in order to offer European Investment Bank funds to a wider range of projects.

The EIB will contribute 5 billion euros in start-up cash, accompanied by 16 billion euros in European Union guarantees, according to the plan, which commission President Jean-Claude Juncker will unveil in Strasbourg, France. The start-up money, which is expected to have an impact of 15 times its size, will serve as capital for a new EIB unit that can share risk with private investors.

Source: http://www.bloomberg.com/news/2014-11-25/eu-finds-seed-money-for-392-billion-investment-plan.html

BLOOMBERG

Oil Volatility Here to Stay Regardless of OPEC Decision

Whatever the outcome of tomorrow's OPEC meeting, options traders are betting on oil-price swings.

That's because the decision from the Organization of Petroleum Exporting Countries isn't likely to make much difference. Slowing global demand and a U.S. shale-drilling boom has created a glut that won't fade any time soon, said Torbjoern Kjus of DNB ASA in Norway.

Source: http://www.bloomberg.com/news/2014-11-26/oil-volatility-here-to-stay-regardless-of-opec-decision.html

REUTERS

Russian c.bank to move towards rate cut after curbing inflationary expectations

Nov 26 (Reuters) - Russia's central bank will move towards cutting rates after it stabilises inflationary expectations, First Deputy Governor Ksenia Yudayeva said on Wednesday.

Annual inflation has risen to more than 8 percent because of a weaker rouble and an import ban on some Western food imports, put in place in retaliation to Western sanctions over Russia's role in the Ukraine crisis.

Source: http://www.reuters.com/article/2014/11/26/russia-cenbank-inflation-idUSL6N0TG0BU20141126