Successful auction of €1.5bn of shorter-term debt follows European Central Bank intervention in buying the country’s notes earlier this week

European banks are preparing to tap the emergency funding scheme for up to twice as much as was supplied in December’s €489bn debut auction

Telecoms regulator says new rules will ensure there will be four national wholesalers of mobile services in future

I've posted before on the relationship between China's art market and its unofficial economy. Check this out: The world auction market’s top earner in recent years must yield to Chinese artist Zhang Daqian (1899-1983), according to a report from French...

MEPs backed a proposal yesterday (20 December) to allow the European Commission to prop up low carbon prices by withholding 1.4 billion carbon permits from the third phase of the EU Emissions Trading System auction, and so raise prices by around 30%. More »

Azerbaijan has delayed until March 2012 a decision on which bidder will get natural gas produced as part of the Shah Deniz field's second stage. Nabucoo and three other pipeline projects are competing in the auction and results were expected this month. More »

            Most commentators on the Euro crisis assume that if Germany wished to save the Euro she can do so. Only the failure of the latest German bond auction has caused any doubt to creep in.           Commentators are right to think that Germany is now very powerful within the EU. The Euro lacks

It is hard to keep up with the unfolding events of the eurozone debt crisis. Earlier this week, the auction by the German government of 10-year bonds, which is an event normally garnering only specialist coverage, made big news. It was, in the words of several news-sites, a disaster, with only some of the paper being bought. With impeccable timing, therefore, the Institute of Economic Affairs, the...

Bid to cover ratio of .65 in Germany 6 billion euro 10-year government bond auction! The bid to cover ratio in a bond auction is a key indicator of investor interest in an auction, appetite for the issuers bonds at current yields and most of all belief that the issuer and guarantor of the debt is a good bet at that yield. It is the concept of risk and reward in one of its most basic forms. On Wedn...

Fears over the eurozone crisis reached Germany yesterday as an auction of ten-year Bunds managed to raise only €3.64bn out of a target of €6bn, with the remainder retained by the Bundesbank. The main reasons for the limited demand are seen to be the increasing uncertainty over the long term state of the eurozone, the very low yields offered on primary bund auctions and the unusual struct...