Oil company Royal Dutch Shell is ceasing exploration in offshore Alaska. Only two months ago, the company got permission from the US government to carry out exploratory drilling and now they have decided to discontinue. The amount of oil and gas found is too little and costs are to high. The unpredictable behavior of the federal regulations is also a reason for this decision.
In the second quarter of 2015, the growth of the American economy grew faster that the first three months of this year. The growth of 3.9% in Q2 was much higher than that 0.6% growth in Q1. Previous estimates indicated a growth of 2.3% and later 3.7%.
The European Central Bank (ECB) has decided to suspend the purchase of loans backed by Volkswagen assets, reports the Financial Times. The reason is the review of the financial implications of the scandal engulfing Germany’s biggest carmaker. The ECB investigates if it should completely stop the purchase of the loans of VW, one of the biggest issuers of debt in Europe.
The 6M Euribor remained unchanged at 0.03%. The 10Y Swap has decreased by 1 bp to 1.00%.
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