ECB to test banks’ response to cyberattack FRANKFURT: The European Central Bank said Wednesday it would test lenders’ response to cyberattacks this year in a... Published 08 Jan, 2024 05:23am
Markets European shares log first weekly loss in eight PARIS: European shares logged their first weekly loss in eight on Friday, as investors grappled with a plethora of... Published 06 Jan, 2024 05:17am
World Eurozone inflation rises to 2.9% in December BRUSSELS: The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs,... Published 05 Jan, 2024 05:15pm
Business & Finance ECB to test banks’ response to cyberattack FRANKFURT: The European Central Bank said Wednesday it would test lenders’ response to cyberattacks this year in a... Published 03 Jan, 2024 04:56pm
Markets STOXX 600 ends 2023 up 12.6pc on rate cut optimism PARIS: European shares ended 2023 with an annual gain of almost 13 percent on hopes of softer monetary policy from... Published 30 Dec, 2023 06:28am
Business & Finance Dollar on pace for first yearly loss since 2020 NEW YORK: The dollar is set to end 2023 with its first loss since 2020 against the euro and a basket of currencies ... Published 30 Dec, 2023 06:28am
Markets European shares slip as energy, financials weigh ahead of year-end PARIS: European shares inched lower on Thursday as weakness in banking stocks and oil majors weighed, though the... Published 29 Dec, 2023 02:58am
Sports England rope in Pollard as assistant coach for T20 World Cup England have appointed former West Indies captain Kieron Pollard as an assistant coach for the Twenty20 World Cup... Published 24 Dec, 2023 06:49pm
Markets European shares end slightly higher ahead of holiday PARIS: European stocks closed with a whimper on Friday, as softer-than-expected US inflation data offset losses in... Published 23 Dec, 2023 06:16am
Markets European shares ease as ECB officials temper rate cut optimism PARIS: European stocks retreated on Monday after notching up strong gains in recent weeks, as auto shares declined... Published 19 Dec, 2023 05:20am
Markets European shares end fifth week higher on rate-cut optimism PARIS: European shares inched up on the final day of a week marked by major central bank policy decisions, in which... Published 16 Dec, 2023 05:49am
Business & Finance Dollar rebounds as Fed’s Williams talks down rate cuts NEW YORK: The dollar bounced on Friday after Federal Reserve Bank of New York President John Williams pushed back... Published 16 Dec, 2023 05:49am
Markets Real estate, miners drive European shares rally BENGALURU: Real estate and miners led a rally in European shares on Thursday as risk appetite received a strong ... Published 15 Dec, 2023 03:12am
Business & Finance Fed stands alone as ECB, BoE stick with tight policy WASHINGTON/FRANKFURT: The US Federal Reserve was left in a camp of its own on Thursday when a host of Europe’s... Published 15 Dec, 2023 03:12am
Business & Finance Dollar hits four-month low after Fed pivots, ECB leaves rates unchanged LONDON: The dollar touched a fresh four-month low on Thursday after the Federal Reserve indicated that its... Published 15 Dec, 2023 03:12am
Markets European shares slip after recent rally PARIS: European shares paused on Thursday afters recent strong gains, while data in Germany added to worries that ... Published 08 Dec, 2023 05:20am
Markets Germany’s DAX touches fresh record high PARIS: Germany’s benchmark index scaled a fresh all-time high on Wednesday after disappointing industrial orders... Published 07 Dec, 2023 04:35am
Business & Finance Dollar touches 2-week high, euro weaker NEW YORK: The US dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets... Published 07 Dec, 2023 04:35am
Markets European shares take a breather after sharp rally last week PARIS: Miners and energy stocks dragged Europe’s benchmark index marginally lower on Monday, hurt by weak ... Published 05 Dec, 2023 03:01am
Business & Finance Euro zone corporate lending contracts as economy shrinks FRANKFURT: Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from... Published 04 Dec, 2023 05:35am
World Digital bank robberies key risk for central bank e-money, BIS report warns LONDON: Digital bank robberies and other cyber hacks will be a key risk for countries launching digital versions of... Published 30 Nov, 2023 04:53am
Markets German shares rally as easing inflation boosts ECB rate cut bets PARIS: German shares rallied on Wednesday after better-than-expected inflation data in the euro zone’s largest... Published 30 Nov, 2023 04:53am
Markets European stocks stall after comments from ECB officials PARIS: European shares fell for a second session on Tuesday, stalling November’s strong run of gains, after... Published 29 Nov, 2023 05:09am
Markets European shares rise to fresh two-month peak PARIS: European shares rose on Thursday, supported by gains in energy stocks, while investors digested minutes of ... Published 24 Nov, 2023 05:29am
Business & Finance Eurozone financial stability outlook fragile: ECB FRANKFURT: The eurozone financial stability outlook remains fragile as tighter financing conditions, high inflation... Published 22 Nov, 2023 05:25pm
Markets Italian shares lag European peers as banks drag PARIS: Italian shares lagged European peers on Tuesday as banking stocks weighed, while investors awaited minutes... Published 22 Nov, 2023 05:48am
Business & Finance Lagarde warns against premature inflation celebration FRANKFURT: The European Central Bank has time now to assess how inflation unfolds after a record string of rate ... Published 22 Nov, 2023 05:48am
Business & Finance Dollar falls to two-month low on Fed view, yen strengthens NEW YORK: The dollar index fell to its lowest in more than two months on Monday, extending a slide from the prior... Published 21 Nov, 2023 06:01am
World European countries differ over windfall taxes on banks STOCKHOLM: Some European countries have imposed windfall taxes on banks’ profits to help fund their response to ... Published 20 Nov, 2023 06:28am
Markets European shares end higher as bond yields slide PARIS: European shares rose on Friday, boosted by financials and healthcare, ending the week higher on growing... Published 18 Nov, 2023 06:03am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’