Euro zone bond yields tick higher as focus returns to inflation LONDON: Euro zone bond yields edged higher on Tuesday as investor focus returned inflation and European Central Bank... Published 04 Apr, 2023 12:52pm
Business & Finance Banking rebound remains fragile as regulators review response to failures NEWYORK: Investor confidence in the banking sector remained fragile on Tuesday, with the European Central Bank (ECB)... Published 30 Mar, 2023 06:35am
Business & Finance UniCredit gets ECB approval for 3.34bn euro share buyback MILAN: UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34... Published 28 Mar, 2023 08:38pm
Business & Finance Banking stress puts US and Europe on watch for credit crunch WASHINGTON/FRANKFURT: Stress in the banking sector is being closely monitored for its potential to trigger a credit... Published 27 Mar, 2023 07:30am
World EU leaders insist eurozone banking sector stable BRUSSELS: EU leaders and the head of the European Central Bank scrambled on Friday to reassure the markets that the... Published 24 Mar, 2023 08:38pm
Markets European stocks crawl higher in run-up to Fed decision PARIS: European stocks edged higher on Wednesday, extending gains for a third day, as investors awaited a crucial... Published 23 Mar, 2023 05:47am
Business & Finance ECB chief warns financial tensions may hit eurozone FRANKFURT: Recent financial turbulence could add to “downside risks” in the eurozone, European Central Bank chief... Published 22 Mar, 2023 05:49pm
Markets Japanese rubber futures rise SINGAPORE: Japanese rubber futures rose for the first time in 11 days on Friday, as governments sought to bolster... Published 19 Mar, 2023 03:33am
Business & Finance ECB hawks press case for more rate hikes to fight dogged inflation FRANKFURT: The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent... Published 19 Mar, 2023 03:33am
Business & Finance ECB raises rates as planned despite banking turmoil FRANKFURT: The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring... Published 17 Mar, 2023 07:09am
Markets Euro rises, dollar falls after ECB rate decision NEW YORK: The dollar fell and the euro rose on Thursday after the European Central Bank raised interest rates as... Published 17 Mar, 2023 06:16am
Business & Finance Credit Suisse’s $54bn lifeline gives global banks tentative respite ZURICH: Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up ... Published 17 Mar, 2023 06:15am
Business & Finance Credit Suisse slump leads Europe bank rout as SVB fallout grows PARIS: Credit Suisse shares hit a record low on Wednesday in a rout of European bank stocks, as investor concerns... Published 16 Mar, 2023 06:01am
Business & Finance ECB to test banks’ cyber defences as risks grow FRANKFURT: The European Central Bank will next year test eurozone lenders’ defences against cyberattacks, a top... Published 09 Mar, 2023 07:39pm
Markets ECB’s Villeroy: French inflation peak seen in H1 PARIS: France’s inflation peak will come in the first half of this year, French European Central Bank policymaker... Published 09 Mar, 2023 02:35pm
Markets European shares wipe gains on hawkish remarks from ECB officials PARIS: European shares bid farewell to their initial momentum on Monday after European Central Bank officials backed... Published 07 Mar, 2023 03:16am
World ECB facing high core inflation in the near term, Lagarde says FRANKFURT: Underlying inflation in the euro zone will stay high in the near term so a 50 basis point European... Published 05 Mar, 2023 11:02am
Business & Finance More interest rate hikes may be needed, says ECB’s Lagarde FRANKFURT: More interest rate increases may be needed beyond the one coming later this month, European Central Bank... Published 02 Mar, 2023 06:49pm
Opinion Traders relaxed as ECB starts running down massive bond holdings Strong investor inflows into bond markets this year mean traders and bankers are confident the European Central Bank... Updated 02 Mar, 2023 07:01am
Markets European shares pare early gains as US inflation data feed rate hike jitters PARIS: European stocks ended modestly higher on Tuesday following upbeat corporate updates but pared most early ... Published 15 Feb, 2023 06:27am
World EU lifts growth forecast as eurozone skirts recession BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with... Published 14 Feb, 2023 07:03am
World EU lifts growth forecast as eurozone skirts recession BRUSSELS: Europe’s economy will grow more than previously forecast this year as it avoids a winter recession, with... Published 13 Feb, 2023 05:34pm
Business & Finance Eurozone banks ‘resilient’ but risks remain: ECB FRANKFURT: Eurozone banks have sufficient capital buffers to weather shocks and are benefitting from rising interest... Published 08 Feb, 2023 05:27pm
Markets European shares fall as strong US data set off rate hike worries PARIS: European shares fell on Monday, as fears that the global interest rate-hiking cycle could persist for longer... Published 07 Feb, 2023 06:07am
Business & Finance ECB raises rates, signals at least one more hike FRANKFURT: The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one... Published 03 Feb, 2023 06:17am
Business & Finance Loan demand falls as higher interest rates bite: ECB FRANKFURT: Demand for loans is falling in the eurozone as households and businesses grapple with higher borrowing... Published 01 Feb, 2023 07:06am
Markets European stocks slip on earnings jitters PARIS: European stocks slipped on Wednesday as lacklustre results from US software giant Microsoft fanned fears ... Published 26 Jan, 2023 05:58am
Markets European shares slip as economic growth data fuel rate hike concerns PARIS: European stocks fell on Tuesday as an improvement in economic activity in the euro zone spurred speculation... Published 25 Jan, 2023 06:25am
Markets European shares up as economic outlook improves PARIS: European stocks climbed on Monday, with technology firms spearheading gains, as optimism about the eurozone... Published 24 Jan, 2023 06:06am
Business & Finance Dollar slips vs euro on ECB rate hike bets NEW YORK: The dollar edged lower against the euro on Monday, as the common currency found support from European... Published 24 Jan, 2023 06:06am
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’