Eurozone inflation jumps to record 10pc BRUSSELS: Eurozone consumer prices skyrocketed by a record 10 percent in September, official data showed on Friday,... Updated 01 Oct, 2022 11:06am
Opinion Embattled emerging markets face fresh pain from US rate hikes The prospect of US interest rates climbing to levels last seen in the run-up to the global financial crisis has cast... Published 28 Sep, 2022 05:51am
Sports ECB offers to host Test series between Pakistan, India The England and Wales Cricket Board (ECB) has offered to host the Pakistan-India Test series in the future, The... Published 27 Sep, 2022 10:29pm
Business & Finance ECB to keep hiking rates even as growth slows: Lagarde FRANKFURT: The European Central Bank expects to keep hiking interest rates to combat soaring inflation, its... Published 26 Sep, 2022 08:19pm
Markets ECB must keep raising rates despite downturn, Schnabel says FRANKFURT: The euro zone is facing an economic downturn but inflation is still far too high, so interest rates need... Published 22 Sep, 2022 11:34am
Markets ECB wants banks to review capital plans given downturn, Enria says FRANKFURT: The euro zone banking sector is robust ahead of a possible recession but the European Central Bank is... Published 19 Sep, 2022 03:20pm
Business & Finance Dollar falls ahead of US inflation data; euro jumps NEW YORK: The US dollar fell to its lowest level in about two weeks against a basket of currencies on Monday... Published 13 Sep, 2022 06:12am
Markets European stocks clock first weekly rise in four LONDON: European stocks marked their first weekly rise in four on Friday, boosted by a surge in banking shares on... Published 12 Sep, 2022 06:01am
Sports Third Test between England and South Africa to resume on Saturday LONDON: England’s third and deciding Test against South Africa at The Oval will resume on Saturday after the second... Published 09 Sep, 2022 06:47pm
Sports Second day of Test called off following death of Queen Elizabeth LONDON: The second day's play in the third Test between England and South Africa at The Oval will not take place on... Published 09 Sep, 2022 12:11am
Business & Finance ECB ramps up rates by unprecedented 75 bps to fight inflation FRANKFURT: The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday... Updated 08 Sep, 2022 10:07pm
Business & Finance Euro plunges to new 20-year low after Russian gas halt LONDON: The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main... Published 06 Sep, 2022 04:08am
Business & Finance ECB should raise rates at steady pace, chief economist says FRANKFURT: The European Central Bank should raise interest rates at a “steady pace” until the end of its hiking... Published 29 Aug, 2022 07:07pm
Business & Finance ECB needs another big rate hike in September, Kazaks says JACKSON HOLE: A euro zone recession is now very likely but that alone will not bring down inflation and the European... Published 27 Aug, 2022 06:23pm
Business & Finance Some ECB policymakers want 75 basis point hike discussed in Sept JACKSON HOLE: Some European Central Bank policymakers want to discuss a 75 basis point interest rate hike at the... Published 26 Aug, 2022 06:33pm
Business & Finance ECB accounts show inflation concerns intensifying European Central Bank policymakers meeting last month appeared increasingly concerned that high inflation was... Published 25 Aug, 2022 06:17pm
Markets European shares eke out gains on energy boost; July inflation at record high European shares inched higher on Thursday on a boost from oil stocks, with gains capped by growth fears as inflation... Published 18 Aug, 2022 03:07pm
Business & Finance ECB steps in as banks dip toes in crypto pool LONDON: The European Central Bank (ECB) said on Wednesday it would harmonise how banks offer cryptoassets to ensure... Published 17 Aug, 2022 07:47pm
Business & Finance ECB, IMF call on climate standard setters to align company disclosures LONDON: A global standard setter for company climate disclosures should align with European and US alternatives for... Published 09 Aug, 2022 03:37am
Business & Finance Possible for US, EU to avoid recession: Fed official WASHINGTON: The United States and the European Union can avoid recession and achieve a soft landing by bringing... Published 04 Aug, 2022 07:25am
Business & Finance German 2yr bond yield sees biggest drop since 2005 as PMIs fuel recession fears FRANKFURT: German two-year bond yields were set for their biggest daily fall since 2005 on Friday as data showing... Published 25 Jul, 2022 06:12am
Markets European shares log best week in two months despite volatility LONDON: European shares notched up their best week in two months on Friday as concerns over an energy supply crunch... Published 25 Jul, 2022 06:12am
Business & Finance Euro strengthens after ECB hikes faster than flagged NEW YORK: The euro rose against the U.S. dollar in a choppy session on Thursday, after the European Central Bank... Published 25 Jul, 2022 06:12am
Markets Strong results lift Europe’s STOXX 600; ECB hikes rates 50 bps PARIS: Europe’s STOXX 600 share index rose on Thursday, boosted by a run of upbeat corporate results although ... Published 22 Jul, 2022 06:07am
Markets Oil slumps on gasoline stockpiles, rate hikes and resuming supply NEW YORK: Oil prices were down about $3 a barrel on Thursday on higher US gasoline stockpiles and after a European... Published 22 Jul, 2022 06:07am
Business & Finance Euro rises vs dollar after ECB hikes faster than flagged NEW YORK: The euro jumped against the US dollar before paring gains in a choppy session on Thursday, after the... Published 22 Jul, 2022 06:07am
Business & Finance Weak pound hits two-week low vs euro after oversized ECB hike LONDON: The British pound hit a two-week low against the euro on Thursday after a larger-than-expected rate hike ... Published 22 Jul, 2022 06:07am
World ECB raises rates more than expected to fight off runaway inflation FRANKFURT: The European Central Bank raised interest rates by more than expected on Thursday, confirming that... Published 21 Jul, 2022 05:46pm
Markets Euro up as Russian gas returns, stocks waver ahead of ECB decision PARIS: The euro gained ground against the dollar on Thursday after Russia resumed gas supplies to Europe but stock... Published 21 Jul, 2022 05:42pm
Markets Euro holds near 2-week high, awaits ECB and Nordstream clarity LONDON: The euro held near two-week highs versus the dollar on Wednesday on expectations of a bigger ECB interest... Published 20 Jul, 2022 02:23pm
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’