‘Mild recession’ not enough to fight inflation: Lagarde FRANKFURT: European Central Bank president Christine Lagarde said Thursday that a “mild” eurozone recession was... Published 03 Nov, 2022 06:47pm
Markets ECB can’t just mirror Fed moves, Lagarde says FRANKFURT: The European Central Bank must be attentive to policy decisions by the US Federal Reserve, which... Published 03 Nov, 2022 03:18pm
Markets Europe’s debt market strains force some governments to rework trading rules Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help... Published 31 Oct, 2022 11:41am
Business & Finance European shares close higher, tracking Wall Street gains LONDON: European shares closed higher on Friday, as upbeat cues from Wall Street helped offset early losses ... Published 31 Oct, 2022 05:55am
Business & Finance ECB’s next rate move likely between 50 and 75 bps, Knot says AMSTERDAM: The European Central Bank (ECB) could hike its interest rates by 75 basis points again at its next policy... Published 30 Oct, 2022 04:56pm
Markets Croatia prepares for euro switch amid soaring inflation ZAGREB: With inflation mounting and precarious geopolitical headwinds rattling Europe, Croatia hopes that its... Published 30 Oct, 2022 11:16am
Markets Euro slips below parity, yen steady ahead of BOJ SINGAPORE: The euro held below parity on Friday as investors eyed a potential slowdown in future rate hikes by the... Published 28 Oct, 2022 10:10am
Business & Finance ECB raises interest rates again, cuts bank subsidies FRANKFURT: The European Central Bank raised interest rates again on Thursday and put the reduction of its bloated... Published 28 Oct, 2022 05:58am
World ECB warns of ‘looming recession’ as it again hikes rates FRANKFURT: The European Central Bank announced another jumbo interest rate hike on Thursday and said further... Updated 27 Oct, 2022 07:25pm
Markets Inflation surge puts focus on ECB’s balance sheet FRANKFURT: As eurozone inflation soars towards 10 percent, the European Central Bank has aggressively raised... Published 27 Oct, 2022 11:31am
Business & Finance IMF chief wants central banks to keep raising rates to hit ‘neutral’ level BERLIN: International Monetary Fund chief Kristalina Georgieva said on Wednesday that central banks should keep... Published 27 Oct, 2022 05:54am
Markets British pound extends recovery with 1% dollar gain LONDON: The pound recovered further Wednesday, jumping more than one percent against the dollar, as markets welcomed... Published 26 Oct, 2022 02:46pm
Business & Finance ECB again eyes jumbo rate hike to ‘tame inflation beast’ FRANKFURT: The European Central Bank is expected to set aside recession worries and deliver another jumbo interest... Published 25 Oct, 2022 05:51am
Markets ECB to go big again on Oct. 27 with 75 bps rate hike LONDON: The European Central Bank will go for another jumbo 75 basis point increase to its deposit and refinancing... Published 19 Oct, 2022 10:30am
Markets ECB engaged in bringing down inflation to 2% in two to three years from now PARIS: The European Central Bank (ECB) is engaged in bringing down inflation to 2% percent in “two to three years”... Published 10 Oct, 2022 01:12pm
Markets Rate hike bonanza among major central banks hits two decade peak in September LONDON: Major developed central banks delivered in September rate hikes at a pace and scale not seen in at least two... Updated 05 Oct, 2022 12:36pm
Business & Finance ECB will raise rates as high as needed to rein in core inflation PARIS: The European Central Bank will raise interest rates as much as needed to bring down core inflation although... Published 04 Oct, 2022 05:46pm
Opinion BoE in murky water with qualified ‘whatever it takes’ ‘Time-limited’ and ‘whatever it takes’ don’t sit comfortably together. Even if a law of diminishing ... Updated 02 Oct, 2022 06:17am
Opinion BoE in murky water with qualified ‘whatever it takes’ ‘Time-limited’ and ‘whatever it takes’ don’t sit comfortably together. Even if a law of diminishing ... Published 01 Oct, 2022 04:20am
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
Opinion A world running towards recession ‘Central banks are intent on driving the world economy perilously close to a recession. Late to see the worst... Published 23 Sep, 2022 05:50am
Markets ECB’s Lagarde says price stability priority before growth PARIS: The European Central Bank’s action may weigh on growth but price stability is the main priority, President... Published 16 Sep, 2022 02:55pm
Business & Finance Harsh winter could lead to social unrest in Europe: IMF WASHINGTON: A harsh winter could lead to social unrest in Europe, where Russia’s invasion of Ukraine has already... Published 15 Sep, 2022 05:57am
Markets Indian rupee seen higher on RBI rate hike bets MUMBAI: The Indian rupee is seen opening stronger on Tuesday after higher-than-expected retail inflation data... Published 13 Sep, 2022 10:58am
Markets Oil prices rise as supply uncertainty mounts LONDON: Oil prices rose on Monday as Iranian nuclear talks appeared to hit obstacles and an embargo on Russian oil... Published 13 Sep, 2022 06:12am
Markets Gold, silver jump NEW YORK: Gold jumped 1% and silver rallied over 6% on Monday bolstered by a weaker dollar, while investors awaited... Published 13 Sep, 2022 06:12am
Markets ECB governors see rising risk of rate hitting 2% to curb inflation PRAGUE: European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to... Published 12 Sep, 2022 10:06am
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
Business & Finance ECB governors see rising risk of rate hitting 2% to curb inflation PRAGUE: European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to... Published 10 Sep, 2022 07:58pm
Business & Finance US dollar gains as Fed doubles down on tightening stance; euro falls NEW YORK: The US dollar rose on Thursday after Federal Reserve Chair Jerome Powell reiterated that it will continue... Published 09 Sep, 2022 06:09am