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European banks to launch euro stablecoin in bid to counter US dominanceNine European banks, including ING and UniCredit, are creating a company to launch a euro-backed stablecoin, challenging U.S. dominance in ...- European banks form company to launch euro stablecoinA group of nine European banks, including ING and UniCredit, is creating a new company to launch a euro-backed stablecoin, highlighting tra...
- German economy shrinks at record pace in 'recession of a century'The Federal Statistics Office said gross domestic output in Europe's largest economy shrank by 10.1% quarter-on-quarter from April to June ...
- Draghi nears his QE3 as ECB seen relying on more stimulusDraghi's position is reminiscent of the one Ben Bernanke faced in 2012 when the then-chair of the U.S.Fed added his third installment of as...
- Low inflation back in focus at ECB policy meetingThe European Central Bank may have to consider fresh policy measures to prevent deflation in the single currency area, but will not move at...
- Swiss Central Bank cuts rate to curb Franc's gainsThe Swiss central bank unexpectedly cut interest rates and said it will increase the supply of francs to money markets to curb the "massive...
- $1 trillion rescue package only buys time: ECBExperts are questioning whether the $1 trillion rescue loan package would resolve the continent's underlying debt problem. Greece crisis | ...
- Global confidence index surges to 22-month high in AugConfidence in the world economy surged to a 22-month high in August on signs the worst global recession since World War II is coming to an ...
- EU service sector gains pace in MayExpansion in European service industries, the biggest part of the economy, gained pace for the first time in four months in May, supporting...
- German investor confidence rises to 6-month highGerman investor confidence increased more than expected in January to the highest level in six months on expectations economic growth will ...
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