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EUROPEAN CENTRAL BANK
Quote of the day by Napoléon Bonaparte: 'There is only one thing in this world, and that is to keep acquiring money and power' A life lesson on never-ending desire for money, influence and controlNapoléon Bonaparte’s famous quote on endlessly pursuing “money and more money” and “power and more power” reflects an extreme view of ambit...
UK's Revolut wins French banking licence in fresh push across EuropeFintech firm Revolut has obtained a French banking license. This move signifies a major step in its European expansion plans. The company i...
Europe’s economy faces the hard reality of climate change this summerThe intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hamp...
Global Market: Japan reveals record $40 billion yen-buying intervention as currency pressure persistsJapan carried out its largest-ever single-day currency intervention, deploying nearly $40 billion to support the yen amid sharp depreciatio...
FPIs, trading companies tap Sebi, centre for tax breatherInvestors from abroad are pressing regulators for a decrease in securities transaction taxes to alleviate the burden of double capital gain...
Euro zone services revival drives activity in July but outlook clouded by Iran war, PMI showsEuro zone business activity reached an eight-month high in July. Services activity rebounded, joining a strengthening manufacturing sector....
Factories faced weaker demand, higher costs in July as Iran war grinds onIn July, China's manufacturing activity experienced a decline attributed to dwindling demand alongside escalating costs. Meanwhile, the Eur...
Global Market: Euro zone bond yields decline as falling oil prices boost market sentimentEuro zone government bond yields declined after oil prices retreated on hopes of easing Middle East tensions, reducing inflation concerns a...
Charting the Global Economy: Central banks hold the lineGlobal central banks maintained interest rates this week due to rising energy costs. The Federal Reserve and Bank of England saw some offic...
Global Market: European shares hit record high as tech rally, earnings lift sentimentEuropean shares hit a record high on Friday as a rally in technology stocks, easing crude oil prices and upbeat corporate earnings lifted i...
Euro zone inflation ticks up in July, bolstering rate hike caseEuro zone inflation increased to 2.9% in July, driven by higher oil prices. Underlying inflation also accelerated, indicating broader price...
Bank of England policymakers keep rates on hold but more back hikeThe Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possi...
Euro zone bonds snap three-day rally, yields rise with oilAs oil prices surged on Wednesday, Euro zone government bonds experienced a decline. Heightened hostilities in the Middle East were a major...
Global Market: Japan's 10-year bond yield climbs as fiscal concerns weigh on market ahead of BOJ meetingJapan's 10-year government bond yield edged higher as uncertainty over funding for proposed food tax cuts weighed on investor sentiment. Ma...
Global Market: ECB may need more rate hikes to curb inflation risks, says KazimirSlovak central bank governor Peter Kazimir warned that the European Central Bank may need to raise interest rates at least once more to con...
European shares gain as SAP lifts tech stocks; Middle East on watchEuropean shares saw a rise on Friday, recovering from previous losses. Investors reacted positively to select corporate earnings reports an...
Global Market: ECB signals future debate on raising bank reserve requirements to reduce central bank lossesThe European Central Bank may increase minimum reserve requirements for commercial banks. This move could reduce interest payments made to ...