European Central Bank

  • Rupee fell marginally, closes at 61.62 vs US dollar 20-01-2014 06:12 PM

    The rupee fell marginally on Monday, hurt by broad gains globally in the dollar, but strong foreign fund inflows into domestic bonds prevented broader losses. Foreign institutional investors have been heavy investors in local debt, being net buyers for seven successive sessions to Friday, taking the total purchases for the...
  • Protesters block streets around European Central Bank 01-06-2013 07:03 AM

    Frankfurt: Crowds of anti-capitalist protesters on Friday blocked streets leading to the European Central Bank in Germany's financial capital, Frankfurt, to protest its role in pushing for austerity cutbacks as a way to fight the continent's debt crisis. Members of the Blockupy alliance linked arms for several hours in a...
  • Gold holds near two-week high; equities cap gains 06-05-2013 10:11 AM

    Singapore: Gold neared its highest level in more than two weeks on Monday, but gains may be capped by a rally in equity markets and promising US jobs data that dampened speculation the Federal Reserve may boost monetary stimulus. Bullion has slipped almost 12 per cent so far in 2013,...
  • 17 nations hit by Euro crisis, scenario worse than forecast 15-02-2013 10:00 AM

    The economy of the 17 nations in the Euro shrank by 0.6 per cent in the fourth quarter, which was worse than forecast. ...
  • New lifeline to Greece; pact to release euro 43.7 bn reached 27-11-2012 05:48 PM

    Berlin: Averting Greece bankruptcy, leaders of eurozone countries and IMF have agreed to unlock 43.7 billion euros to the heavily-indebted Greek economy. The breakthrough came after 12 hours of negotiations by eurozone finance ministers in Brussels which concluded last night. Two earlier attempts had failed to break the deadlock. This...
  • New Italian, Greek Govts race to limit damage 14-11-2011 06:15 PM

    Rome: Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent demand from investors. The president of Italy asked former European...
  • Ex-ECB VP Papademos made Greek interim PM 10-11-2011 06:31 PM

    Athens: Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone. The coalition will be sworn in on Friday, an official in the president's office said....
  • European Central Bank cuts rates by 0.25 pc 03-11-2011 06:49 PM

    Frankfurt: The European Central Bank cut interest rates by a quarter point to 1.25 per cent in a surprise move on Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. The move gave an immediate boost to stock markets, which...
  • World stocks fall for 8th day after a wild week 06-08-2011 07:30 AM

    New York: World stocks fell for an eighth day on Friday, with around $2.5 trillion wiped off the value of global equities this week, but hopes the European Central Bank will buy the bonds of Italy's heavily indebted government helped lift markets off the lows of the day. Better than...