European Central Bank

  • European Central Bank hacked, blackmailed 5 days ago

    Berlin: The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive data were compromised. The security breach involved a database serving part of the website that gathers registrations...
  • Rupee rises most in a fortnight, up 16 paise against US dollar to end at 59.17 June 6, 2014

    Mumbai: The rupee on Friday appreciated 16 paise, logging its biggest daily rise in a fortnight, to end at 59.17 against the US dollar on the back of a surge in local equities and hefty capital inflows. Dollar selling by exporters also aided the rupee rise while the dollar index was...
  • Rupee fell marginally, closes at 61.62 vs US dollar January 20, 2014

    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 month...
  • Protesters block streets around European Central Bank June 1, 2013

    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 steady...
  • Gold holds near two-week high; equities cap gains May 6, 2013

    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, having...
  • 17 nations hit by Euro crisis, scenario worse than forecast February 15, 2013

    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 November 27, 2012

    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...
  • Gold hits 4 month high on US Fed stimulus hopes August 27, 2012

    Singapore: Gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant. The Fed had room to deliver additional monetary stimulus to stoke economic growth, said the central bank's chief Ben Bernanke,...
  • European Central Bank cuts rates to new low July 6, 2012

    Frankfurt: The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financial crisis. By cutting its key refinancing rate by a quarter percentage point to 0.75, a move that was...
  • ECB cuts rates to aid flagging euro zone economy July 5, 2012

    Frankfurt: The European Central Bank cut interest rates to a record low on Thursday to breathe life into a deteriorating euro zone economy and back up measures agreed by government leaders last week to tackle the bloc's debt crisis. The quarter-point cut in the ECB's main refinancing rate to 0.75 per...
  • Brussels's 'New Deal' to save Euro June 30, 2012

    Brussels: Under pressure to prevent a catastrophic breakup of their single currency, Eurozone leaders agreed on Friday to let their rescue fund inject aid directly into stricken banks from next year and intervene on bond markets to support troubled member states. They also pledged to create a single banking supervisor for...
  • Sensex ends flat; ONGC up 3 pc ahead of auction February 29, 2012

    Mumbai: The market closed on a flat note looking cautious ahead of the second tranche of long term refinancing operation (LTRO) by European Central Bank to be announced after 15:45 hours IST. The market was quite strong since morning, but disappointing FY12 Q3 GDP data and cautious mood ahead of...
  • Europe seals new Greek bailout but doubts remain February 22, 2012

    Brussels: Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses. The complex deal wrought in overnight negotiations buys time to stabilize the 17-nation currency bloc...
  • Eurozone seals Greek bailout worth 130 bn euros February 21, 2012

    Brussels: Eurozone finance ministers approved on Tuesday a second bailout for debt-laden Greece that will resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy. After a marathon 12 hours of talks through the night, euro zone officials said ministers had agreed measures to cut Greece's debt...
  • New Italian, Greek Govts race to limit damage November 14, 2011

    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 Commissioner...
  • Ex-ECB VP Papademos made Greek interim PM November 10, 2011

    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. Papademos, a...
  • European Central Bank cuts rates by 0.25 pc November 3, 2011

    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 will...
  • World stocks fall for 8th day after a wild week August 6, 2011

    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 expected...
  • US Fed Reserve steps up action to stem global crisis September 18, 2008

    Washington: Scrambling to break the grip of a worsening global credit crisis, the Federal Reserve on Thursday pumped $55 billion into the United States' financial system. The Federal Reserve Bank of New York's came in two operations injecting cash into temporary reserves, a move aimed to help ease a strained financial...