The European Central Bank will maintain its ultra-easy policy stance until it is happy with the path of inflation in the euro zone, ECB's policymaker Philip Lane said, citing a new round of cheap loans to banks as one of the available tools. More »
The European Central Bank should be careful not to miss the right moment to tweak its policy stance, Bundesbank President Jens Weidmann, one of the ECB's top critics, said on Friday. More »
European Central Bank policymakers meeting on Thursday were in broad agreement that their next step will be reducing their bond purchases and discussed four options, two sources with direct knowledge of the discussion said. More »
Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from crisis, and assured them that they would not regret it. More »
Ratings firm DBRS said Wednesday it was "very unlikely" its rating for Spain would be immediately damaged by the rich Catalonia region voting for independence in October's disputed referendum. More »
The leaders of Germany and France said on Tuesday they are ready to press ahead with deeper European integration, promising a tighter euro zone at the core of the European Union shaken by Britain's vote to leave. More »
New accounting rules for banks risk exacerbating economic crises by making them reluctant to lend if the economy suddenly worsens, the European Union’s financial stability watchdog said on Monday. More »
Governor of the Bank of France Francois Villeroy de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin, Germany, September 23, 2016. International bank regulators need to finalize tortuous negotiations on new bank cap... More »
FILE PHOTO: Bank of Canada Governor Stephen Poloz (L) speaks with Bank of England governor Mark Carney as they gather for a family photo after a meeting of G-20 finance ministers and central bank governors during the IMF-World Bank annual meetings in Washingto... More »
FILE PHOTO: Fabrice Bregier (L), Airbus President and Chief Executive Officer and Tom Enders (R), Chief Executive Officer of Airbus Group, at the Airbus headquarters in Toulouse April 11, 2015. REUTERS/Adrien Helou/File Photo Airbus unveiled on Monday a corpor... More »
A Banca Popolare di Vicenza sign is seen in Rome, Italy, March 29, 2017. REUTERS/Alessandro Bianchi Italy’s multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during th... More »
FILE PHOTO: An employee of GSA Austria ( Money Service Austria ) holds a wad of new 100 euro banknotes at the company’s headquarters in Vienna July 22, 2013. REUTERS/Leonhard Foeger Although a better economy is helping global banks to turn the corner a decade ... More »
FILE PHOTO: The European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo The European Central Bank has requested enhanced powers to supervise clearing activities, it said on Friday, a move to shore up its... More »
FILE PHOTO: A huge Euro logo is pictured by the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011. REUTERS/Ralph Orlowski/File Photo The impact of the European Central Bank’s 2.3 trillion asset purchase program on inflation has b... More »
Greek Prime Minister Alexis Tsipras (L) welcomes French Finance Minister Bruno Le Maire at his office in Maximos Mansion in Athens, Greece, June 12, 2017. REUTERS/Costas Baltas Euro zone finance ministers and the International Monetary Fund are likely to strik... More »
FILE PHOTO: People walk past a UniCredit bank in downtown Rome, May 10, 2016. REUTERS/Tony Gentile/File Photo The chief executive of UniCredit (CRDI.MI), Italy’s biggest bank by assets, said on Sunday he was confident a solution for the country’s two ailing Ve... More »
European Central Bank President Mario Draghi listens during a news conference following the Governing Council meeting in Tallinn, Estonia, June 8, 2017. REUTERS/Ints Kalnins Euro zone bond yields hit multi-month lows and the euro dipped below $1.12 on Thursday... More »
FILE PHOTO: European Central Bank President Mario Draghi (R) and his wife (L) arrive at the Petruzzelli Theatre during a G7 for Financial ministers in the southern Italian city of Bari, Italy May 11, 2017. REUTERS/Alessandro Bianchi/File Photo European Central... More »
An European Union (EU) flag is pictured during a ceremony in Lausanne, Switzerland May 4, 2017. REUTERS/Denis Balibouse The EU executive will suggest on Wednesday the euro zone might need to issue collective debt and run a joint budget, among proposals for bol... More »
German Foreign Minister Sigmar Gabriel address the media after a private meeting in Mexico City, Mexico, May 19, 2017. REUTERS/Edgard Garrido German Foreign Minister Sigmar Gabriel on Monday urged euro zone finance ministers and the International Monetary Fund... More »
The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski/File Photo Discord between the euro zone’s three largest countries is stalling the European Central Bank’s efforts to come up with ... More »
Canada’s Finance Minister Bill Morneau (R) speaks with Bundesbank President Jens Weidmann during the G7 for Financial ministers meeting in the southern Italian city of Bari, Italy May 12, 2017. REUTERS/Alessandro Bianchi An economic recovery and robust outlook... More »
FILE PHOTO: German Finance Minister Wolfgang Schaeuble attends a lower house of parliament Bundestag session in Berlin, Germany, April 27, 2017. REUTERS/Hannibal Hanschke/File Photo German Finance Minister Wolfgang Schaeuble wants to increase in integration of... More »
German Finance Minister Wolfgang Schaeuble takes part in a eurozone finance ministers meeting in Brussels, Belgium March 20, 2017. REUTERS/Yves Herman German Finance Minister Wolfgang Schaeuble, a key figure in Berlin’s handling of the euro zone crisis and Gre... More »
European Central Bank executive board member Peter Praet attends the 2016 Institute of International Finance (IIF) Spring Membership meeting in Madrid, Spain, May 25, 2016. REUTERS/Susana Vera The European Central Bank’s chief economist stood by the ECB’s pled... More »
FILE PHOTO: The logo of Veneto Banca bank is seen in Venice, Italy, January 31 2016. REUTERS/Alessandro Bianchi/File Photo Italy’s plans to bail out two regional banks pose a tough dilemma to European regulators, who are still considering whether Monte dei Pas... More »
A slogan reads ” The poor vote for NO” next to a mailbox outside a closed Hellenic Post branch in Athens, Greece, March 20, 2017. REUTERS/Alkis Konstantinidis The European Central Bank and two senior euro zone officials were among the intended targets of booby... More »
FILE PHOTO: European Central Bank (ECB) headquarters in Frankfurt, Germany, July 29, 2016. REUTERS/Ralph Orlowski/File Photo Euro zone money markets on Friday showed around an 80 percent chance that the European Central Bank could lift its deposit rate at its ... More »
FILE PHOTO: German Chancellor Angela Merkel arrives at the EU summit in Brussels, Belgium, March 9, 2017. REUTERS/Dylan Martinez/File photo She is controlled and cautious, a physicist from East Germany who takes her time making decisions and has never relished... More »
A man counts U.S dollar bills at a money exchange office in central Cairo, Egypt, March 7, 2017. REUTERS/Mohamed Abd El Ghany The dollar firmed to seven-week highs against the yen on Friday, as investors awaited U.S. jobs data ahead of next week’s Federal Rese... More »
The likelihood of a more aggressive U.S. Fed after an expected March rate rise failed to dent stock market investments over the past week, with equity funds receiving $11.8 billion for a 10th straight week of inflows, data showed on Friday. More »
President of the European Central Bank (ECB) Mario Draghi arrives for a news conference after the bank’s governing council meeting at the ECB headquarters in Frankfurt, Germany, March 9, 2017. REUTERS/Kai Pfaffenbach The European Central Bank no longer sees a ... More »
The European Central Bank should roll back its monetary stimulus since inflation in the euro zone has reached its price stability objective, the head of Germany’s Ifo economic institute said on Thursday as the central bank gathered for a policy meeting. More »
An employee works on an assembly line producing automobiles at a factory in Qingdao, Shandong Province, China, March 1, 2016. REUTERS/Stringer/File Photo Asian factories extended a global manufacturing revival as activity picked up steam in February, though th... More »
FILE PHOTO:A worker walks in the foundry at the Areva Creusot Forge site in Le Creusot, France, January 11, 2017. REUTERS/Robert Pratta/File Photo Euro zone inflation rose to an annual rate of 1.8 percent in January, the European Union statistics agency said o... More »
Greek Finance Minister Euclid Tsakalotos talks to European Economic and Financial Affairs Commissioner Pierre Moscovici (R) during a eurozone finance ministers meeting in Brussels, Belgium February 20, 2017. REUTERS/Francois Lenoir Greece and its international... More »
FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »
Greek Prime Minister Alexis Tsipras (L) welcomes European Economic and Financial Affairs Commissioner Pierre Moscovici at the Maximos Mansion in Athens, Greece February 15, 2017. REUTERS/Alkis Konstantinidis European Economic and Financial Affairs Commissioner... More »
FILE PHOTO: The European Central Bank (ECB) headquarters is pictured in Frankfurt, Germany, January 21, 2015. REUTERS/Kai Pfaffenbach/File Photo The European Central Bank can set binding requirements if it thinks a bank is not cutting its pile of unpaid loans ... More »
The Greek (L) and European Union flags are seen behind a stop sign in front of the Greek embassy in Vienna, Austria, February 25, 2016. REUTERS/Leonhard Foeger Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dis... More »
Pound coins are seen in front of a displayed EU flag in this picture illustration taken January 18, 2017. REUTERS/Dado Ruvic/Illustration The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France wo... More »
The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, September 8, 2016. REUTERS/Ralph Orlowski/File Photo The European Central Bank never tries to manipulate the euro exchange rate to achieve trade or competitive policy goals... More »
FILE PHOTO: German Chancellor Angela Merkel attends a press conference in Warsaw, Poland, February 7, 2017. REUTERS/Kacper Pempel/File Photo The euro zone must remain as one bloc, German Chancellor Angela Merkel said on Thursday, urging members of the single c... More »
FILE PHOTO: German Chancellor Angela Merkel arrives for a welcoming ceremony during the Group of 20 (G20) leaders summit in the Mediterranean resort city of Antalya, Turkey, November 15, 2015. REUTERS/Murad Sezer/File Photo Germany will press the Group of 20 t... More »
DAY 8 / JANUARY 27: Trump’s order to restrict people from seven Muslim-majority countries from entering the United States sparked confusion and anger after immigrants and refugees were kept off flights and left stranded in airports. REUTERS/Carlos Barria Presi... More »
FILE PHOTO: French Central bank Governor Francois Villeroy de Galhau attends the 2016 Institute of International Finance (IIF) Spring Membership meeting in Madrid, Spain, May 25, 2016. REUTERS/Susana Vera/File Photo Bank of France Governor Francois Villeroy de... More »
U.S. dollar note and a Euro coin are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration Although the euro is almost 30 percent weaker against the dollar than at its peak, this is a valid reflection of the bloc’s economic state ... More »
Bill Gross, co-founder of Pacific Investment Management Company (PIMCO), speaks at the Morningstar Investment Conference in Chicago, Illinois, in this file photo dated June 19, 2014. REUTERS/Jim Young Bond investor Bill Gross said on Monday that without quanti... More »
Wolfgang Schaeuble, German Minister of Finance attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich Germany believes the International Monetary Fund (IMF) will remain on board with Greece’s bailout,... More »
FILE PHOTO: German Chancellor Angela Merkel addresses the media at the Chancellery in Berlin, Germany, January 18, 2017. REUTERS/Fabrizio Bensch/File Photo A serious challenger to German Chancellor Angela Merkel is forcing global investors to parse another pot... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ‘Luminale, light and building’ event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo For seven years, the United States has ... More »
Unicredit’s bank logo is pictured on block notes and pens at the headquarters in Milan, Italy, February 9, 2016. REUTERS/Stefano Rellandini/File Photo Italy’s biggest bank UniCredit (CRDI.MI) said on Monday its end-2016 capital ratios will not meet requirement... More »
European Central Bank (ECB) President Mario Draghi addresses a news conference at the ECB headquarters in Frankfurt, Germany, January 19, 2017. REUTERS/Kai Pfaffenbach Rising inflation in the euro zone is primarily being driven by fluctuating energy prices and... More »
German Economy Minister Sigmar Gabriel addresses a news conference in Berlin Germany, December 19, 2016. REUTERS/Fabrizio Bensch Germany’s insistence on austerity in the euro zone has left Europe more divided than ever and a break-up of the European Union is n... More »
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski A sharp rebound in euro zone inflation and a better-than-expected business outlook are certain to fire up demands f... More »
Greek Finance Minister Euclid Tsakalotos delivers a speech during a parliamentary session before a budget vote in Athens, Greece, December 10, 2016. REUTERS/Alkis Konstantinidis Greek Finance Minister Euclid Tsakalotos on Thursday defended Athens’ plans to pay... More »
The main entrance of the Monte dei Paschi bank headquarters is seen in Siena, Italy March 13, 2012. REUTERS/Max Rossi/File Photo The European Central Bank has rejected a request by Italy’s Monte dei Paschi di Siena (BMPS.MI) for more time to raise capital, a s... More »
Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fu... More »
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo New financial technology, or “fintech,” poses fresh challenges for central banks in maintaining ba... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo The European Central Bank is ready to t... More »
Governor of the Bank of France Francois Villeroy de Galhau attends a press conference after the Franco-German Financial Council meeting in Berlin, Germany, September 23, 2016. REUTERS/Axel Schmidt Italian voters’ defeat of a referendum on constitutional reform... More »
A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena, Italy, November 5, 2014. REUTERS/Giampiero Sposito/File Photo Monte dei Paschi di Siena (BMPS.MI) said Italian market regulator Consob had approved its debt-to-equity conversion offer whi... More »
A two Euro coin is pictured next to an English ten Pound note in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration/File Photo Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks... More »
German Finance Minister Wolfgang Schaeuble takes questions from reporters during a press conference with Chinese Finance Minister Lou Jiwei (not pictured) at the annual meetings of the IMF and World Bank Group in Washington October 7, 2016. REUTERS/James Lawle... More »
The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts/File Photo Clues on future U.S. policy under Donald Trump rather than economic data are likely to dominate minds and markets in the week ahead, given a U.S. interest rate h... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo The European Central Bank is talking to... More »
European Central Bank Vice President Vitor Constancio speaks during a Reuters Newsmaker event in New York February 19, 2016. REUTERS/Brendan McDermid The European Central Bank does not need to react to recent sharp increase in sovereign bond yields as post-ele... More »
The German share prize index (DAX) board is seen at the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach The U.S. dollar hit an 11-month peak on Monday as the r... More »
The euro zone economy is on a solid run, with a string of good data pointing to a consumption-led recovery, but investment is still lagging so it is far from clear if forecasts need to be revised, ECB policymaker Yannis Stournaras said. More »
The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany, September 8, 2016. REUTERS/Ralph Orlowski/File Photo A European Central Bank push to iron out differences in how banks calculate capital requirements will inadvertently hel... More »
U.S. President elect Donald Trump speaks at election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Mike Segar/File Photo After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week o... More »
Pedestrians walk past the headquarters of the European Central Bank (ECB) in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski The euro zone housing market is on its best run since the global financial crisis but prices on average are still only in ... More »
The headquarters of the European Central Bank (ECB) are illuminated with a giant euro sign at the start of the ”Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. EUTERS/Kai Pfaffenbach/File Photo Euro zone states should implement struc... More »
Storm clouds are seen above the Canary Wharf financial district in London, Britain, August 3, 2010. REUTERS/Greg Bos/File Photo Britain needs to focus its efforts on the banking sector when negotiating new financial trading terms with the European Union as the... More »
Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem gestures during a European Union finance ministers meeting in Brussels, Belgium, July 12, 2016. REUTERS/Francois Lenoir A reform of global banking rules should focus on lenders’ internal models... More »
Nobel Prize-winning economist Joseph Stiglitz attends a keynote presentation during CLSA investors conference in Hong Kong, China September 19, 2016. REUTERS/Bobby Yip Nobel Prize-winning economist Joseph Stiglitz predicted in a interview out on Wednesday that... More »
European Central Bank (ECB) President Mario Draghi addresses the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium September 26, 2016. REUTERS/Yves Herman European Central Bank interest rates will stay low until euro zone econo... More »
European Central Bank (ECB) President Mario Draghi leaves an elevator after a meeting with German lawmakers in Berlin, Germany, September 28, 2016. REUTERS/Axel Schmidt Euro zone inflation could approach the ECB’s target by late 2018 or early 2019 and so far t... More »
A customer counts his U.S. dollar notes in a bank in Cairo, Egypt March 10, 2016. REUTERS/Amr Abdallah Dalsh Monetary policy in developed markets like Japan and Europe is failing, and faltering in the U.S., in substantial part because globalization has altered... More »
Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), attends a Lamfalussy Lectures Conference in Budapest, Hungary, February 1, 2016. REUTERS/Laszlo Balogh The euro zone risks falling into a trap of low growth and low interest rates... More »
European Central Bank (ECB) President Mario Draghi waits to address the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium, June 21, 2016. REUTERS/Francois Lenoir/File Photo Economic imbalances within the euro zone risk destabil... More »
Yves Mersch, Member of the Executive Board of the European Central Bank presents an oversized newly unveiled 10 euro note at the headquarters of the European Central Bank (ECB) in Frankfurt, January 13, 2014. REUTERS/Ralph Orlowski European regulators must tel... More »
A man walks on a logo of the Monte Dei Paschi Di Siena bank in Rome, Italy September 24, 2013. REUTERS/Alessandro Bianchi/File Photo European regulators expect Italian bank Monte dei Paschi di Siena will have to turn to the government for support, three euro z... More »
European Central Bank (ECB) President Mario Draghi attends a news conference at the ECB headquarters in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski Financial services are shifting away from banks in the euro zone to the so-called ‘shadow banki... More »
The offices of Pacific Investment Management Co (PIMCO) (R) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central ... More »
President of the Deutsche Bundesbank Jens Weidmann speaks during a meeting in Rome, Italy April 26, 2016. REUTERS/Tony Gentile/File Photo Financial institutions based in Britain will lose so-called passporting rights allowing them to operate across the Europea... More »
A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena, Italy, November 5, 2014. REUTERS/Giampiero Sposito/File Photo – RTX2ORXD The European Central Bank has given a preliminary nod to the possible appointment of Marco Morelli, head of Bank o... More »
A British flag and an EU flag are seen in front of a monitor displaying a graph of the Japanese yen’s exchange rate against the U.S. dollar at a foreign exchange trading company in Tokyo, Japan, June 27, 2016. REUTERS/Toru Hanai German Economy Minister Sigmar ... More »
A picture illustration of crumpled kuna, Dollar and euro banknotes, taken in Zagreb January 18, 2011. REUTERS/Nikola Solic Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a t... More »
LONDON Economists from the International Monetary Fund have urged the European Central Bank to concentrate on asset purchases rather than cutting its already negative interest rates again, if it needs to stimulate the euro zone economy again. A blog published ... More »
LONDON/SYDNEY British manufacturers slammed on the brakes last month after the Brexit vote and growth eased in the euro zone, surveys indicated, with factories in China, Japan and elsewhere in Asia offering only crumbs of comfort. A U.S. version due later Mond... More »
MILAN Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday. The country’s... More »
BRUSSELS Inflation rose more than expected in the euro zone in July, driven mostly by higher prices of food, alcohol and tobacco products, according to a first estimate from the EU’s statistics agency released on Friday. Eurostat said that inflation in the 19 ... More »
FRANKFURT Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain’s shock vote to leave the EU. As they wait for political reassurances and greater... More »
FRANKFURT The European Central Bank kept interest rates unchanged on Thursday but left the door open to more policy stimulus, highlighting “great” uncertainty and abundant risks to the economic outlook. Signalling a readiness to act, ECB President Mario Draghi... More »
FRANKFURT European Central Bank President Mario Draghi said on Thursday events in Turkey since the coup attempt may impact economic sentiment in the euro zone. “It is very difficult to see how these geopolitical events will affect the (euro zone) economy,” he ... More »
FRANKFURT European Central Bank President Mario Draghi is likely to plead for governments to do more to boost the euro zone’s economy in the coming week as the fallout of Britain’s vote to leave the EU and weaker global growth threaten the bloc’s fragile recov... More »
AMSTERDAM Britain will not be able to dictate the terms of a new trade deal to the European Union after it leaves the bloc, the chair of the euro zone finance ministers’ council said, accusing leave campaigner Nigel Farage of “living in his own world.” Farage,... More »
LONDON/BERLIN German Chancellor Angela Merkel sought on Saturday to temper pressure from Paris, Brussels and her own government to force Britain into negotiating a quick divorce from the EU, despite warnings that hesitation will let populism take hold. Eurosce... More »
ZURICH Central banks are ready to cooperate to support financial stability in the wake of Britain’s vote to leave the European Union, the Bank for International Settlements said on Saturday. Central bankers gathered at the organization’s global economy meeting... More »
We use cookies!
By using this site you agree to the use of cookies, more info.