Sterling was flat on the day at $1.3115, nursing losses after it skidded in the previous session against a backdrop of political turmoil as British lawmakers this week debate the U.K. government's plans for leaving the European Union. More »
FILE PHOTO – French Finance Minister Bruno Le Maire attends a news conference about a report on French economy at the Bercy Finance ministry in Paris, France, September 14, 2017. REUTERS/Philippe Wojazer BERLIN/PARIS (Reuters) – French Finance Minister Bruno L... More »
French Finance Minister Bruno Le Maire will meet German officials in Berlin this week to discuss the future of the euro zone and assess his own prospects of becoming the next chairman of the Eurogroup forum of finance ministers. More »
The euro had its worst day against the dollar in 16 months on Thursday after the European Central Bank began weaning the euro zone off loose monetary policy, while U.S. Treasury yields rose slightly, hurt by weak demand at an auction of 7-year notes. More »
The European Central Bank on Thursday took a step towards weaning the euro zone off loose money on Thursday but promised years of stimulus and even left the door open to backtracking. More »
Wages and inflation in the 19-country euro zone will eventually rise but more slowly than earlier thought, requiring continued patience from policymakers, European Central Bank President Mario Draghi said on Saturday. More »
European Central Bank policy will remain accommodative for longer than in previous cases of demand shock, likely limiting the negative impact of the euro's appreciation, ECB Executive Board member Benoit Coeure said on Monday. More »
Euro zone inflation could rise back the European Central Bank's target of almost 2 percent in 2020 as ECB President Mario Draghi predicted on Thursday, Latvian central bank chief Ilmars Rimsevics told a news conference on Friday. More »
The dollar remained mired near its lowest levels since early 2015 as European Central Bank President Mario Draghi's suggestion that it may begin tapering its massive stimulus programme this autumn continued to underpin the euro. More »
U.S. gasoline futures rose to a two-year high on Monday as Tropical Storm Harvey pummeled the heart of America's energy sector, while the euro hit a 2-1/2-year peak after the European Central Bank president refrained from talking down the currency. More »
Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump's ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress. More »
The dollar steadied on Monday, edging away from four-month lows against the yen plumbed in the previous session as investors turned their focus from political turmoil in Washington to the Federal Reserve's annual central banking conference in Wyoming. More »
FILE PHOTO: Customers push shopping trolleys on an escalator at the Bercy shopping centre in Charenton Le Pont, near Paris, August 29, 2013. Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts an... 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 »
Picture of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, July 6, 2017. REUTERS/Staff/Remote World stocks are poised to end the week at six-week lows in the face of oil weakness, a spike in bond yields and anticipation of... More »
Rain clouds pass over the Canary Wharf financial district in London, Britain July 1, 2016. REUTERS/Reinhard Krause/File Photo British companies are giving ominous signs about the economy, just as the government embarks on European Union divorce negotiations, d... More »
FILE PHOTO: U.S. Dollar and Japan Yen notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo The dollar slipped against the yen on Wednesday on concerns about rising tensions between the United States and North K... More »
FILE PHOTO: Finished cars are stored at the SEAT factory in Martorell, near Barcelona, Spain March 24, 2017. REUTERS/Albert Gea/File Photo Factories across the euro zone rounded off the first half of 2017 by ramping up activity at the fastest rate for over six... More »
FILE PHOTO: Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo, Japan, February 9, 2016. REUTERS/Issei Kato Asian stocks held two-years highs on Monday, starting the new month on a solid footing after two quarters of gains while expectatio... 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 »
People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan June 2, 2017. REUTERS/Toru Hanai Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank’s p... More »
FILE PHOTO: Dollar banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/Illustration/File Photo The dollar edged lower after notching an eight week high against the yen on Thursday in Asian trade, while the New Zealand dolla... More »
FILE PHOTO: Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem talks to the media as he arrives at European Union finance ministers meeting in Brussels, Belgium, February 21, 2017. REUTERS/Francois Lenoir/File Photo Jeroen Dijsselbloem could we... More »
FILE PHOTO – A police officer keeps watch in front of the U.S. Federal Reserve in Washington, DC, U.S. on October 12, 2016. REUTERS/Kevin Lamarque/File Photo U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation ... 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 »
People are seen behind an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock market, in Tokyo, Japan, January 4, 2017. REUTERS/Kim Kyung-Hoon Stocks rose, t... 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 »
A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai Stocks rose in Europe and Asia on Thursday and yields fell on some of the euro zone’s battered low-rated bonds as investors put aside the political r... 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 »
Investors pulled cash from stock funds and bought government bonds during the latest week, favoring a defensive stance over the risk-trading spectacle that has followed the presidential election, Lipper data for U.S.-based funds showed on Thursday. 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 »
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 »
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 »
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 »
Euro and Dollar banknotes are seen in a picture illustration taken October 19, 2016. REUTERS/Leonhard Foeger The dollar edged up to a fresh eight-month high against a basket of currencies in Asian trade on Monday, buoyed by expectations that the U.S. Federal R... More »
Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid Federal Reserve Chair Janet Yellen’s speech on Friday on running a “high pressure” economy ... More »
A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Major U.S. stock indexes gained on Wednesday, boosted by financial shares amid encouraging economic data and by the energy sector as oil pric... 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 »
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 »
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 »
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 called on Wednesday for a “strong agreement” with Greece to ensure it stays in the euro zone and also has a sustainable economy. He said negotiations had not yet reached the point where the ECB could loose... More »
BERLIN/BRUSSELS The leaders of Germany, France and Greece’s international creditor institutions agreed late on Monday to work with “real intensity” in the coming days as they try to clinch a deal in debt negotiations with Athens. Athens and its creditors from ... More »
LONDON Years of uncertainty and economic pain spent keeping Greece in the euro zone boils down in June to a handful of make-or-break debt repayments, while a raft of key data in the next few days will point to the progress of the global economy. The threat pos... More »
ROME European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc’s economies, saying sharing sovereignty was an opportunity and not a threat. Draghi is pushing governments not to waste the time ECB mone... More »
SINTRA, Portugal The president of the European Central Bank called on euro zone countries to reform their economies, warning that future growth, in the face of entrenched unemployment and low investment, will be modest. Although not the first time Mario Draghi... More »
ATHENS Greek Finance Minister Yanis Varoufakis has raised a fresh furor by telling a newspaper that he taped a confidential meeting of euro zone finance ministers, drawing criticism that he was undermining Greece’s efforts to secure aid from lenders. Since ass... More »
LONDON Following a recent sell-off in German bunds, pension fund managers are resisting making any major changes to their exposure to European government debt, confident that demand from the European Central Bank (ECB) will stabilize markets. Around a third of... More »
BRUSSELS (Reuters) – “We’re going bust.” “No, you’re not.” “You’re strangling us.” “No we’re not.” “You owe us for World War Two.” “We gave already.” The game of chicken between Greece and its international creditors is turning into a vicious blame game as Ath... More »
RIGA (Reuters) – Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. Greek Finance Minister Yanis Varoufakis faced a harsh... More »
