European Central Bank

ECB’s Visco says new stimulus was necessary to counter deflation risk

European Central Bank policymaker Ignazio Visco said on Saturday recent expansionary measures agreed by the… Read More

Christine Lagarde continues to break glass ceilings

Christine Lagarde has made a career out of breaking glass ceilings in the halls of… Read More

Eurozone growth at highest pace in six years: survey

BRUSSELS: The eurozone economy grew at its fastest pace in six years in February, as… Read More

Eurozone inflation, jobless figures steady

BRUSSELS, BELGIUM: Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as… Read More

Days are numbered for 500-euro banknote

FRANKFURT: The European Central Bank is set to decide on Wednesday the fate of the… Read More

WTO cuts 2016 global trade forecast to 2.8%

GENEVA: The World Trade Organization on Thursday revised its 2016 global trade forecast downward by… Read More

Eurozone jobless rate falls marginally, outlook uncertain

BRUSSELS: The eurozone unemployment rate improved only marginally in February, official data showed Monday, stoking… Read More

Eurozone December unemployment falls to 4-year low: Eurostat

BRUSSELS: Analysts had expected the December figure to be unchanged at 10.5 percent, taking into… Read More

Eurozone inflation picks up in January

BRUSSELS: Eurozone inflation accelerated to 0.4 percent in January, from 0.2 percent the month before,… Read More

Oil prices cast shadow over eurozone inflation outlook: ECB survey

FRANKFURT: Falling oil prices are weighing on the outlook for inflation in the euro area… Read More

Eurozone economy slows in December, recovery still on track: survey

BRUSSELS: Eurozone private sector business activity slowed slightly in December but still held at a… Read More

Crude set for weekly loss as supply glut and dollar drag

LONDON: Crude oil prices were on track to post weekly losses on Friday as an… Read More

Immigration represents opportunity for Germany: central bank

FRANKFURT: The head of the German central bank or Bundesbank, Jens Weidmann, said Wednesday the… Read More

G20 optimistic on global economy

WASHINGTON: Finance chiefs of the Group of 20 economic powers said Friday they remained confident… Read More

Europe fears deflation as Ukraine stays center-stage

ROME: The euro zone's growing fears of deflation will be stirred again on Friday when preliminary… Read More

Pakistan to raise Rs.49.5bn via 1st sukuk in 15 months

ISLAMABAD: State Bank of Pakistan (SBP) will sell Rs.49.5 billion of Islamic bonds, the country's… Read More

World stocks inch towards all-time high

LONDON: World shares were within touching distance of an all-time high on Monday, spurred on… Read More