European Central-bank

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European Central-bank - Total results - 119
ECB rejected Greek funding line request for extra €6 bn: sources
World

ECB rejected Greek funding line request for extra €6 bn: sources

Concerned at the withdrawals, the Bank of Greece asked the ECB's Governing Council to add an extra €6 billion to an 89-billion-euro emergency credit line on Sunday, to cover the expected shortfall of cash.

Global stocks go for a tumble after Greece closes banks
Business

Global stocks go for a tumble after Greece closes banks

The ECB is committed to buying €60 billion a month in bonds to push down interest rates and help economies that use the euro.

Grexit: There is a good reason why the world's going nuts over Greece
World

Grexit: There is a good reason why the world's going nuts over Greece

The bailout money helps keep the Greek economy going and at the same time helps repay the debt that is falling due.

Photos: FEMEN crash European Central Bank President Mario Draghi
World

Photos: FEMEN crash European Central Bank President Mario Draghi

The European Central Bank's news conference was briefly interrupted when a young woman from FEMEN charged at ECB chief Mario Draghi calling for an "end to the ECB dictatorship". She jumped onto the podium where Draghi was seated but was quickly apprehended and escorted out of the premises before the news conference resumed.

Decoding govt bonds: How borrowers are paying interest to themselves on their debt
Economy

Decoding govt bonds: How borrowers are paying interest to themselves on their debt

The total government debt all around the world had stood at $33 trillion as of 2007. It has since jumped to $58 trillion, a jump of $25 trillion, at the rate of 9.3 percent per year.

How low inflation averted an imminent US Fed interest rate hike
Business

How low inflation averted an imminent US Fed interest rate hike

First and foremost is the fact that inflation in the United States is well below the Federal Reserve's preferred target of 2 percent.

Debt Crisis: Greece seeks six-month loan extension from European Union
World

Debt Crisis: Greece seeks six-month loan extension from European Union

Greece has formally asked the EU for a six-month loan extension, officials in Athens and Brussels said, hoping to avoid default and draft a new deal with its creditors. Greece has formally asked the EU for a six-month loan extension, officials in Athens and Brussels said, hoping to avoid default and draft a new deal with its creditors.

 ECB liquidity drive to offset Fed tapering impact: BofA-ML
Economy

ECB liquidity drive to offset Fed tapering impact: BofA-ML

The ECB announcement of monthly bond buying of €60 billion will help offset the impact caused by a likely tightening by the US Fed, the report said.

ECB helps Sensex, Nifty maintain northbound trend; Tata Power, Tata Motors lead surge
Business

ECB helps Sensex, Nifty maintain northbound trend; Tata Power, Tata Motors lead surge

The NSE Nifty crossed the 8,800-level for the first time to scale an all-time high of 8,866.40 (intra-day) before settling 74.20 points, or 0.85 percent lower at 8,835.60, a new closing high.

Bond buying: European Central Bank just joined the money printing party
Business

Bond buying: European Central Bank just joined the money printing party

The ECB has decided to buy bonds worth € 60 billion ($69 billion) every month from March 2015 to September 2016. This bond buying is referred to as “asset purchases” by central banks, “quantitative easing” by most of the Western press and economists and “money printing” by people who want to call a spade a spade.

Markets extend record-breaking spree for fourth straight day, Nifty crosses 8,800
Business

Markets extend record-breaking spree for fourth straight day, Nifty crosses 8,800

Extending their bull run for the seventh straight session, the BSE Sensex scaled another peak of 29,389.18 and the NSE Nifty breached the 8,800-mark for the first time in opening trade, driven by positive global cues triggered by European Central Bank's stimulus measures.

ECB's Mario Draghi says large majority in favour of QE, US stocks open on a high
Business

ECB's Mario Draghi says large majority in favour of QE, US stocks open on a high

Draghi said at a news conference following the ECB's monetary policy meeting that governing council members had been "unanimous in stating that the asset purchase programme is a true monetary policy tool in a legal sense".

 Sensex, Nifty touch record high for second straight day
Business

Sensex, Nifty touch record high for second straight day

Asian shares hit a six-week high as investors counted on the European Central Bank to unveil a stimulus drive at its meeting on Thursday.

Rupee to stagnate on US dollar rally; yuan to rise slowly, says poll
Economy

Rupee to stagnate on US dollar rally; yuan to rise slowly, says poll

The rupee will likely stagnate over the next year as a US dollar rally gathers steam and the Indian economy at best chugs along, while the Chinese yuan will probably appreciate a little, a Reuters poll found.<br />

ECB cuts interest rates to record lows to battle eurozone deflation threat
International

ECB cuts interest rates to record lows to battle eurozone deflation threat

The ECB cut its main refinancing rate to 0.05 percent from 0.15 percent.

Sensex, Nifty fall from life-time highs on profit booking
Money

Sensex, Nifty fall from life-time highs on profit booking

Yesterday, the BSE benchmark index had ended at all-time closing high of 27,139.94 and had also hit intra-day high of 27,225.85 on sustained foreign funds inflows.<br />

ECB set to hold fire on rates, eyes risks from Ukraine conflict
International

ECB set to hold fire on rates, eyes risks from Ukraine conflict

The ECB cut interest rates to record lows in June, became the first major central bank to charge banks for holding their deposits overnight and launched a new ultra-cheap, four-year loan programme, dubbed TLTROs, to be rolled out later this year.<br />