EUROPEAN UNION

IBTimes Logo

ECB buys time on rate rise as markets churn

European Central Bank kept options open on a future rate move on Thursday, stressing his anti-inflation commitment but saying volatile markets meant the ECB needed more time to think.

Euro shrugs off on-hold ECB

IBTimes Logo
The euro steadied versus the yen on Thursday after the European Central Bank held rates at 4 percent as expected, as the market awaited a post-decision news conference with ECB President Jean-Claude Trichet.

Yen up, high-yielders lower as world stocks fall

IBTimes Logo
The yen rose while high-yielding currencies came under pressure on Tuesday as concerns over the health of the U.S. economy weighed on global equities, prompting investors to trim exposure to risky assets.
More news
IBTimes Logo

Central banks move to calm panicky money markets

Major central banks swept in to calm credit markets spooked by mounting losses on Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.
IBTimes Logo

Dollar falls on soft new home sales

The dollar fell on Thursday, dropping to nearly three-month lows against the yen, after June U.S. new home sales came in below expectations, adding to widespread fears about credit market problems.
IBTimes Logo

EU suspends WTO complaint against India

The European Union has temporarily suspended its World Trade Organisation (WTO) complaint against India over the latter’s duties levied against European wine and spirit imports.
IBTimes Logo

Asia shares ease

Asian shares mostly eased on Monday with South Korea retreating from record highs on fears the government may move to cool the market, while Brent crude was about $1 away from its highest level due to supply worries.
IBTimes Logo

Canada dollar firm on commodities, bonds dip

The Canadian dollar was higher versus the greenback on Wednesday, supported by strong commodity prices in a quiet session marked by a lack of domestic data and with U.S. markets closed for the Independence Day holiday.
IBTimes Logo

Sterling scales 26-yr peaks vs beleaguered dollar

Sterling jumped to a 26-year high versus the dollar for a third day on Wednesday, vaulting $2.02 and showing no signs of vertigo so far against a broadly weak dollar that stayed near record lows versus the euro.
IBTimes Logo

Global stocks, bonds rise while dollar, oil down

Stocks traded higher on Monday, supported by takeover news and data showing manufacturing growth accelerated last month, while bond prices gained in a flight-to-safety bid as police investigated attempted car bomb attacks in Britain.
IBTimes Logo

Dollar hits 26-yr low vs pound, falls vs euro

The dollar tumbled to a 26-year low against sterling and declined across the board on Monday on continuing expectations that U.S. interest rates will remain steady while borrowing costs rise overseas.
IBTimes Logo

EU reopens review of Sony-BMG music venture

The European Commission has lifted a suspension of its review of a venture by Japanese electronics giant Sony and Germany's Bertelsmann that created the world's number two music company.
IBTimes Logo

EU relieved over treaty deal, critics seek new vote

The European Union breathed a sigh of relief over the weekend after the bloc's leaders agreed on a way to reform its institutions, but critics from Britain to the Netherlands called for referendums that could derail a deal.
IBTimes Logo

Japan to see more shareholder activism

Japan still lacks a culture of shareholder activism but that may change as it tries to keep up with rapid shifts in the global financial environment, European Commissioner Charlie McCreevy said on Wednesday.
IBTimes Logo

EU Proposes 25 Pct. Red Tape Cut by 2012

The European Commission proposed on Tuesday to cut the administrative burden for companies by 25 percent by 2012 which will result in an estimated 1.5 percent increase in EU GDP.
IBTimes Logo

Largest EU Investment Conf. Underway in Brussels

The biggest ever EU investment conference got underway on Monday with the start of a four day meeting in Brussels. A total of 30 European countries will prepare around 300 regional development programs for the next seven years worth $630 billion (€500 billion).

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.