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ECB's Stark: EU set for more economic surveillance

Europe is set to ramp up economic surveillance to prevent a repeat of the region's recent debt crisis, European Central Bank Executive Board member Juergen Stark said on Monday.

ECB gold reserves hit € 352 billion

The European Central Bank on Tuesday said gold and gold receivables held by euro zone central banks rose by one million euros to 352 billion euros in the week ending August 6. In its regular weekly consolidated financial statement, the ECB said net foreign exchange reserves in the Euro system of central banks were virtually unchanged at 191.7 billion euros.

ECB's Trichet says Q3 data stronger than expected

Third quarter euro zone economic data has been surprisingly strong so far but the European Central Bank still expects the bloc's economic recovery to be moderate and uneven, President Jean-Claude Trichet said on Thursday.

EU banks could seek 25 billion euros in capital top-up

European banks who only just scraped through a health check could look for over 25 billion euros in new capital, while Spain's smaller lenders set out to reassure investors on Monday that they too can raise funds.

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European bank tests put focus on capital hikes

European finance ministers will shift their focus next week onto a possible need for banks to raise more capital and on who will cover any shortfalls exposed by stress tests -- a sum which Credit Suisse estimated could reach 90 billion euros ($114 billion).

Euro rates rise, further gains seen

Bank-to-bank euro borrowing costs extended their march higher on Friday as the market repriced those rates following the recent drop in excess money market liquidity when 442 billion euros of one-year loans expired.

Gold buying up near $1200 levels: Jeff Nichols

Gold buying has intensified on the late-June/early July sell offs and capitalising on this fall were the Asian investors, jewelry manufacturers and possibly a few central banks, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital.

European shares add to rally; ECB briefing awaited

European shares gained ground on Thursday with investors scooping up battered banking stock as details of the sector's stress tests started to emerge, adding to a tentative recovery from a sharp two-week sell-off.

ECB, BoE rates on hold, stress test details eyed

Interbank euro funding costs rose on Thursday and could shift if European Central Bank chief Jean-Claude Trichet surprises with plans for more liquidity provision or news on bank stress tests. Trichet was due to begin a news conference at 1230 GMT after the bank held interest rates at 1 percent, as expected.

How Europe will stress-test its banks

In an effort to reassure financial markets about the health of the European Union's banking system, the bloc's countries will stress-test a large number of their banks and publish the results.

EU watchdogs battle over stress test publication

European regulators haggled over how much detail to reveal about health checks on the region's lenders in a fight that may undermine the exercise's aim of restoring confidence.

ECB to hold rates and seek to reassure on recovery

The European Central Bank faces a grilling on Thursday on the euro zone's recovery outlook, bank stress tests and its liquidity operation plans.

Euro rates edge up; focus on weekly tender

Euro interbank lending rates edged up on Monday as the market focused on how much weekly ECB funding banks will roll at the first tender operation since last week's repayment of almost half a trillion euros.

Central bankers shoulder bigger burden

Central banks may be the only remaining line of defense against a scary-but-remote double-dip recession threat.

Budget cuts and reform will help growth: Trichet

Budget cuts and structural reforms will help cement economic recovery, while bank stress tests will help restore confidence, European Central Bank President Jean-Claude Trichet said on Sunday.

ECB's Trichet does not think Europe is facing recession

European Central Bank President Jean-Claude Trichet said on Sunday he did not believe Europe was facing recession and renewed his support for reforms and deficit cuts to boost confidence.

Banks borrow less than expected from ECB, ease fears

Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about how they would cope with repaying close to half a trillion euros in emergency loans on Thursday.

Euro banks borrow less than expected from ECB

European shares rise after ECB tender results

European shares rose 0.6 percent in a choppy morning session on Wednesday after the European Central Bank (ECB) announced results for its latest liquidity operation.

ECB seeks to calm markets as one-year drain looms

European Central Bank officials scrambled to reassure nervous markets on Tuesday that the expiry of nearly half a trillion euros of emergency loans would not hurt the banking system, though they acknowledged some individual banks might face strain.

Strikes hit Greece and Spain as ECB deadline looms

Strikes in Greece and Spain highlighted resistance to Europe-wide austerity measures on Tuesday as the euro and shares tumbled ahead of a deadline for banks to repay a giant European Central Bank cash injection.

Europe digs in on budget austerity ahead of G20

European policymakers defended budget austerity plans on Thursday ahead of a G20 summit set to pit calls for fiscal restraint against warnings that heavy cost-cutting threatens recovery.

ECB's Trichet says susterity plans don't risk stagnation

Budget austerity plans will not drag the euro zone economy into stagnation, European Central Bank President Jean-Claude Trichet was quoted on Thursday as saying.

Euro lending costs, 7-day ECB borrowing rises

Benchmark bank-to-bank euro lending costs edged higher on Tuesday as demand for funds increased before the quarter end and the expiry of the European Central Bank's 442 billion euro one-year refinancing operation.

ECB urges carrot-and-stick approach to budget rules

European Central Bank policymakers pressed governments on Monday to follow stricter budget rules and open their books to external monitoring as they urged a new carrot-and-stick approach to fiscal policy.

ECB's Orphanides: Inflation not a concern: report

Inflation in the euro zone is not a worry despite the slightly higher forecasts in the recent European Central Bank staff projections, Governing Council member Athanasios Orphanides was quoted as saying on Sunday.

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