European Central Bank

German economy stagnates in sign of Europe's woes

German economy stagnates in sign of Europe's woes

The flat reading underlines the challenge facing the broader eurozone economy as it struggles against headwinds from the US-China trade d...Read More

Christine Lagarde nominated as president of European Central Bank

Christine Lagarde nominated as president of European Central Bank

The nomination means Lagarde will step down two years before the end of her second five-year term at the helm of the IMF.

David Lipton to serve as acting MD: IMF board

David Lipton to serve as acting MD: IMF board

Executive Board of the IMF, take note of the nomination of IMF Managing Director Christine Lagarde as President of the European Central B...Read More

Sensex gripped by US rate hike fears, slips into red zone

Sensex gripped by US rate hike fears, slips into red zone

Mumbai: Market showed some signs of restraint as the Sensex ended up in the red today after RIL earnings failed to move investors and on ...Read More

Negative global indices dent equity markets

Negative global indices dent equity markets

Mumbai: Negative global markets, coupled with lower crude oil prices and a weak rupee, dented the equity markets during the mid-afternoon...Read More

Chennai rains, GST impasse sinks equity markets

Chennai rains, GST impasse sinks equity markets

Mumbai: An imminent US rate hike, coupled with negative macro-economic data and slow progress in evolving political consensus to pass a k...Read More

Tokyo stocks plunge

Tokyo stocks plunge

Tokyo: Tokyo stocks tumbled on Friday as investor sentiment was dashed following a global equity rout triggered by the European Central B...Read More

Tokyo shares open low

Tokyo shares open low

Tokyo: Tokyo shares opened sharply lower on Friday as investors’ sentiment was disappointed by weaker-than-expected stimulus measures the...Read More

Tokyo stocks open higher

Tokyo stocks open higher

Tokyo: Tokyo stocks opened sharply higher on Friday as market sentiment brightened after European Central Bank president Mario Draghi hin...Read More

US dollar soars on policy divergence

US dollar soars on policy divergence

New York: The US dollar hiked against other major currencies on Monday as the Federal Reserve was on track for raising interest rate this...Read More

Rupee closes 22 paise lower against USD

Rupee closes 22 paise lower against USD

Mumbai: Continuing to fall for the second consecutive day, the rupee declined by 22 paise to settle at 66.46 against the US dollar on per...Read More

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Greece’s PM quits, calls early polls

Athens : Greece’s Prime Minister Alexis Tsipras on Thursday announced his resignation and has called an early election.

ESM approves Greek 86 bn euro bailout plan

ESM approves Greek 86 bn euro bailout plan

Brussels: The European Stability Mechanism (ESM) has approved a third Greek bailout package, unlocking the first disbursement of 13 billi...Read More

Greece bailout talks to start on Monday

Greece bailout talks to start on Monday

Athens: Talks between the Greek government and international creditors on a third bailout package for Greece are expected to begin on Mon...Read More

Global economy sinking into stagnation

Global economy sinking into stagnation

Global economy is running downhill. Greece has failed to repay 1.5 billion US dollars to the IMF. More payments are due to the European C...Read More

Greek banks shut till Thursday

Greek banks shut till Thursday

Athens: The Greek government has announced that the bank closures introduced on June 29, will be extended to July 16 (Thursday), a media ...Read More

Germany, France clash over Greece

Germany, France clash over Greece

Brussels : Divided Eurozone leaders clashed over the fate of Greece on Sunday with a catastrophic exit from the single currency looming l...Read More

Eurozone finance ministers urge Greece to make new proposals

Eurozone finance ministers urge Greece to make new proposals

London : Eurozone finance ministers are urging Greece to make new proposals after the country rejected the terms of the international bai...Read More

Irresponsible in Greece

Irresponsible in Greece

Irresponsible and amateurish- that is how one would describe the handling of the debt crisis by Greek Prime Minister Alexis Tsipras. It i...Read More

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€1.1 trillion in Euro stimulus

BRUSSELS: The European Central Bank said it will inject at least €1.1 trillion into the ailing eurozone economy. The ECB will buy bonds w...Read More

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