Euro

European stocks slide on lower oil prices, Greece

European stock markets fell on Tuesday as traders reacted to further declines in oil prices and political turmoil in Greece which pushed the euro to a 29-month low.

Dec 30, 2014, 23:28 PM IST

Lithuania adopts euro to cement ties with the West

Lithuania hopes joining the eurozone on January 1 will boost its security at a time of heightened anxiety over Russia, but many in the Baltic state fear the currency switch will also bring price hikes.

Dec 29, 2014, 09:50 AM IST

Dollar holds up in Asia on US rate expectations

The dollar held steady in slow Asian trade on Monday, underpinned by expectations that US Federal Reserve will raise interest rates before other central banks.

Dec 22, 2014, 09:43 AM IST

Russian ruble crisis sparks run on Belarus currency

Belarussians were in a panic on Friday over the Russian ruble`s plunge, rushing to convert their savings to dollars and euros as they fear a devaluation of their currency.

Dec 19, 2014, 22:42 PM IST

ECB considers making weaker euro zone states bear more QE risk

Such a move could help persuade a reluctant Germany to back plans to buy state bonds.

Dec 19, 2014, 18:00 PM IST

Swiss national bank introduces negative interest rates

The Swiss National Bank on Thursday said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank as it seeks to deter safe-haven buying.

Dec 18, 2014, 13:34 PM IST

Bank borrowing in new ECB loans programme disappoints

The European Central Bank pumped more liquidity into the financial system on Thursday in a bid to boost the eurozone economy but analysts said the uptake by banks was disappointing.

Dec 11, 2014, 17:51 PM IST

Swiss bank holds key rate but warns of deflation risk

Switzerland`s central bank held its key lending rate on Thursday but revised downwards its forecast for prices, warning that "deflation risks have increased once again".

Dec 11, 2014, 17:45 PM IST

Toshiba's Finnish subsidiary bags euro 1 mn/year contract

Toshiba Corporation's Finnish subsidiary, Landis+Gyr, has bagged a contract worth around 1 million euro per year from Elenia Oy - an electricity distribution firm in Finland - for the supply of transformers.

Dec 11, 2014, 13:56 PM IST

Oil prices, euro hit new lows; European stocks retreat

Crude oil prices and the euro reached new depths on Monday as investors reacted to mixed economic data out of China, Japan and the United States, while European stocks dropped.

Dec 08, 2014, 18:32 PM IST

Asian markets mostly higher at end of strong week

Asian markets mostly rose Friday, ending the week on a high note, as the dollar broke pushed above the 120 yen mark and the euro held on to gains after the European Central Bank held off fresh stimulus measures.

Dec 05, 2014, 14:12 PM IST

Euro slumps to 2-year low ahead of ECB meeting

The euro sank to a two-year low point on Wednesday as investors prepared for the ECB to tip its hand on measures to stimulate a stagnating eurozone economy.

Dec 03, 2014, 23:52 PM IST

ECB's Draghi calls for wage cuts to help the euro

European Central Bank chief Mario Draghi on Thursday called for an "adjustment of wages" in the eurozone to strengthen the viability of the single currency.

Nov 27, 2014, 19:05 PM IST

Euro slips in Asia on ECB official's easing comments

The euro lost more ground in Asia on Thursday after a European Central Bank official`s dovish comments boosted speculation about further easing measures, while lacklustre US data weighed on the dollar.

Nov 27, 2014, 08:54 AM IST

Euro struggles in Asia on ECB chief`s comments

The euro struggled in Asian trade Monday after being hammered late last week in response to comments from the European Central Bank (ECB) chief hinting at further stimulus measures to fend off deflation.

Nov 24, 2014, 12:30 PM IST

Yen hits fresh lows on BoJ easing speculation

In Tokyo afternoon trading, the dollar rose to 118.45 yen, from 118.01 yen in New York and hovering around its highest level since August 2007.

Nov 20, 2014, 11:54 AM IST

Dow, S&P 500 hit records in volatile trading

U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

Nov 07, 2014, 04:05 AM IST

Euro zone risks "relapse into recession" without structural reforms: Draghi

With a recovery coming to a halt in the second quarter and depressed prices reflecting near record unemployment, France and Italy want to shift away from the spending cuts that marked the bloc`s response to the 2009-2012 crisis.

Oct 25, 2014, 10:50 AM IST

Dollar edges up in Asia ahead of US jobs data

The dollar rebounded slightly against the yen in Asian trade on Friday after tumbling from a six-year high, as investors await the release of a key US jobs report later in the day.

Oct 03, 2014, 10:40 AM IST