Eurozone growth not strong enough to create jobs: ECB
Growth is picking up in the 19-country eurozone, but not enough to create jobs in the region, a member of the European Central Bank`s executive board said in an interview published Friday.
Sep 11, 2015, 22:30 PM IST
Eurozone growth revised up to 0.4% in second quarter
The 19-nation eurozone grew by 0.4 percent in the second quarter, official data showed on Tuesday, revising upward a first estimate that triggered worry the crisis in Greece had destabilised growth in Europe.
Sep 08, 2015, 17:11 PM IST
Asian stocks sag as China stocks wobble after trading resumes
The index had already dropped earlier in the session following Friday`s Wall Street slide, triggered after the August U.S. jobs report failed to give a clear view on the Federal Reserve`s interest rate hike.
Sep 07, 2015, 09:03 AM IST
ECB flags beefed up QE as growth, inflation outlook fades
The European Central Bank cut its growth and inflation forecasts on Thursday, warning of possible further trouble from China and paving the way for an expansion of its already massive 1 trillion-euro plus asset-buying programme.
Sep 03, 2015, 21:29 PM IST
ECB could ramp up bond purchase programme if necessary: Draghi
The European Central Bank could ramp up its contested bond purchase programme, extending it beyond September 2016 if needed, ECB president Mario Draghi said on Thursday.
Sep 03, 2015, 21:09 PM IST
ECB cuts growth, inflation forecasts for 2015-2017
The European Central Bank on Thursday cut its forecasts for both economic growth and inflation in the single currency area over the next few years.
Sep 03, 2015, 21:06 PM IST
Nifty surges 106 points on value-buying, upbeat global cues
Snapping a three-day losing streak, Indian markets Thursday staged a pullback rally on the back of frantic buying as the benchmark Nifty index soared by 106 points to close above the 7,800-level amid upbeat global cues.
Sep 03, 2015, 20:25 PM IST
ECB seen cutting inflation outlook, hinting at more policy action
The European Central Bank is set to cut its inflation forecasts on Thursday but hold back from concrete policy action, promising only to beef up its bond-buying programme if growth and inflation prospects weaken further.
Sep 03, 2015, 17:38 PM IST
ECB holds rate steady as focus on inflation, China
The European Central Bank held its key interest rates steady on Thursday, a spokesman said, amid investor concern over the economic fallout from the slowdown in China.
Sep 03, 2015, 17:35 PM IST
China, eurozone weaken despite world awash with cash
China`s giant manufacturing industry contracted while British and eurozone growth eased in August, rattling markets and reinforcing expectations interest rates may fall again or stay near zero for longer.
Sep 01, 2015, 18:55 PM IST
Greece repays ECB as snap poll pressure rises
Greece repaid a huge slice of debt to the ECB on Thursday, effectively starting its third mammoth bailout, as deepening political rifts in Athens put pressure on Prime Minister Alexis Tsipras to call snap elections.
Aug 20, 2015, 21:00 PM IST
Eurozone approves first tranche of Greek bailout funds
Eurozone finance ministers on Wednesday formally approved the first tranche of a new 86 billion euro ($95-billion) bailout for Greece after parliaments in member states backed the move.
Aug 19, 2015, 23:52 PM IST
Asian shares struggle as China stocks extend fall
The Shanghai Composite Index retreated 3.9 percent, a day after worries that the central bank could be in no hurry to ease policy further pushed it down 6.1 percent.
Aug 19, 2015, 09:05 AM IST
ECB cuts funding for Greek banks as liquidity improves
The European Central Bank cut emergency liquidity assistance (ELA) for Greek banks on Tuesday, in line with a request from Athens, several sources said, a positive sign that lenders are stabilising their operations and building cash reserves.
Aug 19, 2015, 00:18 AM IST
Greek PM faces revolt after eurozone approves huge bailout
Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.
Aug 15, 2015, 19:15 PM IST
ECB worried about economic slowdown in China, minutes show
Nevertheless, the fallout from the Greek crisis and slowing growth in emerging economies such as China were still fairly limited so far, the council agreed.
Aug 13, 2015, 19:03 PM IST
Greece and creditors `close` to deal on third bailout
Greece and its creditors continued marathon talks into Sunday night with both sides indicating that the terms of a third bailout were close to being finalised.
Aug 10, 2015, 09:07 AM IST
Asian stocks mixed on patchy US economic data
Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.
Aug 06, 2015, 12:50 PM IST
ECB leaves stopgap funding for Greek banks unchanged
The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged for the next two weeks, said a source close to the matter who asked not to be identified.
Aug 05, 2015, 21:59 PM IST
Greek finance minister says bailout deal possible by August 20
Greek Finance Minister Euclid Tsakalotos expressed confidence Tuesday that Athens and its creditors will reach a deal on a new bailout in time for August 20, when a huge debt payment is due.
Aug 05, 2015, 01:14 AM IST
