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Stock market opening bell: Sensex, Nifty slide on worries about ECB economic growth
Fri, Mar 08, 2019
The market is on upside as the Nifty has sustained above the psychological 11,000 levels for the second successive day on Thursday.
Global Markets: US stocks fall for fourth straight session on ECB worries over interest rate hike
Fri, Mar 08, 2019
Dow Jones Industrial Average fell 200.23 points, or 0.78 percent, to 25,473.23, the S&P 500 lost 22.52 points, or 0.81 percent, to 2,748.93 and the Nasdaq Composite dropped 84.46 points, or 1.13 percent, to 7,421.46.
Asia stocks slip as ECB reversal rattles markets
Fri, Mar 08, 2019
Asian stocks were headed for harm on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.
India Inc foreign borrowing down 45% at $2.42 bn in January.
Mon, Mar 04, 2019
Major borrowers, which tapped resources overseas via automatic route, included Indian Oil Corporation Limited (USD 900 million), Bharat Petroleum Corp (USD 500 million) and Hindustan Petroleum Corp (USD 200 million).
New ECB norms limit refinancing options: Fitch
Fri, Jan 18, 2019
Eligible borrowers will now be allowed to raise up to USD 750 million per financial year without approval, with previous sector limits removed, as per the notification issued Tuesday evening.
Euro zone banks may get reprieve until 2021 from ECB bad debt rules
Thu, Mar 15, 2018
According to the guidelines, banks will have two years to fully provision for soured non-secured debt, while in the case of secured loans the deadline will be seven years. The new guidelines were intended to take effect on Jan. 1 but the bank pushed back its deadline to revise the proposal after fierce criticism, particularly from Italy, whose banks have accumulated more bad debt that most in Europe.
Bubble or breakthrough? Bitcoin keeps central bankers on edge
Mon, Nov 27, 2017
Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble. But it keeps them awake at night because these private currencies threaten their control of the banking system and money supply, which could undermine the monetary policies they use to manage inflation.
Gold falls below key level of $1,200 ahead of US jobs data, stronger dollar
Fri, Mar 10, 2017
Prices of gold dropped below the key level of $1,200 an ounce on Friday to hit their lowest in over five weeks on back of a stronger US dollar ahead of US jobs data later in the day.
Goldman Sachs to move 1,000 staff from London to Frankfurt due to Brexit: Report
Thu, Jan 19, 2017
US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its city headcount by half, German business daily Handelsblatt reported on Thursday.
Brexit worries push gold prices to highest in over 7 weeks
Tue, Jan 17, 2017
Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".
Eurozone inflation jumps to 1.1% in December, highest since 2013
Wed, Jan 04, 2017
Inflation in the eurozone jumped to 1.1% in December, the highest level for more than three years, boosted by rising oil prices, official European Union (EU) figures showed on Wednesday.
Italy's BMPS bank to go with private sector-led rescue
Mon, Dec 12, 2016
Italy`s troubled Banca Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need to seek a government bailout.
ECB rejects Monte Paschi's request for more time to raise cash
Sat, Dec 10, 2016
The European Central Bank (ECB) has rejected a request by Italy`s Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender.
Asian shares edge up as markets look to ECB after Italian vote
Wed, Dec 07, 2016
Asian shares edged up on Wednesday as investors covered short positions in European equities as they pondered the ramifications of Italy`s referendum and looked to the upcoming policy meeting of the European Central Bank (ECB).
Donald Trump, Brexit causing economic uncertainty, says ECB's Mario Draghi
Tue, Nov 29, 2016
Geopolitical events including the election of Donald Trump and Britain`s Brexit vote are the main reasons for the current economic uncertainty, European Central Bank (ECB) chief Mario Draghi told European Union (EU) parliamentarians on Monday.
Shareholders of Italian bank BMPS approve rescue plan
Fri, Nov 25, 2016
Shareholders in Italian bank Banca Monte Paschi di Siena (BMPS) approved on Thursday a rescue plan that will see up to five billion euros injected into the world`s oldest bank still operating today.
Gold holds losses on firm dollar after positive US data
Tue, Oct 04, 2016
Gold held on to losses early on Tuesday, after falling slightly in the previous session, on a firmer dollar after an upbeat US economic data. Fundamentals
Stocks rebound in Deutsche Bank-led volatile trading
Fri, Sep 30, 2016
US and eurozone shares pushed higher on Friday in volatile trading buffeted by Deutsche Bank's woes whose shares also rallied off historic lows that had sent ripples of fear across the global finance sector.
Global monetary easing moves hit 200th milestone since January 2015
Wed, Sep 28, 2016
Armenia does not often take the global financial spotlight but a routine rate cut by the tiny former Soviet republic this week marked a global milestone - the 200th case of policy easing worldwide since the start of last year.
Germany's Commerzbank to cut 9,000 jobs in restructuring: Handelsblatt
Mon, Sep 26, 2016
Commerzbank is planning to cut around 9,000 jobs over the coming years as Germany's second biggest lender pushes ahead with a restructuring plan, Handelsblatt reported on Monday, citing unnamed sources in the finance industry.