European Central Bank set to cut rates for the first time since 2019
FRANKFURT — The European Central Bank this week is set to cut borrowing costs for the euro area for the first time since September 2019.
Annette Weisbach in asian news
Fed's jumbo interest rate cut puts the U.S. on track for a soft landing, Goldman CFO says
The Federal Reserve's move to lower interest rates by 50 basis points puts the U.S. economy on track for a soft landing, according to Goldman Sachs' chief financial officer.
European Central Bank set to cut interest rates just days before the Fed's big decision
FRANKFURT — The European Central Bank on Thursday is set to slash rates again by 25 basis points just days ahead of the U.S. Federal Reserve beginning its own rate-cutting cycle.
Markets will be 'upset' if new French government does not commit to fiscal rules, European Central Bank's vice-president says
French markets will be "upset" if the country's new government does not adhere to the European Central Bank's new fiscal rules, Luis de Guindos, the institution's vice president, said on Tuesday.
Euro zone inflation eases to 2.5% as core print misses estimate
Headline inflation in the euro area dipped to 2.5% in June, the European Union's statistics agency said Tuesday, while the closely watched core and services prints held steady.
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
Europe's macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday.
Siemens shares slide over 5.5% on profit drop, slowing automation division
Shares in German technology giant Siemens fell by over 5% on Thursday after the company posted a decline in earnings in the fiscal second quarter and said its automation division had slowed.
Fed and other banks to make 'major progress' on rates this year, BIS chief says
The Federal Reserve and the European Central Bank look poised to make "major progress" in cutting interest rates this year, according to the central bank of central banks.
- 1
- 2