FRANKFURT The world's two biggest central banks will move decisively in opposing directions next week, with the ECB almost certain to ease policy on Thursday and a U.S. jobs report likely to seal the case for a Fed rate hike in December.
FRANKFURT The European Union's top watchdog has urged the European Central Bank to stop meeting market players such as hedge funds shortly before setting policy, adding to pressure for it to tighten its rules of engagement.
LONDON The Bank of England said on Friday it had fined one of Britain's oldest private banks 1.3 million pounds after a unit of its parent company secretly borrowed large sums of money from it to tackle cashflow problems.
LONDON Welcome to Barclays: At roughly 6 a.m. on Jes Staley's first day as its new chief executive next week the Bank of England will tell him whether the British bank has enough money to survive a deep recession.
TOKYO Japanese household spending unexpectedly fell in October for a second straight month, even as unemployment hit a two-decade low, underscoring the challenge facing premier Shinzo Abe in persuading reluctant companies to boost wages. | Video
LONDON/TORONTO The euro slipped towards seven-month lows, bond yields fell and European shares rallied on Thursday on growing talk of aggressive stimulus from the European Central Bank next week.
BUENOS AIRES Argentine President-elect Mauricio Macri named former JP Morgan executive and ex-central bank chief Alfonso Prat-Gay his finance minister on Wednesday in a sign that he will move quickly to restore the bank's autonomy and free up the economy.
BUENOS AIRES Argentine President-elect Mauricio Macri named former JP Morgan executive and central bank chief Alfonso Prat-Gay his finance minister on Wednesday in a sign that he will move quickly to restore the bank's autonomy and free up the economy.
NEW YORK The U.S. dollar gained and the euro briefly hit a seven-month low on Wednesday in a volatile session on views the European Central Bank will ease monetary policy further, including buying more debt and charging banks for hoarding cash.
BRUSSELS Europe's central banks are struggling with divergent quandaries over how to revive inflation and sustain economic growth as the U.S. Federal Reserve prepares to start raising interest rates for the first time since the collapse of Lehman Brothers.