FRANKFURT Two of the world's biggest economies probably shrank last quarter, further proof that global growth is now past its peak and the risk of a downturn is rising.
FRANKFURT Italian Andrea Enria was picked on Wednesday to head the European Central Bank's supervisory arm, overseeing a bloated, 21 trillion euro banking sector still troubled by a legacy of bad debt from the euro zone's financial crisis.
FRANKFURT The race to take over the European Central Bank's supervision arm has become a dead heat as southern European countries appear to be lining up behind an Italian candidate, four sources familiar with the process said.
FRANKFURT A new round of cheap European Central Bank loans is not imminent as policymakers see little need to pump more cash into the banking system at a time when lending and inflation are picking up, three sources close to the matter told Reuters.
FRANKFURT No viable argument remains for the European Central Bank to backtrack on its plan to end quantitative easing in December, even if euro zone growth fails to rebound after a dismal third quarter.
BRUSSELS/FRANKFURT Euro zone inflation accelerated last month, providing further rationale for the European Central Bank's decision to dial back stimulus even as growth is slowing more sharply than most had forecast.
BRUSSELS/FRANKFURT, Oct 31 Euro zone inflation
accelerated last month, providing further rationale for the
European Central Bank's decision to dial back stimulus even as
growth is slowing more sharply than most had forecast.
FRANKFURT The European Central Bank stuck to plans on Thursday to claw back unprecedented stimulus, even as the growth outlook continues to darken and political turmoil in Italy looms large over the currency bloc. | Video
FRANKFURT Italy would need to secure a bailout from the European Union if it is to receive any help from the European Central Bank to bring down its borrowing costs on financial markets, the ECB's President Mario Draghi said on Thursday.