FRANKFURT/WASHINGTON The European Central Bank, after suffering a political backlash, is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans.
FRANKFURT The European Central Bank could provide liquidity to failing banks while they are being wound down under certain conditions, ECB director Benoit Coeure said on Monday.
WASHINGTON Europe will not choose sides in the trade dispute between the United States and China, a top European official said on Saturday, adding that the European Union's temporary exemptions from U.S. steel and aluminium tariffs should become permanent.
LONDON The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank's plans to unwind its extraordinary monetary stimulus.
LONDON Britain's opposition Labour Party would likely broaden the Bank of England's mandate to include factors such as employment but would not seek to remove the central bank's independence, Labour's finance policy chief John McDonnell said on Sunday.
LONDON Expectations among the British public for higher interest rates in the near future cooled in mid-April, even before comments from Bank of England Governor Mark Carney last week muddied the outlook, a survey showed on Monday.
TOKYO Bank of Japan Governor Haruhiko Kuroda said that the central bank must continue with accommodative monetary easing for some time to meet its 2 percent inflation target.
Afghanistan's central bank has granted a licence to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance in all its operations, a senior bank official told Reuters.
BEIJING China's economic fundamentals are strong and the country has sufficient policy tools to guard against systemic risks, People's Bank of China Governor Yi Gang said on Saturday, according to Xinhua.
MILAN The European Central Bank has warned lenders it is checking their 2017 earnings to make sure they haven't taken improper advantage of a new accounting rule in order to minimise the hit from loan losses, an Italian daily reported.