The European Central Bank (ECB) has dropped Citigroup from its experts' working group on foreign exchange, days after the US bank was fined by US and UK regulators for failing to stop traders from trying to manipulate the currency market.
The euro came close to cracking on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years.
The European Central Bank (ECB) and the Bank of England (BoE) set out proposals yesterday to resurrect the European Union's market for asset-backed securities (ABS) and help the flow of credit to smaller businesses.
European Central Bank (ECB) president Mario Draghi sees no urgent need to cut the euro zone's main interest rate further and no signs of deflation, he said in an interview published on Saturday.
While the euro zone crisis has
The fall in oil prices to below $100 per barrel over the past few weeks has triggered some concerns over the potential impact on the Gulf region’s economy.
Brent crude prices fell by some 19 per cent from their peak of $119
Brent crude held below $103 a barrel on Friday, retaining most of its steep gains from the previous session, when an interest rate cut by the European Central Bank boosted investors' appetite for riskier assets.
The decision c
Brent crude oil slipped towards $103 per barrel on Monday as a shaky outlook for growth in the world's biggest oil consumers, the US, Europe and China, encouraged commodities markets to consolidate.
Oil rallied from nine-month
Thomson Reuters has announced that it has signed a three-year deal with the European Central Bank to roll out Thomson Reuters Eikon desktops across ECB and 18 participating national central banks.
It is so far the largest market d
Banks will next week repay the European Central Bank (ECB) 12.495 billion euros ($16.34 billion) of two three-year loans they took a year ago, a drop in the payback rate that shows they prefer to hold surplus cash in case financial markets clog
European Central Bank (ECB), poised to take over supervision of the region's banks, said there was no room for complacency following early signs of easing strain on financial markets and urged governments to push ahead with reforms.