Friday, August 8, 2014
The European Central Bank (ECB) has left its benchmark interest rate unchanged at a record low of 0.15 percent as the crisis in Ukraine casts a shadow over Europe's modest economic recovery.
The Bank of England has opted to keep its main interest rate on hold at a record low 0.5 percent despite the ongoing strength of the UK economy.
Thursday, August 7, 2014
German 10-year bonds rose to a record high level on Wednesday as a haven for funds seeking safety from the Ukraine crisis, pushing down the country's borrowing costs to the lowest-ever interest rate of 1.103 percent.
Russian hackers stole 1.2 billion Internet credentials from major U.S. companies and others around the world in what is likely the biggest data breach ever, security researchers said Tuesday.
German factory orders were down in June compared to the previous month due to a decrease of large orders.
Wednesday, August 6, 2014
Further evidence emerged Tuesday that the economic recovery across Europe is gaining traction, though it remains vulnerable to an escalation in the crisis in Ukraine, which has seen sanctions on Russia ratcheted up.
Credit ratings agency Moody's said Monday that France's efforts to tackle its high deficit will likely fall short of targets set for this year and next.
Tuesday, August 5, 2014
Portugal will inject 4.4 billion euros (US$5.9 billion) into the crisis-hit Banco Espirito Santo (BES), central bank governor Carlos Costa announced late Sunday, amid fears of a catastrophic bank run.
Monday, August 4, 2014
The European Central Bank (ECB) is unlikely to take new policy action at its monthly meeting on Thursday, despite a lingering threat of eurozone deflation and geopolitical risks, analysts said.
Friday, August 1, 2014
Eurozone unemployment and inflation data painted a mixed economic picture Thursday, with the jobless rate edging down while softer prices raised question marks over consumer demand, clouding the outlook.