Euro

Breaking News about Euro:

Deutsche Bank's Latest Capital Raising Won't End Its Problems

Source: Business Balla | May 19 2014, 2:34pm CDT | by Forbes

Deutsche Bank has finally admitted – to no-one’s surprise – that it needs more capital. It has announced plans to raise...
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The Latest Effort To Save The Eurozone Just Fell Flat On Its Face

Sep 18 2014 5:11am CDT | Source: Business Insider

The latest funding scheme designed to offer a boost to the Eurozone’s banks is looking like a flop, after the release of initial figures on the take-up from the banks it's intended for. The European Central Bank calls its latest wheeze "targeted long-term refinancing operations," or TLTROs. Banks can access cheap credit from Frankfurt, and are allowed to take up to 7% of their total loans in the Eurozone. There’s a longer explanation from ...
Full article at: Business Insider
 

 

European Central Bank hands out first batch of cheap loans to banks in stimulus effort

Sep 18 2014 4:38am CDT | Source: Canadian Business Online

FRANKFURT – The European Central Bank has launched its new stimulus program aimed at boosting lending to businesses and getting a slack economy moving. The uptake for the loans to banks, however, was less than expected. The central bank for the 18-country eurozone handed out 82.6 billion euros ($107 billion) in ultra-cheap loans to 255 banks. Market expectations for uptake of the loans had varied, from around 100 billion euros at the low end to over 200 billion euros ...
Full article at: Canadian Business Online
 

 

Latest stories

No ebola case reported in Malaysia: Minister
Kuala Lumpur, Sep 19 (IANS) Malaysian Health Minister S. Subramaniam Friday said that no case of the Ebola Virus Disease (EVD) has been reported in the country and there was no cause for the public to panic. | by IANS
 
Five World Heritage sites severely damaged in Syria: Experts
Washington, Sep 19 (IANS) In war-torn Syria, five of six World Heritage sites now "exhibit significant damage" and some structures have been "reduced to rubble", reveals new high-resolution satellite image analysis. | by IANS
 
Ebola a challenge to global security: European parliament
Strasbourg, Sep 19 (IANS/EFE) Members of the European parliament have urged the international community to play a major role in the fight against the deadly Ebola virus disease, which they said poses "a challenge to global security". | by IANS
 
 

Spain’s Inditex sees first half profits slip on strong euro despite robust Zara stores sales

Sep 17 2014 3:15am CDT | Source: Canadian Business Online

MADRID – Spanish fashion retailer Inditex, which owns Zara stores, says net profit fell by 2.4 per cent in the first half of 2014 despite robust sales, mainly due to the impact of a strong euro. The company said Wednesday that profit for February to July was 928 million euros ($1.2 billion) compared with 951 million euros for the same period in 2013. The decline came despite a 6 per cent rise in sales to 8.1 billion ...
Full article at: Canadian Business Online
 

 

As Fed, ECB Act, Other Central Banks Drift

Sep 14 2014 11:44am CDT | Source: WSJ.com: What's News US

With the European Central Bank dramatically easing its monetary policy while markets await signals from the Federal Reserve for an eventual rate increase, the rest of the world's central banks ar ...
Full article at: WSJ.com: What's News US
 

 

Strong dollar against euro to have lesser impact on rupee

Sep 8 2014 7:14am CDT | Source: Business Standard

The Reserve Bank of India (RBI) is likely to hold the rupee against dollar in the range of Rs 58-62 for the time being despite dollar ...
Full article at: Business Standard
 

 

Keep An Eye On US Dollar For Next Week -- Gold Traders

Sep 5 2014 1:23pm CDT | Source: Forbes Real Time

(Kitco News) - Gold traders are likely to keep an eye on currency moves next week after the euro fell to a 14-month low versus the dollar Thursday, following the surprising move by the European Central Bank to cut interest rates and embark on a quantitative easing pro ...
Full article at: Forbes Real Time
 

 

Mario Draghi kicks the euro down

Sep 5 2014 7:59am CDT | Source: MoneyWeek

The European Central Bank's stimulus plans make a major relief rally for the euro even more likely, says John C Burford.The post Mario Draghi kicks the euro ...
Full article at: MoneyWeek
 

 

European stocks open flat after ECB surprise

Sep 5 2014 2:31am CDT | Source: The Standard: China's Business Newspaper

Europe's main stock markets steadied at the start of trading on Friday, as investors took account of the ECB's surprise deflation-fighting stimulus ...
Full article at: The Standard: China's Business Newspaper
 

 

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Latest from the Network

No ebola case reported in Malaysia: Minister
Kuala Lumpur, Sep 19 (IANS) Malaysian Health Minister S. Subramaniam Friday said that no case of the Ebola Virus Disease (EVD) has been reported in the country and there was no cause for the public to panic....
Read more on Business Balla
 
WICB, WIPA ink new agreement
Bridgetown (Barbados), Sep 19 (IANS/CMC) A new Collective Bargaining Agreement (CBA) and MoU, hailed as a critical turning point in the West Indies cricket, were inked between the West Indies Cricket Board (WICB) and...
Read more on Sport Balla
 
Real Madrid extend contract with Varene
Madrid, Sep 19 (IANS) Spanish football club Real Madrid announced they had extended the contract of central defender Rafael Varene until the summer of 2020. The 21-year-old French international arrived at Real Madrid...
Read more on Sport Balla
 
Caribbean among most vulnerable regions to climate change
San Juan, Sep 19 (IANS/EFE) Developing societies in the Caribbean are the most vulnerable economies in the Americas to climate change because the majority of the population lives in coastal areas, environmental...
Read more on Politics Balla
 
IS captures 21 Kurdish towns in Syria
Damascus, Sep 19 (IANS) The Islamic State (IS) terrorist group has seized control of 21 towns in a Kurdish-dominated region in Syria. The Syrian Observatory for Human Rights Thursday said that the IS has succeeded to...
Read more on Politics Balla
 
Poll shows Scots voted against independence
Edinburgh, Sep 19 (IANS/EFE) An unofficial poll by YouGov indicated that 54 percent of those who cast ballots in Scotland's independence referendum voted "no". Ninety-seven percent of the 4.3 million people eligible...
Read more on Politics Balla
 
Lloyd pleased with new Windies players
Bridgetown (Barbados), Sep 19 (IANS/CMC) West Indies cricket legend Clive Lloyd says he is impressed with the new crop of young players on the regional cricket team following the series against Bangladesh. Lloyd,...
Read more on Sport Balla
 
Five World Heritage sites severely damaged in Syria: Experts
Washington, Sep 19 (IANS) In war-torn Syria, five of six World Heritage sites now "exhibit significant damage" and some structures have been "reduced to rubble", reveals new high-resolution satellite image analysis....
Read more on Apple Balla
 
Terry Gilliam says generous actors helped make Zero Theorem
Terry Gilliam says he got to make his film 'The Zero Theorem' because his friends in the movie business worked for low pay. The sci-fi movie - released last year - had a relatively small budget compared to many movies...
Read more on Movie Balla
 
Ebola a challenge to global security: European parliament
Strasbourg, Sep 19 (IANS/EFE) Members of the European parliament have urged the international community to play a major role in the fight against the deadly Ebola virus disease, which they said poses "a challenge to...
Read more on Business Balla