Euro zone economy stutters as ECB gears up

2014-06-04 13:39

Price cuts by euro zone firms have failed to prevent business growth from losing momentum in May, all but sealing the case for looser monetary policy.

Italy 'may leave euro if ECB stays hardline'

2014-05-06 13:45

Italy and other countries will have no choice but to leave the euro unless hardline monetary policies are dropped, says Italy's ex-premier Silvio Berlusconi.

Minister: ECB must do more for jobless

2013-03-03 14:51

A French official says the European Central Bank is shirking its responsibilities towards Europe's unemployed.

Eurozone inflation nears ECB goal

2013-02-01 12:48

Eurozone inflation has fallen more than expected in January in a sign that companies were cutting prices to entice consumers at a time of record level joblessness.

Eurozone tensions fade

2013-01-25 15:57

New evidence suggests the eurozone might be emerging from its crisis with a ECB announcement that banks were starting to repay some emergency loans in advance.

ECB holds rates at record low of 0.75%

2013-01-10 15:23

The European Central Bank has held interest rates at a record low of 0.75% as the eurozone economy started showing glimmers of hope.

ECB holds rates, faces grilling on Greece

2012-02-09 15:09

The European Central Bank stayed in wait-and-see mode and left interest rates unchanged but attention is now on whether it will help Greece avoid a messy default.

Wary banks park funds at ECB

2012-01-16 12:58

Banks have left half a trillion euros at the European Central Bank as debt worries and an ECB cash injection left them awash with money but afraid to lend.

Bank of England keeps rates at historic low

2012-01-12 14:44

Britain's central bank has left interest rates unchanged since March 2009 and has kept its quantitative easing programme at £275bn.

Crisis talk, austerity mark euro anniversary

2012-01-02 13:33

Policymakers used the weekend's celebration of the 10th anniversary of the euro single currency to urge governments to save and consolidate to overcome their debt crisis.

Euro languishes near 11-month low

2011-12-22 08:03

The euro struggled to make gains against the dollar after the European Central Bank's tender brought little relief to the markets.

World stocks off as ECB boost fades

2011-12-21 18:04

Stocks and the euro fell as traders cashed in gains following their best session in three weeks.

Stocks jolted as ECB’s Draghi disappoints

2011-12-08 18:40

Investors raced to press the sell button on stocks and the euro, citing dismay at the ECB’s lukewarm support for aggressive action to ease a two-year old debt crisis.

JSE stays in the black

2011-12-08 13:32

The JSE remained in positive territory, buoyed partly by news of changes to the index.

Flat rand tracks deflated euro

2011-12-07 13:07

The rand was stuck in a narrow range as it followed the euro which lost gains against the dollar.

Merkel fights to save euro

2011-12-02 12:48

German Chancellor Angela Merkel has vowed to defend the euro, which she says is stronger than Germany's former Deutschmark.

ECB hints at action if fiscal pact adopted

2011-12-01 18:11

New ECB chief Mario Dragi has signalled it is ready to act more aggressively on the eurozone debt crisis if leaders agree on tighter budget controls next week.

Debt crisis sweeps towards heart of Europe

2011-11-21 17:52

The eurozone debt crisis is moving closer to the heart of Europe, despite a clear election victory in Spain for conservatives committed to tougher austerity.

Spanish, French borrowing costs raise alarm

2011-11-17 17:24

Spain and France faced sharply higher borrowing costs and struggled with bond auctions, raising fears larger economies could succumb to the debt crisis.

JSE flat after volatile session

2011-11-03 18:40

The JSE ended the day fairly flat after a volatile period approaching close.

Greek drama overshadows G20 meeting

2011-11-03 16:15

As world leaders started talks on tackling global economic woes, the chaos in Greece dominated.

Rand consolidates ahead of ECB meet

2011-11-03 13:12

The rand pared some of its early losses in noon trade, ahead of an ECB gathering and an emergency Greek cabinet meeting.

Europe worry hits stocks

2011-10-25 19:22

World stocks stumbled after the cancellation of a top-level meeting raised doubts that a summit will result in a plan to rein in Europe’s debt crisis.


Expansion in eurozone factory activity eases

2014-06-02 14:15

Eurozone manufacturing growth has slowed more than initially thought last month, likely fuelling expectations that the European Central Bank will ease policy.

Global shares extend rally, euro firm

2014-04-02 14:20

World stocks extended their recent rally and the yen sagged to a 10-week low as investors focused on the positive in a mixed bag of global economic data.

ECB officials rebuff FX targeting

2013-02-15 11:39

The head of the ECB and its two German policymakers pushed back against political pressure to target the euro's exchange rate ahead of meeting of the G20.

Eurozone breakup fades - survey

2013-01-28 18:39

The prospects of a country being forced to leave the 17-state bloc have all but vanished since the middle of last year, a survey shows.

Banks to pay back €200bn ECB loans

2013-01-15 17:59

BNP Paribas and Santander are among a growing number of banks wanting to repay emergency loans to the European Central Bank to distinguish themselves from rivals.

OECD: Eurozone debt crisis far from over

2012-03-27 11:24

Investor confidence in the eurozone is still fragile and its banks are weak, says the Organisation for Economic Cooperation and Development.

Analysts: ECB to bits time on rates

2012-02-05 11:39

The ECB, after two rate cuts and a series of unprecedented liquidity measures, will hold its fire this month, as it assesses the impact of those previous measures.

Yields fall at Spanish, Italian debt sales

2012-01-12 16:53

Spain and Italy spread cheer through with solid debt auctions at sharply lower borrowing costs in 2012’s first test of appetite for debt from the eurozone's periphery.

Eurozone inflation eases, ups rate cut hopes

2012-01-04 14:46

Inflation in the eurozone edged down in December, which analysts expect will create room for more interest rate cuts to help the weakening economy.

JSE boosted by US data

2011-12-22 18:30

The JSE held onto its gains at close, buoyed by better than expected US employment data, while investors took a more positive view of the ECB's refinancing operation.

Banks gorge on ECB loans, market cheer short

2011-12-22 07:29

Banks took up nearly €490bn in loans from the European Central Bank, easing fears of a credit crunch but leaving unresolved how much will flow to needy eurozone economies.

ECB tender could ease credit crunch fears

2011-12-21 11:18

The European Central Bank’s first-ever offer of three-year loans is expected to draw high demand from banks, easing fears of an impending credit crunch.

Visco: ECB control to lower yields

2011-12-09 16:46

The European leaders’ decision to put the ECB in charge of the eurozone’s bailout funds is a key result for the EU summit and should help bring down borrowing costs.

ECB cuts rates as countries press for deal

2011-12-08 15:48

The European Central Bank acted to soften a looming recession and avert a credit crunch in the debt-plagued eurozone by cutting interest rates.

Rand slips in choppy trade

2011-12-08 13:23

The rand was softer in midday trade as investors awaited the European Central Bank's interest decision on interest rates.

S&P threat expected to spur euro reform

2011-12-06 14:59

Ratings agency Standard & Poor's threat to downgrade 15 eurozone countries could help Nicolas Sarkozy and Angela Merkel force through changes to the EU treaty.

Gordhan: Economies sliding on EU crisis

2011-12-02 10:27

Finance Minister Pravin Gordhan says eurozone debt problems are causing world economies to shrink and the crisis has major consequences for the global outlook.

European shares fall for sixth day

2011-11-24 18:45

European shares fell for the sixth consecutive session after German Chancellor Angela Merkel renewed her position against changing the role of the ECB.

Data likely to show up euro faultlines

2011-11-20 15:34

After Italian and Spanish bond yields came close to 7%, data out on Monday will give an idea of how much authorities fought to keep yields just where they were.

Merkel, Cameron differ on euro crisis weapons

2011-11-18 18:22

After a war of words on the euro British Prime Minister David Cameron and his German counterpart met but failed to narrow differences over a financial transaction tax in Europe.

Stocks, euro slide on fears of debt crisis

2011-11-16 18:24

Global equity markets and the euro slid after the ECB’s buying of regional sovereign debt failed to stem a bond sell-off in the eurozone.

Rand soars as Greek chaos eases

2011-11-03 18:34

Risk appetite returned, boosting the rand after the Greek PM backed down on a controversial referendum, narrowly avoiding the collapse of his government.

ECB cuts rates in surprise move

2011-11-03 15:16

The European Central Bank cut its main interest rate to 1.25% as the eurozone's worsening debt crisis outweighed concerns over persistently high inflation.

JSE ends week on a high

2011-10-28 18:15

The JSE closed at its highest in six months and the rand rallied as investor relief over a eurozone deal lingered.

France seeks to sway vote on bailout

2011-10-23 14:01

France lobbied to overcome German opposition to giving the European Central Bank a central role in bolstering the eurozone’s bailout fund.

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