Page 6 - European Central Bank

Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

ECB raises interest rates by 75 basis points to fight record inflation

With this, it has increased policy rate by 1.5 per cent, the highest in a decade

European stocks hover below five-week high ahead of expected ECB rate hike

But Asian markets benefited from speculation among investors that major central banks are considering slowing their aggressive interest hikes, given signs of an economic slowdown

Sensex snaps seven-day winning run, falls 288 pts; Nifty50 ends at 17,656

Profit-booking comes to play, investors dump FMCG, pvt banking stocks

ECB's Knot urges 'significant' steps at next two policy meetings

"We need at least two" more "significant rate hikes," Knot said Monday at a financial-stability presentation in Amsterdam. He doesn't expect QT to start before 2023

ECB policymakers may put hike of 75 bps on table at October meeting

The ECB lifted interest rates by a combined 125 bps at its past two meetings, the fastest pace of policy tightening on record, but inflation may still be months from its peak

Every nation for itself as dollar batters global currencies after rate hike

While the problems in currency markets right now are in many ways reminiscent of the 1980s, the solutions are unlikely to be

EU seeks $140 bn from energy firms to insulate consumers from energy crisis

European gas and power prices have rocketed this year as Russia cut fuel exports to retaliate for Western sanctions over its invasion of Ukraine

Euro jumps to 3-week peak on hawkish ECB signals, weakening dollar

In addition, ECB policymakers see growing risks they will have to raise their key interest rate to 2% or more to curb record inflation in the euro zone

European shares, euro jump on Ukrainian advances in Kharkiv province

The news of Ukrainian advances also helped lift the euro, which extended last week's post European Central Bank (ECB) gains to rise to its highest against the dollar in almost four weeks

An $83 billion investor stampede shows scale of Europe's woes

Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation

Euro leaps parity on ECB to 3-week high, US stock futures eye higher open

The euro rose back above parity to a three-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank

Dollar stabilises after steep climb, euro up by 0.52% on ECB rate hike

The dollar took a breather from its surging rally on Friday as markets digested yet more hawkish Fed speak, while the euro hung on to parity by an outsized rate hike from the European Central Bank

Stocks, bond yields rise after record ECB rate hike of 75 basis points

Global stocks and government bond yields rose on Thursday after the European Central Bank raised interest rates by a record 75 basis points

ECB raises rates by unprecedented 75 bps to tame runaway inflation

The ECB lifted its deposit rate to 0.75% from zero and raised the main refinancing rate to 1.25%, their highest level since 2011

European Central Bank to join US Fed in rate hikes amid record inflation

The European Central Bank is set to join the U.S. Federal Reserve in making a jumbo interest rate hike Thursday as it tries to stamp out record inflation although it risks worsening a recession that economists say is bearing down on Europe. The meeting of the bank's governing council is not about whether to raise rates for the 19 countries that use the euro currency, but by how much: between half a percentage point or three-quarters of a point, analysts say. The bank made its first increase in 11 years at its last meeting in July, raising rates by a half-point when it usually changes by only a quarter-point. The ECB, which once predicted no rate increases at all this year, has torn up its road map in the face of record inflation of 9.1% last month, which has been driven by skyrocketing prices for natural gas and lasted much longer than expected. Inflation is far above the bank's goal of 2% considered healthiest for the economy. The central bank's rationale for an increase of ...

Europe waits on potentially record ECB rate hike to fight inflation

The euro slipped 0.19% to $0.99885, after hitting a 20-year low of $0.9864 earlier in the week

ICICI, Axis, HDFC Bank lift Sensex 659 pts, Nifty near 17,800; metals dip

CLOSING BELL: Shree Cement, BPCL, Tech M, Axis Bank, M&M, ICICI Bank, Ultratech Cement, Bharti Airtel, Bajaj Finserv, and SBI gained in the range of 2 per cent to 5 per cent

ECB talk weighs on euro as Europe's stocks and pound fight off gas woes

Russia's gas would remain the "Damocles sword" hanging over Europe's economy, he added, while the scale of interest rate rises likely to come and the risk of recessions was still not fully reflected

Amid global selloff, markets see intraday wild swings, Sensex down1,015 pts

The benchmark Sensex opened gap-down 827 points (down 1.4 per cent), then went on to fall -1,015 points, or 1.7 per cent over its previous day's close