ECB policymakers warn over risk of further hikes
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023....
archivePOL
Dollar reigns as Europe’s central banks spring some surprises
World stocks on longest losing streak since MarchDollar highest since MarchSwiss franc tumbles on surprise SNB rate holdSterling drops as...
Trading platform Aquis sees earnings boost from EU share price feed plans
A view of the City of London and Canary Wharf, Britain March 19, 2023. REUTERS/Yann Tessier/File Photo Acquire Licensing RightsLONDON,...
Swiss National Bank to expand liquidity provision to banks – Vice-Chairman
Vice-Chairman of the Swiss National Bank (SNB) Martin Schlegel attends a news conference in Zurich, Switzerland, March 23, 2023. REUTERS/Denis...
Bank of England on brink of rate hike pause after inflation surprise
A man wearing a protective face mask walks past the Bank of England (BoE) in London, Britain, December 16, 2021....
Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...
EU court says $748 million Belgian tax scheme is illegal state aid
BRUSSELS, Sept 20 (Reuters) - European Union's second-top court on Wednesday backed an EU competition regulator's decision against a 700-million-euro ($748 million) Belgian tax scheme for 55 multinationals, in a major win for EU antitrust chief's crackdown on sweetheart tax deals.The Luxembourg-based General Court had in 2019 annulled Margrethe Vestager's decision after Belgium and about 30 of the companies challenged it.Beneficiaries of the Belgian scheme that dated from 2005 included U.S. manufacturer Magnetrol, oil company BP (BP.L), chemical producer BASF (BASFn.DE), Wabco, Cellio, Atlas Copco (ATCOa.ST) and Belgacom, now Proximus...
US stance on Japan yen intervention ‘depends on details’ of situation -Yellen
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo...
US housing starts hit three-year low; surge in permits point to underlying strength
Single-family housing starts drop 4.3% in AugustSingle-family building permits increase 2.0%Overall housing starts plunge 11.3%; permits up 6.9%WASHINGTON, Sept 19...
Analysis: Societe Generale vision falls flat as Europe’s banks falter
People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy.As a year-long boon from interest rate rises fizzles, Europe's big lenders are under a spotlight, with higher rates now upping pressure on...