Economic analysis: As the clock ticks down to Wednesday's deadline for the plan we're all hoping will save the eurozone, there's still no sign of the "big bazooka" needed to really deal with this crisis... more
The European Central Bank signals an embarrassing policy U-turn on its widely derided interest rate hikes earlier this year as alarm over a double-dip recession mounts... more
The European Central Bank intervened to buy billions of euros worth of Spanish and Italian bonds and gave some respite to the borrowing costs of the two battered countries... more
Commentary: It's been widely, and correctly, stated that the current crisis bears eerie similarities with the banking crisis we all endured in 2009. But there is a key difference... more
The European Central Bank will accept Greek government bonds as collateral until all rating agencies rate them as having defaulted, the Financial Times says, citing a financial sector source... more
The Bank of England holds fire on interest rate hikes amid fresh uncertainty across the eurozone as Portugal holds out the begging bowl for a potential €80 billion bailout... more
Ireland puts a €70 billion price on protecting its banks from future shocks, promising a radical overhaul of the sector while trying to persuade investors it has the nation's financial crisis under control... more
The European Central Bank has “serious concerns” that Ireland’s bailout package could affect the institution’s ability to support the rest of the eurozone... more
Financial pressure on Europe’s weakest nations eases again as a second day of aggressive intervention by the European Central Bank soothes international markets... more
The euro tumbles below $1.28 for the first time since March last year as the European Central Bank votes to keep eurozone interest rates on hold at 1%... more
The bonzer Australian economy, which this week became the first major economic power to increase interest rates after the global recession, added 40,600 jobs last month while its peers in the west suffered rising unemployment ... more
Global stock markets were today tipped to enjoy a “sweet spot” for some time as world leaders plough on with stimulus packages for the economy ... more
Economy: The European Central Bank reduced its interest rates by half a percentage point to 2% as it finally dawned on policymakers there that the economic crisis is coming to Europe fast... more
Economy: Britain’s manufacturing industry is in its worst decline for almost 30 years, US unemployment is at its highest level for more than 15 years and Europe’s recession is rapidly catching up with the rest of the world’s... more
Australia's central bank has cut its benchmark interest rate by a larger-than-expected three-quarters of a point, adding to expectations that the Bank of England and European Central Bank will also make reductions... more
Credit crunch: Unlimited amounts of dollars will be available to the commercial bank lending market as the US Federal Reserve continues to stand behind attempts to kick-start liquidity in the money markets... more
The European Central Bank have raised interest rates for the first time since the onset of the credit crunch as it stepped up its fight against inflation... more
European manufacturing and service-sector companies' activity levels unexpectedly shrank in June, leading to further worries that an expected interest rate rise would hurt the economy... more
Continental bankers and politicians celebrated the tenth anniversary of the European Central Bank, hailing it, and the single currency it oversees, as one of the biggest successes of post-War Europe... more
Afternoon:
8°c
