UK records western Europe's highest inflation as March fall disappoints
Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, official data showed on Wednesday, bolstering bets that the Bank of England will raise interest rates again in May.
Uncertainty reigns as Fed considers interest rate hike
Traders and economists remain split on whether the Federal Reserve will raise its benchmark policy rate on Wednesday.
Global central banks open daily dollar taps to help banks
Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world.
Credit Suisse takeover, central bank action calm jittery markets
Moves by authorities to avert a global banking crisis appeared to have lifted market confidence on Monday as investors welcomed emergency dollar liquidity from top central banks and a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group.
Analysis: UK businesses mull moving cash after SVB chaos
British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of U.S.
EU agrees on principles of new debt rules, but many details still open
European Union finance ministers are converging on broad principles of a reform of Europe's fiscal rules to make them fit better with post-pandemic economic realities, but crucial details remain to be negotiated, a document showed.
Europe's banks sucked into global rout as high rates reality hits home
European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money.
Inflation scare over? The case for and against sticky inflation
Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.
European stocks ride China optimism, euro zone yields at highs
European stocks rose in early trading on Friday, as investor risk appetite was boosted by signs of an economic recovery in China, even after expectations for European Central Bank rate hikes kept government bond yields at their highest in years.
ECB to raise rates again and face questions about future path
The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be.
Analysis-Italy promotes short-term job market, shunning Spain's example
Marta Pizza, a 26-year-old swimming instructor, has worked at a Rome sports centre for the last two years earning 8.50 euros per hour with no pension contributions, sick pay or holidays.
Eurozone dodges recession but gloomy outlook persists
The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth quarter of 2022, official data showed Tuesday, but the outlook remained gloomy as soaring prices dampen growth.
EU tests banks' ability to withstand 'high-for-long' interest rates
European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and interest rates just as the European Central Bank is expected to raise borrowing costs further.
Investors' bets against German bonds hit highest since 2015, S&P data shows
Investors have amassed the biggest bet against German government bonds since 2015, as the country issues large amounts of debt and the European Central Bank (ECB) talks tough on inflation.
Dollar near eight-month low ahead of central bank meetings
The U.S. dollar index last stood at 101.53, languishing near last week's eight-month trough of 101.51.
Easing euro zone downturn offers hope of milder recession
The downturn in euro zone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but consumers still cut spending amid a cost of living crisis, a survey showed on Wednesday.
Europe to be hit hardest in global slowdown -OECD
The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit hardest, the OECD said on Tuesday, urging central banks to keep hiking interest rates.
European shares pulled down by Mercedes, defence stocks up after Poland blast
European shares fell on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks.
Thousands march as Greeks strike over 'suffocating' inflation
Greek workers went on a day-long strike on Wednesday, demanding higher wages to cope with surging inflation, as Europe's soaring energy prices and living costs trigger industrial action and protests across the continent.
Italy economy minister promises fiscal prudence, lower debt
Italy aims to follow a cautious fiscal policy in order to lower its public debt but is ready to act quickly to curb surging energy costs and head off recession risks, Economy Minister Giancarlo Giorgetti told parliament on Wednesday.
Euro zone to mull energy support plans coordination as recession looms
Euro zone finance ministers will discuss on Monday how to better coordinate support for economies against soaring energy prices to reduce the uncertainty such schemes create for their 2023 budgets and to better prepare for a looming recession.
Thousands rally in Spain to demand pay hikes amid high inflation
Thousands of Spaniards packed Madrid's landmark Plaza Mayor square on Thursday to demand higher pay in the first mass protest since the start of the cost of living crisis.
Energy crisis chips away at Europe's industrial might
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering - demand for natural gas and electricity both fell in the past quarter.
European stocks hit six-week high on hopes for rate hike slowdown
European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles.
Global economy approaching a recession, central banks unchained - Reuters poll
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation.
Europe's energy crisis heaps pain on heavy industry
Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energy and raw material costs will shrink Europe's heavy industry.
ECB set to warn of risks in its non-binding opinion on Spanish tax proposal, sources say
The European Central Bank is set to warn of the adverse impact on Spanish banks' solvency of a proposed tax on the sector and of a higher cost of credit in an upcoming non-binding opinion, two sources with direct knowledge of the matter said.
'How's Brexit going?' British politics mocked at home and abroad
Britain's political and economic turmoil has been greeted with thinly veiled satisfaction among pro-European and leftist politicians abroad, with some commentators drawing parallels to chaotic Italy.
World Central Banks Caught In The Fed's Slipstream
The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop.
European shares log best day since mid-March as interest rate angst eases
European shares rose sharply on Tuesday, in line with global peers, boosted by growing hopes that central banks may ease the pace of future interest rate hikes as they attempt to bring down high inflation.