European Central Bank

Hang Seng gained 0.8 percent in the week, while Nikkei and KOSPI eased marginally by 0.1 percent.

ECB hold its key lending and deposit rates unchanged as it awaits a decision from Spain on a formal European Union bailout.

Spain's €13bn in new austerity measures keeps EU partners happy, but several market tests await.

Shanghai Composite Index rises 1.45 percent while Hong Kong's Hang Seng gains 0.38 percent.

Fifty thousand Greeks take to streets in Athens as general strike against biting austerity measures hailed a success.

Apart from the eurozone woes, marketmen feel much more needs to be done by central banks to spur growth.

Third major austerity protest in a week highlights political challenge to Europe's economic reforms.

Eurozone worries continue to impact investor sentiments in Asia.

Prime Minister Mariano Rajoy faces his toughest week in government as protests highlight unease over steepest austerity measures in modern Spanish history.

Nikkei and Hang Seng end higher while Shanghai Composite Index and KOSPI fall.

Plans to increase Europe's permanent bailout fund with some of the same techniques that created the original crisis appear doomed from the beginning.

Mario Draghi's bond buying programme has bought time but business leaders in Europe's biggest economy seem to question whether it will be used effectively.

Monetary policy uncertainty and lack of cues from central banks impact markets.

The final review of Greece's staggering finances will be published in November as Obama Administration asks for "no surprises" from EU officials before presidential vote.

Bank of Japan governor says turnaround will take longer than anticipated but decision on monetary easing 'not related to China protests'.

Investor focus switches to US fiscal cliff as more better value in European stocks for the fist time in more than a 18 months.

Spain's borrowing costs fall but tepid demand signals concern over banking sector and impending bailout.

Talk for fourth European bailout intensifies as Euro Area finance ministers prepare for two-day meeting in Nicosia.

Greece's Finance Ministry denies need for new bailout after Thanos Catsambas tells Wall Street Journal that Troika demands are "totally unrealistic".

EU unveils plans to regulate financial sector in headline-filled session for European investors.

Coalition leaders struggle to agree on target of €11.5 billion in cuts as recession enters fifth year.

OECD economists say UK economy to contract by -0.7 percent in 2012 rather than grow 0.5 percent as previously though

ECB president Mario Draghi says plans to support bond market will preserve singleness of monetary policy but markets stall.

Report suggests ECB prepared to buy unlimited quantities of Eurozone government debt to bring down yields and draw a line under the crisis.

Moody's says EU's negative outlook is due to its key budget contributors.

Controversial European Commission plans would hand European Central Bank authority over all eurozone banks in first step to monetary union.

PMI data shows continued contraction of private sector output across crisis-hit eurozone, with accelerating decline of powerhouse Germany

First quarter revision prevents recession, but German Economic sentiment data indicates a tough second half for region's economy.

All major Asian indices extend their loss as the ECB fails to hold out any hope of immediate action to save the troubled eurozone.

Investors disappointed by ECB President Mario Draghi's press conference in Frankfurt as bond purchase programme remains dormant.