The head of Germany's Bundesbank has warned the European Central Bank against straying beyond its remit, as the bloc's central bankers gathered on Wednesday night to discuss a possible plan to re-start intervention in government bond markets.
Investors were on edge Monday ahead of two big meetings by U.S. and European central banks.
With a deterioration in the Spanish outlook threatening to engulf Italy, the eurozone's monetary guardians must set aside any thoughts of the summer break when they meet in Frankfurt this week.
The European Central Bank lowered interest rates Thursday to all-time lows but did not introduce any unconventional moves to stimulate economic activity.
European Central Bank officials voted Wednesday to hold interest rates steady, even as the debt crisis in the euro area intensifies.
U.S. stocks pointed to a higher open as investors await comments from the European Central Bank, and weigh a new proposal for European-wide bank rescues and bailouts.
A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping the European Central Bank for cash, was bluntly rejected as unacceptable by the ECB, European officials said.
European Central Bank officials voted Thursday to hold interest rates steady, even as the euro area economy slides towards recession. But ECB president Mario Draghi appeared to hint that there could be rate cuts in the future.
CNN's John Defterios explains how emerging markets are countering Europe's debt crisis.
The European Central Bank offered a slightly more pessimistic outlook for the eurozone economy Thursday and said it expects inflation to rise this year on higher oil prices.
European banks deposited record amount of money at the European Central Bank overnight, days after the ECB flooded the banking system with low-cost loans.
The amount of cash deposited by eurozone banks overnight at the European Central Bank hit a record on Friday, coming just two days after financial institutions took advantage of an offer of unlimited cheap loans.
U.S. stocks were set for a higher open Wednesday, after the European Central Bank said that it well lend €529.5 billion, or $721.4 billion, to European banks in an effort to prevent a credit crunch.
The European Central Bank announced Wednesday that banks borrowed €529.5 billion, or $712.4 billion, under a highly-anticipated lending program aimed at preventing a credit crunch in Europe.
After unleashing a wave of liquidity earlier this year, the European Central Bank is set to offer European banks another chance to soak up billions of euros in cheap loans.
U.S. stocks were poised to edge higher at Tuesday's open, tracking gains in global stock markets, as oil prices pull back following a seven-day run-up that sent crude 9% higher.
The former head of the European Central Bank says the eurozone's woes must not be taken in isolation, but viewed as part of a global crisis.
The market is off to a scintillating start in 2012 and many of last year's worst performers are leading the charge.
The European Central Bank's latest effort to prevent a credit crunch in the European banking system appears to be showing signs of success, and some analysts say it could also be providing some relief for tensions in the government bond market.
One of the architects of the now-stricken euro says the European Central Bank was aware of tensions in the common currency which could lead to problems.
The European Central Bank on Wednesday announced strong demand for a key bank lending program meant to address the eurozone debt crisis.
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
European stocks rose Friday as leaders unveiled plans for a fiscal union at their high profile summit in Brussels. But continuing concern from bond investors sent most European bond yields higher.
The European Central Bank took steps Thursday to revive the ailing European economy and ease credit conditions for troubled eurozone banks.
World markets drifted in a lackluster holding pattern on Tuesday, as investors took a downgrade warning by Standard & Poor's in stride ahead of a key meeting of European leaders later this week.
Europe is hurting for cash, and central banks around the world are stepping in to give it a boost.
I wrote in yesterday's column about how the market wanted the European Central Bank to do something. It looks like the ECB listened.
Imagine Europe is Princess Leia. That means new European Central Bank president Mario Draghi would be Ben Kenobi.
Investors have been on edge all week as borrowing costs remain uncomfortably high across Italy and Spain.
European bond yields were still making traders nervous on Thursday, despite the European Central Bank's repeated bond-buying sprees.
The debt crisis in Europe may be entering a dangerous new phase as core members of the euro currency union now appear vulnerable to attack by the bond market.
Europe's debt crisis is far from over.
The European Central Bank is under pressure to step up its bond-buying program as borrowing costs for Italy rise to dangerously high levels.
As Italy and other countries stare into the financial abyss, questions are being raised about whether the European Central Bank should be bailing out failing economies as the only institution with sufficient funds available to act on several fronts at once.
The uncertainty over Greece's continuing role in the eurozone weighed heavily on Asian markets Thursday, but European markets ended higher in reaction to the European Central Bank's decision to cut interest rates.
The European Central Bank cut interest rates for the first time in two years Thursday, reversing a direction set earlier this year, as the new head of the monetary authority said Europe is heading into a mild recession.
U.S. stocks rallied for a third straight day Thursday, as investors turned optimistic, following the European Central Bank's latest policy measures aimed at boosting liquidity in the European banking system.
The European Central Bank announced a series of "non-standard" policy measures Thursday, aimed at increasing liquidity in the European banking system. But the central bank stopped short of lowering interest rates.
U.S. stocks were set to open higher Thursday, as investors took in the latest interest rate decisions from the Bank of England and European Central Bank.
People like to use the metaphor "pushing on a string" to describe something that's ineffective. After all, you can pull a string. But you can't really push one.
European financial markets were rocked Friday following a shakeup at the European Central Bank.
Asian stocks gained ground Tuesday afternoon after steep drops earlier in the day following Wall Street's biggest plunge since 2008, with Australia's All Ordinaries index closing in positive territory -- up 1% -- after declining 5% in morning trading.
European finance officials are stepping up their efforts to slow the rising panic over the euro zone's debt crisis.
The European Central Bank raised its key interest rate Thursday, in a continuing effort to fight inflation.
Greek debt crisis? What Greek debt crisis?
The European Council on Friday appointed Italian Bank Governor Mario Draghi as the next president of the European Central Bank.
In a widely expected move Thursday, the European Central Bank raised interest rates for the first time since 2008, in its fight against rising energy and food prices.
Have you heard about the hottest new trend in Europe? It's all the rage in Paris, Milan and Berlin. Inflation!
U.S. stocks were set to edge higher Thursday, after the European Central Bank raised its key interest rates by a quarter point and initial claims for unemployment showed improvement.
Treasury prices fell Wednesday as concerns about rising inflation and the outlook for interest rates in Europe and the United States took center stage.
With crude oil over $100 a barrel and gold hovering near a record high, many are clearly worried about inflation.
Stocks surged over 2% Wednesday as signs of economic strength in the United States and China tempered worries about the European debt crisis.
CNN's Richard Quest spoke with France's finance minister about the Irish bailout and its implications for Europe.
The European Central Bank has left its main interest rate unchanged at one per cent for an 18th consecutive month, maintaining a steady policy course even as the US Federal Reserve launches a renewed wave of "quantitative easing".
Spanish banks are borrowing record amounts from the European Central Bank as the country's financial institutions struggle to gain funding from the international capital markets.
Greek Finance Minister George Papaconstantinou discusses concerns over the country's faltering economy.
Greece saw its credit ratings downgraded to the lowest level in the eurozone on Tuesday as fears mounted over its deteriorating public finances.
Eurozone interest rates were left unchanged on Thursday at the record low of 1 per cent, highlighting the European Central Bank's caution about the strength of the region's economic recovery.
The dollar rose against the euro Tuesday on negative European production data and ahead of a central bank meeting expected to slash rates to a record low.
The European Central Bank and the Bank of England both cut their key interest rates to historic lows on Thursday in a bid to revive their ailing economies.
CNN's Richard Quest talks with Russell Jones about the decision by central banks in Europe to lower interest rates further.
The dollar rose against the euro and lost ground against the pound Thursday after the European Central Bank held interest rates steady and the Bank of England cut its key rate by half a percentage point.
The dollar rose sharply against the euro Wednesday, after weak economic reports from Europe supported many investors' belief that the European Central Bank will cut interest rates this week.
The dollar lost ground against major currencies Tuesday as Wall Street stayed calm ahead of two central bank monetary-policy decisions.
The dollar was mixed against rival currencies Thursday as concerns about the nation's banking sector vied with optimism surrounding the government's proposed economic stimulus program.
Global stocks continued sliding Thursday as reports that Bank of America faces a cash shortfall in its purchase of Merril Lynch dragged Wall Street while and ECB rate cut failed to cheer Europe.
The European Central Bank Thursday cut a key lending rate by half a percentage point to 2 percent.
The dollar rose against major currencies Monday - hitting a one-month high against the euro - boosted by expectations that the European Central Bank will cut rates later this week.
The Bank of England and European Central Bank (ECB) have slashed interest rates to 2 and 2.5 percent respectively in an ongoing bid to soften the impact of recession.
The Bank of England (BoE) and European Central Bank (ECB) have slashed interest rates in a bid to ward off a deep recession.
Asian and Pacific markets were relatively stable Thursday -- a day after major indices declined sharply on fears of the world financial crisis.
Brian Todd looks at the psychology of fear, and how it's wreaking havoc on the financial markets.
It spread from the U.S. Here's how it could burn us again
Global markets turned sharply lower Wednesday, despite emergency action by global central banks that had initially calmed skittish investors.
The U.S. dollar rallied Thursday amid speculation that the European Central Bank may need to lower interest rates soon and ongoing uncertainty about the future of the U.S. government's bailout plan.
The dollar surged to a five-month high against the euro Friday after European economic reports compounded worries that the 15-nation euro economy is in a tailspin.
The dollar gained against the euro Thursday, holding a 9-week high against the European currency, after the European Central Bank left a key interest rate unchanged.
The European Central Bank and the Bank of England both left their benchmark interest rates unchanged Thursday as they ponder how best to steer their economies between the shoals of mounting inflation and slowing growth
The dollar lost ground against major currencies Thursday, after a report showed the economy grew less that expected over the past several months, and jobless claims reached the highest levels since 2003.
The dollar was mixed on Monday as the stock market lost ground, after making gains earlier in the day on falling oil prices.
The dollar rose against the euro Thursday after a government report on the labor market came in largely as expected despite persistent rumors that a much bleaker number was in store.
The dollar was mixed against major currencies Wednesday, as investors await the European Central Bank's decision on interest rates and the latest unemployment numbers from the U.S. Department of Labor.
The fireworks may come a day early for the financial markets if the European Central Bank, as expected, raises interest rates on Thursday.
The dollar edged higher against both the dollar and the yen on Thursday, as oil prices fell and investors expect the Federal Reserve to hold rates steady next week.
With oil prices gushing above $126 a barrel, it's tempting to blame Europe for this inflationary mess.
The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank's president said inflation was expected to remain high
John Authers of the Financial Times joins CNN to discuss the factors behind the dollar's fall against the euro.
Don't expect the European Central Bank to cut interest rates any time soon, explains CNN's Todd Benjamin.
CNN's Sasha Herriman looks at how the U.S. subprime mortgage crisis is affecting interest rates in the United Kingdom.
Upbeat earnings from Goldman Sachs and Best Buy boosted stocks Tuesday morning, distracting investors from rising oil prices and the latest woes for the housing sector.
Stocks opened higher Tuesday, snapping out of recent sluggishness, driven by upbeat earnings and an extra boost by the European Central Bank.
The dollar briefly fell to another low against the euro Friday in European trading before regaining some ground.
The European Central Bank held off on raising its benchmark interest rate Thursday, staying at 4 percent in a nod to the volatility that has engulfed global markets since early August.
The European Central Bank added €40 billion ($54.2 billion) in three-month funds to the euro interbank money market on Thursday to reduce borrowing costs in one of the market segments hardest hit by the global credit squeeze.
The European Central Bank indicated Wednesday that its monetary policy was unchanged despite turmoil in financial markets, a move some analysts saw as signaling it still intends to raise rates in September.
The European Central Bank added more than $10 billion in extra funds to markets for a fourth day Tuesday but on a smaller scale, as central banks slowly pull out extra cash pumped in to avert panic about a credit squeeze.
The European Central Bank said it would inject $65.2 billion in liquidity into the euro zone banking system for a third day, sending the euro to session lows against the dollar and yen.
Stocks inched higher Monday morning as investors welcomed global central bank efforts to keep money flowing despite credit fears, as well as strong July retail sales.
Stocks rebounded Monday, extending late Friday's recovery effort, as investors welcomed global central bank efforts to keep money flowing despite credit fears, and strong July retail sales.
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