ECB raises rates more than expected to fight off runaway inflation

ECB raises rates more than expected to fight off runaway inflation

All rates rise by 50 basis points Inflation uncomfortably high and rising ECB also approves ‘anti-fragmentation’ tool called TPI Press conference at 1245 GMT FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the … Read more

EU plans for life without Russian gas amid inflation spike

EU plans for life without Russian gas amid inflation spike

‘The notion of cheap energy is gone,’ Latvian PM says Inflation in euro zone has shot to all-time highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders on Friday warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, … Read more

Swiss National Bank raises rates in shock move, ready for more

Swiss National Bank raises rates in shock move, ready for more

The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register SNB hikes rates for first time since 2007 Chairman says franc is no longer highly valued Safe-haven franc surges after decision Economists surprised by move, expect more hikes … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, U.S. yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank … Read more

ECB signals rates lift-off, eyes bigger move in September

ECB signals rates lift-off, eyes bigger move in September

Promises 25 bps July rate hike Says will hike again in Sept and bigger move possible Inflation rising, broadening Lagarde press conference at 1230 GMT FRANKFURT/AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike since 2011, … Read more

EY Brexit tracker notes that 7,000 finance jobs have left London for the EU

EY Brexit tracker notes that 7,000 finance jobs have left London for the EU

A general view of London showing Tower Bridge, The Shard, London City Hall, The Fenchurch Building, also known as The Walkie Talkie, The Tower Of London, St. Paul’s Cathedral, in London, UK, March 23, 2022. Picture taken with a drone. REUTERS / Yann Tessier Sign up now for FREE unlimited access to Reuters.com Sign up … Read more

War in Ukraine causes German business morale to collapse

War in Ukraine causes German business morale to collapse

Skyline with the banking district is photographed in Frankfurt, Germany, September 22, 2021. REUTERS / Kai Pfaffenbach Sign up now for FREE unlimited access to Reuters.com Sign up BERLIN, March 25 (Reuters) – German business morale fell in March as companies worried about rising energy prices, driver shortages and the stability of supply chains in … Read more