Banking And Credit

Financial forum: Virtual currencies need close monitoring

Jul 16, 2018

An international forum on financial regulation say virtual currencies such as Bitcoin do not now pose a threat to global stability but cautions that "vigilant monitoring" is needed in light of a rapidly changing market

Trade war fears a clear concern of European bank officials

Jul 12, 2018

Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains "broadly on track"

South Korea's central bank cuts outlook on trade battle

Jul 12, 2018

South Korea's central bank has cut its forecast on the South Korean economy, citing mounting uncertainties from the U.S.-China trade battle

ECB taking action to reduce bad loans at eurozone banks

Jul 11, 2018

The European Central Bank says it's taking further steps to reduce the amount of bad loans carried by banks _ a factor that hindered economic recovery and complicated debate on strengthening the setup of the euro

ECB head Draghi: Trade protectionism is main risk to economy

Jul 9, 2018

European Central Bank head Mario Draghi said that rising trade barriers are the main threat to Europe's economy and that it's up to the European Union to "lead by example."

Global stocks sink after Fed hike signal, eyes turn to ECB

Jun 14, 2018

Global stocks have slumped after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases

Asian stocks slump after Fed signals faster rate hikes

Jun 14, 2018

Asian stocks have slumped after the U.S. Federal Reserve raised its key interest rate and said it would pick up the pace of future increases

European Central Bank to weigh end to stimulus program

Jun 12, 2018

The European Central Bank could signal readiness to end its bond-purchase stimulus at Thursday's meeting of its 25-member governing council, with analysts pointing to the end of the year as a likely final exit date

EU, IMF warn of US protectionism, back multilateral trade

Jun 11, 2018

Leaders of the International Monetary Fund, World Trade Organization and other international agencies warn that American protectionism could cause global economic damage

Swiss reject money proposal, approve on-line casino gambling

Jun 10, 2018

Swiss voters have rejected a referendum that would have made sweeping changes in their country's monetary and banking system

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