Spain’s economy took its steepest dive in more than three years in the final quarter of 2012 as high unemployment and biting austerity measures slashed demand, a Bank of Spain report showed Wednesday.
Spain’s economy took its steepest dive in more than three years in the final quarter of 2012 as high unemployment and biting austerity measures slashed demand, a Bank of Spain report showed Wednesday.
Greece’s Finance Ministry says state-run lender Hellenic Postbank will be split up following a failed attempt to privatize it earlier this month.
ABU DHABI — Total will hold talks in Abu Dhabi about renewing oil production rights in the UAE and developing natural gas fields, the company’s chief executive officer said.
FRANKFURT — The German central bank or Bundesbank said on Wednesday it will relocate parts of its gold stored abroad following recent accusations that it was not keeping proper track of the vast reserves.
FRANKFURT - The European Central Bank held interest rates at a record low of 0.75 percent on Thursday, refraining from a cut following fledgling signs of life in the euro zone economy and with inflation still above target.
LONDON - The Bank of England has left its base interest rate and its monetary stimulus program unchanged, as widely anticipated by analysts.
The European Central Bank is expected to keep interest rates at a record low of 0.75 percent on Thursday, refraining from a cut as the euro zone economy shows some signs of stabilising and inflation still tops its target.
Europe’s stalled economy won’t get more help from the European Central Bank, which is expected to hold off cutting interest rates as it waits for financial markets to heal so that its already low benchmark rates get through to businesses and consumers.
If the opening salvos of 2013 tell investors anything, it’s to keep their eyes fixed on the world’s central banks rather than its more volatile politicians or even spluttering economies.
Taiwan’s Chinatrust Commercial Bank is in talks to take over a regional Japanese bank in what would be the first such foreign acquisition, a report said Sunday.