The European Commission has presented draft legislation aimed at taming the multi-trillion-euro shadow banking industry in the 28-member bloc. The idea is to make unregulated money market funds safer. The EU executive said the draft...
The euro has continued its steady rise against the US dollar, with analysts viewing the development as a sign of economic recovery in the area using the currency. But the surge might not be sustainable....
The US dollar is little changed against most of the major currencies as summer market awaits the week’s key events that begin in earnest tomorrow. The Australian dollar is the biggest mover, dropping about 1.5%...
Federal Reserve chairman Ben S Bernanke has hinted that the economy may still require stimulus to bolster growth, that may lead to a rally in weak foreign currencies, especially in the emerging markets. Bank of...
In March, six years after inception, the first ECB-organized Eurozone-wide household-wealth survey results were trickling out. But when the Bundesbank refused to publish the German data, insiders leaked the reason: too explosive for the current...
The EU is taking a tough stance against what it considers anti-competitive behavior by Microsoft, which could be fined up to 7 billion dollars. DW looks at Microsoft’s troubles in Europe.There’s nothing more frustrating than...
The first article of this Two part Series Historical differences in economic institutions jeopardized the Euro currency Is it not strange that Europeans do not have the same vision of economy? Just as in India,...
The first article of this Two part Series Two weeks ago (Oct. 4), the European Central Bank (ECB) decided to let its key rate unchanged at 0,75%, its level since last July. The ECB also...
Poland’s prime minister has unveiled a multibillion-euro investment plan to fuel growth. The move is also aimed at boosting support for the government, which has seen its popularity dwindling of late. On Friday, Prime Minister...
Europe’s stock indices have pointed upwards in end-of-week trading, continuing their gains in recent days. The bullish mood has been backed by political comments about the eurozone’s ability to cope with the crisis. European shares...
In March, EU countries endorsed the fiscal treaty and ESM rescue fund. Now, on the last day before the parliamentary summer break, Germany’s upper and lower houses are expected to ratify it. But there is...
NIFTY shut shop 21 points higher ahead of Future and Option market expiry tomorrow. It was very range bound market and NIFTY hovers between a small band of 25-30 points. Street and market participants are...
