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Tags : "European Central Bank"

The pandemic will make European bonds more attractive than their

Vehicles drive by the US Treasury Building in Washington, DC on November 15, 2011. Karen Bleier | AFP | Getty Images U.S. authorities are spending so much that European debt will become more appealing to investors, an economist told CNBC Monday. U.S. bonds — debt issued by the U.S. Treasury to fund government activities — […]Read More

CaixaBank and Bankia to merge, creating Spain’s largest bank

The boards of directors at Bankia and CaixaBank have agreed to merge, which would lead to a behemoth in the Spanish banking sector Pierre-Philippe Marcou, Gabriel Bouys | AFP The boards of Spain’s CaixaBank and state-owned Bankia have approved a merger plan between the two lenders, which will create the biggest bank in the country […]Read More

European Central Bank keeps rates and stimulus program unchanged, despite

European Central Bank (ECB) President Christine Lagarde addresses a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. Ralph Orlowski | Reuters The European Central Bank announced Thursday it was keeping its interest rates and coronavirus-stimulus program unchanged, despite a stronger euro putting pressure on the […]Read More

Euro zone unemployment rises to 7.9% despite reopening of economies

A demonstrator wearing a face mask and gloves as a precaution during the protest. Art workers gathered in front of the Greek Parliament at Syntagma Square to demand support after the government announced that all the summer events, festivals, concerts and public gatherings will take place with strict limitations or have to be cancelled to […]Read More

Fed to cut one-week dollar swap operations with major central

FRANKFURT: The US Federal Reserve will cut the number of seven-day swap operations with major central banks to one tender per week from three from Sept. 1 as funding conditions have improved, the European Central Bank said in a statement on Thursday. The Fed will, however, maintain its schedule for 84-day tenders with the Bank […]Read More

European leaders kick off negotiations over a massive fiscal stimulus

German Chancellor Angela Merkel speaks during a sitting of the Bundestag, ahead of a EU summit. TOBIAS SCHWARZ The 27 European governments are negotiating for the first time Friday a proposal for 750 billion euros ($841 billion) to tackle the Covid-19 crisis. However, the new stimulus plan has sparked division among EU countries and it […]Read More