Skip to: Content
Skip to: Site Navigation
Skip to: Search

September 5, 2008 7:50:10 PM CDT

Learn about Newser Points »

Stories related to: European Central Bank

Stories

11 Stories

  • July 2008

    • Europe Hikes Interest Rates to Curb Inflation

      MarketWatch  |  Jul 3, 08 8:29 AM CDT

      Europe Hikes Interest Rates to Curb Inflation

      (Newser) - The European Central Bank today adjusted interest rates for the first time in more than a year, reports MarketWatch, raising the main rate by a quarter-point to 4.25%. The increase comes just after a report that inflation in the eurozone has reached 4%, the highest rate since the introduction of the euro in 1999. The move was expected, and the euro remained strong, hovering at around $1.58. More »

      Tags

      inflation  • interest rate  • euro  • European Central Bank  • ECB  • eurozone

  • April 2008

    • Dollar Rallies at Last

      Bloomberg  |  Apr 25, 08 6:46 AM CDT

      Dollar Rallies at Last

      (Newser) - The dollar rose to a three-week high against the euro today and looked set to post its biggest weekly advance since March. The dollar advanced to $1.55 per euro this morning in London, after falling below the $1.60 barrier on Tuesday. The dollar also gained against the yen, and investors are betting on another strong showing next week, reports Bloomberg. More »

      Tags

      Federal Reserve  • US dollar  • euro  • yen  • European Central Bank  • ECB

  • March 2008
  • February 2008

    • $1.50 Euro Sparks Biz Plea for Help

      Daily Telegraph (UK)  |  Feb 28, 08 4:39 AM CST

      $1.50 Euro Sparks Biz Plea for Help

      (Newser) - Now that its common currency is trading above the $1.50 barrier, eurozone industry is calling for action to remain competitive in global markets. BMW, which has already laid off 5,600 employees, will have to take further action in the event of a "sustained rise" of the euro, reports the Telegraph . "We can't cope with such an exchange gap," compained the CEO of Dassault, France's top aviation company. More »

      Tags

      Nicolas Sarkozy  • US dollar  • euro  • European Central Bank  • BMW  • exchange rate  • global market

    • Service Sector Records Shocking Contraction

      Bloomberg  |  Feb 5, 08 11:35 AM CST

      Service Sector Records Shocking Contraction

      (Newser) - US service industries took a staggering and unexpected plunge in January, contracting at a pace not seen since the last recession. In today’s non-manufacturing report, which leaked nearly an hour early, the index plummeted from 54.4 to 41.9, far more than the 53 analysts forecast. Stocks fell broadly as a result. More »

      Tags

      recession  • economic indicators  • European Central Bank  • service industry

  • December 2007

    • Fed to Inject $64B Into Global Money Markets

      Bloomberg  |  Dec 12, 07 10:02 AM CST

      Fed to Inject $64B Into Global Money Markets

      (Newser) - The Federal Reserve will inject some $64 billion into the global economy, fearing that the ongoing credit crunch could spark recession. In the most significant international economic cooperation since 9/11, the Fed will supply up to $24 billion to the ECB and other central banks to ease the money supply in Europe; meanwhile four auctions stateside will make available at least $40 billion to US markets, Bloomberg reports. More »

      Tags

      Federal Reserve  • recession  • auction  • liquidity  • European Central Bank

    • UK Cuts Interest Rates, But EU Holds Steady

      Bloomberg  |  Dec 6, 07 7:21 AM CST

      UK Cuts Interest Rates, But EU Holds Steady

      (Newser) - The Bank of England cut its benchmark interest rate for the first time in over two years today, reducing the bank rate by a quarter-point to 5.5%. The cut drove the pound down to about $2.02, its lowest in 2 1/2 months. The European Central Bank in Frankfurt, however, didn't go along: it decided to keep its main interest rate unchanged at 4% despite fears of an over-strong euro. More »

      Tags

      interest rate cut  • Bank of England  • European Central Bank  • Mervyn King

  • November 2007

    • Euro Slips on Interest Rate Speculation

      Associated Press  |  Nov 28, 07 7:20 AM CST

      Euro Slips on Interest Rate Speculation

      (Newser) - The euro dropped against the dollar on speculation that the European Central Bank might hold off on raising interest rates, AP reports. The euro hit a record $1.4966 Friday as investors worried about US stability. It was down to $1.4732 this morning in European trading. Germany is feeling the pain of a strong currency, which hurts exports, and officials and consumers are concerned about a slowdown. More »

      Tags

      US dollar  • euro  • currency exchange  • European Central Bank

  • September 2007

    • ECB Pumps Cash Into European Markets

      Bloomberg  |  Sep 6, 07 1:25 PM CDT

      ECB Pumps Cash Into European Markets

      (Newser) - The European Central Bank pumped $57.7 billion of emergency cash into the markets today and left their key interest rates unchanged, in an effort to ease the cost of borrowing and calm markets made volatile by the US subprime collapse, Bloomberg reports. The ECB action followed a day in which borrowing costs reached their highest point in six years. More »

      Tags

      subprime mortgages  • banking  • market  • European markets  • European Central Bank  • ECB

  • August 2007

11 Stories

Today's Most Popular

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »