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  • ECB Lends Extra 15 Billion Euros Over Easter Thursday, 20 Mar 2008 | 7:54 AM ET

    The European Central Bank lent euro zone banks an extra 15 billion euros on Thursday to tide them over the Easter holiday period, although banks bid for four times as much.

  • China's Ping An Buys Half of Fortis Asset Arm Wednesday, 19 Mar 2008 | 2:59 PM ET

    China's Ping An Insurance Co deepened its ties with Belgian-Dutch financial group Fortis on Wednesday by buying half its asset management business for 2.15 billion euros ($3.4 billion).

  • Euro Rise to $1.6 Means Bankruptcy for French Aviation Tuesday, 18 Mar 2008 | 10:45 AM ET
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    The rise of the euro towards $1.60 threatens bankruptcies in Europe's aerospace industry, the head of France's Dassault Aviation, maker of Falcon business jets and Rafale fighters, said on Tuesday.

  • ECB Officials Stress Inflation Concerns Tuesday, 18 Mar 2008 | 8:01 AM ET
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    European Central Bank Executive Board members stressed on Tuesday the role of the ECB as a guardian of price stability, giving the strong euro only scant mention.

  • Fear Freezes Bank-to-Bank Lending Monday, 17 Mar 2008 | 9:16 AM ET

    Financial trading and interbank lending almost ground to a halt on Monday as banks grew  fearful of dealing with each other following Friday's near collapse of U.S. investment firm Bear Stearns, prompting talk of another round of coordinated central bank aid.

  • Euro Zone Feb Inflation Hits Record High 3.3% Friday, 14 Mar 2008 | 7:06 AM ET

    Euro zone inflation hit a new record high of 3.3 percent in February, the European Union's statistics office said, with soaring oil prices taking their toll despite the cushion of a strong euro.

  • Second Banker Freed in French Rogue Trader Probe Thursday, 13 Mar 2008 | 6:37 AM ET

    An employee of Societe Generale  has been freed by police, the day after he was arrested in connection with a probe into a rogue trading scandal at the bank, the Paris prosecutor's office said.

  • ECB's Trichet Criticizes Disorderly FX Moves Thursday, 13 Mar 2008 | 5:54 AM ET
    European Central Bank President Jean-Claude Trichet

    European Central Bank President Jean-Claude Trichet said disorderly swings in currencies were undesirable, according to an interview with a French magazine published on Thursday.

  • Police Make New Arrest in SocGen Trading Scandal Wednesday, 12 Mar 2008 | 2:39 PM ET

    Police arrested another employee of Societe Generale on Wednesday as part of its inquiry into an alleged rogue trading scandal at France's second-biggest listed bank, the Paris prosecutor's office said.

  • Feast and Famine Wednesday, 12 Mar 2008 | 7:52 AM ET

    The latest sovereign wealth fund move underlines hemes at this year's MIPIM: where do the value opportunities lie a year after the credit crunch started to take hold, and who will emerge as the new dominant players?

  • SocGen's $8.5 Billion Rights Issue Oversubscribed Tuesday, 11 Mar 2008 | 12:57 PM ET

    French bank Societe Generale said on Tuesday its 5.5 billion euro ($8.45 billion) rights issue was oversubscribed, providing a base for its battle to recover from a trading scandal.

  • As MIPIM Starts, Opportunity Lies East Tuesday, 11 Mar 2008 | 7:57 AM ET

    The 28,000 delegates can now start to discuss the real issue of the day. Who will throw the most fabulous party? And more importantly: how the devil are they making enough money to pay for it?

  • ECB Is Worried About Excessive Currency Moves Monday, 10 Mar 2008 | 10:00 AM ET
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    European Central Bank President Jean-Claude Trichet said on Monday that the bank is currently concerned about excessive movements in currency exchange rates which are undesirable for economic growth.

  • Storm Clouds, Not Just in Credit Markets Monday, 10 Mar 2008 | 8:38 AM ET

    We all expected the credit crunch to cast a shadow across the start of this year's MIPIM real-estate conference starting in Cannes tomorrow. But a literal storm was the immediate problem.

  • Veolia 2007 Profit Misses Forecasts, Shares Tumble Friday, 7 Mar 2008 | 12:13 PM ET

    Veolia Environnement, the world's biggest listed water supplier, missed analysts forecasts with a 11.1 percent rise in 2007 recurring operating profit on Friday, sending its shares more than 6 percent lower.

  • EU Warns Against Golden Shares at EADS Friday, 7 Mar 2008 | 12:00 PM ET
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    The European Commission warned France and Germany not to introduce "golden shares" at aerospace group EADS, highlighting  concerns about how much control state-backed investors should have over companies whose products are crucial for national security.

  • Central Banks Voice Concern on Inflation Friday, 7 Mar 2008 | 8:22 AM ET

    Central bankers from the world's industrialised and developing regions voiced concern on Friday over surging food and energy prices, their latest big challenge as globalisation unsettles the balance of supply and demand.

  • Euro Strength Reduces ECB's Surplus Thursday, 6 Mar 2008 | 10:18 AM ET

    The European Central Bank's surplus fell to 286 million euros ($439 million) last year from 1.37 billion euros in 2006, because of the euro's strength, the bank said on Thursday.

  • ECB, BoE Expected to Hold, for Now Thursday, 6 Mar 2008 | 5:00 AM ET

    The European Central Bank and the Bank of England are likely to keep interest rates unchanged at their meetings on Thursday but monetary policy easing is on the cards for later, analysts and dealers expect.

  • Credit Agricole: When No Means Maybe Thursday, 6 Mar 2008 | 2:51 AM ET

    Worse results than expected Wednesday morning from Credit Agricole, but that didn't deter buyers. Within hours of getting the news investors were happy to bid the stock up.