The interbank cost of borrowing three-month dollar, sterling and euro funds rose on Tuesday, according to the British Bankers Association's latest daily fixing, despite central banks continuing to pump funds into the money market.
Stricken German lender IKB got another $700 million of taxpayers' cash to bolster itself amid more subprime writedowns, exasperating politicians who said it should get no more state help.
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 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).
Deutsche Telekom vowed on Wednesday to fight continued sales and earnings declines at its traditional fixed-line business, aiming to stabilize the business by 2010.
Well, not altogether true, of course. Or rather: It´s not so much confidence, but the notable lack thereof. Has Ben Bernanke completely lost his bearings? That's the question of the day ...
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.
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.
Deutsche Telekom will buy a 20 percent stake in Greece's largest phone company, OTE, for 2.5 billion euros ($3.33 billion) and aims to take full control of the company as it fuels growth via acquisitions.
Allianz is planning to break up Dresdner Bank in a move that paves the way for a sale of investment banking laggard Dresdner Kleinwort and an end to a marriage many investors wished never happened.
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.
BMW, the world's largest premium carmaker, reported slightly better 2007 results than expected on Thursday and named a new head of sales and marketing as its aims to boost sales at all three brands this year.
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.
It is the ECB's mandate, credo and conviction that only an inflation-free (inflation-free in ECB speak is a rise in consumer prices of no more than 2 percent) economy is a healthy economy and that price stability is the best guarantor for economic growth and prowess.
German investor morale unexpectedly improved in March, chiming with other recent reports showing Europe's largest economy has made a solid start to the year despite weaker global growth and a strong euro.
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.
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 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.
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.
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.