TOKYO, July 25- The dollar held gains versus the yen on Friday and the euro stood steady after rebounding from an eight-month low against the greenback as data painted a brighter picture of the U.S. and eurozone economies.» Read More
The euro zone economy recorded its first ever contraction in the second quarter, pulled down by falling activity in its biggest economies, which could lead to a technical recession.
The Bank of England held interest rates steady at 5 percent Thursday, as widely expected, as opposing concerns of rising inflation and slowing economic growth left policy makers without clear direction.
The European Central Bank is widely expected to keep interest rate on hold Thursday, but is monetary policy really the most important thing for the future of the Euro-Zone economy?
Euro zone inflation jumped to another record high of 4.1 percent year-on-year in July as forecast, data showed on Thursday, but a bleak economic outlook may discourage interest rate increases this year.
The European Central Bank and the Swiss National Bank will offer banks long-term loans in dollars in an extension of coordinated efforts with the U.S. Federal Reserve to ease money market tensions.
The euro zone economy appears to be taking a hammering as a key business survey released on Thursday painted a deteriorating picture, coming in well below analysts' expectations.
The euro zone posted an unadjusted trade deficit much wider than expected in May as imports grew at more than double the rate of exports, data showed on Friday.
Ireland is still a good place to invest and can compete globally despite the country's recent rejection of the Lisbon Treaty and stalling economic growth, Irish Prime Minister Brian Cowen told CNBC.
Euro zone economic growth is likely to be weak in the second and third quarters before staging a recovery, and second-round inflation effects need to be prevented, ECB President Jean-Claude Trichet said.
Euro-zone rates rose to 4.25% as the central bank fights inflation, but ECB President Jean-Claude Trichet's message was slightly dovish.
A petition to halt interest rate hikes in the euro zone notwithstanding, European Central Bank President Jean-Claude Trichet will in all likelihood boost interest rates when the policy makers meet Thursday.
The world's biggest central banks are pulling in opposite directions and it seems their efforts are only contributing to one thing: a weaker dollar. Vote for your preferred central banker.
There is a risk inflation will "explode" if the European Central Bank does not act decisively to counter it, ECB President Jean-Claude Trichet was quoted on Wednesday as saying.
U.S. Treasury Secretary Henry Paulson said on Tuesday that discussions with European Central Bank chief Jean-Claude Trichet about inflation led quickly to food and oil prices, and he reiterated his respect for central bank monetary policy decisions.
Euro zone inflation jumped to a record high of 4.0 percent in June, cementing expectations the European Central Bank will raise interest rates this week despite slowing economic growth.
Inflation risks have increased in the medium term and the European Central Bank stands ready to counter inflationary pressures, ECB President Jean-Claude Trichet told the EU Parliament on Wednesday.
Germany may report a shrinking in its economy for the second quarter of this year and stagnation would probably be a positive outcome, Deputy Economy Minister Walther Otremba said on Tuesday.
Ireland will this year see its first recession since 1983, but recovery will be faster than when the economy shrank then, a government-funded research body said on Tuesday.
Euro zone services and manufacturing activity both fell unexpectedly into contraction in June, a key survey showed on Monday, although the weakness may not be pronounced enough to deter an ECB rate hike in July.
The average asking price of a UK property fell in June as mortgage providers cherry-picked customers and competing properties outnumbered buyers by 15 to 1, property advertiser web site Rightmove, one of Britain's biggest, said.
Get the best of CNBC in your inbox