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  • Orphanides: ECB Ready to Raise Rates if Needed Thursday, 3 Jan 2008 | 3:19 AM ET

    The European Central Bank would be ready to raise interest rates again if necessary, new ECB Governing Council member Athanasios Orphanides said in a German newspaper interview published on Thursday.

  • ECB to Drain as Much as $294.42 Billion from Markets Wednesday, 2 Jan 2008 | 7:53 AM ET

    After pumping in billions of euros to banks eager for cash in December, the European Central Bank on Wednesday said it would -- as expected by money markets -- remove much of that money.

  • European Stocks Will Rely on Banks in 2008 Monday, 31 Dec 2007 | 8:27 AM ET

    European stocks had a turbulent second half in 2007 and are still in largely in recovery mode as the year draws to an end.

  • UK's Brown Says Credit-Crunch Priority for 2008 Monday, 31 Dec 2007 | 3:32 AM ET

    British Prime Minister Gordon Brown got a boost from an opinion poll on Sunday and said his priority for 2008 would be steering Britain's economy through the fallout from the global credit crunch.

  • Trichet: ECB Must Stop Inflation Spreading Monday, 24 Dec 2007 | 3:27 AM ET

    The European Central Bank is determined to stop increases in oil and food prices becoming entrenched in a broader inflation rise, President Jean-Claude Trichet said in a newspaper interview published on Monday.

  • UK's Current Account Deficit Hits a Record High Thursday, 20 Dec 2007 | 5:54 AM ET

    Britain's current account deficit hit a record high of 20 billion pounds in the third quarter, equivalent to 5.7 percent of GDP, official data showed on Thursday.

  • BoE Voted 9-0 for Dec. Rate Cut, Mulled Bigger Moves Wednesday, 19 Dec 2007 | 7:20 AM ET

    All nine members of the Bank of England's Monetary Policy Committee voted to cut interest rates by a quarter-point in December and even discussed whether slowing economic growth meant a bigger move might be needed.

  • Europe's Central Banks Flood Markets With Funds Tuesday, 18 Dec 2007 | 4:15 PM ET

    The European Central Bank and Bank of England flooded money markets with funds on Tuesday as the UK central bank chief warned of a possible "self-reinforcing" downward spiral in credit.

  • Euro Zone Oct. Trade Surplus Rises as Exports Gain Tuesday, 18 Dec 2007 | 5:16 AM ET

    The euro zone had a higher-than-expected trade surplus in October despite a continued rise in the euro as exports grew faster than imports, the European Union's statistics office said on Tuesday.

  • Putin Ready to Become Prime Minister Monday, 17 Dec 2007 | 11:32 AM ET

    Russian President Vladimir Putin said on Monday he was ready to become prime minister if his close ally Dmitry Medvedev succeeds him, giving Putin a way to keep a grip on power after he leaves the Kremlin.

  • Euro Zone Dec. Services PMI Falls, Signals Slowdown Monday, 17 Dec 2007 | 8:26 AM ET

    Euro zone services grew at a slower pace than expected in December, as the banking sector stalled, signaling a slowdown in the single currency area, a key survey showed on Monday.

  • Euro zone services growth cooled more than expected in December as the banking sector stalled while manufacturing activity eased marginally, but in line with forecasts, a key survey showed on Monday.

  • Euro Zone Inflation Surges 3.1% on Food, Oil Prices Friday, 14 Dec 2007 | 9:19 AM ET

    Euro zone inflation surged to 3.1 percent in November, the highest level since May 2001 according to Global Insight and above an earlier estimate of 3 percent, data from the EU statistics agency Eurostat showed on Friday.

  • ECB, BOE Join Fed Effort to Ease Market Stress Wednesday, 12 Dec 2007 | 11:04 AM ET

    Several top central banks including the Federal Reserve and the European Central Bank  announced plans to address elevated pressures in short-term funding markets.

  • ECB Stays on Hold, Bucks Global Easing Trend Thursday, 6 Dec 2007 | 12:17 PM ET

    The European Central Bank kept rates on hold at 4 percent as expected on Thursday, bucking a global trend of monetary easing amid increased turmoil in the financial markets.

  • BoE Cuts Rates on Slowdown Fears Thursday, 6 Dec 2007 | 10:06 AM ET

    The Bank of England cut its main rate by a quarter of a percentage point to 5.5 percent Thursday amid fears of an economic slowdown because of a spillover from the credit crunch.

  • ECB May Get Lonely Wednesday, 5 Dec 2007 | 11:50 AM ET

    With major central banks cutting rates right and left, the European Central Bank risks being the only one fighting the monetary-easing trend. But there seems to be no other option for the ECB.

  • Bank of England Weighs Rate-Cut Dilemma Wednesday, 5 Dec 2007 | 11:21 AM ET

    The Bank of England is still expected to hold interest rates at 5.75 percent on Thursday, but analysts say it is a close call, as expectations shifted towards the possibility of monetary easing following weak economic data.

  • Talk of Euro Intervention Intensifies Wednesday, 5 Dec 2007 | 11:14 AM ET
    Exchanging Dollars and Euros

    Verbal intervention to try to stop the euro's advance is all that exporters will get for the moment, but if the going gets tough things may change, analysts say.

  • Euro Unemployment Hits New Low in October Monday, 3 Dec 2007 | 10:20 AM ET

    Unemployment in the 13 nations that use the euro fell to a new record low of 7.2 percent in October, the EU statistics agency Eurostat said Monday, as Europe's recent growth spurt cut jobseeker queues that are the longest in the industrialized world.

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