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  • Qatar Is Close to Buying LSE Stake: Media Reports Sunday, 16 Sep 2007 | 9:23 PM ET

    Qatar's state investment fund is close to buying Nasdaq's 31% stake in the London Stock Exchange Group, newspaper reports said on Sunday.

  • EU Ministers Back ECB on Credit-Crunch Actions Friday, 14 Sep 2007 | 10:58 AM ET

    EU finance ministers gave the European Central Bank a thumbs-up on Friday for its efforts to combat a global credit crunch and said they hoped the damage to economic growth from market turmoil would be limited.

  • U.K. Chancellor of the Exchequer Alistair Darling Friday called on global economic policymakers and regulators to provide a coordinated response to financial stability issues arising from the recent period of instability in global financial markets. 

  • European stocks closed in the positive territory Thursday, helped by encouraging signs in credit markets.

  • Commercial Paper Rolls Over at Higher Costs Thursday, 13 Sep 2007 | 11:14 AM ET

    Bankers are refinancing $100 billion-plus of commercial paper debt maturing into next week without major troubles so far, but borrowers are facing shorter maturities and higher costs as liquidity and confidence remain in short supply.

  • ECB Highlights Uncertainty, Waiting for Credit Data Thursday, 13 Sep 2007 | 10:08 AM ET
    FILES - Picture taken 06 June 2007 shows a man walking past the European Central Bank (ECB) in Frankfurt/M. western Germany. The European Central Bank 14 August 2007 injected 7.7 billion euros (10.5 billion dollars) into the money market to calm liquidity fears in the wake of the crisis in the US home loan sector.

    The current turmoil makes a restart of the European Central Bank's tightening cycle uncertain.  It will take months before financial markets  return to normal.

  • SNB Raises Rates but Aims to Calm Markets Thursday, 13 Sep 2007 | 9:47 AM ET

    The Swiss National Bank raised interest rates by 25 basis points on Thursday as inflation risks from the booming economy persisted but said it aimed to calm conditions on the money market, roiled by the global credit crisis.

  • U.S. Subprime Tension has Increased Growth Risks: ECB Thursday, 13 Sep 2007 | 6:38 AM ET

    Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday.

  • European Stocks Close Higher, Uncertainties Remain Wednesday, 12 Sep 2007 | 12:01 PM ET

    European stocks closed higher on Wednesday, but uncertainty about the strength of the global economy still lingered and a series of political surprises caught investors off guard.

  • ECB Lends Banks $104 Billion Wednesday, 12 Sep 2007 | 10:28 AM ET

    The European Central Bank lent commercial banks 75 billion euros ($104 billion) in three-month funds Wednesday, 25 billion euros more than in a previous operation last month, the bank said on its Web site.

  • IMF Warns of Slowing U.S. Economy Amid Subprime Crisis Wednesday, 12 Sep 2007 | 7:09 AM ET

    The U.S. economy will slow next year amid continued trouble in the housing market, likely leading to lower interest rates, a senior International Monetary Fund official said Wednesday.

  • Europe's Financial System Is Sound: Trichet Tuesday, 11 Sep 2007 | 12:33 PM ET

    European Central Bank President Jean-Claude Trichet said Europe's financial system is sound despite the current market correction, but more needs to be done to improve future financial stability.

  • SocGen Outlook Unchanged Despite Market Woes Monday, 10 Sep 2007 | 8:16 AM ET

    Societe Generale, France's second-biggest listed bank, said on Monday that its financial targets for 2007-2008 were unchanged despite experiencing difficult market conditions in August.

  • Euro-zone Rates Likely to Raise Further Friday, 7 Sep 2007 | 10:52 AM ET
    FILES - Picture taken 06 June 2007 shows a man walking past the European Central Bank (ECB) in Frankfurt/M. western Germany. The European Central Bank 14 August 2007 injected 7.7 billion euros (10.5 billion dollars) into the money market to calm liquidity fears in the wake of the crisis in the US home loan sector.

    Euro-zone interest rates have further to rise, European Central Bank Governing Council member Axel Weber said on Friday, although other policymakers stressed no move is imminent given uncertainty over the credit crunch.

  • The eurozone finance ministers' chairman said on Friday French President Nicolas Sarkozy was neither noble nor correct to claim some of the credit for the European Central Bank's decision to keep interest rates on hold.

  • EU ministers and national experts are due to approve a genetically modified (GMO) sugar beet variety this month despite a long running dispute over the use of biotechnology.

  • Europe Central Bank Holds Key Rate Steady Thursday, 6 Sep 2007 | 11:57 AM ET

    The European Central Bank kept its key monetary policy rate flat at 4% on Thursday due to persistent turbulence in the financial markets because of fears of a spillover of the U.S. subprime crisis.

  • Is the Euro-Zone Tightening Cycle Over? Thursday, 6 Sep 2007 | 6:46 AM ET

    Another rise in euro-zone interest rates looked assured last month, but the turmoil in the credit markets has brought pressure on European Central Bank President Jean-Claude Trichet to keep rates at 4%.

  • AXA Advisors Fined Over Needless Brokerage Fees Thursday, 6 Sep 2007 | 5:29 AM ET

    A U.S. regulator said on Wednesday it has fined AXA Advisors $1.2 million for steering customers into brokerage accounts that triggered needless fees, once causing a customer's assets in an account to fall to zero.

  • BoE Breaks Silence, Acts to Calm Money Markets Wednesday, 5 Sep 2007 | 10:32 AM ET

    The Bank of England broke its silence on Wednesday over the current storm engulfing world financial markets and took steps to bring overnight interest rates down.