CNBC's Michelle Caruso-Cabrera talks with Yanis Varoufakis, new Greek Finance Minister about his country's plan to find agreement with the ECB and its European partners to pay back its debt.» Read More
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.
A quick, decisive, Fed-led program of dollar purchasing would stabilize the currency and re-set levels for the 40-plus nations pegged against it. It would bring oil prices down by an estimated 20 to 30 percent.
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.
This is not a time to get stressed about losing money – but to refocus on who is still generating sustainable earnings.
An intervention to prop up the U.S. dollar is very likely if the greenback's slide continues, as U.S. policymakers' attitude towards a weak currency has shifted dramatically over the past year, a forex strategist tells CNBC Europe.
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.
Will ECB Chief Trichet ruin your July 4th vacation along with the global economy and hike rates Thursday?
Stocks moved lower midday as oil and heating oil moved up. The dollar was also weaker, as the ECB is set to raise rates tomorrow. The key event today was the weakness in leadership groups. Today coal and energy stocks were notably weaker on no real news.
When European Central Bank President Jean Claude-Trichet announces his decision tomorrow on interest rates, investors will be paying far more attention to what he says than what he does.
U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown.
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.
Is an ECB rate hike all but a done deal?
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.