With Russia's emergency rate hike failing to arrest the ruble's meltdown, authorities may soon be forced to roll out capital controls, say analysts.» Read More
Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy. Federal Reserve— as well as the Bank of England and the Bank of Japan. Europe could definitely use a push.
PARIS, Dec 5- Credit Agricole Chairman Jean-Marie Sander was removed this week from the board of a set of mutually-owned regional banks, a spokesman said on Friday, an indication he has lost the support of a grouping that is its main shareholder. The regional mutual banks voted not to reappoint Sander as the deputy chairman of the Federation Nationale du Credit...
SHANGHAI/ HONG KONG, Dec 4- Chinese brokerage Haitong Securities Ltd is in talks to buy Portuguese bank Banco Espirito Santo's investment banking unit as Chinese finance firms snap up more overseas assets to try to offset slowing growth at home. A purchase of the bailed-out Portuguese lender's unit would be Haitong's first acquisition outside China and Hong...
French President Francois Hollande suggested he will not stand for re-election if the country's unemployment rate remains high.
European shares closed mixed on Thursday, after ECB President Mario Draghi hinted as to the possibility of further aggressive stimulus measures.
Societe Generale highlights results in a "difficult environment" while rival Credit Agricole criticizes "lack of coherence."
Europe shares ended the day higher after the Bank of England outlined tougher leverage rules for banks and the Bank of Japan upped stimulus measures.
Exports are regarded as the bright spot in China's slowing economy, but growing evidence suggests firms are "over-invoicing" outbound shipments.
China's third quarter gross domestic product report delivered an upside surprise, helping calm investor nerves over the faltering global recovery.
Market volatility may look scary and safe-haven Treasurys may be rallying, but investors shouldn't chase them higher, analysts said.
The U.S. dollar's bull run has been a headwind for Asian currencies in recent months, but one outlier is swimming against the tide: the Chinese yuan.
Chinese stocks wavered between gains and losses on Wednesday, the first trading session after a week-long holiday closure.
The dollar's three-month rally took a breather on Monday on nervousness over Beijing's response to democracy protests in Hong Kong.
Sweden's crown fell to a two-month low against the euro after the country elected a minority government.
China's economy is set to suffer a further slowdown in 2015 as rebalancing pains become more acute.
The European Central Bank (ECB) is back in "whatever it takes" mode to stimulate the sputtering economy and Asian markets are set to benefit.
European Central Bank (ECB) chief Mario Draghi appears to be implementing his own three-pronged plan to rescue the euro zone economy.
The ECB meeting on Thursday is the prime event for markets seeking clarity on the bank's response to recovery, inflation and the sluggish pace of reform.
A downturn in China's once red-hot property market poses one of the greatest threats to the world's second biggest economy.
The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.