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  • Inflation pressures in the euro zone rose to a seven-year high in August and remain in an upward trend, a report said on Friday.

  • The European Central Bank and the Bank of England held rates steady, with policymakers still gauging the full extent of the impact of the global liquidity squeeze.

  • Excessive foreign exchange volatility is potentially damaging to the global economy, European Central Bank President Jean-Claude Trichet said on Thursday.

  • ICAP, the world's biggest inter-dealer broker, said on Thursday it expected annual underlying profit to be at the upper end of analysts' forecasts, with recent market volatility helping to boost trading volumes.

  • The European Central Bank should leave interest rates on hold for now but consider cutting them if the economy worsens, Belgian Finance Minister Didier Reynders told a French newspaper in an interview published on Wednesday.

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    European stocks ended the third quarter lower, with banks taking the hit, but Federal Reserve rate cuts should help markets calm down in the fourth quarter and even finish the year on a positive note if no other major bad news emerge.

  • The credit market squeeze helped to drive growth in euro zone corporate borrowing to a record high in August, figures showed on Thursday, as some firms found that their usual funding channels had dried up.

  • Credit markets eased Wednesday, not from any big improvement in underlying conditions but because the U.S. Federal Reserve is expected to throw moral hazard concerns to the wind and cut rates again in October.

  • Credit market conditions tightened on Tuesday sending euro money market overnight rates to a three week high as worries about the economic cost of the credit crunch spooked lenders.

  • The asset manager of Belgian-Dutch financial group Fortis said on Tuesday it would buy a Tokyo-based asset managing firm wholly owned by Germany's Commerzbank to expand its operations in Japan.

  • German business sentiment fell to its lowest level in over 1-1/2 years in September, as turmoil on financial markets exacerbated concerns about an economy already affected by the strong euro and surging oil prices.

  • European stocks closed mixed under the weight of the impact of the global credit turmoil on the banking sector and with scattered good news from other sectors.

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  • Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    Troubled British mortgage lender Northern Rock has taken legal advice about whether to pay out a 59 million-pound (US$119 million) dividend to shareholders, the Financial Times said on Monday.

  • Customers line up to enter a Northern Rock branch in Bromley, in south-east London, 14 September 2007.

    Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock, according to a newspaper report on Sunday.

  • The European Central Bank needs to look at the impact of the high-flying euro when it meets next month and draw the appropriate lessons, French Finance Minister Christine Lagarde said on Friday.

  • Norwegian Petroleum and Energy Minister Odd Roger Enoksen has resigned, the prime minister's office said on Friday without naming his replacement.

  • The current financial turmoil will translate into banks' profits rising more slowly and fewer buybacks, while disclosure rules need to be tightened, Gordon Scott, managing director of financial institutions at Fitch Ratings, told "Squawk Box Europe."

  • The European Commission said on Tuesday it was monitoring events at British mortgage bank Northern Rock but it was too early to say whether guarantees pledged by the British government to worried depositors amounted to illegal state aid.

  • Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky U.S. mortgages that are set to knock a hole in profits, sources familiar with the matter told Reuters.