Central banks http://www.globalpost.com/taxonomy/term/23587/all en GLOBAL MARKETS-Shares, oil dip, but growth prospects limit falls http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-shares-oil-dip-growth-prospects-limit-falls <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* World stocks ease 0.15 pct as new year rally fades</p> <p>* Bank stocks outperform on milder liquidity rules</p> <p>* Dollar pulls back from 2-1/2-year high versus yen</p> <p>* Brent crude dips below $111 a barrel</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 7 (Reuters) - World stocks and oil prices eased<br /> on Monday ending a new year rally as some investors chose to<br /> book profits, but signs of a brightening global economic growth<br /> outlook limited the falls.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/global-markets-shares-oil-dip-growth-prospects-limit-falls" target="_blank">read more</a></p> Business Central banks Company Location Deflation Economics Economy of the European Union Entertainment Euro Gold as an investment Inflation Investment Labor Late-2000s recession in Europe Law Macroeconomics oil Person Career Person Location Quantitative easing Quotation STOXX Thomson Reuters Mon, 07 Jan 2013 14:09:40 +0000 Thomson Reuters 5731344 at http://www.globalpost.com Looser bank buffer rules no panacea for Europe woes http://www.globalpost.com/dispatch/news/thomson-reuters/130107/looser-bank-buffer-rules-no-panacea-europe-woes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Basel agreement seen giving banks more capacity to lend</p> <p>* But weak economy weighs on credit demand</p> <p>* Uncertain outlook also means banks nervous about lending</p> <p>* Rules changes may have bigger impact in U.S. than Europe</p> <p>By Paul Carrel and Marc Jones</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/looser-bank-buffer-rules-no-panacea-europe-woes" target="_blank">read more</a></p> Asset-backed security Bank Business Central banks Economics Entertainment European Central Bank Finance Financial economics Fixed income securities Labor Late-2000s financial crisis Law Person Career Quotation Securitization Structured finance United States housing bubble Thomson Reuters Mon, 07 Jan 2013 17:21:45 +0000 Thomson Reuters 5731375 at http://www.globalpost.com UPDATE 2-ECB holds rates as economy shows glimmers of hope http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-ecb-holds-rates-economy-shows-glimmers-hope <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* ECB holds rates at 0.75 pct, as expected</p> <p>* Draghi news conference 1330 GMT</p> <p>* Focus on economic outlook, bank lending, Ireland</p> <p>By Sakari Suoninen and Eva Kuehnen</p> <p>FRANKFURT, Jan 10 (Reuters) - The European Central Bank held interest rates at a record low of 0.75 percent on Thursday, refraining from a cut following fledgling signs of life in the euro zone economy and with inflation still above target.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-ecb-holds-rates-economy-shows-glimmers-hope" target="_blank">read more</a></p> Central banks Economy of the European Union European Central Bank European Union Thomson Reuters Thu, 10 Jan 2013 09:00:08 +0000 Thomson Reuters 5732521 at http://www.globalpost.com ECB holds rates to assess growth, inflation risks http://www.globalpost.com/dispatch/news/thomson-reuters/130110/ecb-holds-rates-assess-growth-inflation-risks <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>FRANKFURT, Jan 10 (Reuters) - The European Central Bank held its main interest rate at a record low of 0.75 percent on Thursday, putting off further policy easing while it assesses the economic outlook and waits for a bailout trigger to use its new bond-purchase programme.</p> <p>The ECB wants to transmit its low interest rates to all corners of the euro zone - where market interest rates vary greatly - and aims to do so by pushing down sovereign bond yields with its new bond-buy programme.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/ecb-holds-rates-assess-growth-inflation-risks" target="_blank">read more</a></p> Central banks Economy of the European Union European Central Bank European Union Thomson Reuters Thu, 10 Jan 2013 14:47:11 +0000 Thomson Reuters 5732625 at http://www.globalpost.com UPDATE 1-German econmin calls for ECB to return to core mandate http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-1-german-econmin-calls-ecb-return-core-mandate <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* German econmin says it's crucial ECB returns to mandate quickly</p> <p>* ECB declines to comment</p> <p>* Econmin says Germany does not believe in debt-financed stimulus</p> <p>* Econmin faces crucial election in home state at weekend (Adds details, background)</p> <p>BERLIN, Jan 16 (Reuters) - Germany's economy ministry urged the European Central Bank on Wednesday to get back to its price stability mandate as soon as possible after its extraordinary support measures to tackle the euro zone's troubles.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-1-german-econmin-calls-ecb-return-core-mandate" target="_blank">read more</a></p> Central banks Europe European Central Bank European Union Politics Thomson Reuters Wed, 16 Jan 2013 19:29:51 +0000 Thomson Reuters 5735204 at http://www.globalpost.com GLOBAL MARKETS-Shares hit 20-month high as Japan promises open-ended easing http://www.globalpost.com/dispatch/news/thomson-reuters/130122/global-markets-shares-hit-20-month-high-japan-promises-open-e-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* BOJ makes open-ended commitment to buy assets from 2014 * MSCI world share index hits new 20-month high * Yen falls briefly after BOJ but then reverses course * Oil and gold edge higher * European shares hit by German bank concerns By Marc Jones LONDON, Jan 22 (Reuters) - World shares hit a new 20-month high on Tuesday after Japan launched it boldest attempt yet to lift its stagnant economy, though the gains were cropped by a flare-up of concerns about Germany's banks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/global-markets-shares-hit-20-month-high-japan-promises-open-e-0" target="_blank">read more</a></p> Central banks Economics Inflation Politics Thomson Reuters Tue, 22 Jan 2013 14:15:29 +0000 Thomson Reuters 5737746 at http://www.globalpost.com INTERVIEW-BIS chief says too much pressure on central banks for growth http://www.globalpost.com/dispatch/news/thomson-reuters/130124/interview-bis-chief-says-too-much-pressure-central-banks-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Axel Threlfall and Paul Taylor</p> <p>DAVOS, Switzerland, Jan 24 (Reuters) - Central banks are coming under too much pressure from politicians to act to promote growth and weaken currencies, the head of the world's central banking forum said on Thursday.</p> <p>Jaime Caruana, general manager of the Bank for International Settlements, also said in a Reuters Insider television interview that the world was reaching the point where the damage from central banks' printing money could outweigh the benefits.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/interview-bis-chief-says-too-much-pressure-central-banks-growth" target="_blank">read more</a></p> Central banks Economics Macroeconomics Paul Taylor Thomson Reuters Thu, 24 Jan 2013 16:36:47 +0000 Thomson Reuters 5738850 at http://www.globalpost.com GLOBAL MARKETS-Disappointing U.S. data hits shares, helps euro http://www.globalpost.com/dispatch/news/thomson-reuters/130130/global-markets-euro-surges-14-mnth-high-fed-decision-awaited <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Euro hits 14-month high driven by confidence, ECB repayments * World shares at 21-month high, U.S. GDP miss adds downward pressure * Fed's statement awaited for clues on asset-buying programme By Marc Jones LONDON, Jan 30 (Reuters) - A surprise contraction in the U.S. economy in the fourth quarter hit shares on Wednesday and also helped keep the euro close to a 14-month high.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130130/global-markets-euro-surges-14-mnth-high-fed-decision-awaited" target="_blank">read more</a></p> Business Central banks Economics European Central Bank European Union Thomson Reuters Wed, 30 Jan 2013 09:00:23 +0000 Thomson Reuters 5741407 at http://www.globalpost.com URGENT ¥¥¥ ECB says banks to repay 3.48 bn euros in ultra-cheap loans http://www.globalpost.com/dispatch/news/afp/130201/urgent-ecb-says-banks-repay-348-bn-euros-ultra-cheap-loans <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Central Bank said Friday that 27 eurozone banks will repay early 3.48 billion euros ($4.7 billion) of ultra-cheap three-year loans next week.</p> <p>Under emergency liquidity measures, known as long-term refinancing operations or LTROs, made available to banks in December 2011, the ECB gave banks the option of repaying any part of the money after just one year. Already this week 278 banks repaid 137.16 billion euros of the LTROs.</p> <p>spm/wai</p> Central banks Economy of the European Union EUR European Central Bank European Union AFP Fri, 01 Feb 2013 11:45:36 +0000 Agence France-Presse 5742846 at http://www.globalpost.com ECB says banks to repay 3.48 bn euros in ultra-cheap loans http://www.globalpost.com/dispatch/news/afp/130201/ecb-says-banks-repay-348-bn-euros-ultra-cheap-loans <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Central Bank said Friday that 27 eurozone banks will repay early 3.48 billion euros ($4.7 billion) of ultra-cheap three-year loans next week.</p> <p>Under emergency liquidity measures, known as long-term refinancing operations or LTROs, made available to banks in December 2011, the ECB gave banks the option of repaying any part of the money after just one year.</p> <p>Already this week 278 banks repaid 137.16 billion euros of the LTROs.</p> <p>The LTROs -- with a total volume of just over 1.0 trillion euros -- were launched in two batches, in December 2011 and February 2012.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/ecb-says-banks-repay-348-bn-euros-ultra-cheap-loans" target="_blank">read more</a></p> Central banks European Central Bank European Union AFP Fri, 01 Feb 2013 12:00:30 +0000 Agence France-Presse 5742867 at http://www.globalpost.com ECB to hold rates steady amid market calm http://www.globalpost.com/dispatch/news/afp/130203/ecb-hold-rates-steady-amid-market-calm <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Central Bank is set to keep interest rates on hold next week as it takes stock of the newfound calm on the financial markets, analysts predict.</p> <p>"The continued improvement in financial market conditions and surveys of economic activity has taken some of the pressure off the ECB this month," said Capital Economics economist Jennifer McKeown.</p> <p>"We expect the bank to strike a relatively hawkish tone after its forthcoming meeting, stating that no further policies are needed at present," she said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130203/ecb-hold-rates-steady-amid-market-calm" target="_blank">read more</a></p> Central banks Economy of the European Union European Central Bank European Union AFP Sun, 03 Feb 2013 07:17:53 +0000 Agence France-Presse 5744331 at http://www.globalpost.com Euro rally fizzles in Asian trade http://www.globalpost.com/dispatch/news/afp/130203/euro-rally-fizzles-asian-trade <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The euro's rally to multi-year highs came to a halt in Asian trade on Monday ahead of a European Central Bank (ECB) policy meeting and after France's finance minister said the unit may be overheating.</p> <p>The single currency weakened to $1.3624 and 126.33 yen from $1.3637 and 126.60 yen in New York trading Friday.</p> <p>The dollar was down at 92.68 yen against 92.80 yen in US trade.</p> <p>On Sunday, French Finance Minister Pierre Moscovici said the euro was possibly too strong, the second high-profile European official to publicly raise concerns about the unit's recent rise.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130203/euro-rally-fizzles-asian-trade" target="_blank">read more</a></p> Central banks Economics Macroeconomics AFP Mon, 04 Feb 2013 04:30:43 +0000 Agence France-Presse 5744980 at http://www.globalpost.com Germany passes laws to shore up banking system http://www.globalpost.com/dispatch/news/afp/130206/germany-passes-laws-shore-banking-system <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The German cabinet approved Wednesday a raft of tougher new banking rules to shore up the financial sector against future crises and make banks and insurers shoulder more of the responsibility should they go bust.</p> <p>In draft legislation which must now be passed by parliament, the government wants large banks to separate their different areas of activity in order to protect customers' deposits from riskier areas of banks' operations.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/germany-passes-laws-shore-banking-system" target="_blank">read more</a></p> Central banks Investment Primary dealers AFP Wed, 06 Feb 2013 11:46:58 +0000 Agence France-Presse 5747395 at http://www.globalpost.com Germany gets tough on risky banking http://www.globalpost.com/dispatch/news/afp/130206/germany-gets-tough-risky-banking <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The German government unveiled Wednesday tougher new banking rules which it hopes will help prevent financial crises in the future and make the banks themselves bear more of the responsibility.</p> <p>"We know that the exaggerated de-regulation (of the financial markets in the past) was a mistake," Finance Minister Wolfgang Schaeuble told a news conference to present new banking legislation, which must now be passed by parliament.</p> <p>"We allowed ourselves to be dazzled by technical innovation, new financial products and breathless developments on the financial markets," he said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130206/germany-gets-tough-risky-banking" target="_blank">read more</a></p> Bank Central banks Frankfurt Technology AFP Wed, 06 Feb 2013 12:45:54 +0000 Agence France-Presse 5747486 at http://www.globalpost.com GLOBAL MARKETS-Shares steady, euro firm as Draghi's views awaited http://www.globalpost.com/dispatch/news/thomson-reuters/130207/global-markets-shares-euro-pause-ahead-ecb-decision <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Euro steady after ECB hold rates, as expected</p> <p>* Draghi comments seen key to sentiment</p> <p>* European shares , U.S. stocks seen higher</p> <p>* Brent crude near $118, gold steady at $1,680</p> <p>By Richard Hubbard</p> <p>London, Feb 7 (Reuters) - The euro and shares were little changed on Thursday after the European Central Bank left rates steady at its monthly policy meeting as investors awaited president Mario Draghi's views on the region's growth outlook.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/global-markets-shares-euro-pause-ahead-ecb-decision" target="_blank">read more</a></p> Central banks Economy of Europe Economy of the European Union European Central Bank European Central Bank European Union Thomson Reuters Thu, 07 Feb 2013 09:30:43 +0000 Thomson Reuters 5748574 at http://www.globalpost.com