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Crude edges over US$142 a barrel

Business | Energy
2008-6-30

CRUDE oil rose above US$142 a barrel for the first time as falling stock markets spurred investment in commodities. Oil has climbed 46 percent this year as the US dollar declined against the euro and the MSCI World...

Trichet pushes high interest as hedge against Europe inflation

Business | Banking
2008-3-27

EUROPEAN Central Bank President Jean-Claude Trichet believes interest rates at a six-year high will help curb inflation in the 15 nations sharing the euro, suggesting he sees no immediate need to cut borrowing costs. ...

Another European bank cuts interest

Business | Banking
2008-1-17

ABN AMRO Bank NV cut its forecast for European Central Bank interest rates, the third bank to do so since last week's threat by ECB President Jean-Claude Trichet to raise borrowing costs. ABN Amro said the Frankfurt-based...

Slump sees shares with cheapest values

Business | Securities
2008-1-3

THE steepest yearend slump in global stocks since 2000 left equities with the cheapest valuations in more than 30 years as inflation accelerated and the United States economy showed signs of slowing. AT&T Inc and...

Sanyo shares tumble after delist threat

Business | Home appliance
2007-12-27

SANYO Electric Co, the Japanese electronics maker that is restating six years of earnings, fell the most in 10 months in Tokyo trading after the country's main stock exchange said the shares may be delisted. Sanyo...

ECB at odds with staff over inflation risk

Business | Macro-economy and policy
2007-12-11

EUROPEAN Central Bank Executive Board member Juergen Stark says policy makers disagree with their own staff's forecasts that inflation will slow to below the bank's two-percent limit in 2009. "We in the governing...

ECB Calms Market Jitters

Business | Banking
2007-12-1

THE European Central Bank took additional steps to calm money markets yesterday after the cost of borrowing in euros for a month rose to a six-year high. The ECB will extend the maturity of its regular refinancing...

Huijin will help manage currency reserves

Business | Foreign investment
2007-3-5

CHINA will use government-owned Central Huijin Investment Co, which holds stakes in banks, to help manage the nation's US$1 trillion of foreign currency reserves, the central bank's vice governor said. Wu Xiaoling...

EU holds interest rates

Business | Banking
2004-6-4

THE European Central Bank kept interest rates unchanged at 2 percent yesterday for a 12th straight month, sticking to its watch-and-wait stance as it sizes up uncertain prospects for growth and the impact of higher oil prices on the economy.

EU powerhouses report vigorous growth in Q1

Business | Macro-economy and policy
2004-5-14

GERMANY, France and Italy, the three largest economies in the 12-nation euro region, reported accelerating growth in the first quarter, easing pressure on the European Central Bank (ECB) to lower interest rates.