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• ECB unveils major measures to boost market liquidity

  - 2008-10-15

  FRANKFURT AFP — The European Central Bank ECB moved Wednesday to make it easier and cheaper for eurozone banks to borrow dollars and Swiss francs, announcing procedural changes that one analyst called "huge." The measures aimed to reduce the costs of borrowing for three and six months that serve...

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• ECB chief tells financial markets: 'collect yourselves'

  - 2008-10-08

  PARIS AFP — European Central Bank Chief Jean-Claude Trichet urged financial markets to "collect" themselves Wednesday after Wall Street and European stock exchanges tumbled again despite coordinated central bank cut rates. "Collect yourselves," Trichet said on France 3 television. "Excessive pessimism is ill advised." "We all together call...

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• Euro falls to 13-month low against dollar on Trichet inflation comment

  - 2008-10-02

  LONDON AFP — The euro fell to a 13-month low against the dollar Thursday after European Central Bank head Jean-Claude Trichet voiced concern about eurozone growth and said inflationary pressures were easing. The single European currency fell to 1.3748 dollars, its lowest level since September 7, 2007, from 1.4009...

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• ECB renews one-day loans of 50 billion dollars

  - 2008-10-01

  FRANKFURT AFP — The European Central Bank ECB has renewed one-day loans of 50 billion dollars (35 billion euros), in what has become a regular effort to keep cash flowing on distressed interbank money markets. The results of the offer, including demand and the rate at which the dollars...

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• Trichet calls for vigilance on credit risks, welcomes US bailout plan

  - 2008-09-08

  BASEL, Switzerland AFP — Central banks must be on alert for risks from the global credit crisis and the US government bailout of ailing US mortgage giants Fannie Mae and Freddie Mac is welcome in this regard, the Group of 10 said on Monday. At the same time, they...

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• Euro stuck at six-month lows against dollar

  - 2008-08-11

  TOKYO AFP — The euro languished at six-month lows against the dollar in Asian trade on Tuesday as traders continued to focus on the deteriorating health of the eurozone economies, dealers said. Falling oil prices also helped prop up the greenback, they said. The euro was at 1.4898...

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• Euro plunges against dollar after Trichet comments

  - 2008-08-07

  LONDON AFP — The euro tumbled under 1.54 dollars on Thursday after European Central Bank president Jean-Claude Trichet said that "downside risks prevail" in the 15-nation eurozone economy. The European single currency dived as low as 1.5396 dollars in mid-afternoon trading, which compared with 1.5502 shortly before the Trichet...

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• German investor confidence hits record low in July: ZEW

  - 2008-07-15

  FRANKFURT AFP — German investor confidence plunged to a record low point in July, falling below economists' forecasts as high oil prices and a rising euro hit Europe's biggest economy, a widely watched survey showed on Tuesday. The ZEW research institute said its indicator of economic sentiment fell 11.5...

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• European stocks edge down as investors await US jobs data

  - 2003-12-05

  LONDON AFP ? European stock markets saw modest losses in morning trade, as the effect of a mild rally overnight in New York proved insufficient to shake off investor caution. The British FTSE 100 index fell 0.25 percent to 4,367.1 points, the German DAX 30 index lost 0.51 percent...

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