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The European Central Bank left interest rates unchanged, with poor fourth-quarter growth data and declining business confidence heightening worries about the strength of the economy.
Stocks slumped worldwide after terrorists set off four explosions that rocked London's subway and bus system and killed at least 33 people. The British pound hit a fresh 19-month low.
The European Central Bank kept its key interest rate unchanged at 2 percent, despite worries about growth and the unsettling news of terrorist attacks on the London transport network.
Inflation in the 12 countries using the euro fell slightly for a second month to 2.4 percent in November, the EU statistical agency Eurostat said in its first estimate released Wednesday.
FRANKFURT, Germany: The European Central Bank is poised to adjust the euro zone's interest rate Thursday for the first time in more than two years, likely voting for an increase to head off what it said were fears of inflation down the road.
LONDON: European shares advanced to a 2005 high Thursday after the first interest-rate hike on the Continent in five years, as markets interpreted comments from European Central Bank Jean-Claude Trichet to mean that there would only be a limited number of subsequent rate hikes and as energy sector and MA moves offered support.
ROME: Italy has named outsider Mario Draghi as the central bank's new governor, moving swiftly to contain the fallout from a banking scandal that caused his predecessor's resignation.
Wall Street is struggling to gain traction in the face of bond market jitters, leaving the short-term outlook murky for stocks, analysts say.
Expectations that the European Central Bank (ECB) would raise interest rates in the coming months pushed the euro to a record against the yen and a seven-month high versus the dollar during intra-day trading on Thursday.
LEADER Universal Holdings Bhd's adoption of a new business model five years ago has enhanced the competitive edge of the group in the overseas market, said managing director Sean H'ng Chun Hsiang.