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Business 11 Mar 2013 | 12:00 AM

ECB, IFSB conducting study on Islamic finance

DUBAI: The European Central Bank and the Malaysia-based Islamic Financial Services Board (IFSB) are conducting a joint study on policies affecting Islamic finance in Europe, the IFSB's top official told Reuters.

Business 21 Mar 2013 | 12:00 AM

ECB sets Monday deadline for Cyprus bailout deal

FRANKFURT: The European Central Bank set Cyprus a Monday deadline to agree a bailout plan, threatening to cut off funding to the islands' cash-strapped banks if a programme is not agreed by then with the EU and the IMF.

Business 28 Dec 2016 | 12:00 AM

ECB: Monte Paschi needs US$9.2bil capital boost

MILAN: The European Central Bank (ECB) sees Italian lender Banca Monte dei Paschi di Siena SpA needing about 8.8 billion euros (US$9.2bil) of capital to bolster its balance sheet.

Business 06 Dec 2012 | 12:00 AM

ECB set to cut economic forecasts, but not rates

FRANKFURT: The European Central Bank is likely to keep interest rates on hold on Thursday but may offer clues on its policy path for next year with updated forecasts likely to present a grim outlook for the euro zone economy in 2013.

Business 30 Dec 2016 | 12:00 AM

Italy's Padoan raps ECB for Paschi recapitalisation demand

ROME: Italy Finance Minister Pier Carlo Padoan (pic) criticised the European Central Bank (ECB) for not being clear enough in its request for Banca Monte dei Paschi di Siena SpA to boost its capital by almost twice the amount the lender failed to raise on the market.

Business 28 Jun 2016 | 12:00 AM

Clearing may be early test for London

LONDON: A battle George Osborne (pic) won last year against the European Central Bank (ECB) may have to be re-fought, showing one of the many ways UK leaders could be forced to defend London’s position as a leading financial centre

Business 01 Dec 2015 | 12:00 AM

Eurozone seen needing more stimulus

European Central Bank set to do more pump priming

Business 05 Feb 2016 | 12:00 AM

Draghi: Weak global inflation no reason for ECB inaction

FRANKFURT: Mario Draghi said the fact that inflation is weak globally won’t stop the European Central Bank (ECB) from adding stimulus for the eurozone if needed.

Business 14 Jan 2016 | 12:00 AM

Govts seen to assist ECB

MADRID: Mario Draghi may soon find that when it comes to supporting the eurozone, the European Central Bank (ECB) is no longer acting alone.

Business 28 Mar 2014 | 12:00 AM

Bayside plans to raise US$500mil property fund

LONDON: An HIG Capital LLC affiliate plans to start raising a Europe-dedicated real estate fund this year as banks sell assets ahead of European Central Bank stress tests.