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Nearly 40 central banks have increased their exposure to the euro in the past two years, mainly at the expense of the US dollar, according to a survey of 65 central banks released yesterday.
THE Malaysian Government is striving to reduce its budget deficit and achieve a balanced budget. This sounds good. A balanced budget would ensure a strong public sector financial position, more confidence in the economy, a stable currency and a stable economy.
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.
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.
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.
Opener Nathan Astle struck an unbeaten115 to guide New Zealand to a six-wicket victory over India in the final of a one-day international triangular series at Harare Sports Club on Tuesday.
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 (Reuters) - Finance ministers from the world's richest nations headed for London on Friday to discuss free trade and the world economy as well as say farewell to Alan Greenspan, who soon bows out after 18 years as U.S. central bank chief.
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.