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LONDON: The dollar hit its lowest in two and a half years in early London trading on Monday while riskier currencies dipped slightly as the global equities rally paused for breath.
NEW YORK: Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall Street and Treasury yields fell, indicating lingering concerns over rising coronavirus cases globally.
The economy is still too fragile to expect anything
ROME: The European Central Bank (ECB) should consider wiping out or holding forever the government debt it buys during the current crisis to help nations recover and restructure, a top Italian government official said.
FRANKFURT, Nov. 25 (Xinhua) -- The profitability of euro area banks is unlikely to recover to pre-pandemic levels before 2022, the European Central Bank (ECB) said in its latest Financial Stability Review report published on Wednesday.
RIGA: There’s a shift taking place in the low-debt economies that joined the European Union after the collapse of the Berlin Wall.