Oil prices rise at the end of trading, and record gains for the fifth week in a row, as the benchmark rose about 5% this week, supported by the supply cuts announced by the “OPEC +” alliance. Oil rises for the fifth week amid indications of tight supplies Oil prices rose at the end of … Read more
Barely insolvent, already sold: the Austrian furniture retailer Leiner Photo: imago/Alex Halada It’s never been like this before. The banking supervisors of the European Central Bank usually only check the transactions of the around 120 major banks in the euro area. For the first time, they are now examining a single customer – the Signa … Read more
“I dream of being able to hire more women who are experts in the economy,” says European Central Bank President Christine Lagarde, desiring to break the glass ceiling that still often slows down this gender, which is unfairly said to be weak, but it is “a source of enrichment for the economy.” She is the … Read more
Emphasis continues as long as needed The final stages of the ECB’s interest rate hike are the focus, with core inflation subdued and underlying price pressures stubbornly increasing. Most economic analysts expect central bank officials to temporarily stop raising interest rates after next month’s meeting after the deposit rate reaches 3.75%, although money markets expect … Read more
Efforts to Curb Inflation in Europe In recent news, concerns about rising inflation in Europe have prompted efforts to curb its impact on the economy. The European Central Bank (ECB) and various financial institutions are taking measures to address this issue and maintain stability. Isabel Schnabel, a member of the ECB’s governing board, has warned … Read more
EFinally the Austrian Raiffeisenbank International (RBI) is going on the offensive. The pressure from the public and the shareholders, which was built up primarily by Ukraine and most recently also by the European Central Bank, was too strong. The bank may part with its business in Russia. Now RBI boss Johann Strobl gave in to … Read more
The global financial markets have been gripped by fear as the escalating COVID-19 pandemic threatens to send the world economy into a deep recession. The eurozone has not been spared, and investors have become increasingly concerned about the stability of its banking sector. Despite the recent plunge in bank shares, EU leaders have been quick … Read more
Shares in Deutsche Bank, Germany’s largest, closed sharply lower Friday, amounting to 8.5%, as the high cost of insuring against default risks raised concerns about the resilience of European banks. The stock closed at a loss of 8.53%, settling at 8.54 euros, after losing as much as 14% during the day, in the third consecutive … Read more
The European Central Bank (ECB) is reportedly gearing up to increase interest rates in the near future, despite significant turbulence in the banking sector. Recent months have seen several major banks struggling with financial difficulties, with some even facing collapse, prompting concerns about the stability of the financial system. As a result, the ECB’s potential … Read more
The inflation target is ambitious Fed officials said they are keeping a close eye on key economic indicators, but investors should expect the numbers to remain mixed even with lower inflation, according to Chris Harvey, head of equity strategy at Wells Fargo. “We’re in a good position that the economy hasn’t cracked,” he said on … Read more