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Pakistan`s Central Bank Governor resigns

Last Updated: Friday, January 31, 2014, 13:52

Pakistan`s Central Bank Governor Yaseen Anwar has resigned, ahead of a crucial IMF review into a USD 6.7 billion bailout loan to the cash-strapped country.

ECB sees tentative signs of recovery for euro banks

Last Updated: Thursday, January 30, 2014, 16:06

Europe`s battered financial sector is showing tentative signs of healing, even if it is still too early to sound the all-clear, a key ECB survey showed on Thursday.

Global stock selling pauses ahead of central bank meetings

Last Updated: Wednesday, January 29, 2014, 00:48

Investors have been shaken this week as jitters about the withdrawal of U.S. monetary stimulus and slowing Chinese growth have amplified country-specific political turmoil, from Turkey to Thailand to Argentina.

Growth in Europe remains fragile, says ECB chief Draghi

Last Updated: Saturday, January 25, 2014, 18:47

With economic growth remaining fragile, European countries cannot afford to relax their efforts towards implementing structural reforms, according to ECB chief Mario Draghi.

Eurozone current account surplus grows: ECB

Last Updated: Thursday, January 23, 2014, 17:03

The eurozone`s current account surplus grew to 23.5 billion euros (USD 32 billion) in November from 22.2 billion euros in October, European Central Bank data showed on Thursday.

China central bank soothes markets with telegraphed cash injections

Last Updated: Tuesday, January 21, 2014, 10:05

China`s money market rates fell sharply on Tuesday after the central bank dumped more than 255 billion yuan into the financial system, easing concerns another credit crunch was underway less than a month after a late December squeeze.

Bernanke: Fed well-prepared for stimulus fallout

Last Updated: Friday, January 17, 2014, 02:17

Outgoing Federal Reserve Chairman Ben Bernanke said Thursday that the US central bank is well-prepared to handle any risks from its stimulus, such as higher inflation and asset bubbles.

EU Parliament approves Germany`s Lautenschlaeger for ECB seat

Last Updated: Thursday, January 16, 2014, 18:48

The European Parliament approved on Thursday the nomination of Germany`s Sabine Lautenschlaeger to the currently all-male executive board of the European Central Bank.

Spanish bank debt to ECB hits new low

Last Updated: Tuesday, January 14, 2014, 18:34

Spanish banks` debt to the European Central Bank plunged further in December, data showed Friday, a sign of healthier credit conditions for the bailed-out sector.

ECB reveals new 10-euro notes featuring mythical god Europa

Last Updated: Monday, January 13, 2014, 18:05

The European Central Bank revealed on Monday the new 10-euro banknotes including a portrait of the Greek mythological figure of Europa that will come into circulation from late September.

Obama to nominate Stanley Fischer as Fed vice chair

Last Updated: Friday, January 10, 2014, 22:09

President Barack Obama on Friday nominated former Israeli central bank governor and renowned financier Stanley Fischer as vice chair of the Federal Reserve, completing a shakeup of the board`s leadership.

Uncertainty remains over health of European banks: IMF's Lagarde

Last Updated: Friday, January 10, 2014, 05:49

International Monetary Fund Managing Director Christine Lagarde said Thursday that questions marks remain over the health of Europe`s banks and that coming stress tests are a chance to build confidence in them.