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ECB 'ready to act' on strong euro: board member

Jean-Philippe Lacour, Agence France-Presse
Posted at Sep 16 09:54 PM

The European Central Bank is "ready to act" to rein in the euro as it rises against the dollar, a member of the ECB's executive board told AFP. Read more »

ECB tells banks not to pay dividends until Jan 2021 over virus crisis

Agence France-Presse
Posted at Jul 28 04:29 PM

The European Central Bank on Tuesday urged banks to refrain from paying dividends or offering bonuses until January 1, 2021, in order to ensure lenders have sufficient buffers to survive the economic storm unleashed by the coronavirus crisis. Read more »

Euro boosted as huge EU stimulus plan propels global stocks

John Biers, Agence France-Presse
Posted at Jul 22 08:42 AM

Global stock markets mostly rose Tuesday along with the euro as EU leaders clinched an agreement on what they boasted was a historic rescue plan. Read more »

Euro zone set for deeper recession, less steep rebound: European Commission

ABS-CBN News
Updated as of Jul 07 05:55 PM

The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most due to the COVID-19 pandemic. Read more »

Manila Bulletin on reported sale: 'Completely untrue'

ABS-CBN News
Updated as of Feb 12 12:59 PM

Manila Bulletin Publishing Corp on Wednesday denied rumors that the heirs of late Emilio Yap were considering the sale of some company assets. Read more »

Asian stocks hold ground as China virus fears persist

Tomo Uetake, Reuters
Posted at Jan 24 12:19 PM

Markets had steadied overnight, as investors took some solace from the World Health Organization labelling the outbreak an emergency for China, where 25 people have died and at least 800 have been infected, but not, as yet, for the rest of the world. Read more »

Philippines raises 1.2 billion euros from bond sale

ABS-CBN News
Updated as of Jan 22 11:10 AM

Manila issued 9-year bonds at the lowest-ever coupon or interest and 3-year euro bonds at an unprecedented zero coupon, Finance Secretary Carlos Dominguez said in a statement. Read more »

IMF cuts euro zone growth forecasts, as Germany slows and Italy stalls

Reuters
Posted at Nov 06 10:52 PM

Euro zone economic growth is set to slow more than expected as the bloc's manufacturing crisis could spill over to the larger services sector under protracted global trade tensions, the International Monetary Fund said on Wednesday.   Read more »

ECB cuts key rate, to restart bond purchases

Reuters
Posted at Sep 12 08:32 PM

The European Central Bank approved a fresh stimulus package as expected on Thursday, cutting interest rates and approving a new round of bond purchases to prop up eurozone growth and halt a worrisome drop in inflation expectations. Read more »

Facebook's Libra currency 'could undermine ECB': official

Agence France-Presse
Posted at Sep 02 09:32 PM

Central bankers, politicians and regulators around the world are mistrustful of the private digital cash scheme set to launch in the first half of 2020. Read more »

Pound set for longest losing streak vs euro as Brexit plan disintegrates

Abhinav Ramnarayan and Saikat Chatterjee, Reuters
Posted at May 22 08:11 PM

Sterling fell broadly on Wednesday and was on track for its longest ever losing streak against the euro as Prime Minister Theresa May's last-ditch Brexit plan failed to win over either opposition lawmakers or many in her own party. Read more »

PH raises P19-B from second issuance of panda bonds

ABS-CBN News
Posted at May 15 10:54 PM

The BTr said it sold 2.5 billion renminbi (P19 billion) worth of bonds with a tenor of three years.    Read more »

Philippines raises 750 million euros from bond sale

ABS-CBN News
Posted at May 10 12:09 PM

The offer was upsized from 500 million euros after demand peaked at 3 billion euros. The bonds have a 0.875 percent coupon, De Leon said. Read more »

Pinoy, 17, kampeon sa Euro Pop Contest

ABS-CBN News
Posted at Dec 11 10:48 PM

Itinanghal na over-all champion sa Euro Pop Contest sa Berlin, Germany ang 17 anyos na Pinoy na si Jay Kent.  Read more »

Dollar dips, stocks slip on Trump remarks

Swati Pandey, Reuters
Posted at Jul 23 09:37 AM

The dollar declined on Monday against major currencies to its lowest in more than two weeks after US President Donald Trump criticized the Federal Reserve's tightening policy, while stocks slipped on fears of further trade protectionist measures. Read more »

EU leaders to deal Macron eurozone reform setback

Alex Pigman, Agence France-Presse
Posted at Jun 29 01:33 PM

The discussion falls on the second day of a two-day summit that was largely dominated by Italy's ire on migration, which overshadowed all other topics, including the eurozone and Brexit. Read more »

Macron's eurozone reforms: Grand vision reduced to pale imitation

Luke Baker, Reuters
Posted at Jun 19 08:26 AM

When French President Emmanuel Macron laid out a sweeping vision for eurozone reform last September, he spoke of "rebuilding Europe", with a common budget for the euro nations and a single minister to oversee it all. Read more »

Euro craters, dollar soars, as ECB holds off on rate hikes

Nick Brown, Reuters
Posted at Jun 15 08:37 AM

The US dollar rose against a basket of major currencies by more than a penny as the euro cratered, and US stocks ticked up in afternoon trading on Thursday, as the European Central Bank signaled interest rate hikes were a long way off. Read more »

EU single currency reform won't be 'perfect': official

ABS-CBN News
Posted at Feb 19 08:24 AM

EU Economic Affairs Commissioner Pierre Moscovici said Sunday he does not expect a "perfect" accord on reforming the single currency at an EU summit in June. Read more »

ECB keeps policy unchanged, faces questions over euro surge

Balazs Koranyi and Francesco Canepa, Reuters
Posted at Jan 25 09:29 PM

The European Central Bank kept its ultra-easy policy firmly on hold on Thursday but ECB chief Mario Draghi will now face the difficult task of addressing the euro's potentially damaging surge against the dollar.   Read more »