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Brent steady below $103, ECB rate cut supportsBrent crude held below $103 a barrel on Friday, retaining most of its steep gains from the previous session, when an interest rate cut by the European Central Bank boosted investors' appetite for riskier assets. The decision c More… |
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Gold hits 10-month low on strong dollarGold hit a 10-month trough below $1,540 an ounce on Thursday as the dollar strengthened ahead of a statement by European Central Bank chief Mario Draghi, after the bank left rates on hold as expected at its latest policy meetin More… |
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Europe deepens union; ECB gets new powersEurope clinched a deal on Thursday to give the European Central Bank new powers to supervise euro zone banks from 2014, embarking on the first step in a new phase of closer integration to help underpin the euro. &n More… |
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Europe agrees single banking supervisorEuropean Union leaders took a big stride towards establishing a single banking supervisor for the euro zone, agreeing it would enter into force next year, opening the way for the bloc's rescue fund to inject capital directl More… |
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Debt-laden companies cashing in on ECB pledgeHeavily indebted euro zone firms are reaping the benefits of the European Central Bank's pledge to pull the region out of crisis, allowing them to borrow more cheaply and draw investors back into their shares. In the aftermath More… |
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Gold on 11-month high, extends gains to 5th dayGold hit an 11-month high of $1,795.69 an ounce on Friday in its fifth day of gains as stimulus measures from major central banks continued to increase its appeal as an inflation hedge. The European Central Bank kept interest rate More… |
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Euro zone business confidence hits 3-year lowThe outlook for Europe's economy darkened on Thursday with euro zone business confidence falling to a three-year low and a range of economic indicators across the continent pointing towards recession. Shrinking lending and ris More… |
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Brent above $113 ahead of US jobs dataBrent futures steadied above $113 a barrel on Friday ahead of a US jobs report that will gauge the economic health of the world's biggest oil consumer as it considers a release of emergency oil reserves, potentially much larger than the last More… |
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ECB to launch new bond-buying programmeThe European Central Bank has agreed to launch a new and potentially unlimited bond-buying programme to lower struggling euro zone countries' borrowing costs and draw a line under the debt crisis. Seeking to back up his July pledge More… |
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Gold off 6-month high, eyes turn to ECBGold inched lower on Wednesday, pulling back from a near six-month high in the previous session after weak US data reinforced speculation of imminent stimulus action, as investors await a key meeting of the European Central Bank this week. More… |
