Thursday 23 October 2014
 
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ECB

ECB targets bundled-debt market to boost economy

The European Central Bank (ECB) laid out plans on to buy rebundled packets of debt within weeks to shore up the flagging euro zone economy and its president said the bank would do more if needed. It was, nonetheless, one of the la

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Asia stocks highest since 2008 as euro plunges

The euro came close to cracking on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years. The groundbreakin

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Banks cut 5,500 branches across Europe in 2012

Banks cut 5,500 branches across the European Union last year, 2.5 percent of the total, leaving the region with 20,000 fewer outlets than it had when the financial industry was plunged into crisis in 2008. Last year's cuts com

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Brent steady below $103, ECB rate cut supports

Brent 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

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Gold hits 10-month low on strong dollar

  Gold 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

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Europe deepens union; ECB gets new powers

  Europe 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

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Europe agrees single banking supervisor

  European 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

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Debt-laden companies cashing in on ECB pledge

Heavily 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

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Gold on 11-month high, extends gains to 5th day

Gold 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

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Euro zone business confidence hits 3-year low

The 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

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