ECB Officials Saw Rate Hike as ‘Close Call,’ Account Shows
European Central Bank officials saw last month’s decision to raise interest rates by another 25 basis points as a “close call,” according to an account of their last policy meeting.
European Central Bank officials saw last month’s decision to raise interest rates by another 25 basis points as a “close call,” according to an account of their last policy meeting.
The International Monetary Fund said it’s in “close engagement” with Egypt to set the dates for discussing a much-delayed review of a $3 billion rescue program, citing recent progress on reforms.
French spot power prices reached a six-week high on Thursday as output was curbed by an Electricite de France SA strike over pay.
Africa needs international relief from a vicious funding squeeze that has left as many as eight of its countries requiring debt restructuring, an International Monetary Fund official said.
Russia’s government is reimposing tougher capital controls over the objections of the central bank, according to people familiar with the matter, acting to keep a closer grip on the ruble as Vladimir Putin prepares for presidential elections.
For the first time, a Swedish man has been convicted of hate speech for a Koran-burning related offense.
Former Barclays Plc boss Jes Staley has been fined £1.8 million ($2.2 million) and banned from the UK financial services industry after “recklessly” misleading regulators and the bank about his relationship with the late financier and sex offender Jeffrey Epstein.
Caroline Ellison, the former chief executive officer of Alameda Research, outlined for a New York jury Wednesday how she worked with Sam Bankman-Fried to deceive lenders and customers to build his multi-billion dollar cryptocurrency empire — and their failed attempts to prevent a spectacular collapse.
Banco Santander SA Chairman Ana Botin said she’s is always looking at potential smaller acquisitions, responding to a report that the Spanish lender had been approached about a possible bid for Metro Bank Holdings Plc.
Bond investors are starting to back away from what’s been one of the few bright spots for them this year amid signs yields may have peaked after an epic rout.