ECB backs simpler, not looser, bank rules, sources say

ECB backs simpler, not looser, bank rules, sources say

The European Central Bank will propose simplifying rules on capital buffers required of banks, pruning some of the complex regulation put in place after the global financial crisis, two sources...
December 09, 2025 at 11:17 am
US bank floats plan to repay US investors via Lukoil asset sale, sources say

US bank floats plan to repay US investors via Lukoil asset sale, sources say

U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil's foreign assets be used to repay American investors who lost money when Russia's war in ...
December 09, 2025 at 11:00 am
Yen resilient after earthquake hits Japan, Fed and RBA in view

Yen resilient after earthquake hits Japan, Fed and RBA in view

The yen held steady in early Asian trading after a powerful 7.5-magnitude earthquake struck Japan's northeast overnight, adding to a risk-off mood ahead of several policy decisions from central banks...
December 09, 2025 at 12:59 am
ECB's Rehn sees downside risks to inflation, urges action on Ukraine funding

ECB's Rehn sees downside risks to inflation, urges action on Ukraine funding

Inflation in the euro zone faces downside risks in the medium term, even as price growth has returned to the ECB's 2% target, European Central Bank policymaker Olli Rehn said, according to a report in...
December 06, 2025 at 08:49 am
Dollar hovers near five-week low on Fed rate cut bets

Dollar hovers near five-week low on Fed rate cut bets

The U.S. dollar languished not far from a five-week low against its major peers on Friday as investors braced for a Federal Reserve rate cut next week. The greenback was particularly...
December 05, 2025 at 12:55 am
Belgian PM hopes to have 'fruitful discussion' on Russian frozen assets with Germany's Merz

Belgian PM hopes to have 'fruitful discussion' on Russian frozen assets with Germany's Merz

Belgian Prime Minister Bart De Wever said on Thursday he hopes to have a fruitful discussion with German Chancellor Friedrich Merz on Friday about an EU plan to use Russian frozen assets to support...
December 04, 2025 at 06:28 pm
UK sets out new sanctions against Russia after Novichok report

UK sets out new sanctions against Russia after Novichok report

Britain on Thursday announced new sanctions against Russia, including the entire GRU military intelligence agency, which was singled out in a UK public inquiry into the 2018 death of a woman poisoned...
December 04, 2025 at 12:13 pm
Germany's Merz wants EU states to share risks of Russian asset plan alongside Belgium

Germany's Merz wants EU states to share risks of Russian asset plan alongside Belgium

Germany's Chancellor Friedrich Merz has come out in favour of giving Belgium assurance that the risks of a planned use of frozen Russian state assets to support Ukraine would be borne fairly by all...
December 04, 2025 at 09:09 am
Russia blocks Apple's FaceTime in mounting push against foreign tech platforms

Russia blocks Apple's FaceTime in mounting push against foreign tech platforms

Russia has blocked Apple's video-calling app FaceTime, the state communications watchdog said on Thursday, as part of an accelerating clampdown on foreign tech platforms that authorities allege are...
December 04, 2025 at 08:49 am
ECB says EU use of Russian assets for Ukraine loans is a stretch

ECB says EU use of Russian assets for Ukraine loans is a stretch

The European Commission's proposal to use Russian central bank assets to extend reparations loans to Ukraine is a stretch from a legal and financial point of view, European Central Bank President...
December 03, 2025 at 04:02 pm
Euro zone business activity expands at fastest pace in 30 months in November, PMI shows

Euro zone business activity expands at fastest pace in 30 months in November, PMI shows

Business activity in the euro zone expanded at its fastest pace in two-and-a-half years in November as a robust service sector more than offset manufacturing weakness, a survey showed on Wednesday. ...
December 03, 2025 at 09:02 am
DAX Expected to Open Higher - Focus on Ukraine and ECB Policy

DAX Expected to Open Higher - Focus on Ukraine and ECB Policy

The DAX is set to open Wednesday's trading session with gains, according to developments in the futures markets. On Tuesday, Germany's leading index closed half a percent higher at 23,710.86 points....
December 03, 2025 at 06:56 am
Russia's services sector growth accelerates in November, PMI shows

Russia's services sector growth accelerates in November, PMI shows

Russia's services sector experienced a resurgence in growth in November, driven by a renewed increase in new orders, a survey showed on Wednesday. The seasonally adjusted S&P Global...
December 03, 2025 at 06:01 am
EU proposes using frozen Russian assets or borrowing to give Ukraine 90 billion euros

EU proposes using frozen Russian assets or borrowing to give Ukraine 90 billion euros

The European Commission proposed on Wednesday an unprecedented use of frozen Russian assets or international borrowing to raise 90 billion euros for Ukraine to cover its struggling military and basic...
December 02, 2025 at 11:44 pm
Tariffs, AI boom could test global growth's resilience, OECD says

Tariffs, AI boom could test global growth's resilience, OECD says

Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from U.S. tariff hikes, the OECD said on Tuesday, nudging up its outlook...
December 02, 2025 at 10:04 am
ECB refuses to provide backstop for $163 billion Ukraine loan, FT reports

ECB refuses to provide backstop for $163 billion Ukraine loan, FT reports

The European Central Bank has refused to backstop a 140 billion euros payment to Ukraine, undermining an EU plan to raise a reparations loan backed by frozen Russian assets, the Financial Times...
December 02, 2025 at 05:15 am
Euro zone factory activity contracts in November, job cuts accelerate, PMI shows

Euro zone factory activity contracts in November, job cuts accelerate, PMI shows

Euro zone manufacturing activity slipped back into contraction territory in November on weakening demand that forced firms to cut jobs at the quickest rate in seven months, a private survey showed. ...
December 01, 2025 at 09:03 am
French economic growth confirmed at 0.5% in third quarter - INSEE

French economic growth confirmed at 0.5% in third quarter - INSEE

France's economy grew in the third quarter, final data from statistics office INSEE showed on Friday, confirming the preliminary reading of 0.5% that showed resilience in the euro zone's...
November 28, 2025 at 07:49 am
Kyiv says external funding critical, urges EU to unlock Russian assets

Kyiv says external funding critical, urges EU to unlock Russian assets

KYIV -Ukraine still has a critical need for external financing, officials said on Thursday, issuing a fresh appeal for the EU to approve a loan backed by frozen Russian funds after Kyiv secured...
November 27, 2025 at 02:31 pm
ECB's Kazaks says time is not ripe for a rate cut

ECB's Kazaks says time is not ripe for a rate cut

FRANKFURT -It is too early for the European Central Bank to discuss another interest rate cut as inflation in the euro zone might still turn out higher than expected, ECB policymaker Martins Kazaks...
November 27, 2025 at 11:41 am