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You Searched For "euro bank crisis" and got 20 results


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6 mins read

India could emerge as an economic superpower amid dull global economic landscape

IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…

ANI   


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2 mins read

The US is weighing using the power of the dollar to stop Chinese banks aiding Russia but its plan could backfire

The US is drawing up plans to cut Chinese banks off fro the global financial system, according to T…

Tom Porter   


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3 mins read

The euro is facing a deeper slide under the weight of Europe's gas crisis and the ECB's bond-rout response, says Societe Generale

The euro is sinking closer to parity with the dollar, buying $1.016 and trading at a nearly 20-year…

Carla Mozée   


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1 min read

Credit Suisse to borrow up to $54 billion from Swiss National Bank as it looks to shore up liquidity amid the banking crisis

CS said this supports its "core businesses and clients" as it "takes the necessary steps to create …

Matthew Loh   


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2 mins read

Russian gas holds the keys to the euro as the energy crisis weighs on Europe's economy and currency

The euro could pull back further to fall between $0.95 to $0.97 against the dollar, a range of anal…

Brian Evans   


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5 mins read

UBS is set to buy Credit Suisse for $3.2 billion. The megadeal could make the banking crisis worse.

The UBS-Credit Suisse megadeal could make it tougher for the Fed to fight inflation without causing…

Theron Mohamed   


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1 min read

Forget the dollar, Argentina should adopt the euro as its currency, Nobel economist Paul Krugman says

The South American nation does almost twice as much trade with the EU as it does with the US, Paul …

Zahra Tayeb   


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2 mins read

One of the euro's founding fathers says the ECB is 'living in a fantasy' by getting tough enough on inflation

Otmar Issing, the ECB's first chief economist, criticized the central bank for downplaying the risk…

Hamza Fareed Malik   


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4 mins read

Global inflation to drop this year amid subpar economic growth: IMF

In most economies, amid the cost-of-living crisis, the priority remains to achieve sustained disinf…

ANI   


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2 mins read

Oil prices remain above $100/barrel as Russia-Ukraine crisis deepens

The threat of sanctions on Russian hydrocarbon exports and uncertainty surrounding supplies will ex…

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1 min read

Europe's natural gas crisis is going from 'bad' to 'ugly', according to Bank of America

Natural gas prices are likely to increase further on the spot and futures market, the bank said, as…

Zahra Tayeb   


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1 min read

Phil Rosen   


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2 mins read

The European Central Bank just hiked interest rates for the first time in 11 years, amid political and economic crisis

The ECB opted to hike interest rates by an outsized 50 basis points in a bid to cool red-hot inflat…

Harry Robertson   


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2 mins read

The euro won't rebound from its slide against the US dollar this year as long as Europe's gas crisis drags on, Societe Generale says

Higher energy prices are helping the dollar while "crushing" the euro. The euro is below dollar par…

Carla Mozée   


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2 mins read

An economist explains how the euro could drop below the dollar after the world's top currencies reached parity - and why the ECB may not stop the fall

"I think the ECB is really not in any hurry to raise the euro, and it will let the export sector, i…

Phil Rosen   


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3 mins read

The ECB says it's preparing a new anti-crisis tool as a surge in bond yields stirs memories of the eurozone meltdown

The ECB is back in crisis-fighting mode after Italian bond yields skyrocketed in response to potent…

Harry Robertson   


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4 mins read

HCL Tech and Tech Mahindra may post better earnings as Euro bank crisis affects Infosys, Wipro

The third quarter of the financial year is seasonally weak for IT companies, for some more than oth…

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2 mins read

The European Central Bank just brought in another big rate hike despite Credit Suisse rattling bank stocks

The ECB raised borrowing costs Thursday for the sixth time in a row, sticking to its plan by bringi…

George Glover   


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2 mins read

The European Central Bank pulled the trigger on a record interest rate hike as Europe battles a Russian energy crisis and spiraling food prices

The second consecutive increase by the central bank is the biggest since it was founded in 1998, wi…

Will Martin   


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3 mins read

Euro surges and natural gas prices sink after Russia resumes flows of fuel through a key pipeline

Flows of Russian gas through the Nord Stream 1 pipeline resumed Thursday, offering temporary relief…

Amanda Cooper