Don’t hold your breath for the press conference at the European Central Bank (ECB) in Frankfurt, Germany. Expect no proverbial “market-moving news” simply because there are no economic developments that would warrant a departure from an easy credit stance. The euro zone is experiencing a core rate of inflation between 0.9 percent and 1.2 percent. […]

Mario Centeno, the incoming president of the Eurogroup, underlined his vision for the region and said that “time and patience is of essence” to reform the euro zone. The current finance minister of Portugal is taking over one of the most important positions in the euro zone on January 13. Among the many decisions that […]

The U.K.’s departure from the European Union is among the top concerns for the euro area going into 2018, the incoming Eurogroup chief told CNBC. “Brexit is a challenge and it’s a challenge that is a negative shock certainly for all these economies,” Mario Centeno, the incoming Eurogroup president told CNBC exclusively Wednesday. The Eurogroup […]

U.S. President Donald Trump’s decision to recognize Jerusalem as the capital of Israel is likely to have the unforeseen consequence of strengthening the hand of Russian President Vladimir Putin and Moscow’s role in the Middle East, according to experts. When Trump said last week that he recognized Jerusalem as Israel’s capital and that he would […]

Deutsche Boerse, the German stock exchange operator, experienced a short disruption on its Xetra trading platform early on Wednesday, but trading started as normal at 0800 GMT. Deutsche Boerse was not immediately available to explain the disruption, which surfaced around 0715 GMT with a notice on its website. That notice was removed about 30 minutes […]

A Russian court froze around $1.7 billion of conglomerate Sistema‘s assets following a claim by oil major Rosneft on Tuesday, escalating a long-running dispute that has reignited concerns about the investment climate in Moscow. Rosneft is looking to place on hold some of Sistema’s assets as part of a second lawsuit over the state-controlled group’s […]

The European Central Bank (ECB) is likely to raise its growth forecasts when it meets Thursday, as the fragile economic recovery in the region slowly gathers pace. This will be President Mario Draghi‘s last press conference before the holiday season, but the Italian economist has given away most of his presents early this year. At […]

Swedish payments start-up iZettle said Wednesday it had raised 40 million euros ($47 million) in funding to boost its growth strategy. The small business commerce platform lists Jack Dorsey’s Square among its competitors and currently operates in 12 markets across Europe and Latin America. The funding round was led by early stage venture capital investor […]

European markets are expected to open lower on Wednesday as investors await the outcome of the U.S. Federal Reserve’s two-day policy meeting. The London-based FTSE is seen opening 19 points lower at 7,479, the German DAX is expected to open 35 points lower at 13,141 and the French CAC is seen 11 points lower at […]

Some of Ryanair’s Irish-based pilots served notice of a one-day strike on Tuesday and German pilots’ union Vereinigung Cockpit said strike action was also possible in Germany in a growing push for better conditions at the Irish budget carrier. Pilots at Europe’s largest airline by passenger numbers have mobilised in the wake of the announcement […]