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MercoPress, en Español

Montevideo, April 3rd 2026 - 06:54 UTC

Tag: European Central Bank (ECB)

  • Friday, June 15th 2018 - 10:55 UTC

    Markets waiting for Trump's announcement on US$ 50bn tariffs against China

    It is not clear when Trump will activate the measures, rising Sino-U.S. trade tensions, and putting additional pressure on China’s economy

    Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the Euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting US$ 50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

  • Friday, June 15th 2018 - 10:28 UTC

    ECB will stop its bond-buying scheme, €30bn a month, next December

    The move is a major step towards dismantling the policies brought in to stabilize the euro zone in the wake of the financial crisis.

    The European Central Bank (ECB) has confirmed it will end a huge program to stimulate the Euro-zone economy in December. The ECB will stop its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.

  • Tuesday, November 21st 2017 - 13:16 UTC

    ECB warns banks that they “need to have substance locally” in post Brexit

    The Bank of England has said it is braced for the potential loss of 75.000 finance jobs following Britain's departure from the European Union.

    European regulators have warned banks working on post-Brexit plans that they will “need to have substance locally” to serve European clients. The European Central Bank said some of the proposals it has reviewed are inadequate and risk creating “empty shells”.

  • Tuesday, November 21st 2017 - 09:55 UTC

    London looses European Banking Authority to Paris and European Medical Agency to Amsterdam

    Paris was picked after lots were drawn when three rounds of voting failed to produce a winner. EMA and the EBA currently employ 1,000 people in London.

    Paris has won a battle to host the European Banking Authority (EBA), which will relocate from London after the UK leaves the European Union. The French capital's victory follows a win earlier for Amsterdam, which will host the London-based European Medicines Agency (EMA).

  • Wednesday, August 30th 2017 - 08:14 UTC

    Euro at its strongest against the US dollar for the first time since 2015

    The Euro has strengthened as the Euro zone's economy improves and markets predict the European Central Bank could start to cut back quantitative easing

    The Euro has hit US$1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes. Hurricane Harvey's impact has led analysts to assume the US central bank will not want to risk curbing economic growth and fears over North Korea's activities have unnerved investors.

  • Tuesday, August 1st 2017 - 18:39 UTC

    EU Banking and Medicine authorities moving out of UK

    The Irish government is marketing Dublin, with a brochure that highlights the city's business culture as well as “beaches and mountains on its doorstep”.

    An estimated twenty European Union countries are expected to submit bids to provide a new home for two agencies that will be relocated from the UK after Brexit. The European Banking Authority (EBA) and European Medicines Agency (EMA), based in Canary Wharf in London, employ just over 1,000 staff between them.

  • Thursday, June 8th 2017 - 07:02 UTC

    Santander rescues Banco Popular, which was “failing or likely to fail”

    Buying Banco Popular will cost Santander 7bn euros, around 2bn euros more than analysts had expected.

    Spanish Banco Popular has been rescued from the brink of collapse by larger rival Santander for one Euro. Buying Banco Popular will cost Santander 7bn euros, around 2bn euros more than analysts had expected. Banco Popular was described by the European Central Bank as “failing or likely to fail” due to its dwindling cash reserves.The bank has struggled after billions in property investments turned sour.

  • Thursday, March 30th 2017 - 06:47 UTC

    Brexit: London's financial sector calls for a transitional deal for the industry

    The European Central Bank has made it clear that Britain cannot access the passporting system, which allows financial firms to trade freely across the EU

    London’s powerhouse financial sector finds itself at a critical juncture with Article 50 about to be triggered, as the Square Mile braces itself for a jobs exodus and the potential loss of European trading rights following Brexit. City bosses and politicians have called on the UK Government to secure a transitional deal for the industry to prevent companies pre-empting uncertainty by upping sticks to rival financial centres across the globe.

  • Friday, October 21st 2016 - 08:15 UTC

    Euro central bank leaves rates and stimulus program unchanged

    ECB said the purchases will continue in any case until inflation rises to more acceptable levels from the current 0.4%, but has left the end date otherwise open.

    The European Central Bank left its key interest rates and its bond-buying stimulus program unchanged on Thursday as it seeks more data on the strength of Europe’s modest economic recovery. The decision came at a meeting of the bank’s 25 member governing council at its headquarters in Frankfurt, Germany.

  • Friday, September 9th 2016 - 11:12 UTC

    Dragui leaves monetary policy unchanged; calls on Euro zone countries to unleash fiscal stimulus

    Draghi said he hoped Euro zone governments might finally step up and unleash some fiscal stimulus, referring to a recent announcement at the G-20 summit

    The European Central Bank made no changes to its current monetary policy on Thursday, leaving interest rates unaltered and taking no decision on whether to further stimulate the Euro-zone economy. The ECB’s governing council left the main refinancing rate at zero percent and the deposit rate at -0.4%, as expected.