Romania cen.bank lowers key rate
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The Austrian corporate investment in Romania may double by 2007, the year when the latter is scheduled to join the EU.
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The European Central Bank left intact its main interest rate at 4 percent, stepping away from a threat to raise rates, as the Bank of England cut its benchmark rate by a quarter-point, to 5.25 percent.
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The president of the European Central Bank quashed hopes that it might follow the United States Federal Reserve in cutting interest rates to contain an economic slowdown.
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Betting on banks and movie theaters could be a good move if the Federal Reserve lowers a key interest rate at today's meeting.
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European equities fell on Thursday as investors considered the impact of near-term eurozone interest rate increases and mulled a mixed set of corporate earnings.
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The Federal Reserve on Tuesday slashed benchmark U.S. interest rates by a hefty three-quarters of a percentage point in an emergency bid to lend support to a weak U.S. economy faced with increasing turmoil in global financial markets.
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The Governing Council of the European Central Bank decided to keep the interest rates at 2 % on Thursday. The same day, the Bank of England also announced the decision to keep its key rate unchanged at 4.75%.
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The Federal Reserve on Tuesday slashed benchmark interest rates by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence.
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Deutsche Bank AG, Europe&#39;s third- biggest bank, will book a loss of less than 40 million euros ($54.1 million) from the sale of real estate assets to Eurocastle Investment Ltd.
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The Federal Reserve is expected to lower interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep housing slump and credit crunch.
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The Hungarian central bank lowered its benchmark interest rate by 50 basis points, from 11.0 percent to 10.5 percent, the bank said in a statement posted on its website.
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Business & money: British Retail Consortium urges Bank to consider reducing interest rates after weak high street sales.
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The euro eased lower against the dollar in rangebound trading on the eve of key interest rate decisions in both the eurozone and Britain, dealers said Wednesday.
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Japan&#39;s central bank downgraded its assessment of the economy for the first time in more than a year Friday, citing weakening industrial production and slowing export growth.
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Business: 21 October 2004, Thursday. There has been a slowdown in the increase of bank deposits in Bulgaria, according to a fresh survey of the Industry Watch agency.
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The pound was lower after short-lived gains following the Bank of England's (BoE) decision to keep rates unchanged at 5.50 percent.
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Despite the likelihood that proposed changes to the make-up of the Monetary Council of the National Bank of Hungary (MNB) will usher in a council more keen to cut rates faster, the weakening of the forint may ...