The European Central Bank experienced a major breakdown in its payment system, causing delays in transactions and impacting trillions of euros in payments. The malfunction disrupted the Target 2 ...

FRANKFURT -- Banks struggled to process payments on Friday after an unprecedented day-long breakdown in the European Central Bank's machine underpinning trillions of euros of money movements.

Banks encountered difficulties in handling payments on Friday due to an extraordinary, full-day malfunction of the European ...

The latest data shows inflation is at its lowest level since February 2021, before a series of supply shocks drove it higher across Europe and much of the globe. It also marks the first time since ...

German annual inflation came in at an unchanged but higher-than-expected 2.8% in February, provisional data from statistics ...

Median inflation expectations over the next 12 months eased to 2.6% in January from 2.8% in the previous month while ...

Deutsche Boerse's Clearstream said on Friday services were largely restored but that there was still some residual impact ...

UniCredit in late November swooped on Banco BPM, which has long been a natural takeover target for the bigger peer given its ...

Economists have added a big disclaimer to their view that the European Central Bank will cut interest rates three more times: ...

Having overseen another rate cut in January, the ECB has cut rates 5 times since June last year when it became the first major central bank to start its cutting cycle. With headline CPI currently ...

Standard Chartered Bank’s latest macroeconomic update on Vietnam forecasts a rise in inflation, expecting it to increase to 3 ...