Ecb

ECB likely to cut rates while weighing US trade concerns and France's chaos

With US President-elect Donald Trump threatening new tariffs and political chaos engulfing France, the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much. Analysts see a quarter-point rate cut from the current ECB benchmark rate of 3.25% as the most likely option when the bank's rate-setting council meets at its skyscraper headquarters in Frankfurt. But the prospect of a half-point cut isn't out of the question for the bank and its President Christine Lagarde as new risks that emerged since the bank's last meeting on October 17 cast a shadow over an already tepid recovery from a post-pandemic stagnation. Trump's election victory on Nov. 5 heightened the prospect of a more protectionist U.S. trade policy, such as new or higher tariffs on imported goods, after he takes office on Jan. 20. That sends a cold chill through the business world in Europe, where exports are an ...

Bank of England set to stay in central bank slow lane, keep rates on hold

BoE has cut Bank Rate only twice from a 16-year peak, helping to make sterling the only currency from the Group of 10 leading economies that has not fallen against the US dollar in 2024

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday. The funds have been raised from 10 known financial institutions from Southeast Asia, the Middle East, and Africa, the Odisha-based SME lender said in the statement. The facility involves a green-show option to raise an additional USD 40 million (around Rs 338 crore), it added. The funds will be used for on-lending to microfinance borrowers with a focus on rural women and underserved populations, the company said. The initiative aims to expand access to financial services, enhance economic participation, and contribute to development in underbanked regions of India. Standard Chartered Bank (SCB) arranged the loan facility. Annapurna Finance, an NBFC-MFI, serves over 2.9 million borrowers across 21 states through over 1,500 branches in 424 districts.

ECB's NOC policy sparks potential England players' boycott of The Hundred

A group of "50 leading England cricketers" could boycott next year's Hundred competition to protest the England and Wales Cricket Board's (ECB) overhaul of its NOC policy, which players need to participate in franchise tournaments, according to a report. It was revealed last week that the ECB intended to not issue NOCs for tournaments which have their dates clashing with the English summer, unless the cricketer "is on a white-ball only deal with their county", reported The Telegraph. "This includes the Pakistan Super League, which moves to a slot concurrent to the Indian Premier League (which is controversially exempt from the policy) in April and May next year," the report said. Players are believed to have been denied NOCs for any competitions that coincide with the Vitality Blast or the Hundred. "Next year, that includes Major League Cricket, Canada's Global T20 league and the Lanka Premier League, as well as the Caribbean Premier League. The list of leagues clashing with the ..

Inflation in Europe rises to 2.3%, growth concerns dominate ECB discussions

Inflation in the 20 countries that use the euro currency rose in November but that likely won't stop the European Central Bank from cutting interest rates as the prospect of new US tariffs from the incoming Trump administration adds to the gloom over weak growth. The European Union's harmonised index of consumer prices stood up 2.3 per cent in the year to November, up from 2.0 per cent in October, the EU statistics agency Eurostat reported Friday. Energy prices fell 1.9 per cent from a year ago, but that was offset by price increases of 3.9 per cent in the services sector, a broad category including haircuts, medical treatment, hotels and restaurants, and sports and entertainment. Inflation has come down a long way from the peak of 10.6 per cent in October 2022 as the ECB quickly raised rates to cool off price rises. It then started cutting them in June as worries about growth came into sharper focus. High central bank benchmark rates combat inflation by influencing borrowing cost

ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data

Analysis of the end-use of registrations showed that ECBs for import or local sourcing of capital goods were pegged at $1.3 billion in H1FY25, sharply down from $9.4 billion in H1FY24

ECB members divided on risk of excessively weak inflation, show accounts

The ECB cut rates for the third time this year in October and made clear that further easing is coming given a weak economy and diminishing price pressures

Lagarde says ECB expects 'really good progress' on inflation so far

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

Lagarde says ECB expects 'really good progress' on inflation so far

Speaking on Wednesday at an event hosted by the Atlantic Council in Washington, she described how policymakers have seen consumer-price growth weaken from a peak above 10%

Champions Trophy without India not an option, contingencies available: ECB

Top officials of the England and Wales Cricket Board (ECB), including chairman Richard Thompson, have suggested that staging the Champions Trophy without powerhouse India is not an option and there are "contingencies available" if Rohit Sharma's team doesn't travel to host country Pakistan. India have not played in Pakistan since 2008 due to the tense relations between the two countries and their travel to the South Asian nation is solely dependent on government clearance. With the government unlikely to give the BCCI permission to send the team to Lahore, the Champions Trophy in a hybrid model seems the most likely option. Like the Asia Cup last year, India can play their matches in a third country while the other games can be staged in Pakistan. The tournament will be held in February-March. "It would not be in cricket's interests for India not to be playing in the Champions Trophy," Thompson, who is in Pakistan alongside ECB CEO Richard Gould, was quoted as saying by ...

ECB cuts interest rates as expected, says well on track to tame inflation

"The incoming information on inflation shows that the disinflationary process is well on track," the ECB said in a statement

ECB set to deepen global easing with interest rate cut it didn't expect

US reports will offer a sense of how much momentum consumers, manufacturers and homebuilders had approaching the final quarter of the year

ECB will do anything to remove hurdles to bank mergers: Supervisory chief

The ECB, as the euro zone's top supervisor, will have the final say on whether UniCredit, Italy's second-largest bank, can raise its stake in its German rival to just below 30%

Indian companies file ECB plans worth $3.58 billion in July 2024

According to RBI data, among the prominent firms which have filed intent are ONGC Videsh Ltd for $800 million to be raised from an overseas branch of an Indian commercial bank

ECB cuts interest rates as growth dwindles, gives no clue of next step

Economists think the most she will do is keep the door open to another cut in October by saying that all meetings, including the next one, are 'live'

Zee to push for global reach of DP World ILT20, targets premium advertisers

For advertisers, Sehgal said that ZEEL is focused on creating value as the consumer base consists predominantly of high-income groups in the UAE

Sri Lankan skipper Dhananjaya de Silva slams batters for loss against ENG

Sri Lankan batters fought hard, with contributions from Kamindu Mendis, Angelo Matthews, Dinesh Chandimal, Silva and Milan Rathnayake standing out

Jamie Smith takes pride in his maiden Test century against Sri Lanka

Smith showed immense composure, versatility and class across both innings as his century in the first innings and a quick cameo in the run-chase proved to be vital in England's five wicket win over SL

ENG vs SL: Harry Singh, son of RP Singh senior; here's why he is in news

Harry Singh's father, RP Singh Senior, represented India in ODIs in the 1980s

India and England to play the first ever women's Test at iconic Lord's

The home of cricket' Lord's will host its first-ever women's Test to be played between India and England in 2026, the England and Wales Cricket Board (ECB) announced on Thursday. The ECB said on its website that after a three-match ODI series between India and England in July 2025, the former will return in 2026 for a one-off Test. I'm also delighted we can confirm that India Women will return in 2026 to take on England Women in the first-ever women's Test match at Lord's. It will be a truly special occasion, and one of real significance, ECB CEO Richard Gould said. India and England will play three ODIs on September 2, 4 and 7 at Headingley, Lord's and Southampton respectively. It has also been confirmed that India Women will return in 2026 for a one-off Test match at Lord's the first-ever Women's Test to be staged at the Home of Cricket, the ECB added. England Women have played white-ball matches at Lord's for the past three years, with another scheduled next year, but it will