In the Name of Cricket (Free subscription) | 5 hours ago
In a diatribe against the IPL, David Hopps writes in the ‘ The Guardian ’ that the ECB Chairman Giles Clarke proposes to use the ICC board meeting set for today to rein in the excess of the IPL nay BCCI. Among the usual rants about IPL ruining cricket, the following paragraph takes the cake. England - for reasons not just of their own financial health, but the future integrity of the game - have refused...
ireland.com (Free subscription) | 53 minutes ago
National Irish Bank has withdrawn its range of ECB Tracker-based mortgage products, including the LTV Tracker Mortgage.
Cricinfo (Free subscription) | 3 hours ago
Waqar Younis, the former Pakistan former captain, has accepted an offer from the ECB to tour India with the Academy team as a bowling consultant.
Financial Time (Free subscription) | yesterday
The European Central Bank was studying fresh ways to boost its already extensive efforts to revive financial markets after it joined other monetary authorities in promising unlimited injections of dollar funding into the continent's banking sector
The Telegraph (Free subscription) | yesterday
England and Wales Cricket Board turns down proposal from MCC to introduce pink balls into county oneday cricket next season.
CEOWORLD Magazine (Free subscription) | yesterday
... necessary to provide sufficient liquidity in short-term funding markets,” the statement said. The ECB, the BOE and the Swiss National Bank “can provide U.S. dollar funding in quantities sufficient to meet their demand” into 2009, the Fed said today. “Central banks will continue to work together and are prepared to take whatever measures are necessary to provide sufficient liquidity in short- term...
Reuters UK (Free subscription) | 10/12/2008
... developments could justify some monetary easing in the near-term," he said in a rare reference to ECB monetary policy at the annual meeting of the International Monetary Fund and the World Bank.The ECB cut rates by 0.5 percentage point to 3.75 percent together with other major central banks on Wednesday and economists expect more rate cuts could be in the pipeline.ECB Governing Council member Christian...
French Politics (Free subscription) | 10/09/2008
On the subject of the ECB rate cuts, I received two informative e-mails from a knowledgeable reader who must remain anonymous for professional reasons. Here is what he says (quoting from press releases): "Last night, the ECB switched the way it conducts its weekly auctions from variable to fixed-rate tenders. The effect of this in practice, as discussed on the next page, is equivalent to cutting
Financial Time (Free subscription) | 10/10/2008
After Wednesday’s globally co-ordinated interest rate cuts, which saw its main policy rate fall by half a percentage point to 3.75 per cent, the ECB implemented sweeping changes in its money market operations that allowed it to offer banks unlimited liquidity at fixed interest rates and emergency lending at a lower penalty rate.
Business Week (Free subscription) | 10/09/2008
The European Central Bank joined the United States Federal Reserve and other major central banks in cutting key interest rates by half a point on Wednesday in a concerted move to stabilize financial markets and avert recession, but the ECB's power to stem the financial crisis in Europe is limited, economists say.
Belfast Telegraph (Free subscription) | 10/08/2008
It is been another dark day on the Irish stock market despite a surprise move to slash interest rates.
Market Watch (Free subscription) | 10/08/2008
LONDON (MarketWatch) -- The Federal Reserve, the Bank of England, the European Central Bank and other major central banks cut interest rates Wednesday in a coordinated move to head off a major global slump. The Federal Reserve cut its key lending rate a half-point to 1.5%, while the ECB cut its key rate a half point to 3.75%. The Bank of England also cut its key rate by a half point to 4.5%. Market...
Business Report (Free subscription) | 10/08/2008
The European Central Bank is making large cash injections into money markets on a daily basis in the hopes of keeping financial markets healthy.
People Daily (Free subscription) | 10/08/2008
The European Central Bank (ECB) Tuesday provided 250 billion euros (338 billion U.S. dollars) to commercial banks to ease turmoil stemming from the recent U.S. financial crisis. The ECB provided the money in a regular one-week loan with interest rate of 4.99 percent. It provided a similar 190 billion euros (some 257 billion U.S. dollars) loan last week at an interest rate of 4.96 percent. The ECB also...
Financial Time (Free subscription) | 10/09/2008
In a move deliberately kept distinct from its early cut in its main policy interest rate, the ECB said that it would be offering eurozone banks unlimited liquidity in its weekly auctions at the newly lowered main policy interest rate of 3.75 per cent. The announcement means financial institutions will no longer have to bid for the amount of cash they are seeking.
